The Next Marco Rubio? Texas Tea Party Republican Ted Cruz Forces Runoff

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What is Risk Management? | ReadyToManage

Risk-taking is part and parcel of business: no risk, no reward. Whatever strategy an organization chooses, each course of action comes with its own expected rewards and risks. Good risk management therefore does not imply avoiding all risks at all cost. However, it does imply making informed and coherent choices regarding the risks the organization wants to take in pursuit of its objectives and particular choices regarding the measures to manage and mitigate those risks.

Definition of ?risk?

But before we continue let?s make sure that the term ?risk? is well-understood. The dictionary defines risk as follows:

?The possibility of incurring misfortune or loss?

Another useful definition is offered by the expert risk management authors Smith and Merritt:

?A risk is the possibility that an undesired outcome-or the absence of a desired outcome disrupts a future work project. Risk management then is the activity of identifying and controlling undesired project outcomes proactively?

Exposure to these ?misfortunes?, occasions of ?loss?, or ?undesired outcomes? generally comes from particular events or what are more commonly called hazards. Some hazards are known and this may lead to considerable care or mitigation. For example, motorways are well-fenced and have no sidewalks to ensure that pedestrians do not easily ?stray? into the path of speeding cars. Similarly, people know that it is not a good idea to take the risk of jumping into the lion enclosure at the zoo.

In general, these more obvious hazards are rarely the major risk problem. It is often the less obvious or even completely hidden hazards that can pose the greatest difficulties. Poorly constructed buildings, old machinery and homemade tools for example can all hide serious hazards that increase the likelihood that accidents or damage/loss can arise.

Determining risk ?appetite?

When leaders determine an organization?s strategy or set particular goals and targets to deal with identified hazards, it essentially balances opportunities and expected rewards against related risks. To perform this vital task well, a given leader should be clear about the organization?s ?risk appetite?. This risk appetite is the determination of which risks a business is willing to take and which ones is it not willing to take in its pursuit of value and rewards. An explicit, comprehensive discussion of risk appetite should therefore form part of any future planned project, process change or strategy review.

Clear and operational definitions of risk appetite form the basis for what is often now commonly called ?Enterprise Risk Management? approach or ERM for short. ERM is mainly concerned with making an explicit determination of an organization?s tolerance of risk in all of its major decisions. For example, when does a company start to feel uncomfortable if the percentage of its revenues generated by just its four or five biggest clients rises continually or even becomes dominant? Another example may be a company which experiences 10% (and growing) product returns from customers-at what point does this become too big a risk ?to overall customer satisfaction, company costs or general reputation? In both of these cases, one company may have a completely different tolerance of risk to another but this needs to be explicitly understood and capable of change when circumstances require it to do so.

So what is risk management?

Assuming that we well-appreciate the concept of risk, hazards and risk appetite, risk ?management? is then simply the particular effort made by a given company to control its identified risks. Once assessed, efforts may be made to eliminate, mitigate or retain/live with the risk.

Risk elimination (perceived to be the best risk management approach) is often much more possible than many people think because many risks are ?introduced? by particular decisions and can be ?un-introduced? or removed by different decisions (especially if the leader or manager that introduced the risk is the one responsible for making the decision to avoid the risk).

Although elimination may appear to be the best solution or answer to all risks, complete avoidance also means losing out on the potential gain that accepting (retaining) the risk may have allowed. For example, not entering a business to avoid the risk of loss also avoids the possibility of earning profits.

Risk Mitigation, or what is often called ?treating? the risk in some way, is essentially concerned with lessening the impact that a particular risk might have. In considering this strategy, we have usually accepted that the risk cannot be readily avoided or transferred and are therefore now only trying to keep the expected loss or damage to acceptable levels. ?Of course, ?acceptable? is a subjective term and has to do with how much risk the organization may be comfortable in taking from task to task or project to project. However, in all cases, the aim is to either lower or increase the likelihood (depending upon whether the risk is positive and negative) and/or decrease or increase the impact. In most cases, mitigation involves achieving a reduction of the risk impact. This means that our mitigation strategies should either reduce the probability that the risk will occur or lessen the overall severity (damage or loss) experienced.

