Risk Training - the Neglected Part of Project Management Essay

Hazard Training - the Neglected Part of Project Management - Essay Example As per the examination discoveries, it can, accordingly, be said that individual degree of hazard resistance might be displayed in pretty much every part of one’s venture. This is on the grounds that the two businesses and people will in general have various observations on hazard resilience. For instance, you may see putting $25,000 in the securities exchange as savvy choice relying upon your level hazard resistance, while another speculator may disregard this venture choice since their degree of hazard resilience might be significantly low when contrasted with mine. Connectively, if $25,000 speaks to an extensive portion of your persons’ pay, you may experience a high-chance factor. Actually, if $25,000 comprises just 10% of the absolute pay, the hazard factor will be irrelevant. Numerous investors’ see financial exchange as a hazardous endeavor because of unpredictability and variance of the stock costs just as the monetary conditions. In this way, such unpred ictability in stock costs may cause the two people to differ intervals of their degrees of hazard resistance. For the most part, people will in general disparage or overestimate the seriousness of characteristic hazard that may thusly open them to unbearable hazard levels. Along these lines, it is indispensable for people to comprehend innate hazard is an elusive factor and consequently apply a suitable procedure to decide their degrees of hazard resilience. For example, polls might be created to assist people with deciding their degrees of hazard tolerance.There are a few factors that impact the degrees of hazard resilience a portion of those elements incorporate; individual wellbeing, age and the probability of recuperating from money related troubles.

Name Micah Delo Essays - Harry Houdini, Spiritualism, Escapologists

Name: Micah Delo Title of Book: The Great Houdini; Magician Extraordinary Creator: Beryl Williams and Samuel Epstein Distributer: Julian Messner Where Published: New York At the point when Published: 1966 Number of pages: 178 1. Who is the subject of the book? The subject of my book is Ehrich Weiss, otherwise called the ?Great Houdini?. 2. What parts of the book made it agreeable? Well I truly loved a portion of his stunts and celebrated departures. I likewise enjoyed the manner in which he and his better half never quit attempting to discover a bazaar or act to play at. They never got down on themselves for not getting a demonstration to play at. 3. Express the subject's most extraordinary character quality. Refer to prove from the book to help your announcement. Houdini's most exceptional character attribute was his perseverence. Once, when Ehrich was urgently attempting to advance the demonstration he called The Houdini Brothers, which was generally ineffective. His disappointments were especially demoralizing with the demise of his dad, not long after the new profession was propelled. He was left with expanded awareness of other's expectations for his family and particularly for his mom. He would not surrender. Some other time he got a demonstration at Tony Pastor's show. Pretty much the best show around. He performed better than he at any point had. At the point when he asked Mr. Minister for an underwriting the man pulled out a piece of paper and composed, ?Satisfactory and fascinating?. He took Mr. Minister's announcement to twelve operators, yet the specialists just gestured and gave it back. He didn't surrender, and h alf a month later he got a challenge to perform with Welsh Brothers' Circus. At last, he didn't get down on himself for getting things done at a market for a large portion of his initial life to get cash to eat and pay the lease. 4. Give straight to the point analysis of the story including explanations behind your announcements. In certain pieces of the book the sentences ran on until the end of time. At the point when I arrived at the finish of them, I saw them as trivial. 5. Compose a rundown of the book. Feature the individual's triumphs and disappointments. Ehrich Weiss was conceived on April 6, 1874. Only a couple of months before the Weiss family had moved to the United States from Hungary. They settled in Appleton, Wisconsin. In Hungary his dad was an exceptionally regarded instructor; however here in Appleton it was extraordinary. Here he was a more unusual and uninformed of numerous things they themselves underestimated. Ehrich took his expert last name from that of the French entertainer Jean Eugene Robert-Houdin. Houdini started his vocation in 1882 as a trapeze entertainer. Later he got popular for his exhibitions of accomplishments of enchantment. He demonstrated incredible capacity in removing himself from binds, ropes, bolted trucks, and obligations of any kind. At one time he had himself tied and them secured a pressing case, which was bound with steel tape and dropped into the harbor off the Battery in New York City. Houdini showed up on the outside of the water in 59 seconds. Houdini credited every one of his accomplishments of enchantment to common, physical impacts. He additionally clarified what number of his stunts were performed. He uncovered the stunts of fake spiritualistic mediums, regularly creating ?spiritualistic? marvels himself that he clarified in nonmystical, physical terms. Before he passed on, Houdini organized a complete trial of mysticism. He concocted a ten-word code that he would impart to his better half, if conceivable, inside ten years after his demise. After he kicked the bucket, different mediums kept up that they had the option to set up contact with him, however none had the option to transmit to his significant other the prearranged code. He left his library of enchantment, one of the most important on the planet, to the Library of Congress. Among his compositions are The Unmasking of Robert-Houdin, Miracle Mongers and their Methods, and A Magician Among the Spirits. A determination of his works, Houdini on Magic, showed up af ter death in 1954. He performed until his demise in 1926.

