The Risk Management Cycle Essay - 560 Words

All projects are subject to varying levels of uncertainty and are subject to risk. Projects are established to achieve a goal and project risk management must address risks to the project management process in light of their effect on achievement of the end goal. The risk management review process must take into account the impact of identified and new risks. Risk management extends beyond setting out systems and procedures; all risk mitigations must be actionable. Effectiveness of implementation of risk management and actionable mitigation tasks must be monitored by the steering committee and sponsor/s. Identified project risks and mitigation tasks are controlled in the Project Risk Log (PRL). Change to the PRL should adhere to the†¦show more content†¦(Dobson et al.). The PRL ignores risk items that were deemed negligible in the initial review phase; the risk review process is designed to identify non-negligible risks as the project progresses. For this project we define risk by 3 factors; Likelihood, Consequence and Impact resulting in a Score for each risk item. Likelihood is the probability that a risk will occur; Consequence rates the outcomes a risk may have and Impact is the effect or impression a risk will have on the project or conference. Each factor is weighted from 1 (low) to 5 (high). The factors are added for each risk item to provide the Score for overall weighting (Turner). The determination of the risk factor is a qualitative risk assessment (Sims). See appendix Risk Assesment Calculations for more detail. As the project is neither large, complex or externally visible quantitative risk analysis will not be a considered as part of the project planning. However quantitative risk analysis should be considered if significant changes occur and a quantitative assessment is required (Hullet). This need should be determined by the Steering Committee and project team during the risk review cycle. Further positive or negativeShow MoreRelatedThe System Development Life Cycle And The Risk Management Framework1301 Words   |  6 PagesA Comparison of the System Development Life Cycle and the Risk Management Framework The System Development Life Cycle (SDLC) and the Risk Management Framework (RMF) are both processes that are critical to the overall function of an information system, however many project managers and system developers working with the SDLC regularly neglect to incorporate the RMF steps into the development of information systems. This lack of planning and foresight often has unexpected financial impacts, or worseRead MoreProject Management Life Cycle Models1241 Words   |  5 Pagesstart discussing the five project management life cycle models, it is very important to understanding below project management landscape and its four Quadrants: Quadrants 1: Contains Traditional Project Management (TPM), this approach has a clear project goal and clear project solution. Quadrants 2: Contains Agile Project Management (APM), this approach has a clear project goal and not clear project solution. Quadrants 3: Contains Extreme Project Management (xPM), in this approach both projectRead MoreAn Organizational Structure Based on Risk and Quality Fundamentals641 Words   |  3 PagesFollowing the review cited above, it is apparent that risk management cycle (hazard identification, risk assessment for prioritizing the need for response, decision for actions according to available resources, measures implementation, monitoring, feedback and identification of new hazards) dominates every business activity and consequently comprises the process that drives the organisational management and operations. From a wider viewpoint, Risk Management comprises the inevitable and inextricable processRead MoreEffective Quality Management And Risk Management874 Words   |  4 PagesIII. Effective Quality Management Although hundreds of management methods are developed, most research considers a non-holistic software quality management (SQM) viewpoint and focuses on development-phase-specific quality assurance (QA) methods and activities. To support SQM, we study effective quality management (EQM) to get acceptance of adequate product quality assurance activities by a minimum set of stakeholders, developers, customers, and users.[1] Value engineering (VE) is a method thatRead MoreRevenue Cycle Essentials Analysis944 Words   |  4 Pagesneed for project management or EHR software consulting. The mailing survey asked if there were needs in their practice or hospital for these services. If these services were needed what would be the rate per hour the client would be willing to pay for these services. If the practice or hospital had a need for this service, who would they contact for a free quote with an option to contact the client by phone or email. The results provided an increase in by 25% for project management and 15% for EHRRead MoreAltex Corporation Case Study Essay756 Words   |  4 PagesAltex Corporation Case Study: PROJ 6302 H1 1. Why was a risk management plan considered unnecessary? According to the contract award, contracts at that time did not require that a risk management plan be develop while according to the sponsor the risk management plan was not necessary because most of the new weapon systems requirements are established by military personnel who have no sense of reality about what it takes to develop a weapon system based on technology which does not even exist yetRead MoreThe Requirements For Software Development Essay1277 Words   |  6 PagesAbstract: Risk