Risk Management Assignment (BP) British Petroleum Deepwater Horizon Essay

Risk Management Assignment (BP) British Petroleum Deepwater Horizon - Essay Example PART A Introduction Where the world is growing and enhancing at a phenomenal pace, new, modern and contemporary technologies have emerged and growing rapidly in every field of life, which has transformed the ways of living as an outcome. This has also affected the world of commerce and has allowed the businesses to move ahead in a new direction. Investments and returns are the key aspects for a businessperson when setting up the business. However, a business always accompanies innumerable risk factors with it, whether it is the competitor threat, emerging new prospects in the industry, variations in the economic conditions, changing values of the goods or services or the fluctuations in foreign currencies. Risk is the probability or the possibility that a particular step or decision gives an adverse conclusion or makes a loss (Great Britain, pp.1, 2007). More or less, risk is a factor that all businesses enterprise carries; however, the extent and scope of risk varies from business t o business. In the old times, when the businesses were involved in more of manual activities, risk was one of the factors that were at a high level. However, nowadays, the risk factors involved in the business can easily come under measurement through the advancement of technologies and processes. Risk Management A course of action that determines, button down, breakdown, investigate, and either acquire and acknowledge or alleviate risk or ambiguities when making a decision or while investing comes under reference of Risk Management.  The aftereffects or the chain reaction may lead to huge losses if the organizations do not carry out the process of risk management in a commensurate way. One of the major examples that prove the importance of risk management is the Financial Crisis that happened in the year 2008. Through the process of risk management, the intensity of risk coupled with the business and its functions can come under measurement, and course of actions can undertake to eradicate or play down the risks. The businesses execute the process of risk management in order to spot the circumstances, conditions, or actions that may lead to adversity so that preventive measures can come under implementation in order to lessen the risks involved to overcome the consequences that may result in the catastrophe. The determination of risks through a systematic, planned, and apparent approach provides a business to evaluate, quantify, and give high importance to the risks so that adapted and pertinent steps can come under accomplishment to diminish them (Crouhy, Galai, Mark, pp. 37-54, 2006). The organizations’ prime goal and vision is to generate revenue, make profits for themselves and other stakeholder, augment their worth in the market, and create a good will. Therefore, one cannot neglect the fact that risk management is of utmost importance for any organization. In order for a business to flourish and prosper, risk management is one of the essential and elementary aspects and functions that a business should consider and undergo. Risk management is

Law - Community Policing Essay Example | Topics and Well Written Essays - 1500 words

Law - Community Policing - Essay Example Police policies and procedures provide the guideline for daily working. It assists in decision making of the Police department. Courts and public look to policies and procedures to see whether the actions of any officer are according to policies or not. So, during the making of policies it is taken in to consideration whether or not the policy is meeting the community requirement. Antisocial Behavior Policy Antisocial behavior causes misery to people who want to live with peace in the society. It includes serious violence and harassment. It is difficult to define anti social behavior precisely. The absence of any definition of antisocial behavior creates problem for the Police to tackle it because its power is unclear and solutions may be restricted to other agencies. According to Section 1 (1) of the Crime and Disorder Act 1998, Antisocial Behavior is acting in antisocial way that causes harassment, distress, alarm or nuisance to anyone. The anti social behavior includes: Nuisance n eighbors Racist behavior Using or threatening violence Playing music too loud The misuse of fireworks Begging and antisocial drinking People dumping rubbish, fly tipping and abandoning cars People dealing and buying drugs on the street or alcohol abuse Rowdy and nuisance behavior Antisocial behavior policy and procedure of Merseyside Police I am discussing here the antisocial behavior police policy of Merseyside Police. Merseyside is a metropolitan county in North West England. Policy Statement The key priority of Merseyside Police is to tackle with any anti social behavior. We understand the effect of antisocial behavior on communities and individuals and we have researched different resources to deal with it. Merseyside has still higher level of antisocial behavior. So it becomes our priority to tackle with this serious issue and employ all possible resources to deal with this issue. To reduce this percentage, we will make short term, as well as long term, goals. Our objective is to provide the victim with support and security. Aims The aim of formulating this policy is to reduce and in long term eliminate anti social behaviors. The aim is also to identify the repeat victims and ensure that every safety measures must be used to support them. The policy is provided with procedures so that the application of policy becomes easier and there is a path to follow. Objective The objectives of this Policy is to Decrease the number of anti social behavior incidents Introduction of the system of analyze the victims’ condition Increase the satisfaction of community Create a system for the cooperation of different agencies Follow national guidelines Identify the groups who are engaged in anti social behaviors Application and Scope All police officers, staff and volunteers must know and follow the policies and procedures. Assistant Chief Constable is the Chief Officer and he is responsible for the operations. Outcome Evaluation Outcomes are the goals set or object ives and they should be checked on regular basis. The measurement of the results by the application of policy will be done by the Head of Area support and coordination Unit. Procedure The procedure of the Merseyside Police