Blog Archive GMAT Impact What to Do During the Last Two Weeks Before the GMAT

Blog Archive GMAT Impact What to Do During the Last Two Weeks Before the GMAT With regard to the GMAT, raw intellectual horsepower helps, but it is not everything. In this blog series, Manhattan Preps  Stacey Koprince  teaches you how to perform at your best on test day by using some common sense. Application season is here, and many candidates are gearing up to take the GMAT. Are you aware that during the last 7 to 14 days before you take the real test,  your entire study focus changes? Most people have no idea and keep doing more of the sameâ€"trying to fix weaknesses and lift their scores. While that should be your focus up until the last week or two, if you continue to focus on weaknesses during the last length of time, you will not likely be able to maximize your score on test day. Why? You’ve been studying an enormous number of things, right? (Sometimes, it seems like it will never end!) Toward the end of our study time frame, we have to take time to do two very important things: build a game plan and conduct a comprehensive review. To learn how to construct a game plan, take a look at the first part of this article:  â€œThe Last 14 Days: Building Your Game Plan (Part 1).” That article contains a link to the second half, which discusses how to conduct a review of your strengths and weaknesses, as well as your timing and other strategies. Ideally, you will take a full 14 days for this process, but you can compress the activities into seven to ten days if need be. Just do not try to do it all in seven days; you will have to cut down on the amount of review you do to avoid tiring yourself out before Game Day. Good luck and happy studying! Share ThisTweet GMAT Impact Blog Archive GMAT Impact What to Do During the Last Two Weeks Before the GMAT With regard to the GMAT, raw intellectual horsepower helps, but it is not everything. In this blog series,  Manhattan Prep’s  Stacey Koprince  teaches you how to perform at your best on test day by using some common sense. Application season will soon be here again, and many candidates are gearing up to take the GMAT. Are you aware that during the last seven to 14 days before you take the real test,  your entire study focus changes? Most people have no idea and keep doing more of the sameâ€"trying to fix weaknesses and lift their scores. While that should be your focus up until the last week or two, if you continue to focus on weaknesses during the last length of time, you will not likely be able to maximize your score on test day. Why? You have been studying an enormous number of things, right? (Sometimes, it seems like it will never end!) Toward the end of our study time frame, we have to take time to do two very important things: build a game plan and conduct a comprehensive review. To learn how to construct a game plan, take a look at the first part of this article:  â€œThe Last 14 Days: Building Your Game Plan (Part 1).” That article contains a link to the second half, which discusses how to conduct a review of your strengths and weaknesses, as well as your timing and other strategies. Ideally, you will take a full 14 days for this process, but you can compress the activities into seven to ten days if need be. Just do not try to do it all in seven days; you will have to cut down on the amount of review you do to avoid tiring yourself out before Game Day. Good luck and happy studying! Share ThisTweet GMAT Impact Blog Archive GMAT Impact What to Do During the Last Two Weeks before the GMAT When it comes to the GMAT, raw intellectual horsepower helps, but it is not everything. In this weekly blog series,  Manhattan GMAT’s  Stacey Koprince  teaches you how to perform at your best on test day by using some common sense. Application season is fast approaching, and many candidates are gearing up to take the GMAT soon. Are you aware that during the last 7 to 14 days before you take the real test, your entire study focus changes? Most people have no idea and keep doing more of the sameâ€"trying to fix weaknesses and lift their scores. While that should be your focus up until the last week or