Risk Management is the process by which potential risks are controlled by analyzing, identifying and addressing them. The goal here is to minimize any future losses while maximizing a company’s rate of success. There are three main components of risk management
Flood risk management decisions require the rational assessment of mitigation strategies. This is a complex decision-making process involving many uncertainties. This paper presents a case study where a cost-benefit based methodology is used to define the best intervention measures for flood-risk mitigation in central Spain. Based on different flood hazard scenarios, several structural measures considered by the local Basin Water Authority and others defined by engineering criteria were checked for operability. Non-systematic data derived from dendrogeomorphological analysis of riparian trees were included in the flood frequency analysis. Flood damage was assessed by means of depth-damage functions, and flooded urban areas were obtained by applying a hydraulic model. The best defense strategies were obtained by a cost-benefit procedure, where uncertainties derived from each analytical process were incorporated based on a stochastic approach to estimate expected economic losses. The results showed that large structural solutions are not economically viable when compared with other smaller structural measures, presumably because of the pre-established location of dams in the upper part of the basin which do not laminate the flow generated by the surrounding catchment to Navaluenga.
Here are some unexpected risk management topics that you can write your paper on. Remember that you are not the only one that will access this list. You may want to modify the topics a little bit. They are broader in scope to accommodate this factor. You can narrow them down a little more to create a unique topic to write your paper on.
Mr Gwenzi holds a Bachelor of Science Honours degree in Rural and Urban Planning from the University of Zimbabwe, a Master of Science degree in Construction Project Management from the National University of Science and Technology (Dissertation: Strategies adopted by construction companies in managing risk in Zimbabwe), as well as a Master of Business Administration degree (MBA) from the University of Zimbabwe (Dissertation: Establishing a healthy organisational culture). He is a member of the Zimbabwe Institute of Housing.
Mr Benjamin Gwenzi has extensive working experience in the real estate business with special focus on land acquisition, construction project management, and mobilisation of project finance, property management and valuation. He is a former Director of Housing and Community Services of Chitungwiza Municipality. During his tenure, he actively participated in the formulation of the turnaround strategic plan for the local authority and coordinated formation of partnerships in infrastructural development and service delivery.
You have been hired as a consultant and asked to provide a presentation on the company’s risk management to the CIO.
Create a 5- to 7-slide narrated presentation on the following information:
Describe how the organization can apply risk management principles in its efforts to secure their systems.
Outline how protection efforts will vary over time.
Include three different example sets, each with a vulnerability, related risk, and way to mitigate (control) that item.
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