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Project risk Essay

As part of its management policy, the recommendations of the Committee on Radio-Active Waste Management endorsed that thre is “a need t generate a nuclear power program that will a new and separate process to determine how waste arising can be managed” in a long term scale (GB Parliament House, 2007: p. 75). A research program is also endorsed to investigate outstanding issues such as a deep geological disposal of high level wastes that is acceptable yet achievable. A long term management solution will therefore be enhanced with fool-proof storage solutions.

To address certain solutions and to oversee the delivery of its objectives, Information Technology will greatly aid the identified concerns and objectives. How, and when Through an active risk management system, a central control will provide accountability at the individual levels. Risk coordination can be employed during a day-to-day business. How it identify the risks In the work environment, all steps of development can be carried out including inter-active planning within its environment.

Beginning at the lowermost ranks, information and data can flow through using PPS systems while the planning and management level produces instructions on the basis of information supplied. In the event of an actual risk, like waste leaks

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panic can ensue more vehemently from the public. Communication with the public effectively is one of IT’s active endeavors in order to eliminate fallacies that could further fan out atrocities. Providing an understanding of a technology will lessen the negative effects of risk as the organization tries to remedy its inside problems effectively.

Case 3. Education Building Society (EBS) The building society as a savings and investment organization believed in the social behavior that has a normal capacity to save. The group as a mutual organization run in part by its members conducted surveys over the Irish population and found out revealing data in the savings culture of the masses. In view of such findings, it also encouraged people through conscious ads to save up their earnings and regularly inform them of their earnings in savings.

Among its other projects includes pension planning and encouraging a trend among the working population after finding put that many are keener on borrowing rather than saving. EBS Building Society has therefore made it their while to encourage saving among people and doing more things beneficial through worthwhile project management. Having to pay for the benefit of its members and shareholders, the group offer mortgage to others and encourage savings as part of its projects.

As a service team, the vital role of this group in fact is its significant contribution to Ireland’s development by creating diverse financial services. Every project of the EBS had to be run in different ways based on different principles. It does not run itself as a bank yet operate an ATM card service in cooperation with banking links system. The group also is linked to savings insurance, mortgage among others. Its success depended on the management team the project employs.

There were times when the group is overwhelmed with too many projects which required more individual skills from the team. If unresolved issues continue to plague a team, an influx of projects running at the same time could send the team overboard with the budget. Uncertainties will soon exist as responsibilities multiply. In the past when there was little accountability among the teams heading certain projects, problems arose. Upon recommendation of many experts based on lessons learned through mistakes, the group decided to organize itself before continuing its expansion efforts.

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