Risk Retention or tolerance means that the risk cannot be eliminated or even mitigated readily so a business may only be left with living with the risk. The response may be to do nothing (and accept that the likelihood of occurrence is very low and/or the impact if it did is very minor), or take steps to protect people from the risk. A good example of the latter is the use of personal protective equipment such as a hard hat or steel-toed shoes etc. Ear plugs are another example where the risk of noise may be unmitigated but the individual is protected from harm (provided they wear their earplugs).

Summary

In the final analysis risk management is a strategy that will vary greatly from one company to another. However, the approach of understanding the hazards, determining the ?appetite? for risk and then looking to manage each risk individually is a common one.

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Spotify Plays Can Increase iTunes Sales. Here?s Proof!

Despite fears that streaming access cannibalizes sales, classical music record label X5?tells me when it launched an app within Spotify and saw streams of one album increase 412% in a month, that album's iTunes sales shot up 50%. The Swedish label's "The 50 Greatest Pieces of Classical Music" soon reached #1 on the iTunes Classical charts, and broke into the iTunes Top 200 album charts for the first time, hitting #152. The stats back up claims by some record labels and Spotify's CEO Daniel Ek that there's no evidence of Spotify or other streaming services negatively impacting music sales. More data like this could encourage artists and labels to promote their streaming music presences, and push acts like The Black Keys and Paul McCartney who've pulled their catalogues from Spotify to come back.

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On anniversary of Bin Laden's death, Romney says he would have given the order

Controversy has swirled over a earlier comment by the candidate that he opposed sending troops into Pakistan.

Once a moment of national unity, the political battle over Osama bin Laden's death intensified Monday as presumptive Republican presidential candidate Mitt Romney sought to minimize the role President Barack Obama has carved out for himself in killing the terrorist leader.

Skip to next paragraph

The president's re-election campaign has raised questions about Romney's willingness to assassinate the mastermind of the 9/11 attacks on New York and Washington. Obama authorized the U.S. military raid in Pakistan that ended with bin Laden's death after a decade in hiding one year ago this week.

Romney pushed back Monday, saying "of course" he would have made the same decision.

"Even Jimmy Carter would have given that order," Romney said, referencing the former president in his answer to a reporter's question after a campaign appearance in New Hampshire.

Romney was scheduled to appear Tuesday in New York City with firefighters and former Mayor Rudy Giuliani to help mark Wednesday's anniversary of bin Laden's death. Obama and his national security team will be featured in a NBC prime-time special Wednesday night that reconstructs the operation from inside the White House Situation Room.

Obama said Monday that the anniversary is a time for reflection, not celebration.

"I hardly think you've seen any excessive celebration taking place here," he said at a White House news conference. "I think that people, the American people, rightly remember what we as a country accomplished in bringing to justice somebody who killed over 3,000 of our citizens."

But Obama is using the successful military operation to help maximize a political narrative that portrays him as having the courage to make the tough calls his opponent might not.

Bin Laden was killed his compound in Abbottabod, Pakistan, by U.S. Navy SEALs after evading capture for nearly 10 years.

Obama sent in the U.S. forces with no assurance that bin Laden was at the site, leading to a heart-pounding scene in the Situation Room that was captured in one of the most famous photos of Obama's presidency.

But Romney and his advisers suggested Monday that the decision to order the raid was an easy one. In evoking Carter, however, Romney may have clouded his message.

Carter demonstrated how dangerous such decisions can be when he ordered an attempt to rescue American hostages held in Iran. The 1980 mission ultimately embarrassed the nation, ending with the death of eight servicemen and the loss of several American helicopters. The hostage crisis lasted more than a year and helped deny Carter a second term.

On Sunday, Obama campaign adviser Robert Gibbs said it was unclear whether Romney would have made the same decision as Obama.