two, if you continue to focus on weaknesses during the last length of time, you will not likely be able to maximize your score on test day. Why? You’ve been studying an enormous number of things, right? (Sometimes, it seems like it will never end!) Toward the end of our study time frame, we have to take time to do two very important things: build a game plan and conduct a comprehensive review. To learn how to construct a game plan, take a look at the first part of this article: The Last 14 Days: Building Your Game Plan (Part 1). That article contains a link to the second half, which discusses how to conduct a review of your strengths and weaknesses, as well as your timing and other strategies. Ideally, you will take a full 14 days for this process, but you can compress the activities into seven to ten days if need be. Just do not try to do it all in seven days; you will have to cut down on the amount of review you do to avoid tiring yourself out before Game Day. Good luck and happy studying! Share ThisTweet GMAT Impact

Project Management Related Deliverables Business Case Essay

Project Characteristics and Requirements: 1. Increased shipping destinations 2. Cost Saving 3. Time reduction 4. Simplicity of operation 5. Flexibility – ability to expand and adapt Summary of Project Deliverables Project management-related deliverables: Business case, charter, team contract, scope statement, WBS, schedule, cost baseline, status reports, final project presentation, final project report, lessons-learned report, and any other documents required to manage the project. Product-related deliverables: research reports, design documents, software code, hardware, etc. 1. Structural documents These include the documents highlighting the main features of the way the port will be structured to manage many operations. 2. Structural Layout/ drawings/ schematics This refers to the mapping of the whole project and the different locations. Project Success Criteria: The success of the project can be based on some criteria. One of the criteria is whether the project was accomplished within the planned time and cost. The other criterion concerns the output. In this case, if the output matches the expected in terms of the amount of cost saving. If the project generates the required amount, then it was successful. Project Charter Project Title: Relocation of Headquarters Projected Start Date: 01FEB2016 Projected Finish Date: 13JAN2017 Project Objectives: †¢ One of the objectives of the project is to ensure that there is significant cost savingShow MoreRelatedProject Plan For Project Management1342 Words   |  6 Pagesunder the broad direction of the project manager independently with the opportunity for reasonable autonomy and accountability for the achievement of project outcome along with best practices in project management methodologies. The below statement briefly captures my project management skills and qualities that I would like to be bring it across into the project life span to deliver projects within time, resource and budget constraints. †¢ During the project initiation phase, I can work collaborativelyRead MoreRelocation And Merger Of Three Branches Of India Travel Inc.814 Words   |  4 PagesProject Charter Project Name: Relocation and Merger of Three Branches of India Travel Inc., in Mumbai East Date: 21/03/2016 Introduction: India Travel Inc. (ITI) is a company which specializes in escorted luxury and small tour and travel packages for discriminating clients. It operates from three different locations in Mumbai. For the past three years, ITI had been experiencing exceptional growth in this business segment. To take this opportunity to next level, company’s executive team planning toRead MoreWoodys 2000 Project Outline1175 Words   |  5 PagesWOODYS 2000 PROJECT - OUTLINE 1.0 Introduction: The Woody 2000 project came up as a result of a mini boom in commercial construction activities and the intention of the management of Woody’s (real name Custom woodworking Company) to cash in on the opportunity by improving production efficiency by expanding their existing manufacturing space by 25%,including computer controlled automation, improving the facilities by adding air conditioning, a dust free paint / finishing shop with additional compressorRead MoreEssay about Fbi Case Study1297 Words   |  6 PagesFBI Case Study Assignment #1 Table of Contents Executive Summary 3 Project Overview 3 The key issues related to the failure of the project: 4 Resolution 4 Relevance to IT Project Management: 5 Key Takeaways: 7 Research Approach 7 References 8 Executive Summary: The â€Å"Who Killed the Virtual Case File?