Risk Management

What is a Risk?

Pmtips  (2010)

According to Theirm (2002), risk is a combination of the events and its consequences. Risk management standard is the result of work by team drawn from major risk management organization as mentioned by Institute of Risk Management (Theirm, 2002)

What is Risk Management?

Risk management is a central part of any organisation’s strategic management (European Federation, 2013). By identifying the risks the organizations are trying to solve them to achieve the goals to sustain the business (European Federation, 2013).

Risks faced by projects
Strategic:

• Project Abandonment
• Massive over run
• Loss of client confident

Operational:

• Inefficiency
• Unacceptable working conditions

Risk Management Process

Leadership Champions (2008)

1. Risk Planing: Adapt risk management approach by exploring the possible ways to reduce impact of threats (Pmtips , 2010).
2. Risk Identification: Predict effects on plan and document the characteristics (Pmtips , 2010).
3. Risk Analysis: Assess likelihood and impact of risks while analyzing the probability of risk occurance and numerically analyze effects of identified risks on project objectives (Leadership Champions, 2008).
4. Risk Response: Develop contingency measures and plan possible responses to risk occurance  (Pmtips , 2010).
5. Risk Action: Implement risk reduction methods to measure the effectiveness of the planing and controlling the risk impact (Leadership Champions, 2008).

Reference

European Federation (2013) Fundamentals of Risk Management. [e-book] European Federation for welding joining and cutting. http://www.ewf.be/media/documentosDocs/doc_16_ewf-644-08-fundamentals-of-risk-management.pdf.[Accessed: 08th January 2013].

Pmtips (2010) A High-Level Overview of Risk Management | Project Management Tips || Project Management, Collaboration and Knowledge Management Blog. [online] Available at: http://pmtips.net/highlevel-overview-risk-management/ [Accessed: 8 Jan 2013].

Leadership Champions (2008) Risk Management Processes. [online] Available at: http://leadershipchamps.wordpress.com/2008/06/24/risk-management-processes/ [Accessed: 8 Jan 2013].

Theirm (2002) A Risk Management Standard. [e-book] AIRMIC, ALARM, IRM . http://www.theirm.org/publications/documents/Risk_Management_Standard_030820.pdf [Accessed: 08th January 2013].

Ethical Code of Conduct

Code of Ethical Conduct defines good practice for professionals in the suitability of industry by brilliant on the core values of rights, relationships, responsibilities, standards and safety. Doing the right is experienced based rules and expectations is ethical code and concerned with right and wrong morals (Exerciseregister , 2013).

The term ‘professional’ is used in a qualitative context in this Code and does not necessarily involve a paid position. The Code applies to both in employment and freelance professionals but where professionals are employed(Exerciseregister , 2013) the Register accepts that employed exercise professionals (Exerciseregister , 2013).

Importance of ethics

• Ethics are concerned with questions of values about the behavior of the humans "good" or "bad" in any given situation.
•       Expected Behavior : Platform that would lead to the expected behavior from the member of society in any given situation
•        Decision Making: Ethics are the standards, values, morals, principles, used to base one's decisions or actions on a basis for ethical decision making in the conduct of professional work 

Code of Ethics
Ethical judgments are no different in the area of computing from those in business practices, law practices, professional code of conducts because the computers raise problems of privacy, ownership, theft and power. Ethics programs will be a code of ethics with the purpose is to provide guidance to staff. U

Ethical Principals

•Ethical behavior should conform to both the law and the moral codes common to society.

•There are at least 2 ways to view ethical behavior:

–Utilitarian view (utilitarianism)

–Individualism view

Reference
Exerciseregister (2013) Code of Ethical Conduct. [online] Available at: http://www.exerciseregister.org/members/code-of-ethical-conduct.html [Accessed: 8 Jan 2013].

Job Interview Skills

Interview is a formal discussion between interviewer and interviewee.In here the employer decides whether to applicant is suitable fort the job position or not while applicant tries to learn more about job description and while impressing the employer.  

How to prepare yourself before the interview?

• Check availability
• Punctuality (Arrive early)
• Research about organization
• Know about future enhancements of organization
• Make a list of questions the interviewer will  ask
• Create a very good first impression



Glassdoor (2013) 

• Analyze the job position by looking at the basic requirements

This topic is very important because in the future one day students after graduating walk into industry and have to face interviews. Learned that when facing to interview it is important to get the 1st impression and it is the last impression to an interviewer.

Aptitude and Attitude are very important in the interviews.

