Risk Management Case Study Greenpoint

Risk management is an important element in managing information systems. Applying risk management principals to business procedures is essential because it helps organizations design and maintain a safe systems environment to ensure the confidentiality, integrity, and availability of company data. Kudler Fine Foods has expressed an interest in developing an Enterprise Resource Planning (ERP) system. The primary objective is to improve business administration by integrating stores and business systems. Kudler Fine Foods has three stores in California and integrating business

Growing up in East Austin, one would be accustomed to seeing rundown neighborhoods inhabited mostly by African American and Hispanic working-class families. In the past few years though, the view has drastically changed. Now brightly colored two-story homes housing affluent Caucasian families occupy the once dilapidated areas. The previously desolated lots are now the future sites of lofts and condominiums. The recent changes in East Austin are a clear sign of gentrification. Gentrification is the extremely evident process of displacement. Revitalizing a derelict neighborhood favors the entire community, not just the ones with money. However, revitalization and gentrification

The Third Ward of Houston Texas is a historic district known mainly for two things being rich in African American history and its exceedingly high crime rates. While this part of town has always been a solid representation of African American culture when desegregation occurred all families that could afford to quickly moved to the wealthy parts of the city leaving the district nearly abandoned. Naturally following the abandonment of the district most businesses followed leaving low income residents with little to no job opportunities. A popular phenomenon that has arose recently in urban cities such as these (due to its raving success in cities such as Chicago) is gentrification. Gentrification is the renovation of these high crime low income areas in the hopes of creating a better neighborhood. However, one of the unforeseen side effects of gentrification is the displacement of the low income residents who can no longer afford to live in this nicer neighborhood. Gentrification specifically in Houston Texas is a tool that is may seem valuable however it often disrupts lives, displaces families, and destroys cultures.

When evaluating urban renewal projects, Professor Steven Cord found that “By far most of the housing destroyed was low cost housing,” (184). The statistics in Kelo also showed that 56 percent of nonwhites and 38 percent of whites displaced by urban renewal were qualified to receive public housing due to their low incomes. Further, the destruction of housing forces individuals to seek relocation housing. Relocation housing is not guaranteed to be readily available or to be superior to the housing destroyed (Cord 185). Eminent domain has broken up neighborhoods and forced out longtime residents (Cord 184).

Gentrification needs to stop. People’s lives have been adversely affected by higher income individuals moving into their neighborhood. It happens in really poor, neglected areas where rich suburban people move into those poor neighborhoods and change everything, supposedly making them better. While trying to “better” the community, the new property owners are knocking down houses in neighborhoods like East Austin with great historical value to build higher priced residences, raising the property value which makes low income families struggle to keep their heads above water.

Gentrification is a general term for the arrival of wealthier people in an existing urban, district a related increase in rents and property values and changes in district’s character and culture. Gentrification works by accretion which is gathering momentum like a snowball. Gentrification has been the cause of painful conflict in many American cities. America’s renewed interest in city life has put a premium on urban neighborhoods, some of which have been built since World War II. It tends to occur in districts with particular qualities that make them desirable and ripe for change. Word travels that an attractive neighborhood has been “discovered” and the pace of change accelerates rapidly. An increase in median income and a decline in the

Risk #4: Lack of clarity - The lack of clear and concise goals and or confusion about the goal of the scope.

In Fort Washington, MD has been getting a lot of attention lately for what should be good news such as new local retailers, outlets, MGM National Harbor, and high middle-income white people are moving into a neighborhood that once was a dominated wealthy Black historic community. Therefore, in Fort Washington case gentrification have happened due to the new development in the area that involved higher-income residents, increases home prices and rent, which cause the residents who were rent to move to Charles County. Furthermore, in Fort Washington, MD it was affected by Low-income communities in Washington DC that was being affected by gentrification. While in Washington DC it was an issue with the increase in home values, associated with changing racial demographics and higher incomes in Northern

The resiliency of the impacted community can be improved by creating more areas for flood waters to be contained. Urban planners can assess the areas of Houston that were hit by Harvey or that are most vulnerable to flood damage and designate these areas as parks for diverting flood waters rather than rebuilding them. City officials can also limit new infrastructure development in high-risk