† case study is a clear example of project failure which resulted on not only balloon the cost of the project, but also loss that could be counted on millions of dollars. BecauseRead More Project Management is an Art Form NOT a Science Essay1174 Words   |  5 PagesProject Management: Art to the Rescue! Is project management more of a science or more of an art form? Introduction Today’s business executives are asking their managers and employees â€Å"to do more†¦ with less†. Fewer Project Managers are leading more projects with poor results, the latest Standish Group – Chaos Report shows that only 28% of IT projects succeed. Many believe that the key to Project success in not applying technical management principles, but rather, more artful soft skillsRead MoreKey Stages Of The Project Cycle1109 Words   |  5 Pagesfour (4) key stages of the project cycle. Your response MUST describe the key activities involved in EACH stage: Stage 1:Initiation: Develop a business case which describes the business opportunity or issue and present to management. Once approved, then commence feasibility study to research the issue/opportunity and possible solutions. Document solutions and decide upon preferred option. Identify objectives and scope of solutions. Document all project deliverables and impact on stakeholdersRead MoreTraditional Systems Development Life Cycle Essay1182 Words   |  5 PagesIntroduction Today, many project managers and organizational leaders grapple with the question, is the traditional Systems Development Life Cycle (SDLC) and the supporting Project Management Life Cycle (PMLC) processes relevant for todays projects? Depending on the level of completeness of the specifics known at the time the Requirements Breakdown Structure (RBS) is developed, a choice is needed to be made as to the appropriate approach to plan and manage the project. Hence, an agile approach couldRead MoreMarketing Analysis : Petro Oil Company1463 Words   |  6 Pagesprovider for consumers that is delivered in a timely manner. However, before any products or services are produced products have to meet the requirements of the company objectives which include satisfying the external economic environment. Petro Inc. deliverables are a major source for countless customers and suppliers. Petro Inc. is a powerful heating and air conditioning company that has been in existence since 1903. The com pany has built its reputation on the invention of the oil burner in CaliforniaRead MoreProject Report On Signal Boosting Using Small Cells Essay1425 Words   |  6 PagesExecutive Summary This project report helps to understand the project on SIGNAL BOOSTING USING SMALL CELLS. The main aim of this project is to enhance the signal strength of a carrier network in areas where there will be low network coverage in and around MSU. This can be achieved using small cells which acts as network boosters. Thus, people can make use of this product despite of low network. Each small cell is able to boost signal of a particular carrier, so different small cells are used forRead MoreSimple Rules : A Successful Within Project Management787 Words   |  4 PagesIntroduction Simple Rules are guidelines to follow to be successful within project management. Having Simple Rules can give the venture a more noteworthy shot of succeeding. 1.1 10 Simples Rules These are ten of the best principles to take after inside venture administration: 1. Be Agile Customary venture administration procedures are turned out to be excessively inflexible, bureaucratic, and tedious for now s dynamic business condition. Truth be told, these philosophies can conflict with IT divisions

The Dystopian Society of Oceania in the Novel 1984 by...

