Risks in project management It is impossible to avoid the risks of a project no matter how well it h planned due to the unexpected problems which might occur during the implementation of the project. Risks in project management refer to an uncertain condition that can have adverse effects on the project’s objectives and goals. Control of the risks is a very critical aspect to consider before the implementation of any project. The chances are identified, and a solution for each risk sought before the project goes to the implementation phase. It is vital to carry out the risk analysis for any project and plan appropriately for the project before it is implemented. However, the risks cannot be avoided entirely due to the changes which may occur in the environment and affect either one of the goals of the project or several. Some risks are unknown for a particular project, and therefore it is hard to eliminate them since the risk managers cannot identify them. Such risks come unexpectedly and knock down a project, and in such a case, the…
Risk Management Program Health care managers have various roles in multiple settings. The risk managers are ultimately determining the organization of a specific area. The managers of the health care identify evaluated risk as reducing means to reduce the patient’s injury. The managers of the risk management protect and prevent minimized incidents and damages caused by the events. The importance of management planning includes end results, which decrease the risk of the patients (Diafas, 2016). Every organization faces various challenges, which include the safety of the patients, regulation mandatory federal, error of the potential medical and healthcare field impacting legislation. Risk, which is evaluated, measure the terms of negative effect. The assessment of risk specific organization management plan is developed. Monitored and implemented. Implementation risk in development is based on the risk program assessment on extensive research, which is ongoing. The risk managers have a duty of staying on information that is relevant in the organization based on the results of the assessment. The information is based on management programs. The information which is provided in the resources should conduct…
Risk Management Process One of the most common definitions of Risk is an uncertain event that has the possibility of occurring at any given time; however, accessible to most beliefs, the risks can have either a positive effect or negative on a project’s goals and objectives. The potential of any identified risk to have a negative or positive outcome is a fundamental concept that organizations should highly focus on. Why? Mainly because it is natural for an organization’s security team to fall into the trap, or have the mentality that all risks have inherently adverse outcomes. If an organization makes itself open to the positive risks can result in positive opportunities, making the project more positive, streamlined, and profitable. Therefore, for an organization to try and determine the potential outcomes of Risk, whether it be negative or positive, there is a need to adhere to the fundamental steps and phases defined for risk management. All risk management processes and frameworks are recommended to follow the same necessary steps. Although there is a time when different jargons are applied in trying…
The Role of Ecommerce in Enhancing Quality Of Life 1.0.Introduction Nowadays, technology penetrates many areas of life, with both positive and negative consequences. In the business environment, ecommerce has become the most influential technology revolutionizing consumers buying goods and services from online stores. Khan (2016) defines ecommerce as the buying of products and services through the Internet. Similarly, Kabugumila, Lushakuzi, and Mtui (2016) define ecommerce as the buying of goods and services through telecommunication and telecommunication-based tools like the Internet. The term ecommerce was initially believed to describe the process of performing business transactions through electronic devices from the electronic data interchange (EDI) and electronic funds transfer (EFT) (Kabugumila, Lushakuzi, & Mtui, 2016). These technologies emerged into the public domain for the first time in the late 1970s, and they permitted communication and implementation of electronic transactions between enterprises, generally in the form of electronic buying orders and invoices (Kabugumila, Lushakuzi, & Mtui, 2016). Therefore, EDI and EFT were the foundation for the emergence of ecommerce. Shopping is considered very vital in human life since it enables consumers to access…
Risk Management Approaches Looking back at the turn of the century, I recall observing the earlier versions of mobile phones, PDA’s and tablets, and it is predicted that soon mobile devices will eventually displace the use of personal computers in the healthcare industry. Would the devices only get lighter, smaller, more powerful, and cheaper. It would subsequently require businesses such as Ventana Medical Systems, a USA based Instrument Reagent Systems manufacturer, developer and market, and part of the Roche Diagnostics Division to have to shift to the use of mobile devices in the workplace. And here we are. It is, as detailed by Veterans Affairs, expected that mobile devices would soon be widely applicable in healthcare services, even replacing the use of desktop computers. Powerful tablets and smartphones are getting distributed everywhere. Nurses, physicians, and other professionals are using them on a routine basis (Andersen, 2019). This aspect can prove to be beneficial to Ventana Medical Systems in their quest to providing treatment and diagnosis on several infectious diseases and cancer. By promoting remote working culture in the business. As…