is defined as the future harm that may arise because of some present action. And in software development project it is very important to understand various risk associated with each phase of software development and the way to handle them. The requirement is the first step in software life cycle and we need to understand the risk associated at this phase. The requirement risk management is an important approach in requirement analysis. In this paper, we will present and discuss severalRead MorePerformance1552 Words   |  7 Pagesare divisible into stages or phases each with their own set of priorities and goals. A project is an important and carefully planned piece of work that is intended to build or produce something new, or to deal with a problem. The Project Management Institute, U.S.A. has a good definition for it. According to the Institute, a project is a one-shot, time-limited, goal-directed, major undertaking, requiring the commitment of varied skills and resources. It also describes a project as: a combinationRead MorePMBOK guide defines TM as the â€Å"Use of available time and your own productivity along with the700 Words   |  3 Pagesand your own productivity along with the appropriate planning and management of the project schedule† highlighting the link between Time Management and productivity and its closely knit relationship to scope and cost areas. Max Wideman presents a wider definition for TM as the â€Å"function required to maintain appropriate allocation of time to the overall conduct of the project through the successive stages of its natural life-cycle, by means of the processes of time planning, time estimating, timeRead MoreEssay on System Development Life Cycle1231 Words   |  5 Pagesï » ¿ System Development Life Cycle Irene Anderson CMGT/582 - CIS Security and Ethics June 23, 2014 Krystal Hall System Development Life Cycle â€Å"Both risk governance and regulatory requirements emphasize the need for an effective risk management plan. And to effectively manage risk, it is important that definitions of the risk management plan objectives are clear from the start, so that the plan can head in the right direction. Risk management of information assets also provides a strong

Reasons For The American Revolution - 1574 Words

There are many reason for the American Revolution; however, I broke them up into four major groups: economic causes, ideological causes, strategic causes and political causes. The Proclamation Line of 1763 prohibited American settlement west of Appalachians, protecting Indian fur trade with Britain but limiting American settlement and land speculation. The British government sought to curtail American smuggling and avoidance of British mercantile regulations and customs duties. It also sought to tax Americans to help pay cost of maintaining 10,000 British regular army troops in America and help with the war debt caused by the French and Indian War. Although not high compared with taxes in Britain itself, these were the first taxes†¦show more content†¦Included in this American ideology was also a strong suspicion of regular armies, an anti-standing army ideology that emphasized reliance upon a militia of citizen-soldiers as opposed to hired regulars. A hired army was seen expensive, loyal to the government that paid it, and as seen under military dictators, from Caesar to Cromwell, an instrument of tyranny. Anti-standing army ideology was powerful ly reinforced by the quartering of British regulars in people’s home during the French and Indian War and then in 1770 by the Boston â€Å"Massacre,† in which after being taunted and pelted with ice balls and stones, a squad of British soldiers, guarding the customs house opened fire, without their officer’s orders, killing 5 Americans, including a free black man named Crispus Attucks) and wounding several others. Sam Adams had silversmith Paul Revere engrave a poster blaming the British soldiers for perpetrating a â€Å"massacre† against innocent civilians. The poster was circulated throughout the colonies as propaganda to gain sympathy for the New Englanders’ position and bolster fears of British tyranny and the threat to American lives as well as their property. The elimination of French power in North America in 1763 made Americans lessShow MoreRelatedThe Reasons For The American Revolution992 Words   |  4 PagesAlthough the outcomes of the American Revolution only affected rich, white landowners at the time, it unknowingly provided the stepping stones that will later create equality and liberty for all people in the United States. This historic revolution provided a representative democracy in which future generations may pass or amend laws based on the people’s needs; a radical thought at the time. Other countries since then, such as France and Haiti, have followed the footsteps provided by America inRead MoreReasons For The Revolution Of The American Revolution2327 Words   |  10 PagesCircumstances that lead colonists to the American Revolution The American Revolution was one that was not started in a day, a week, or even a year. Rather, there were many actions taken and many circumstances that led the colonies toward a revolt. The clashing of colonists and the British caused ill feelings and tensions that built up to violence in some cases. Though the most important of those many factors may be debated, there are 3 that can be broken down to show their significance. The repressionRead MoreThe Main Reason The American Revolution Was Caused Was1395 Words   |  6 Pages The main reason the American Revolution was caused