• Aptitude : Able to learn new technologies
• Attitude : Able to work with others

There are 3 people in a interview.

• Technical
• Emotional Quantum
• Evident of the CV

Types of questions asking in an interview

• Rapport building questions : Helps tp put candidate at ease 
• Open-ended questions : Depending on how 1st quesstion is being answered the other question set is brought up by the employer
• Probing questions : Mostly technical questions
• Non-questions : Makes candidate comfortable at responding by asking questions that is not ending with a question

Normally at the interview 20 questions will be asked.

Interview tips

Reference

Glassdoor (2013) 4 Questions To Ask During Your Job Interview . [image online] Available at: http://www.glassdoor.com/blog/wp-content/uploads/interview34.jpg.

Career Development (Curriculum Vitae & Cover Letter)

01-01-2013
Career Development

Be Prepared to think different when you develop your individual career development plan!!!

empowernetwork (2012)

Difference between CV and Resume

• Resume: A detailed description of person's experience, achievements
• CV: A structured point formed skills, philosophy

HR need analysis

• Fill the gap of employee leaving, someone die or retire
• When expanding the company context
• Temporary

Each company has a cooperate plan nearly about 5 years and break this huge plain into smaller sections about 1 year and so on.

The process of HR need is satisfying according to the below figure.

Authors work (2013)

The personal profile is consist of experience, skills,  study (knowledge) whereas job description is expected to  be performed by employee.

• Responsibility
• Reporting
• Authority

There are 3 types of interviews such as:

• Group Interview - Technical competence
• Presentation - Emotional / Attitude
• Case study (Report writing) - Planning to sell yourself by showing the ability to write

Challenges in HR analysis

• Why company need this type of people
• To fill the cooperate space in the company

02-01-2013

Curriculum Vitae

CV is known as Course of one's life. This helps to organize the future career of a person by joining to the organization. Also helping to set the goals by getting recommendations from referees. Anyway CV must be look professional, clear, relevant and include necessary facts, complete, consistent are key points. One person's CV can be different from another. So that updating the CV each time is good.

Contact Information

dailyjobads (2012)

• Full Name
• Postal address which is permanet
• Mail Address
• Phone numbers

Sections of a CV

1. Objective
2. Education
3. Honors & Awards
4. Professional Experience
5. Publications/ Presentations
6. Extra-curricular & Volunteer Experience
7. Interests

Optional:

1. Certifications  License
2. Professional Affiliations
3. Professional Activities
4. Research
5. Added Qualifications

howtomakeacv.files.wordpress (2012)

General set-up features

• Font: Time new Roman
• Regular paper: White
• Font size: 12 points
• No underlining but can bold or use caps to stand out things
• Single sided
• 1" margin in all around
• Number the pages
• No graphics
• Full name on every page

07-01-2013

Cover Letter

Cover Letter is a letter sent with your CV to introduce yourself, explain why yo sending the CV, and provide more details. This is projecting the desired image of you to the company to hire you for a particular job. Here mainly mostly important information must be conveyed while highlighting accomplishments.

Stylish cover letter

• Block style: All lines start on left side and no indentions
• Modified block style: uses indentations and each paragraph is indented

Out of these 2 stylish recommended to use Block style as its clear.

Helpful hints while writing cover letter

• Be assertive
• Value to employer
• Simple and direct language
• No grammar errors
• Reflect your individuality
• Spell recipient name correctly
• Be friendly
• Target your letter 

When you are done with the Cover Letter proofread it over and over and stick to the point while writing and if you need help while writing ask for help from qualified people.

Sections of Cover Letter

• Your address  and date
• Recipient name and address
• Salutation
• Body of the letter
• Complimentary close and signature
• Title of respect
• Return address and  zip code

Can also include reference initials enclosure notifications

Body of the letter

This has 3 paragraphs as discussed below.

1. Reason for writing
2. Point out qualifications
3. Call attention to resume, reiterate interst

Reference

http://www.empowernetwork.com/dchestnut/files/2012/10/careerdevelopment2.png
http://dailyjobads.com/wp-content/uploads/2011/12/CV2.jpg

http://howtomakeacv.files.wordpress.com/2010/12/logo_300-2.jpg

Beautiful Happy New Year 2013

New Year is the time at which a new calendar year begins and the calendar's year count is incremented. In many cultures, the event is celebrated in some manner. The New Year of the Gregorian calendar, today in worldwide use, falls on 1 January, as was the case with the Roman calendar. There are numerous calendars that remain in regional use that calculate the New Year differently.