Power over the mind and power over the past are both necessary to ensure power over the population. Both language and power are crucial to controlling the population and since language has the power in politics to mask the truth and mislead the public, one could use them both to increase public awareness of this power. In the dystopian society of Oceania in George Orwells novel 1984, Orwell gives readers a glimpse at how power and language relationship can be used to gain control of the public. In order to display one’s dominance, power is the key factor that should be displayed to gain control over the public. In the novel â€Å"The Party† has the power and control over the population. The Party promulgates the idea that whatever government is in power has the power to control everything that is, that was, and everything that ever will be. The Party seems to be imposing a tension between two different types of discourse, or two different attitudes to the uses of language through which the world is represented to the people of Oceania. Their slogan Who controls the past controls the future; who controls the present controls the past,† is a prime example of how they use language to control the population (p.37). The Party use slogans such as â€Å"big brother is watching† to ensure that there is no deviation from Big Brother’s doctrine. This also gives the party a sort of god-like power because it seems as though they are always watching and will always know when someone sins. OneShow MoreRelatedTotalitarianism In George Orwells 19841028 Words   |  5 PagesUsed in 1984 A dystopia is a society which is characterized by misery, oppression, and unhappiness. Likewise, a totalitarian government neither allow parties to have different opinions nor freedom with a centralized government, therefore totalitarianism and dystopian societies are similar. In 1984, written by George Orwell, Big Brother is a dictator who gives the Oceanian population no personal freedoms and strictly dominates all of the country for their own selfish ways. Unlike Oceania, the UnitedRead MoreSetting The Standards Of A Genre873 Words   |  4 PagesSetting the Standards of a Genre: An Analysis of 1984 George Orwell’s 1984 depicts a society in which all the people involved are gradually losing all sense of individuality. The novel follows Winston Smith, a member of the outer party in this dystopian society. As an individual, he has been forced to believe the rules of the society he lives in. In Oceania, the country in which he resides, people believe what they are told to believe. Everyone follows the strict beliefs of the party and Big BrotherRead MoreGeorge Orwells 19841168 Words   |  5 PagesGeorge Orwell author of 1984 recently made it on Amazon’s list of â€Å"100 books to read before you die† for his widely read novel with thought provoking subjects like: the dangers of totalitarianism, physical control, psychological manipulation, manipulation of information and history, and technology. Through the themes in 1984, George Orwell demonstrates that a dystopian society created by totalitarian rule can infiltrate the minds of its citizens through various mediums. The famous novel falls intoRead MoreAnalysis Of Alan Parsons s Eye Of The Sky 1071 Words   |  5 Pageswas also kind of 1984 syndrome. The album’s theme revolves around a cautionary tale about the loss of individualism. It is all about the ‘Big Brother’ idea, previously touched upon in works such as George Orwell’s famous novel 1984. George Orwell novel 1984 was written to warn us, about the potential danger of facing a society of automatons who will have lost every trace of individuality, of love, of critical thought, and yet who will not be aware of it because of â€Å"doublethink† (1984 –Eric Fromm 326)Read MoreAnalysis Of 1984 By George Orwell1022 Words   |  5 Pagesof the People of Oceania 1984 was written by a British writer and journalist, George Orwell. Orwell created the novel, based off of the main protagonist, Winston, who tries to overcome the malicious obstacles of the politcal regime, is faced with judgements and mistreatments from the Party. One need only to apply the epithet of Big Brother to a government or organization in order to conjure up the nightmarish oppression so vividly portrayed in Orwells most famous novel. 