was because the tax of the colonists by the British, in which led the end of the seven-year war of the French and Indian. This issue was more engaged in the North more than the South because of their politician differences. The people that were business leaders, politicians, etc, did not like the situation that was going on they had their particular economy and political interests in enlightenment just to get people the big massesRead MoreAdvantages and Reasons Why the American Colonists Won over the British in the American Revolution1257 Words   |  6 PagesAdvantages and reasons why the American colonists won over the British in The American Revolution During the American Revolution, The British and the American colonists had many difficulties and challenges to overcome. Both sides had great disadvantages and advantages, but the in the end the colonists had the most advantages and won their independence from the British. Some of the most important reasons the colonists won was that they were fighting on their own continent and knew the land betterRead MoreThe Battle Of The American Civil War905 Words   |  4 PagesThe American Civil war occurred about seventy-eight years after the American Revolution, and has many of the same characteristics of a revolution. In both wars, the American people fought for what they believed in and the way of life that they wished to live. However, the two wars differ from each other, as the soldiers that fought in the Civil War fought a new American Revolution that could have split the new world. The Confederate soldiers in the Civil War fought to keep their way of life withoutRead MoreCauses Of The American Revolution718 Words   |  3 Pages The American Revolution took place from 1765 to 1783. There are many well known reasons for the start of the American Revolution like king George III trying to impose tyranny over all the people by heavily taxing the American people and also the problem with trying to control people from the other side of the world. But there is one reason that is often not mentioned, and that is the American Revolution was also fought to preserve slavery. At the time slavery was a normal thing and to thinkRead MoreSavannah Whiting, Carson Lilley, Kennethan Heng . Mr. Porter.1168 Words   |  5 Pagesthree eras of revolution showcase various changes and continuities. The three-hundred year span features revolutions that started because of an assortment of different reasons, while many of them are practically duplicates in their results of the conflict, such as a government being abolished. Although these revolutions present diverse changes over time, the essence of almost every revolution in all three time periods reveals significant continuities between them. The European Revolutions of the 1700sRead MoreWhat Factors During The Colonial Period Essay1636 Words   |  7 Pagescolonial period led to American colonists declaring independence from the British Empire? Be sure to discuss the economic, political, and cultural aspects of the American Revolution. PROVISIONAL HYPOTHESIS: The structure of America revolution to address a various issue, which has great impact on America It, was the procedure where the thirteen colonies of North America became independent of Great Britain also then formed a new integrated government. The major reasons of America revolution are cultural, economicRead MoreThe American Revolution Essays1027 Words   |  5 Pagesthe of the American Revolution .During the American Revolution the Seneca people had a critical role. The 3 three Seneca Chief’s , Big Tree, Corn Planter, and Half Town wrote a letter to them asking George Washington to stop killing their people. Some of the Seneca people joined the British, an interesting fact. Who were considering a revolution despite the fact that Native American’s didn’t do anything ? After the research that been done, it can be proven that the American Revolution was actuallyRead MoreThe Causes Of The American And French Revolution742 Words   |  3 PagesBoth the Amer ican and French Revolution were times when the people were tired o f being pushed around and rebelled against their own government to try to make it better for the people. The American revolution came before the French Revolution happened. The French Revolution was based on the American revolution. The leader of the American revolution were George Washington, Thomas Jefferson, Benjamin franklin, and John Adams. The leader of the French Revolution were napoleon Bonaparte. One cause

An Argument For The Death Penalty Essay - 1173 Words

The death penalty has become one of the more controversial discussions in America. There are two different perspectives when it comes to this controversial subject, the pros and the cons; people in America are either against the death penalty or for it. The common saying â€Å"treat others how you wanted to be treated† plays a vital part. I truly believe if a person is big enough to kill someone on purpose and take away not only a family member but a life as well, they are big enough to face death themselves. It is important to understand that, a person who kills an innocent human being for whatever reasons there are, is taking a life. The death penalty should continue in today’s society because of three important reasons; decreasing the†¦show more content†¦Seeing that the highest execution rate in 1999 was totaled to be 98 executions, the number has dramatically decreased to 35 in 2013; including only 32 states that are still death penalty states, and 18 non- death penalty states (â€Å"Facts About† 