Risk Management System ( Name Rms ) - 1678 Words

10. Risk Management 10.1 Name Risk Management System (Name RMS) Name Risk Management System (Name RMS) aims to effectively and efficiently manage and assess all the critical risks due to both external and internal factors with the suitable action plans on specific risks, which gives the least possible adverse effects to the customers and company. The holistic framework of the system includes 4 key steps: risk planning, risk assessment, risk handling and risk monitoring showed in Figure 1. Figure 1: Name RMS process layout1 10.2 Risk Planning The project manager such as the product creator in Name Company takes the responsibility of reviewing the risk assessment documents and tracking the progress of control measures with†¦show more content†¦The PESTEL analysis model is firstly applied to identify the external risks from the light switch products which impact the surrounding business environment. The PESTEL model includes 5 different aspects of external risk factors such as Political, Economic, Social, Technological, Environmental and Legal. To complete the risk identification, the internal risks is required to consider by understanding 4 key areas to the company like Strength, Weakness, Threats and Opportunities in the SWOT analysis model. By thinking the company’s internal factors such as Strength and Weakness and finding out the potential external factors such as Opportunities and threats from the environment to the company, help to establish better mitigation measures and strategies to prevent uncertainties events and serious consequences to occur in short term and future. Both of the model results can be found in Appendix. The risk register spreadsheet tool called Circa RiskCom spreadsheet tool is employed for a good and detailed risk assessment table which is shown in Appendix. It combines the both analysis models with residual risk assessment and evaluation of control strategy costs. The risks are split into 3 categories like L– Least, M–Medium and H–Highest for assessing the likelihood and severity consequences of each key risk. 10.3.2 Risk Analysis From the risk

John Locke and Thomas Hobbes Essay - 1077 Words

John Locke and Thomas Hobbes both believe that men are equal in the state of nature, but their individual opinions about equality lead them to propose fundamentally different methods of proper civil governance. Locke argues that the correct form of civil government should be concerned with the common good of the people, and defend the citizenry’s rights to life, health, liberty, and personal possessions. Hobbes argues that the proper form of civil government must have an overarching ruler governing the people in order to avoid the state of war. I agree with Locke’s argument because it is necessary for a civil government to properly care for its citizens, which in turn prevents the state of war from occurring in society. Locke also has a†¦show more content†¦Hobbes states that the proper form of civil government must have a supreme ruler governing the people in order to avoid the state of war. He believes that the goal of the people is to escape the state of war , and that they are willing to transfer their rights in order to leave it. â€Å"Whensoever a man transfers his right, or renounces it; it is either in consideration of some right reciprocally transferred to himself; or for some other good he hopes for thereby. For it is a voluntary act: and of the voluntary acts of every man, the object is some good to himself.†3 He believes that all men are equal in the state of nature despite any preexisting differences between them because they are ultimately powerful enough to defend themselves and their resources. â€Å"Nature hath made men so equal, in the faculties of the body, and mind; so that though there be found one man sometime manifestly stronger in body, or of quicker mind than another; yetShow MoreRelatedJohn Locke And Thomas Hobbes886 Words   |  4 Pagesdiscuss the differences in political theories expressed by both John Locke and Thomas Hobbes. In, Leviathan, by Thomas Hobbes, and in, The Second Treatise of Government, by John Locke different theories of political legitimacy and definitions of the state of nature are described. The following paragraphs analyze multiple different points that are imperative to understanding these political theories. In the reading, Leviathan, Thomas Hobbes discusses what human existence is in the state of nature andRead MoreThomas Hobbes And John Locke911 Words   |  4 Pagessocial contract theory, Thomas Hobbes and John Locke established many of the founding ideals that contemporary Liberalism is based on. While the shared many similar positions, there are some key distinctions to be made between the arguments Hobbes and Locke make in Leviathan and Second Treatise of Civil Government, respectively. In this paper I will argue the differences between how each of them viewed the right of the subjects to revolt from the sovereign. Thomas Hobbes published his most famousRead MoreThomas Hobbes And John Locke Essay1441 Words   |  6 PagesEifling-Question 4 Hobbes and Locke During and after the English Revolution, a few philosophers expressed different views on their philosophical outlook and life experiences. Some of the most outstanding thinkers include Thomas Hobbes and John Locke. They had opposing views on governance matters, but the two, also, had striking similarities. In addition, the two represented an increasingly modernized European population that despised absolute kingship. Both Hobbes and Locke proposed a conceptionRead MoreJohn Locke And Thomas Hobbes1287 Words   |  6 Pagesknow how to balance and consider the nature of humankind and their rights. John Locke and Thomas Hobbes were both political philosophers who developed theories about how the government should work. They set up their theories around The Natural Law and the Social Contract Theory. 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Thomas Hobbes and John Locke, are the twoRead MoreThomas Hobbes And John Locke928 Words   |  4 Pagesthere is no formed society, government, laws, safety, etc. both Thomas Hobbes and John Locke take this into perspective while introducing a political view. As illustrated by Thomas Hobbes, John Locke, Karl Marx, and Friedrich Engels, they proposed political views on how human nature can prosper. Initially, Thomas Hobbes introduces a concept on the state of nature and its effects as well as how peace can be achieved. In Leviathan, Hobbes defines what living in a state of nature would be like and theRead MoreThomas Hobbes And John Locke888 Words   |  4 Pagesare very similar but diverge in the moments that solidify their stance on their opinion. Thomas Hobbes and John Locke is both political scientist who have made strides in the area of social contracts and share being natural law theorist also. Locke and all other natural law theorists assumed that man was by nature a social animal and there fore struck contracts with each other to secure safety among them. Hobbes assumed differently, thus his verdicts are very different from other natural law theoristsRead MoreThomas Hobbes And John Locke1494 Words   |  6 Pages1) Thomas Hobbes and John Locke share the basic assumption that a theory based off of abstract individualism, consent, sovereignty and reason will produce a peaceful and productive society. This theory is the liberal political theory, which is the philosophy of individual rights and a limited government. Both Hobbes and Locke both center the majority of their ideas off of how people’s lives should be based off of nature rights instead of natural law. This being said, people are also subject to theRead MoreThomas Hobbes And John Locke1426 Words   |  6 PagesBy the second half of the 17th Century, England would experience one of the bloodiest conflicts in its history, ultimately serving to influence some of the most phenomenal political philosophers in Europe --Thomas Hobbes, and John Locke. England was in constant unrest, choosing new forms of government almost on a whim in desperate attempts to restore order in the Country. The English Civil War in 1642 etched a legacy of drea d in the people of England, and the war only appeared more disastrous andRead MoreThomas Hobbes And John Locke1659 Words   |  7 Pagesmajority. The following pages show how modern social contract theory especially that of Thomas Hobbes and John Locke, grew into the divisive issue it is in contemporary political philosophy. Modern social contract theory can trace its roots to prominent thinkers Thomas Hobbes and John Locke. It is their thoughts on social contracts that lie at the center of the many spheres we are a part of. For Hobbes and Locke, social contract theory sought to analyze the relationship between rulers and the ruled