"Look, just a few years ago, President Obama ? then a candidate ? said in a speech that if we had actionable intelligence of a high-value target in Pakistan, we'd go in and get that high value target," Gibbs said on NBC's "Meet the Press." ''Mitt Romney said that was foolish. He wouldn't do such a thing. That he wouldn't move heaven and earth to get Osama bin Laden."

Obama's campaign last week released a video featuring former President Bill Clinton that seeks to reinforce Gibbs' doubts about what Romney would have done in that situation. "Which path would mitt Romney have taken?" the video asks.

Democrat Arianna Huffington, founder and editor-in-chief of the Huffington Post, said the campaign ad went too far.

"I think it's one thing to celebrate the fact that they did such a great job. All that is perfectly legitimate," she said on CBS' "This Morning." ''But to turn it into a campaign ad is one of the most despicable things you can do."

Former New Hampshire Gov. John H. Sununu, a key Romney supporter who was chief of staff in the first Bush White House, said Obama is wrongly taking credit for bin Laden's killing. Sununu said the decision to strike was ultimately made by a Navy admiral.

"It's wrong in taking credit and it's wrong in implying that someone else would not have made the same decision," Sununu said before Romney addressed a crowd on Portsmouth Fish Pier. "There is no way that anyone sitting in that White House would not have at least done what he did."

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Exercise Starts With Knowledge Concerning How To Acquire It ...

Physical fitness means considerably more than hitting the gym in a health and fitness center. To discover lasting results and attain your goals, you should have perseverance and persistence, while also boosting your knowledge and general central entire body energy. Listed below, you will certainly be provided with recommendations that will help make the physical fitness regimen a much better a single.

Make sure to drink lots of water. The body has an inclination to dehydrate quickly due to rapid activity of muscle fabric rubbing towards one another, which generates heat. Your system starts to perspire to great away, which will take drinking water from the physique.

Make amount of time in every day to incorporate health and fitness routines. If you have way too many actions per day without any time for fitness, you will be losing out on some beneficial exercise-boosting time. In case you have a little leisure time during the day, make an effort to include a bit of exercise.

Inclined forwards although mountain biking uphill can help. This distributes the body weight far more equally and helps to keep your top tire straight down on the floor. By inclined rear and raising your front tire you job your own muscles more difficult.

Divided your entire encounter 3 sections. Your speed should be gradual in the beginning, then boost to the standard pace. For the last a part of your run, work as quickly as your hip and legs enables you to. You can improve your common running endurance and the quantity of soil you can include with this method.

Peddling involving 80 and 110 rpm on your own cycle is an excellent tempo to hold. This will keep your pressure away from the knees and allow you to ride more prior to deciding to achieve tiredness. You may establish this rate by using some electronic digital heartrate watches, or simply just by counting the rotations your right lower leg tends to make over a ten 2nd time frame, then multiplying that amount by half a dozen. This is your target RPM.

Make sure you stick to a distinct get each time you exercise. Get started your workout with hand weights, just before moving on to barbells, leaving all device workouts for that stop. An instructor or fitness expert will explain that small muscles is certain to get much more fatigued, quicker than the other larger sized muscle groups when utilizing free weights. As muscle tissue reach tiredness, go on to the devices that utilize the tiny muscle groups much less.

Before beginning counter exercise routines, look into the patches by utilizing finger pressure. Provided you can experience the facilitates underneath the cushioning you need to switch devices instantly. Concentrating on a machine like the one particular explained previously mentioned can hurt your rear.

Consider exercising together with your dog. Human beings aren?t the only real versions who want workout all wildlife do! A large amount of pets suffer from extra weight, so walking with Fido or Fifi is a wonderful way to get in shape while creating a significant difference in the health of your furry friend. A calming walk is the best way to enhance the fitness of you and your beloved partner.

Undertaking lower leg extensions will reinforce your quadriceps. You can get lower-leg models in just about any gym on earth. Locate an unit where one can do lower body extensions, a fantastic exercising to operate for both your calves and legs. The extent of your exercising is sitting yourself down and stretching your lower leg with a certain amount of resistance.