1). Majority of the race victims in the death penalty cases are white with 76 percent, the blacks are next with 15 percent, and then Hispanics with seven percent (â€Å"Facts About† 1). Race plays a large role when it comes to the death penalty. Being a certain color can in fact either save your life or end it. According to a comprehensive study of the death penalty prepared in North Carolina; â€Å"the odds of receiving a death sentence rose by 3.5 times among those defendants whose victims were white† (â€Å"Facts About† 2). Another study done in California establishes that those who murdered Caucasian people are three times more expected to be sentenced to the death execution than those who killed black people, and are over four times more likely than those who killed Latinos (â€Å"Facts About† 2). Location can affect the amount of executions as well. Out of the South, West, North, and East; the South h as the highest murder rate and is accountable for 80 percent of the executions today. While the Northeast has the lowest murder rate and has less than one percent of the executions (â€Å"Facts About† 3 ). â€Å"Americans spend $60 billion a year to imprison 2.2 millionShow MoreRelatedA Argument Against The Death Penalty1647 Words   |  7 Pagespunishable by death or life imprisonment without the possibility of parole when specific â€Å"Special Circumstances† of the crime have been charged or been proven in court. It is possible though to be released by the parole board after a minimum of 25 years if they feel you are worthy. The death penalty is a topic that the United States is divided on. Currently there are 31 states with the death penalty and California is on that list. In 2012 a ballot was proposed that would appeal the death penalty as theRead MoreEssay on Argument For the Death Penalty1310 Words   |  6 Pagesdozen recent studies, executions save live s. For each inmate put to death, the studies say, 3 to 18 murders are prevented.† Therefore, the death penalty must be upheld in the United States of America in order to protect its citizens and to properly enforce justice. The death penalty ensures fair retribution for the loved ones of the criminal’s victim. In 1977, Clarence Ray Allen was convicted for murder after arranging the death of a witness against him in a burglary case and was subsequently sentencedRead MoreEssay on Death Penalty Arguments519 Words   |  3 Pages Many victims of murdered people say that the death penalty should be re-introduced in to our society. They say that the murderer doesnt deserve to live while others argue the point. I will examine the arguments on both sides. If we turn to the bible for some advice whether or not to re-introduce the death penalty we can find help in the Old Testament. The covenant recorded in Genesis 9 says, whoever sheds the blood of man, by man shall his blood be shed. This isRead MoreAn Argument Of Opposition Of The Death Penalty979 Words   |  4 PagesAn argument in opposition of the death penalty is the cost. The word â€Å"cost† is affiliated with more than one meaning. There is the numerical value or the estimate the price of a specific piece, this piece being the death penalty. The other is the moral value which pertains to the victims and criminals emotional thought process. Dealing with the cost aspect first, many states confirm that the cost to put a criminal to death via the death penalty, is substantially more than if the criminal wereRead MoreArgument For And Against The Death Penalty1051 Words   |  5 Pagesreasonable. For this assignment, I will be arguing for and against The Death Penalty. When it comes to a topic such as The Death Penalty, many individuals cannot fathom the idea of putting another human to death because it is not permanently in out nature to want to kill. It is quite easy to grasp the fact that the physical method involves executing an individual for their criminal actions but in the same sense, emotions that follow a death sentence are beyond one’s comprehension. Although this type ofRead MoreArgument Against The Death Penalty1247 Words   |  5 Pagesnot willing to demand a life of somebody who has taken somebody else’s life is simply immoral.† When considering the issue of capital punishment, many arguments are made in favor of proponents and abolitionists. There are utilitarian arguments, retributive arguments, and egalitarian arguments. Utilitarian arguments argue against the death penalty, for they look to punish criminals for the benefit and the â€Å"lesson learned† from the punishment. They believe that this is the most effective form of deterrenceRead MoreDeath Penalty Argument Essay1983 Words   |  8 Pagesï » ¿Brittany Sayles English 100/ Gianunzio May 23rd, 2014 Research Essay: Rough Draft Death Penalty: Unlawful An ancient proverb provides that â€Å"an eye for an eye, a tooth for a tooth†, while the Code of Hammurabi in the 18th century B.C. likewise says that â€Å"if a man put out the eye of another man, his eye shall be put out, if he break another man’s bone, his bone shall be broken.