Summative Report:Ecommerce Industry Gaesy posits that ecommerce provides a suitable platform to enable the purchase and sell of goods conveniently. Customers are able to access and buy a variety of goods from home at affordable prices. In case the goods are not of good quality they can return them back. fast thus the task for the management to keep themselves updated on what is current and most effective in this field to maintain good standing in the business using ecommerce. According to Akuzum, (2014), the slow and fast points to measure the business were the time that guides in manufacturing be reduced, reducing the duration that a product goes round, introduce the new automotive products more frequently, customize at a higher level, make changes on the capability of the deliveries made all over the world, the level of the services offered to customers to be improved, a reliable way of delivering to be upgraded, respond more to the needs that are changing in the market Analytic applications from videos are in high demand and greatly increasing in cities, sites of…
The Role of Human Resource in Management Processes Abstract Human resource management is a vital function within any organization or business unit. In this light, HR had been evolving over the years as technology, and organizational expansion had generated comprehensive utilization of the responsibilities of some HR personnel. Modern days relational existence of human resources management and the management process exists. This study reviews how the human resource management relates with the management process in a company when the prices drops, in this regard, the responsibilities of HR will be outlined. The study finds that those roles attached to HR personnel are defined and encourage goal achievement of a company in the difficult moments. Keywords; human resource (HR) management, responsibilities of human resource, staff managers, management process. CHAPTER ONE Introduction Human resources management has evolved in the recent past, become a driver to human capital development. More so, in the study, HR denotes various duties performed in a company that facilitate the realization of set objectives and normal functioning when the profits drop. In this light, human resources evolvement is…
Relational Database Management System Implemented by Amazon Inc. Organization Background Amazon Inc. Goals and Objectives The company is guided through four main principles that include competitor focus, customer obsession, commitment to operational excellence, and long-term thinking (About Amazon Staff). The company’s overall goal is to be earth’s most customer-centric company. The idea is to build a platform where customers can find what they are looking for and further discover other aspects while purchasing online (About Amazon Staff). To achieve this, Amazon Inc.’s mission is to offer consumers the lowest possible prices, improve selection varieties, and at the utmost convenience (Amazon.com). Aim and Objectives of the System Amazon Inc. uses a relational database management system as its core information system. RDBMS is regarded as a collection of capabilities alongside programs that allow information technology specialists and stakeholders to create, update, administer, and interact with a relational database. Amazon relational DBMS is a web service that permits users to make setups, operations, and scalability options in relation to the AWS cloud (Amazon Relational Database Service User Guide). Therefore, a relational database utilizes…
Principles of Business Reflective Report Introduction Having come to the end of the principles of business module, I consent that the module has been not only educative and informative but also interactive and enjoyable. The professor met the aims and objectives of the module. Through the module, I was able to advance my knowledge and understanding of the different principles of management and how they can be applied to practice. Doing various personal assignments and research has helped me gain a substantial amount of knowledge on the topic. Through integrations with principles of business theories, I was able to relate them and learned how to apply them to real examples of business situations. The key areas learned in the module were topics on effective leadership, elements of good management, ethics, and integrity, as well as influences of behavior within an organization. In this preceding reflective paper, I will be reflecting on the knowledge I have acquired throughout this course and showing how I can apply the theories in practice and real organizations. Effective Leadership Effective leadership is not something you…
Records Management Programs One of the most critical responsibilities of an organization is to keep an effective records management program. A records management program includes guidelines and procedures based on business needs that ensure that an organization’s files and records are kept in an organized approach and suitable format (Kempner, 2018). This approach ensures that essential records remain in the office as long as they are required, thus protecting them from damage or loss. Not only does the records management program describes the guidelines for the storage of crucial files, but it also identifies procedures for disposition of non-current records. A good records management program will explain all the content and purpose of each record kept in the inventory. Owing to unforeseen catastrophic events that could lead to damages and loss, there is a need to briefly identify the various business reasons as to why organizations require an efficient and effective records management program. According to McDonald (2018), a records management program helps an organization categorize, store and preserve records securely from any destruction. There are numerous business reasons as…