Take control of your inhaling and exhaling if you figure out to make exercise more effective. When doing core exercise routines, like situps or crunches, exhale with pressure once your go reaches the highest point of the representative. The effective exhale leads to your abdominal muscles to contract forcefully, supplying you with additional workout benefits for the very same amount of work.

Conventional exercise routines, like sit down-ups, remain just about the most best ways to strengthen your abs. Stay-ups could be a traditional exercising, but if performed correctly, they may properly enhance your core and boost equally your back and abdominal muscle tissue. Developing a strong and strong core can certainly make every single physical exercise you execute more potent.

Tend not to try to eat right away just before an exercise. If you eat prior to deciding to work out it can cause a challenge in food digestion. As a result, you will get nauseous, vomit, or have looseness of the bowels. As an alternative to eating dinner prior to work out, have a meal after you are completed training.

As stated in the following paragraphs, everyone can get to a level of fitness that will instill personal-pride. It?s a chance to cease simply being embarrassed with how in poor condition you happen to be. When you follow the advice presented, you will end up effectively-outfitted to help achieve your workout goals.

Tips Which Will Help You Get Fit Today!

Good health and fitness implies keeping a healthy entire body that really works the way it ought to, along with sustaining a good state of mind. Not only will good fitness allow you to stay in very good actual physical condition, but you?ll discover it also improves your mental condition. Read on for a few approaches that will help you finish the have a problem and start getting fit correctly.

Consider your kids to play, it can be a good way to get going. You can engage in engage in physical activity together with your children by chasing after them, playing a game title of tag, obtaining on the play ground gear with them, or possess a loved ones bicycle journey. Staying lively assists your children.

More compact muscle tissues get tired speedier instead of larger sized muscle groups. Use portable hand weights initial, then barbells then devices final.

You must work on fingers and eyesight co-ordination for volleyball. Foosball is a fantastic method to develop these skills, and is also most likely a very important factor which you have not regarded as. It will require hands-eyes co-ordination and also other important capabilities as a way to overcome an opponent. Should you be ready to build these expertise, you may enhance your volleyball and foosball video game.

m. m. Ease with it slowly by starting up every day only quarter-hour before you decide to usually do, and invest that period of time of your time to a go walking, a good hop rope, or perhaps a gentle cardiovascular routine. This will obtain your time away and off to a fantastic start off, and will assist you to end up in the habit of smoking of training while you wake up.

Because they build more robust ab muscles, you are going to enhance your all round fitness level. Do rest ups when you get up, you should use dumbbells or otherwise not. Your again energy and all round overall flexibility begins with proper belly training.

Make sure to stick to a certain purchase each time you work out. Commence your exercise routine with hand weights, just before moving forward to barbells, by leaving all unit workouts for your finish. A mentor or fitness expert will tell you that smaller sized muscles will receive far more worn out, quicker than the other bigger muscles when you use free weights. As muscle tissues get to tiredness, go on to the machines which use the tiny muscle groups less.

Drink lots of water. The rubbing a result of muscle tissue fibres moving previous each other creates temperature, which dehydrates your system. Once you begin to have warm, your body will perspiration to take out this warmth, and this will a bit dehydrate you.

Though you will have to make some modifications, don?t hold off getting back to your workouts for days on end after a muscle mass injuries. Do small and soft exercises and never act as hard. Small workout routines support stretch out the injured muscles get more air and blood flow.

When nevertheless having difficulties to accomplish your required fitness level, buy new exercise outfits so as to improve your passion and self esteem. A reward provides you with determination and assist you to show it off at the gym.

Keep the view around the crest of your mountain, not your toes, when you run up a slope. This will likely open up your breathing passages to make operating easier.

Make your chin up, along with your view at the top when jogging up hillside. This may keep the airways open, and enable for much easier respiration than when you have your mind downward.

Do not consume immediately well before a good work out. By eating prior to exercise it can cause an issue in digestion. As a result, you can find nauseous, vomit, or have diarrhea. Rather than consuming food prior to deciding to workout, consume a dish once you are carried out training.