† These moral principles are the foundation of capital punishment. For centuries, the laws of many states adhere to andRead MoreDeath Penalty Argument Essay683 Words   |  3 PagesThe Death Penalty A society operates around communities of people who work together and do their part to form a functional place to live. Many people benefit from others throughout society without even knowing it. Society functions and benefits from people doing their part to keep our community safe and people benefit from society as well, but there is an exception. Criminals who have committed a crime that has placed them in prison for the rest of their life, without the possibility of paroleRead More Argument Against the Death Penalty Essay3418 Words   |  14 PagesArgument Against the Death Penalty Life is sacred. This is an ideal that the majority of people can agree upon to a certain extent. For this reason taking the life of another has always been considered the most deplorable of crimes, one worthy of the harshest available punishment. Thus arises one of the great moral dilemmas of our time. Should taking the life of one who has taken the life of others be considered an available punishment? Is a murderers life any less sacred than the victimsRead MoreA Valid Argument For Abolishing The Death Penalty2243 Words   |  9 PagesLindsey Hogan Professor Reynolds English 321 July 22, 2015 Determinism: A Valid Argument for Abolishing the Death Penalty? In 1940, Lawrence Bittaker, an infamous serial killer from the 1970’s, was born to two unloving parents in Pittsburgh, Pennsylvania. He was adopted but eventually left abandoned by his adoptive parents who could not put up with him anymore (Chojnaki, M. Danz, E. p. 1). By the age of 17, Bittaker dropped out of high school, never to obtain his GED. From the ages of 21 to 26

The Energy Crisis Of Oil Essay - 1320 Words

In order to fulfill his desires, man will abuse environmental supplies to a great extent, consequently indorsing his environment to lose its natural ability of supporting mankind. Our voracious craving for gnawing away at the Earth’s natural resources is growing prodigiously. Perhaps our most keen appetite is for oil, the blood of the earth. Similarly, to humans, when blood is removed from the body without being replaced, a treacherous situation surfaces. This situation currently deals directly with oil depletion. Oil is a standout amongst the most essential fuels available in today’s culture. It is a finite resource, incapable of being reproduced in human frames, however, mankind voluntarily ignores this information and continues to consumed it at an unstable acceleration. Peak oil has been looming on the horizon for decades. It is used to describe the global maximum in crude oil production which is predicted to occur in the near future. Once this maximum has been r eached, global oil production will begin to forever decline afterwards, leading the world into a catastrophic energy crunch that could cripple our economy. Oil will become more difficult to extract, therefore making it more expensive as nations compete for the declining supply. The failure of economies to adapt to the staggering cost of oil will eventually kill off every endeavor by the economy to develop, and cause semi-permanent depression. Unfortunately, individuals cannot simply suck oil out of the groundShow MoreRelated Modern Energy Crisis Cause by Oil Companies Essay855 Words   |  4 Pagesit seems that energy prices have skyrocketed. Not long ago gas prices were a dollar seventy-five, but now it is almost four dollars a gallon. These days gas and energy prices seem to be a weekly topic on local and national news. Every time there is some type of fluctuation, it causes chaos, because it is probably a difference of ten cents and sometimes more. So that raise you received, ju st throw it right out the window because it is not doing anything for you except paying your energy bills and puttingRead MoreOil Crisis : An Essential Element Of Our Modern Community1390 Words   |  6 PagesOil is an essential element to our modern community. People need oil to fill up their tanks for their car, light up their light bulbs at home, and much more. Most of the world’s oil have got imported from the Middle East, in Arab countries. The oil crisis has led America on the road of not depending on other countries imported goods, and try to create their own with their own resources, this is one reason why America is the top economy country in this world. In American history, Americans recognizeRead MoreEnergy Crisis Essay example1131 Words   |  5 PagesGLOBAL ENERGY CRISIS: THEN AND NOW Global Energy Crisis: Then and Now Introduction The world today faces an energy crisis. The world is dependent on certain natural resources like oil and natural gas that are quickly depleting. These resources are being imported from countries that have the ability to set higher prices due to demand (Nef 1977). Because of this, the world faces a great recession, and like Britain in the second half of the 16th century, we need to find alternative sourcesRead MoreUnited States Energy Crisis During 1970 Essay examples1271 Words   |  6 PagesThe energy crisis of the 1970’s caused authorities to search out other renewable sources of energy, which currently remain undeveloped and keep the U.S. today generally dependant on foreign fuel. According to Merriam Webster dictionary, a crisis is a â€Å"difficult or dangerous situation that needs serious attention.