Risk Management Process Research Paper Example | Topics and Well Written Essays - 750 words

Risk Management Process - Research Paper Example Hazards are identified and through proper management control power and resources are conserved (Kendrick, 2009). Projects being undertaken possess different risks and therefore project manager must understand every detail of the project and outcomes expected to ensure that the project does not fail. Understanding of requirements of the project will ensure that proper strategies are formulated and resources used efficiently to avoid uncertain risks (Loosemore & Raftery, 2006). Risk management process involves detail stages which are used to enable understanding and creating correctional measures that can be used to avoid risks. Therefore before undertaking any activity there is a need to know every project risk before selecting and implementing a project (Hillson, & Simon, 2007). Role of Risk Management in Overall Project Management Risk management is done by all stakeholders involved in the project. Safety and health of employees is to be maintained for the success of the project. Th is is through providing information and training to workers and preventing occupational risks. It is important in identifying risks and putting in place appropriate measures to ensure that the project delivers as per the goal (Hillson, & Simon, 2007). Means of implementing measures are also made so that a project is run with a detailed understanding of what it demands at every face. Ensuring that perceived risks do not occur is a role of management hence ensures that they control the process through evaluation of completed stages and comparing them with set objectives and chances of risking the project. The assessment is needed to understand cause of the problem and if it can be corrected with appropriate measures (Belbin, 1981). Risk Management Process Cycle within a Company Several steps are undertaken before venturing into selection and implementation of projects. First, hazards are identified by determining perceived source of problem. This could be from inside or outside the or ganizations. It can be done through use of available objectives, scenario-based where events that can cause risks are examined. Second stage is assessing the hazards (Kendrick, 2009). This is through both qualitative and quantitative methods. The purpose of this stage is to determine the probability of the risk happening, estimate severity. Risk level is determined for each hazard identified. Focus is on how the risk can be eliminated. Third stage is deciding on preventive action. These are measures that will be used to eliminate or control the risks (Loosemore & Raftery, 2006). Tacking action is the fourth stage where preventive measures are put into place by prioritizing of what is essential. It also involves assigning individuals tasks when and how to do them to avoid the risks. The final stage is monitoring and reviewing the assessment time to time is necessary so as to understand what was left out and if every specification is being followed (Belbin, 1981). Risk Management Acti vities throughout the Project Life Cycle Several activities are undertaken during risk management process. Managers plan how various risks will be managed including how every task is assigned, roles of employees and the cost budget. Giving an account of planned and faced risks is also an activity done to determine extent of effort spent and effectiveness of the measures used. Plans for mitigation are prepared describing what will be done, when, how and by whom in the project hence minimizing

America's Involvement in WWII and Vietnam Essay Example | Topics and Well Written Essays - 750 words

America's Involvement in WWII and Vietnam - Essay Example In the late 1938, Hitler continued with violent Nazi policies that discriminated against the Jews in Germany which led to several deaths of the Jewish people. Moreover, Hitler and his Nazi army attacked Poland and France who finally surrendered to Hitler. Consequently, the U.S president Roosevelt decided to circumvent the neutrality act and assist the British by sending them weapons secretly going against the public demands to stay out of the European war. Committees were formed in America which perpetuated the neutrality act and a larger population supported it until when Japan started bombing America’s Pearl harbour. Consequently, America declared war on Japan which led to Germany and Italy declaring war on America thus the beginning of America’s involvement in the world war two. The United States joined the Vietnam War to stop spread of communism in East Asia. Moreover, the North Vietnamese anticipated support of Americans and successfully fought back the South Vietnamese. However, the military situation began to lose ground in South Vietnam and it was blamed on Diem’s corruption. Consequently, the then U.S president J.F Kennedy’s government organised a coup d’etat which led to Diem’s death. The American government began establishing attacks secretly against the North Vietnam because of their communist government (Tucker). Moreover, U.S president Johnson who took over after Kennedy’s death, ordered for a surveillance mission at the coast of North Vietnam. Furthermore, the South Vietnam were supplied with weapons and trained by Americans. In addition American destroyers passed beyond the boundaries of Gulf of Tonkin which led to the North Vietnamese troops firing at them. Consequently, Johnson declared war on the North Vietnam and the American public supported the move of war on Vietnam. The war began in Vietnam which led to the Tet offensive committed by the North