There are numerous strategies to method an in shape way of life. In spite of this, there are actually stuff that you ought to do and stuff you should not do in your exercise program. Independent health and fitness information from stories together with the advice in this post.

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Change the Shape of This Lamp With the Pull of a String [Beautiful]

Overhead lighting is possibly the least flexible way to illuminate a room. Flip a switch, the bulb goes on, and light shines down. End of story. It you want to switch up the lighting for, say, a little more mood, you're out of luck. Unless you've chosen the impossibly clever Greta pendant lamp, which can throw light onto your ceiling with the pull of a drawstring. More »

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Black hole emits humongous energy burst (+video)

An unusual brightness, documented by NASA's Chandra telescope appears to be coming from a black hole.

A NASA space telescope has detected an incredible energy burst from a distant black hole, an explosion so intense that it boosted the black hole's X-ray brightness by at least 3,000 times, scientists say.

Skip to next paragraph A NASA-hosted news conference in Washington highlights imagery and data captured by the Chandra X-Ray Observatory about the early universe's growth of supermassive black holes in galaxies.

The outburst came from a black hole in the spiral galaxy M83, about 15 million light-years away from Earth. Using NASA's Chandra X-ray Observatory, astronomers found a new object, called an ultraluminous X-ray source (ULX), ?that emits more X-rays than most "normal" systems in which a companion star orbits around a black hole or neutron star, the researchers said.

The observations from Chandra spanned several years, and scientists noticed that the ULX in M83 increased its X-ray brightness by at least 3,000 times.

This surprisingly sudden brightening is one of the largest changes in X-rays ever seen for this type of object, according to the researchers. In fact, ultraluminous X-ray sources do not typically have periods of dormancy. [Photos: Black Holes of the Universe]

In the accompanying image, the left is an optical view of M83. On the right is a composite image showing X-ray data from Chandra in pink and optical data from the Hubble Space Telescope in blue and yellow. The ULX is located near the bottom of the composite image.?

Optical images of the black hole in M83 were taken by the European Southern Observatory's Very Large Telescope in Chile. These images revealed a bright blue source where the ULX is located during the X-ray outburst. Yet, before the outburst, this blue source cannot be seen, the scientists said.

The discrepancy suggests that the companion to the black hole in M83 is a red giant star that is more than 50 million years old. The mass of this object is less than four times the mass of the sun, and according to theoretical models that predict the evolution of stars, the black hole in M83 should be almost as old as this companion red giant star.

The bright blue emission that could be seen during the X-ray outburst could be the black hole's disk brightening significantly as it acquires more material from its companion star, the astronomers said.

Another strangely behaved ULX from a black hole with an old, companion red giant star was found recently in the galaxy M31. These new discoveries in M83 and M31 show that there could be a population of similar black holes that are older and more volatile, the researchers said.

The mass of the ULX in M83 is estimated to be between 40 to 100 times the mass of the sun.

The astronomers also found that the black hole in this system may have formed from a star surprisingly rich in "metals," or elements that are heavier than helium. Based on previous observations, the ULX is located in a metal-rich region.

Large concentrations of metals increase the rate of mass lost from massive stars, siphoning mass before they collapse. This also decreases the mass of the resulting black hole.

Current theoretical models suggest that in regions highly rich in metals, only black holes with masses less than about 15 times that of the sun should form. As a result, the findings based on the ULX in M83 could dispute these models, the researchers said.

Another plausible explanation is that the black hole is so old that it formed at a time when heavy elements were much less abundant in M83, before metals were sprinkled throughout by later generations of supernovas. Astronomers are also investigating the possibility that the mass of the black hole in M83 is only about 15 times that of the sun.

Follow SPACE.com for the latest in space science and exploration news on Twitter @Spacedotcom and on Facebook.