† The energy crisis of the 1970’s produced a backlash that affected much of the economy and spread fear and panic over the United States. Energy Crisis (1970’s) states that the crisis officiallyRead MoreThe International Energy Agency Is A Paris Based Autonomous Intergovernmental Organization1512 Words   |  7 Pages The International Energy Agency is a Paris-based autonomous intergovernmental organization, an international energy forum under the Organization for Economic Development and Cooperation (OECD) . Established in 1974, the IEA was developed by major oil-consuming nations as a response to the 1973-74 oil crisis, initially designed to help the country members coordinate a collective response to major oil supply disruptions – a role that continues to be fulfilled to this very day. Over time the IEA hasRead MoreGlobal Oil Crisis1508 Words   |  7 Pagestalk about world energy source issues, everyone shows concern because the oil prices are increasing all the time. In addition, energy sources are depleting and will be exhausted one day. This phenomenon is called â€Å"the global oil crisis†. According to a theory by King (1956), all nations around the world will face an oil production crisis following a bell shaped curve based on the limits of exploitability and market pressu re. Of course, not every nation will be faced with â€Å"Peak Oil†, it is based onRead More OPEC Power: Past And Present Essay1676 Words   |  7 Pages nbsp;nbsp;nbsp;nbsp;nbsp; In this paper, I am going to discuss how the oil cartel known as OPEC (Organization of Petroleum Exporting Countries) impacted the United States economy in the 1970’s, how the effects of this are still felt today, and how their power should continue to influence our thinking where foreign policy and energy policy are concerned. First I will explain what OPEC is, its history and how this concerns every citizen in the United States. Then I will discuss how leadersRead MoreThe Energy Crisis Of 19791422 Words   |  6 PagesEnergy is a daily consumption that everybody uses in their daily lives. As a nation, we as modern people in the United States rely heavily upon energy sources such as oil, wind, thermal, natural, solar, hydraulic, etc. During the 70s, energy was a booming industry that everybody wanted to be a part of. This industry affected people s way of living and everyday use of technology such as house appliances, automobiles, industry, and city power grids. During this era, an energy crisis occurred whichRead MoreOil And Natural Gas Is An Indispensable Part Of Human Beings1465 Words   |  6 Pa gesConventional oil has become an indispensable part of human beings’ life. Agriculture need oil, cooking needs oil, driving needs oil, producing products also needs oil, we need conventional oil for everything. However, since human beings did not fully consider the use of non-renewable, environmental damage of oil and the social costs, people are over-rely on oil and uncontrolled product and consume of oil has caused too many problems, for example, economic problems, environmental populations and militaryRead MoreThe Oil Crisis Of Arab Petroleum Exporting Countries926 Words   |  4 PagesThe 1973-1974 Oil Crisis was a result of a myriad of issues. The Organization of Arab Petroleum Exporting Countries (OAPEC) took concerted action in continuously reducing their oil production â€Å"until their economic and political objectives were achieved.† The production was reduced so much that in some areas the oil prices dramatically rose â€Å"six-fold.† The OAPEC coun tries production cuts disrupted the industrial countries’ necessary oil supplies and there was nothing that could be done to alleviate

Comparative Essay- Romeo and Juliet vs West Side Story free essay sample

?Romeo and Juliet and ? The West Side Story are both movies based on William Shakespeares play. They are very similar in many ways, but different in others. It is about two teens that fall in love and see each other without their families knowing, because their families have a feud against each other. I will be discussing the differences and similarities between, Romeo and Tony, Juliet and Maria and finally, the families and the Gangs, which are in the movies, ? Romeo Juliet and ? West Side Story. Event thought they seem different they have the same plot line. Romeo is different to Tony. Romeo is a polite and well-mannered boy who respects his elders and is aware the he is viewed by the public and judged by them, so he is aware of his social standing. Even though he is fourteen, he respects Juliet because he loves her and would do anything to protect her and be with her. We will write a custom essay sample on Comparative Essay- Romeo and Juliet vs West Side Story or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page He is loyal to his friends and family but would defy his family if Is this essay helpful? Join OPPapers to read more and access more than 470,000 just like it! Tony is different from Romeo. Because; he does not care what the public think of him or how he dresses. He was not born into a family of socialites, and does what he feels is right. He is not afraid of speaking his mind in front of people no matter who they are, but if he were to put down someone, he would not do it so openly. Tony does not fight unless he feels it is right or to avenge someones death. Tony is also a respected member of the ? Jets gang because he was loyal and he founded the gang. At eighteen he is no longer a member because he feels he is too sensible for the gang. Juliet is the lover of Romeo. The biggest difference between her and Maria is that Juliet is obviously Italian and Caucasian, whereas Maria is Puerto Rican and dark skinned. Juliet is not afraid to show how much she

Quantitative model for performance evaluate - Myassignmenthelp.Com