1984 depicts a fictionalRead MoreConsider how the natural development of narrative techniques in George Orwell’s 1984 creates a600 Words   |  3 Pagestechniques in George Orwell’s 1984 creates a theme of individualism verses state. What was the point in writing such an obvious theme, since a dystopia is the prime example of an imperfect world? He uses extremely well-developed techniques to demonstrate the dystopian society. Specifically, Orwell uses symbols as well as the setting to thoroughly contribute to the idea of a tot alitarian state in his dystopian society; the ideas are in symbolic objects, themes, and characters. Orwell clearly suggestsRead MoreThe Role Of Government In 1984 By George Orwells 1984812 Words   |  4 Pages These tactics are very similar to those used in the novel, 1984 by George Orwell. In the novel, Orwell depicts a dystopian society named Oceania (modern day London) where the citizens lives are completely controlled and surveyed by the government. The main character, Winston Smith, after living in the society for roughly forty years, comes to a realization that the government is unjust, and must be stopped. Moreover, in the novel 1984, Orwell argues that the manipulation of minds can lead to ultimateRead MoreEnglish Year 11 Essay1148 Words   |  5 Pagesthe texts you have studied? In your response you should relate to your prescribed text (1984) and ONE related text. Power can be defined as many types ranging from physical, psychological, love, status or government. With power comes great responsibility. If power is not controlled, negative consequences could be developed. This is noticeable through the 2 texts that have been analysed, George Orwell 1984 and Disney Pixar Film WALL E. In both these texts, countless types of power can be extractedRead More1984 Dystopian Essay1254 Words   |  6 PagesAli College Prep Senior English Mr Arcuri 7th September 2017 Why 1984 is a Dystopian novel A dystopian novel is a story relating to or denoting an imagined place or state in which everything is unpleasant or bad, typically a totalitarian or environmentally degraded one. 1984 by George Orwell, is indeed a dystopian novel as it describes a nightmare vision of future society which is opposite to a perfect world. George Orwell creates this image using a few different techniques including, the languageRead More1984: From Socialism to Dystopia1224 Words   |  5 Pages George Orwell wrote 1984 to make a political statement about Socialism (Davison 1). In this novel, the author extrapolates the socialist movements of the 1920s to the point where they control three â€Å"superstates† that make up the world. The novel follows the story of Winston Smith, who is a middle class worker in Oceania, the superstate controlled by The Party. He is a non-conformist, who disagrees with the ideals and the actions of The Party, and decides to take action against it. The Party is the

Newtown Sports Center Marketing Plan - 3132 Words

Introduction Background Information Newtown Sports Centre is a community Leisure facility located within the grounds of Newtown High School. You have been tasked with developing a strategic marketing plan for the centre for the next 3 years. The centre broadly comprises of the following facilities: - 6 badminton court sports hall Activity/party room Refreshment area (vending machines only) Health Suite Large fitness suite 2 floodlit outdoor multi-sports games courts The centre currently operates a varied programme of activities . In general, these include casual hire of facilities (badminton, netball, 5-a-side etc), instructed classes (aerobics, other fitness classes), fitness training, childrens parties, club hire, junior†¦show more content†¦Other public - including directly managed school provision, neighbouring local authority facilities and private contractors of local authority venues. Specifically for Newtown, four main competitors have been identified that are seen as having the greatest effect on income and usage. The competitors and the analysis of their market position tells us the following: - The Swimerama - Council owned with management contracted out to private operator. Fitness gym, but less well equipped than Newtown. Main draw to centre likely to be for swimming pool. Major investment required to centre as a whole. Fountain Health Club - Privately owned and managed. Part of a chain of clubs. Core activity is Fitness, with large range of equipment and classes. Exclusivity of a private club. No sports hall, more expensive. Also has draw of a swimming pool. Premier Soccer Centre - As name suggests, heavily geared towards football. Specialist facility in a niche market. Modern complex, also offers childrens parties. Little attraction for non-footballers. Bayhurst School Sports Hall - Managed directly by the neighbouring District Council, offers a range of instructed classes/ sports and court hire. No fitness gym. Strategic Necessities Strategic Necessities are the basic requirements that all providers will need fulfil to stay in business. These elements are therefore critical to the success of the centre and can be summarised as follows: - A safe environment Good standard ofShow MoreRelatedMock Business Plan - Crossfit5933 Words   |  24 Pages Chris Chapple Business Plan MG 530 4/30/2012 Table of Contents: 1. Executive Summary a. Mission Statement b. Company Information c. Service d. Financial Information e. Future Plans 2. Description of the Business f. Nature of the Business g. Target Market h. How Product/Services Meet Needs 3. Competitive Analysis i. CrossFit Gyms j. Other Gyms 4. Industry Description and Outlook 5. Marketing Plan k. Market PenetrationRead MoreProject Mgmt296381 Words   |  1186 