The countryside are continuous beige McMansions and Wal-Marts, while the middle of Houston has an vigorous and for-real arts scene including the largest art car parade in the world. The suburbs are strictly controlled by their unelected 'Homeowner's Association's that make sure everyone paints their house beige and has a nice car in the driveway (in extreme, but common cases). In town, you cant find anymore homeowner associations, no zoning, no controls of any kind beyond basic ticket able offenses like never mowing your lawn (though nothing that says you have to have a lawn if you don't want to!). Now they have began to build 3-6 three story townhomes, attached to each other buy independent structures, on the lots that formerly held a single 1920s-1950s home. Yes, parts of central Houston are approaching European density and higher- most of the townhomes in London have small backyards, the new ultra-dense central Houston neighborhoods have zero or nearly zero land around them at all- only driveway entrances to each unit's 2 car garage that occupies the entire first floor.Central Houston is a mess of adult entertainment shops juxtaposed to the swank homes and handful of commercialized villages filled with chain stores. If you step outside the highland villages or rice villages of the city, you are stuck with dilated

As a result of gentrification, government and private investors began investing in the central cities to clear away slums to reinvest in properties. The process of “revitalizing through reinvestment” caused the lower-class population to move out of the downtown area and into the suburbs, while the upper-class population moved back into the city (Gentrification, Side 2). In addition, the growth of the developed cities led to a movement of industrial and manufacturing production to the developing cities. Consequently, manufacturing, industrial, and warehouses disappeared in downtown Austin, leaving luxury multifamily residences, hotels, restaurants, and parks. For example, the land uses between 2nd and 3rd street along San Antonio and Guadalupe are dominated by a massive parking garage and high-ended specialized goods such a Mexican restaurant, a sports retail, a movie theater, and an art gallery (Smith 2015 map). Because of suburbanization, single-family dwellings departed in central cities and towards the outskirts of the land and closer to the countryside. According to team ten, residential dwellings were “removed” and “replaced” with the rise of services, office spaces, businesses, and parking lots (Team 10 Report). In other words, globalization’s reconstructions altered Austin’s land uses from industrial and non-specialized goods to specialized services and white-collar residents in the developed world. For example, the buildings along Congress Avenue and Brazos Street between 4th and 5th Street (block 42) consisted mostly of non-specialized services such as auto repairs and grocery stores, to where now in 2015, the block is dominated by restaurants, a Mexic-Arte Museum, and a thirty-two story Frost Bank office building (Guevara 2015 map). Similarly, gentrification

Although Houston residents have raised complaints about Memorial’s flooding problem in the past, the city has failed to respond in meaningful ways. Instead, they have let contractors carry on with construction programs that have weakened drainage infrastructure. Plans to fix the damage have continuously been put on the backburner in favor of more construction plans (Foster, Robin). Memorial residents have been offered platitudes and empty promises for years, but now the time has come to stand firm and say: Stop the flooding. Stop letting our homes and businesses be ravaged by the rains. It is time for City Council to step up and address the issue. It is time to focus on fixing this crucial problem facing Memorial. It is time city council to

Chris and I met with the City of Decatur Risk Manager. We asked about insurance coverage for fraud or theft perpetrated by a board member or staff member (namely in the form of writing checks). The Risk Manager said there is currently insurance coverage for Decatur Civic Center employees. The coverage includes employee theft in the amount of $500,000.00 per loss (with $5,000 deductable). However, the Board members are not covered under this same policy. The coverage for the Board is only while acting in legal capacity of Board member. The board members are not covered for fraudulent acts. In the case of a fraudulent act by a Board member, they would be personally liable and it would not be reimbursable by the insurance company.

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One well accepted description of risk management is the following: risk management is a systematic approach to setting the best course of action under uncertainty by identifying, assessing, understanding, acting on and communicating risk issues. In order to apply risk management effectively, it is vital that a risk management culture be developed. The risk management culture supports the overall vision, mission and objectives of an organization. Limits and boundaries are established and communicated concerning what are acceptable risk practices and outcomes. Since risk management is directed at uncertainty related to future events and outcomes, it is