Question: Discuss about the Quantitative model for performance evaluate. Answer: Introduction This report consists of the financial analysis of Myer Holdings Limited which evaluates how well company has performed throughout the time. Ratio analysis, share price movement analysis and other financial analysis tool have been used to determine the true performance of Myer Holdings Limited. Present description of the company Myer Holdings Limited is an Australian Departmental stores chain trading in all Australian states. The stock price of company is traded at MYR(ASX)A$0.640.00 (-0.78%). The CEO of company is Richard who takes all the strategic decisions for the company. Ownership and governance structure The CEO of company is Richard who takes all the strategic decisions for the company The Gary Barber is the key persons who work as manager of company (Mayer Holdings Company, 2015). Owner of company Highland Capital management- owned 25% shares Anchorage Capital Group (owned 25% shares) Solus Alternative Asset Management- owned (25%) Other shareholders- Owned- 25% ( Mayer Holdings Company, 2017) Performance ratio analysis of Myer Holding Limited This ratio analysis is used to analysis the relation between two financial data of company (Mayer Holdings Company, 2015). Calculation of ROA and ROE Myer Holding Limited Particulars (Amount in Million 2014 2015 2016 2017 AUD$ AUD$ AUD$ EBIT 142 58 74 23 Net profit 98 30 61 12 Total Assets 1,933 1,887 1,868 1,879.00 Total Liabilities 1,039 1,024 760 806 Shareholders' Equity 893 863 1,108 1,073.00 Computation of Return on assets 1. Rate of Return on Assets 2014 2015 2016 2017 A. Net income 98 30 61 12 B. Total assets 1,933 1,887 1,868 1,879 (A/B) 5.07% 2% 3% 1% Interpretation It is considered that return on total assets of company is decreasing throughout the time. It is not good indicator for the company. Company has decreased its return on assets from 5.07% to 1% since last four years. Computation of Return on equity 2. Rate of Return on Equity 2014 2015 2016 2017 A. Net income available to equity shareholders. 98 30 61 12 B. Shareholders Equity 893 17,981 1,108 1,073.00 (A/B) 10.97% 0.17% 5.51% 1.12% Interpretation It is analysed that return of equity of company has went down by 90% which is not good for the business of Mayer Holding. The rate of return on equity of company has went down to 1.12 % in 2017 as compared to 10.97% return shown in 2014 (Brigham and Ehrhardt, 2013). Computation of Debt to equity 3. Debt Ratio 2014 2015 2016 2017 A.Total Liabilities 1,039 1,024 760 806 B. Total assets 1,933 1,887 1,868 1,879.00 (A/B) 54% 54% 41% 43% Interpretation Company has decreased its debt to equity ratio to 43% in 2017 which is 10% lower than the debt ratio shown in 2014. Mayer Holding Company has decreased its debt ratio with a view to reduce its financial leverage. However, it will eventually increase the overall cost of capital of company. Proving the equation This equation is done with a view to satisfy both sides of formula. Providing equation 2014 2015 2016 2017 Net profit After tax/OE 0.10974 0.034762457 0.05505 0.01118 EBIT/TA*NPAT/EBIT*TA/OE 0.10974 0.034762457 0.05505 0.01118 (Please see the excel sheet for the proper calculation) This equation hence proofed the calculation given above is true and fair. Comparison of share price movement of Mayer Holding with the all ordinary index Comparison of share price movement of Mayer Holding with the all ordinary index It is considered that all ordinary index movement since last two years is negative. However, Mayer holding company has reflected stable share price movement in spite of sluggish market conditions. Therefore, it is good indicator for the company that as compared to movement of share price of all ordinary indexes, Mayer Company has performed very well (Yahoo finance, 2017). All ordinary index share price has very high fluctuation which is negative indictor for the business (Mayer Holdings Company, 2017). Announcements In 2017, Company has reduced its overall return on capital employed and increased its overall cost. Company has no fluctuation in its share price and reduced its capital investment in its own business with a view to save it from the sluggish market condition (Mayer Holdings Company, 2017). Research via internet Stock information and Beta valuation The value of beta is calculated from the data fetch from Yahoo finance i.e. .15 Regression Statistics Multiple R 0.045307898 R Square 0.002052806 Adjusted R Square -0.04330843 Standard Error 310.4423703 Observations 24 ANOVA df SS MS F Significance F Regression 1 4361.39 4361.39 0.045255 0.833495333 Residual 22 2120238 96374.47 Total 23 2124600 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 0.134989975 0.218447484 0.617951611 0.542951979 -0.31804238 0.588022329 -0.31804238 0.588022329 X Variable 1 -8.193293 3.85147E-05 -0.212731339 0.833495333 -8.8068E-05 7.16814E-05 -8.8068E-05 7.16814E-05 The beta value is -.8. The value of the beta is negative as the share price movement of all ordinary indexes is highly negative. Therefore, market premium of company will also be negative. Computation of required rate of return by using CAPM method E(R) = E(R) = Expected rate of return = Risk free rate of return = Beta = Market Risk Premium (Zhu, 2014). Calculation of Required rate of return Risk free rate (A) 4% Beta (B) -8.193293 Market Risk premium (C) 6% Required rate of return [A+(B*C)] -45.16% (Please see the excel) The required rate of return of company is -45 It is negative as the beta of company is highly negative (Mayer Holdings Company, 2017). Determination of conservative investment It is evaluated that company has reduced its return on capital employed throughout the time. In addition to this, company is aggressive in its investment decision. It is diversifying its business by adopting aggressive investment style. Mayer Holding is less interested in plugging back of its profit in its present business due