Documentation for Related Literature free essay sample

Maintaining a wide assortment without spreading the rapidly moving items too thin, 2) Increasing inventory turnover without sacrificing service, 3) Keeping stock low without sacrificing performance , ) Obtaining lower prices by making volume purchases, 5) Maintaining an adequate inventory without an excess of obsolete items. Anyone in business must understand the business of inventory. Below is a look at six different inventory systems as well as a comparison of the advantages and disadvantages. Wal-Mart Inventory System Wal-Mart runs its stores on a perpetual inventory system. This system recordsthe quantity of items sold as items are purchased. The computer system at Wal-Mart constantly keeps up with additions or deductions from inventory and tells management what items are on hand. The organization also conducts counts of employee manual counts of inventory periodically. When an item arrives at the Wal-Mart distribution center it is scanned into the inventory system. When the items are purchased by the consumer, the point-of-sale system reduces the inventory from that purchase. We will write a custom essay sample on Documentation for Related Literature or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page According to Wal-Mart’s Gail Lavielle, a leaner inventory will help clear out store clutter and help Wal-Mart focus on specific brands and products that consumers want (The Associated Press, 2006). Advantages and Disadvantages of the Wal-Mart Inventory System The advantages of a perpetual inventory system are that inventory is quickly updated in real-time, which gives a constant picture of the inventory status. With this data, inventory counts will be more accurate and allow one to keep up with demand Student Information System (SIS) is a web-based application software designed to introduce a conducive and structured information exchange environment for integrating students, parents, teachers and the administration of a school or college. Some of the other software packages available for this purpose include Student Management System (SMS), Student Information Management System (SIMS) and Student Records System (SRS). These software systems enable educational institutions to supervise student-related activities such as keeping records of tests or examinations conducted, attendance, appraisal on performance including details of marks scored, particulars of everyday school attendance, and all other institution-related activities; in short, they provide a complete student records system. They are designed with diverse application potentials ranging from simple management of students’ records at school to management of all student-related functions as well as administrativefunctions of a university or a chain of educational establishments. History Much of the software used in erstwhile student information systems and school administration worked on an outdated code base and had a curious mix of presentation, business sense, and data accessibility. It was impossible and often expensive to modify these systems to cater to future demands. Some of the early initiative software programs such as WebCT, SCT Campus Pipeline, Jetspeed, and Blackboard merely enabled interactions between students and teachers for academic purposes and served only as a student information system. The advantage of having a student management system was missing as it was not possible to integrate any of the campus-based activities within these systems. Most often, student data were kept strewn in multiple locations, making it difficult to construe and project. Educational institutions were looking for a web-based solution such as a student information management