Palmetto Springs Case Summary

The following short case will give you a good idea of how risks surface in business and project planning and what companies do about it. Consider that you are the Risk Manager as you look at this case, as it will be a good exercise for the time when you will be that Risk Manager!

MILLERSBURG — Holmes County commissioners on Monday took the first step toward placing a sales tax increase on the November ballot.

Please be advised we have completed our review of Hester’s potential claim against Springhill Village and must advise you that this case does not meet out criteria for accepting a nursing home negligence claim against a facility that is covered under the medical malpractice act.

Many types of risk are created – risk to the project, to the organization, to the employees involved and to the individuals supporting the change.

Working to understand the risks a project may endure along with the cost associated is critical in every project management plan. Understanding potential risks based on the project type, resources needed, timeline and budget still leaves gaps that creates uncertainty for actually predicating the outcome of the project. There is not a true way to predict when and where a project risk will occur but designing a plan to properly address and manage those risks will increase confidence while eliminating the element of surprise.

Mr. Zimpfer has taken legal action against Palm Beach County and these allegations cannot be dismissed. The complaint was filed with the EECO in a timely manner and the EECO will more than likely take action against Palm Beach County unless the county can provide solid evidence that Mr. Merriman was more qualified for the position. Mr. Zimpfer did exactly what he should do by hiring a legal representative who asked a qualified, unbiased psychologist to review all applicants and make a professional decision on who was the best candidate. Dr. Joseph’s findings favor Mr. Zimpfer, which makes Mr. Zimpfer’s allegations more evident, which stated that Palm Beach County did discriminate against him because of his age.

Risk or threat is common and found in various fields of daily life and business. This concept of risk is found in various stages of development and execution of a project. Risks in a project can mean there is a chance that the project will result in total failure, increase of project costs, and an extension in project duration which means a great deal of setbacks for the company. The process of risk management is composed of identifying, assessing, mitigating, and managing the risks of the project. It

Though characterizing herself as such, the United States was never absolutely neutral, and in a case like that of the Great War, it is nearly impossible to remain so. President Wilson attempted to boost the United States’ economy while avoiding suffering the consequences of becoming a nation at war. However, such a plan was easily seen through by the belligerents, and the approach actually backfired, as the belligerents began pestering the States about their interactions, and targeting American citizens and property.

Within that framework, it is important to state that successful project managers mostly differentiate themselves in their ability of addressing, analyzing and managing risks effectively.

Risks management is an important step during the process of a project. Failing to manage a risk may result in unforeseen event happening and a project’s failure. For example, with limited budget, an unforeseen event or an accident occurs in the middle of a project and this matter has not been considered and needs a big sum of expense, then the project may be stopped because of this unexpected event. We should know it is necessary to understand how to identify risks and assumptions based on the information. After identifying risks, it is important for project managers to set contingency plans to prevent and deal with these risks when they occur. Of course, several problems may happen during considering

risks and determine the likelihood and consequence of that risk occurring during the project. The

The B-2 Spirit Stealth bomber was architected in the height of the Cold War with the intended aim to be able to respond to any Soviet Union attack with force within hours of being attacked. The B-2 program at the time was a massive undertaking by the United States and the many defense contractors that were involved in the process to get them delivered to the air force and ready for combat. The B-2 bomber was unique in its use of a flying wing design with the use of the new and evolving stealth technology that was a new field for the time. The intent of employing stealth technology was to permit the aircraft to go undetected by the enemy combatant during its missions. A large portion of implementing stealth technology focused on reducing the

In order to perform project risk management effectively, the organization or the department must know the meaning of the risk clearly. With regards to a project, the management must focus on the potential effects on the objectives of the project, for example, cost and time (Loosemore, Raftery and Reilly, 2006). Risk is a vulnerability that really matters; it can influence the objectives of the project

"Religious leaders and organizations have been powerful lobbies on both sides of the death penalty debate. Those against the death penalty say it is their moral obligation to bring the issue of capital punishment to the forefront of the religious community's agenda. They also argue that it is becoming increasingly difficult for the U.S. to maintain its position as the global leader on human rights when it not only still executes people, but juveniles as well. On the other side of the debate, some religious leaders firmly believe the Sixth Commandment is a prohibition against murder and not a prohibition against the death penalty." 5

The point that Kippenberger (2000) is making in his article titled ‘there’s no such thing as risk free project’ is that almost everything we do in a project involves a risk of some kind – by so saying, it is therefore essential that we are prepared or able to deal with risks. Most literature puts emphasis on the negative connotation that the word ‘risk’ carries. For instance, Chapman and Ward (2003) provide the meaning of risk as: hazard, chance of bad consequences, loss, and exposure to chance of injury or loss. Galway (2004) defines risk as an event which is uncertain and has negative impact, and similarly, Martin (2008: 38) defines risk as the ‘chance of something occurring that has an adverse effect on the project’. This negativity highlights the fact that problems can occur or things can go wrong and it is therefore important to have a systematic approach to managing them. Therefore in project management, risk management is necessary to increase the chances of the proposed project succeeding.