Pages2.1 Time performance 7.2.3.1 Cost baseline development 7.3.2.1 Earned value system (F.4) 7.3.2.4 E.V., performance status report 7.3.2.2 E.V., forecasts 7.3.2.3 EV., to complete index (EAC) 7.3.2.5 Schedule and cost variance Developing a Project Plan 4.2.2 Planning tools 6.2 Sequence activities [1.2] 6.5.1 Bar and milestone charts 6.5.2 Critical path method (.2) 6.5.2.6 Lead and lag activities [6.2.3] F.3 Project duration Chapter 14 Project closure Closure report 4.5.1.4 OrganizationRead MoreCommunication Management Challenges in Construction Project Execution63139 Words   |  253 Pagestools for efficient implementation of construction projects. However, it is through the understanding of the entire process of project management that these specialists can respond more effectively to the owner s desires for their services, in marketing their specialties, and in improving the productivity and quality of their work. The introduction of innovative and more effective project management for construction is not an academic exercise. As reported by the Construction Industry Cost Effectiveness

Importance of Corporate Governance and OECD Samples †MyAssignmenthelp

Question: Discuss about the Importance of Corporate Governance and OECD. Answer: Introduction The assignment focuses upon the importance of corporate governance within the context of a business organization. The organization for Economic Cooperation and Development (OECD) defines corporate governance as relationship among a companys board, management, shareholders and different stakeholders. It provides a structure for setting the objectives of the company and the means of attaining the objectives. The assignment further studies the importance of structural changes within the business context. For the current assignment, the Baby Bunting Group Company Limited (BBGCL) have been chosen which is an Australia based nursery retailer and one-stop baby shop. The company had been found and run as a family owned business organization. However, recently the majority shares of the company had been undertaken by the Government making it a public sector Company. The aim was to provide baby care products to the new born to 3 years of age at affordable prices. It further analyses the legislative requirements and the impact of the same upon controlling the internal procedures within the organization. Requirement of corporate structural changes The changes in the structures and policies of corporate governance helps in meeting with the business objectives of the organization such as protecting company assets from accidental losses, to ensure reliability of financial information, promote an environment where the staff and themanagement can maximize their productivity for the benefits of the organization (Ball et al. 2013). There are a number of reasons based upon which the corporate governance policies of a company or business organization are restructured. Some of these have been discussed within the context of the assignment such as change in management. In this respect, BBGCL have been changing its governance from that of a private retailer store to a public sector undertaking (Babybuntingcorporate 2017). Therefore, the change in ownership called for revision of the corporate governance policies of the company. In this respect, the reduction of the commodities sold by the retail group can incur sufficient amount of losses. Therefore, new policies need to be laid out where adequate resources and funds are provided by the government. The policies and pricing needs to be transparent which will prevent the overseas customer from paying more for the products sold (Too and Weaver 2014). The retail group therefore needs to clearly mention its pricing policies and terms of services and conditions over its w eb portals to prevent any forms of ethical breach. Purpose of corporate governance activities The corporate governance activities can help the board in understanding the overall organizational oversights and objectives. The attributes of the corporate governance helps in analysing the financial risks. The corporate governance framework helps in focussing upon the important issues and deal with them within limited time frame and resources (Tricker and Tricker 2015). The activities of corporate governance help to mitigate conflicts of interest and to ensure that the assets of the company are productively used in the best interest of the investors and stakeholders. The BBGCL may be facing a lot of conflicts within the international market owing to change of power. The governance activities help in upholding the organizational interests (Alexander et al. 2014). This further provides the company with an upper hand over its similar market players. Directors duties The responsibilities of the directors within the context of corporate governance could be described over here as follows. The Board of directors has the authority for resolving matters related to strategic decision making (Young and Thyil 2014). They