Risk Management Importance

Whenever we think about risk, we always associate with the uncertainty and the possibility of something going wrong. Discipline and risk management focuses on the identification and assessment of possible risks and of all identified risks and thus, prepare a plan to meet that, when that happens! There is a lot of misunderstanding about the risk management strategy is being able to get rid of all the risks you can think of maybe. This is not perhaps, even faith with good risk management. Below is a quote from a world-renowned risk management experts largely summarizes the essence of good risk management.

"Good risk management fosters vigilance in times of calm and instills discipline in times of crisis.
"-Dr. Michael Ong

The benefits of risk management process

Benefits implementation of systematic risk management process is long-term and short-term. In fact, every stage of the risk management effort, the right of hazard identification, risk assessment of mitigation strategies, and has its own benefits and are listed as follows.

* Risk identify benefits: identification of risks is quite critical phase of the risk management process. The most obvious benefit is that all risks identified at the start of the project on mitigation strategies. This means, in turn, all identified risks most likely to be likely to be planned without affecting the objectives of the project and the final result. Another benefit to risk is that all the assumptions listed below. Analysis of the assumptions is an important step in removing the potential inaccuracies and contradictions in the beginning of the process itself. Now, the risks need not always be negative. Positive are often stumbled (opportunities that were not part of the original project plan) when you select phase and you can take appropriate action to make the most of this "opportunity". This in turn will have a positive impact on the entire project or business.

* Risk assessment benefits: this stage requires a focus on all identified risks, and assess their impact on the project or business. Evaluation of the planned measures to remove or reduce the risks, is the result of constructive discussion or debate among the various stakeholders. The biggest advantage of this process is that it serves to bring different perspectives to the table and in the process of finalizing its potential solutions, and each person is brought to the same page. This, in turn, brings forth a sense of accountability to all stakeholders (including vendors, contractors, etc.), one of the objectives of risk management. Participate in the risk assessment activity also aims to promote an organizational culture where everyone is "aware" and to appreciate how their performance to be measured and rewarded. In addition, as a result of the cost-benefit analysis, you can review the contractual procedures for pricing, deadlines etc, based on risk factors.

* Risk analysis and evaluation of benefits: a is a subset of the risk assessment process, where each risk is described along with its attributes such as importance and likelihood of occurrence, the recommendation to minimize risk profiles, stakeholders, etc. The risk is all set for a business function or process that the allocation of risk. Changes to policy, emergency numbers etc, are the benefits of a successful process of analysis and assessment.

* Risk of treatment benefit: risk profiles once finalized, graded, and evaluation, the next step for the implementation of the plan. Through internal controls (including policy decisions) and compliance regulations are established reduction strategies at work. Downside risks or threats "do not correspond to shock or surprise risk and opportunity are abandoned because of lack of preparation and planning. Achieved significant benefits to increase operational efficiency and profitability when successful treatment of risks at this stage.

* Risk monitoring and review benefits: risk management is not a one-time activity. The risk of continuous monitoring and review of the risk-management plans underpin a successful business strategy. This activity provides long-term benefits with regard to lessons learned to improve future risk management strategies and the effectiveness of the treatment measures of risk, which will no doubt come in handy for subsequent projects.

Compared with no strategy for risk, interest risk management of the business, in short, as described below.

* Awareness of "high risk": you can avoid the most important threat to business, any failure to identify and plan for risks and communicate across the Board to all stakeholders.

* Save on time and cost: a proactive approach to threats in the enterprise or business through risk management, always leads to considerable savings in costs, and prevent the waste of time and effort in the fight against the fires.

* Discover opportunities: instead of being unprepared for the opportunities identified during the project cycle or business, risk management can help plan and prepare.

* Harvest reusable knowledge: risk management comprehensive attempt with contributions from various stakeholders, experiences, and insights. This collective knowledge, or at least large parts of it, can be reused for future endeavours. One risk management plan can provide templates for successive plans to start from, rather than reinventing the wheel. This is probably the most useful long-term benefits.

Risk management helps in making better decisions in the anticipate threats and opportunities for projects or business. While some of the benefits achieved from the initial stages of the project, often "hidden" benefits surface much later. There is no doubt that good risk management plan is a cornerstone in the success of projects.

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Advices At Your First Day of a New Job

A new job is synonymous with meeting new people, adjusting to a new environment, doing new work, and yes, coping with a new boss! With so many new things round the corner, you feel excited as well as nervous. Over-excitement and nervousness can mar your impression at the workplace on the first day, and this is something you don't want happening. In today's materialistic world, everything from your attire to your demeanor has a say in creating a favorable impression.

How to Make Your First Day at Work Perfect

1. Do the Homework: Keep yourself abreast with all the latest developments in your industry. This preparation will come handy, if your employer questions you to test your knowledge about current affairs. Your awareness also conveys your excitement to the employer. Go through some books and take the help of the Internet to meet this purpose.

2. Sleep Well: A good 7-8 hours of sleep is essential for the body and mind. Sleep refreshes us, and prepares us for the hard work of the next day. On the first day, you must look your best, and sleep will help in the same.

3. Have a King Size Breakfast: Nothing can beat the frustration that stems from an empty stomach. Moreover, you need to be extra focused on your work on the first day. Thus you should prefer to have a healthy and heavy breakfast in the morning that will keep you full for a longer time. Ensure that your breath is fresh after having breakfast.

4. Your Attire: Your dressing sense speaks a lot about you, and so needs special attention too. Dress as per the culture at your new workplace. If you are not aware of the dress code, prefer to dress formally than casually. Casual and revealing outfits should be avoided by women as well as men.

5. The Important Things: Often out of nervousness, candidates forget to take one important thing or the other. Thus before stepping out of the house, take the necessary documents and accessories with you.

6. Timing: Make it a point to reach office early so that you get to bond with others around. It will create a bad impression if you reach the workplace late on the first day itself. If your workplace is far, you should learn about the route in advance and decide on the time it takes to reach there. Plan your schedule such that you reach office well on time.

7. Etiquette: To portray yourself as a congenial candidate, you should follow proper mannerisms and etiquette. Small things like wishing people good morning or saying hello at the workplace is important. This conveys to others that you are open-minded and friendly.

8. Ask questions: Coming to the work related tips, pay attention to lectures given during induction, and clear all your work related doubts by cross-questioning the concerned authorities. This also facilitates communication between you and others and thus you will get to know others at the workplace.

9. Be Interested: Don't be too talkative or try to intrude the space of others, likewise do not keep yourself aloof and restricted. Keep a friendly face and have an open attitude to others. Be willing to start a conversation with others; this way you bond with the people at work.

10. Maintain a Calm Disposition: Employers secretly monitor the work of new recruits, to see how they work or behave with others in the office. Thus, maintain an alert and calm disposition throughout the day and keep yourself interested. Similarly, you should present yourself confidently and pay attention to things like eye contact and body language.

11. A Warm Goodbye: This is a part of etiquette. Wish goodbye to people with whom you had communicated in the day. Be keen to follow these manners, since they help in creating a friendly impression.

Tips to Remember:

1. When you introduce yourself to others, make it a point to remember their names, to avoid facing awkward moments on the next day.
2. Keep yourself away from the office gossip groups, and be more work focused, at least in the initial days on your job.
3. Directly communicate with your supervisors if you have any trouble during work.
4. See to it that you have a sound background knowledge of your company.
5. Participate in after-work activities, if there are any.

Rather than making it seem like a battle to conquer, look at your first day at work as an exciting opportunity to meet new people. Be cool and friendly, and soon you will look at the workplace as your second home!

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