to sluggish market conditions. Mayer Company has very low return in its business. Therefore, in order to increase the value of equity shareholders capital, it has planned to increase its investment amount (Laudon, and Traver, 2013). Weighted Average Cost of Capital (WACC) Cost of equity (calculated above using CAPM Cost of equity (calculated through CAPM) = -45.16% Cost of Debt = 0% WACC = Cost of debt (interest rate after tax) + cost of equity WACC Capital Amount Cost of capital % of portion WACC Equity 1879 0 (It is stated in negative) 0.8548681 0 Debt 319 2.41% 2.41 2.41 Total capital 2198 WACC 2.41 The cost of debt of company is computed after deducting the tax rate of company (Mayer Holdings Company, 2016). Implications that a higher WACC on investment decision After evaluating the WACC of the company, it is evaluated that company has negative WACC in its business. It is evaluated that if company has higher WACC then it will show negative impact while selecting the particular project. In addition to this, Negative WACC will reduce the return on capital employed of company in determined approach. Management of company needs to evaluate that less WACC of company is the good indicator for the investment purpose of company. However, return on capital employed and adopting project investment decision is highly based on the WACC of company. The less WACC more positive it would be for organization. Consideration of debt ratio for the company Appear to stable It is considered that company has reduced its debt ratio throughout the time. However, company has decreased in its overall profit. Therefore, in order to save company from all the negative business factors, company has reduced its debt portion. 3. Debt Ratio 2014 2015 2016 2017 A.Total Liabilities 1,039 1,024 760 806 B. Total assets 1,933 1,887 1,868 1,879.00 (A/B) 54% 54% 41% 43% Company has decreased its debt to equity ratio to 43% in 2017 which is 10% lower than the debt ratio shown in 2014. Mayer Holding Company has decreased its debt ratio with a view to reduce its financial leverage. Gearing ratio discussion It is observed that company has effective gearing ratio of company has increased. The increase in gearing ratio is not a good indicator for the business success. Company has increased its gearing ratio to 48% in 2017 which is 300% higher as compared to data shown in 2014. This gearing ratio reflects how company has managed its business in context with its EBIT and interest payment. Company has strong gearing ratio which is good indicator for the organization (Mayer Holdings Company, 2014) Gearing Ratio 2014 2015 2016 2017 Gearing Ratio 16% 26% 15% 48% Divided policies of company Company has adopted profit based dividend policies. Company has increased its dividend amount on the basis of increased profit throughout the time. In addition to this, it has not given any single amount of dividend at the time when Mayer was having no profit. The dividend policies of company is determined on the basis of profit earned by company and dividend offered to its shareholders. It is considered that dividend policy should be positive as company having strong dividend policies would be highly attracted to clients in market. Letter of recommendation After evaluating the details, data of company, it is considered that Mayer Holdings Company has suffered high amount of loss in its overall profit throughout the time. The net profit of company has gone down by at least 30% since last four years. In addition to this debt to equity ratio has also went down which is good indicator. Since last four year, there is no fluctuation in share price and kept its price stable. IT has offered very less return to its shareholders. After evaluating the results calculated above, it could be inferred that company has maintained stable business which put negative impact on its capital value creation. It has also reduced the value of its core investment. Investor who wants to invest money in Mayer Holding Company can invest, but the investment should be for long run for creating value on their investment. Conclusion There are several financial analysis tools which could be used to evaluate the business performance of company. It is considered that Mayer Holding Company has stable business and offered less return to investors. Therefore, investors who want to invest money in Mayer Holding Company can invest, but the investment should be for long run for creating value on their investment. Now in the end, it could be inferred that Mayer Holding Company has been facing several problems in its business which has resulted to negative outcome for the company. References Brigham, E.F. and Ehrhardt, M.C., 2013.Financial management: Theory practice. Cengage Learning. Laudon, K.C. and Traver, C.G., 2013.E-commerce. Pearson Mayer Holdings Company, 2015, annual report, Retrieved on 29th November, 2017 from https://www.irasia.com/listco/hk/mayer/annual/index.htm Mayer Holdings Company, 2016, annual report, Retrieved on 29th November, 2017 from https://www.irasia.com/listco/hk/mayer/annual/index.htm Mayer Holdings Company, 2017, annual report, Retrieved on 29th November, 2017 from https://www.irasia.com/listco/hk/mayer/annual/index.htm Mayer Holdings Company, annual report, Retrieved on 29th November, 2017 from https://www.irasia.com/listco/hk/mayer/annual/index.htm Yahoo finance, 2018 retrieved on 19h January from https://in.finance.yahoo.com/ Zhu, J., 2014.Quantitative models for performance evaluation and benchmarking: data envelopment analysis with spreadsheets(Vol. 213). Springer