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The Upgraded iPad 2 Has Significantly Longer Battery Life Than the Latest iPad [Apple]

The new iPad might have a gorgeous retina display, but a test from AnandTech shows that its predecessor gets better battery life. More »

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The Best Available Resources On Addiction To Alcohol

You will find a development of the instances of drug abuse. This is the problem that is certainly turn into global concern as addicts are drawn from various parts of the modern world. One area who has seen a rise in variety of drug addicts is Louisville. This is an area that has seen improvement in number of people consuming alcohol along with illicit drugs. However, harm reported cases in this region of individuals abusing pharmaceuticals. Some youths are mixing medicines with illicit ones to have their body stimulated. It is a very addictive habit that is definitely tricky to quit.

Crucial to bear in mind is usually that the procedure for coping with substance abuse is gradual. It is far from something that you can perform in a flash.Where where you can recover is inpatient centers. These are the basic ones that have elongated programs where the patients are going to be required to be admitted for months. During this time, they can be taken through processes that should obtain them quit abusing drugs.

It is always good to generally be keen if you find yourself interested in inpatient doctors in Kentucky. The reason being there are numerous of such centers that obtaining most from a variety of are going to be quit challenging. You need to do a comprehensive research to get the best from the many who you?ll get in your search.When you start your look for remedy center, it is always good to check out a care provider which means that your problem is assessed. This is a good way to be aware of the power of addiction. That is crucial in an effort to apply the appropriate program.

On your own try to find inpatient hospitals, it is great to check on the expertise of the staffs. A superb center is definitely the one who has well trained staff that will deliver quality care to the addicts. Just as one addict you will need additional care which will only be made available from the trained personnel. Choose a center containing properly trained personnel who have learned to handle drug addicts. Carried out good communicators and show genuine feelings towards patients. Carried out accommodating and know how to address the several challenges of addicts.

Before you?ll focus on a selected inpatient rehab center in Kentucky, it is great to call the treatment center and ask about the programs they provide. Determine they can be admitting patients right now. Additionally it is good to check out their experts and professionals. That may look for referrals from top customers. These are stuff you do today to get the best center which will plan for your wants or maybe you will invest your hard earned dollars about the wrong center. You may also utilize internet so that you can obtain the right specifics of treatments centers easily obtainable in Kentucky. This is an excellent platform for comparing the many services each center offers which means you have one that best addresses your complaint.

Services For Addiction Treatment also drug addict programs. Drug Abuse is associated with Drug Abuse Treatment Programs.

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Technorati Tags: addiction programs, drug addict program, drug addict programs, drug addiction program, drug addiction programs, health and fitness, medical, medicine

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Judge Rules You Can't Be (Definitively) Identified by Your IP Address [Torrenting]

Common sense dictates that an IP address is just a number associated with a connection, and not a human being. Copyright crusaders aren't exactly known for loads of common sense and rationality. Thankfully, a New York judge has ruled that an IP address alone is not enough to pin illegal downloads on a specific person. More »

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Bang & Olufsen Beoplay A3 iPad Speaker: A Pricey Dock for Audiophiles

Bang & Olufsen's Beoplay A3 iPad Speaker amps up the audio in a pyramid-shaped dock with three .5-inch tweeters and a two-inch woofer. It's got signature B&O style, and carries the signature B&O price tag along with it.

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InstaGamer for iPhone and iPad review: the classic matching game with photos from Instagram

InstaGamer is a great companion to Instagram that lets you play the traditional matching game with photos from Instagram

InstaGamer is a fun iPhone and iPad game that's just like the classic matching game, only the things being matched are instagram photos. You can play with photos from the popular feed, specific tags, your own feed or photos, or photos you've liked.

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Tiny Table Turns Your Fire Escape Into a Luxurious Patio [Design]

When that spacious balcony in your new apartment turns out to be nothing more than a fire escape, you can make (and enjoy) lemonade with this tiny Sky Deck table designed to securely perch on a handrail. More »

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'Breaking Bad' Season Five Teaser Promises 'Craziest' Yet

There hasn't been much revealed about the upcoming fifth season of "Breaking Bad." We know that it will be eight episodes long, splitting the usual order between this season and a final sixth season. We know that Walter White went darker than ever before at the end of season four, and we know that we're [...]

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Gingrich may ask Romney's help with campaign debt (cbsnews)

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