are also responsible for monitoring the performance of the seniormanagement and employees within the retail outlet. The director plays a crucial role in planning andmanagement of the merger and acquisition activities. In the present context, the directors of the BBGCL need to daft the business objectives and present the governing objectives in front of the government. ASIC legislative requirements The Australian Securities and Investments Commission (ASIC) is an Australian government body that that acts as a corporate regulator that acts as a corporate regulator. Here, the ASIC is responsible for enforcing and regulating the financial resources of the company (Asic 2017). The goal of ASIC is to unite the corporate regulators across Australia. The following legislative requirements as established by ASIC could be followed by BBGCL such as- Promotion of informed participation by consumers and investors in the financial system Administration of law within the business establishments with procedure and hazards Make up-to-date information about the company available to the public Review of current internal control procedures The internal control procedures of the BBGCL have been discussed as follows. Some of these policies have been found to possess loopholes and gaps and needs to be reviewed or modified for the maximization of the organization productivity. Some of these are segregation of duties, implementation of authorisation procedures, maintenance of adequate records and documents, implementation of physical control for safeguarding the assets of the company, conducting independent verifications (Khan et al. 2014). However, there are issues arising with respect to implementation of the authorisation procedures and conducting of independent verification with respect to merger and acquisition. In this respect, BBGCL had been taken over by the government enterprises resulting in chaotic situations where the company cannot conduct internal verifications except in emergency situation. This becomes limitation on the part of the business organization where they cannot practise sufficient autonomy within their own operations. procedures for controlling handling of cash receipts and payments For preventing frauds and errors in the handling of cash receipts and payments a number of risk control methods could be followed. Some of the assessment tools which could be implemented over here are the Risk control Matrix. It serves as the audit plan and identifies the plausible risks that the organizations might be facing. Some of the test control results which had been applied by the BBGCL are use of electronically read barcodes indicating the specificities of the product along with the prices. It helps in accurate regirding of transaction data in much real time across large databases and prevents frauds. Conclusion The corporate governance consists of list of factors and attributes based upon which an organization is controlled and directed. The implementation of the governance policies ensures legal compliance and prevents unlawful activities or behaviour within the organization. The BBGCL follows a one-to-many relationship for establishment of a result between one control test and many control results by application of the control tests against multiple items. The multiple number of options taken into consideration which helps in focussing upon the long term strategies which could be used for mitigating the financial risks suffered by the company. References Alexander, J.L., Smith, K.A., Mataras, T., Shepley, S.B. and Ayres, K.M., (2015). A Meta-Analysis and Systematic Review of the Literature to Evaluate Potential Threats to Internal Validity in Probe Procedures for Chained Tasks.The Journal of Special Education,49(3), pp.135-145. Asic (2017), Asic , Available at : https://www.asic.gov.au/about-asic/ [Accessed on 26 Nov. (2017)] Babybuntingcorporate (2017), Babybuntingcorporate , Available at : https://www.babybuntingcorporate.com.au/about-us [Accessed on 28 Nov. (2017)] Ball, A., Grubnic, S. and Birchall, J., (2014). 11 Sustainability accounting and accountability in the public sector.Sustainability accounting and accountability, p.176. Drennan, L.T., McConnell, A. and Stark, A., (2014).Risk and crisis management in the public sector. Abingdon: Routledge, p.25. Khan, A., Muttakin, M.B. and Siddiqui, J., (2014). Corporate governance and corporate social responsibility disclosures: Evidence from an emerging economy.Journal of business ethics,114(2), pp.207-223. Too, E.G. and Weaver, P., (2014). The management of project management: A conceptual framework for project governance.International Journal of Project Management,32(8), pp.1382-1394. Tricker, R.B. and Tricker, R.I., (2015).Corporate governance: Principles, policies, and practices. Oxford University Press, USA, pp. 15-25. Young, S. and Thyil, V., (2014). Corporate social responsibility and corporate governance: Role of context in international settings.Journal of Business Ethics,122(1), pp.1-24.