How Risk and Risk Management is Evolving at Hydro One John R.S. Fraser Senior Vice President‚ Internal Audit & Chief Risk Officer Hydro One Networks Inc. For the Mearie Group Risk Management Conference June 24‚ 2011 Summary of Presentation 1. Hydro One Background (1 – 2) 2. ERM Concepts and Clarifications (3 - 5) 3. Policy and Framework (6) 4. Risk Criteria (Tolerances) (7 – 10) 5. Corporate Risk Profile (11 – 15) 6. Risk Workshops (16 – 21) 7. Business Planning (22 – 25) 8. Conclusion
Premium Risk Risk management Management
1992 budget worksheet. The more he played with the figures‚ the more pessimistic he became. Blake Memorial’s financial health was not good; it suffered from rising costs‚ static revenue‚ and declining quality of care. When the board hired Reid six months ago‚ the mandate had been clear: improve the quality of care and set the financial house in order. Reid had less than a week to finalize his $70 million budget for approval by the hospital’s board. As he considered his choices‚ one issue‚ the future
Premium Hospital Health care Medicine
TWO OF THE FUNDAMENTAL MANAGEMENT TASK IN A BUSINESS 1. INTRODUCTION To have a successful business‚ the implantation of four important tasks/functions within a business namely‚ planning‚ organisation‚ leading and control are crucial for its success. For discussion I will be focusing on planning which is fundamental starting point within any organisation. The benefit of planning is that it determines the goals and plans of the organisation. These goals and plans can be strategic‚ tactical or
Premium Management
STRATEGY • MANAGEMENT • COMPETITION Many of the problems associated with quality programs are the result of increased complexity. The half-life concept‚ a new tool‚ strives to make complexity more manageable. By doing Are There Limits to so‚ learning is accelerated and improvement becomes continuous. TOTAL QUALITY MANAGEMENT? B Y A R T H U R M . S C H N E I D E R M A N plateau. A diagnosis carried out by the 21-member executive group singled out the root cause as lack of demonstrated
Premium Problem solving Quality management
Total Quality Management In Construction The major new element in world market competition is quality. During the 1970’s and 1980’s‚ the Japanese and their U.S. companies demonstrated that high quality is achievable at lower costs and greater customer satisfaction. It was the result of using the management principles of total quality management (TQM). More and more U.S. companies have demonstrated that such achievements are possible Using TQM as a new way to manage. Such companies also found
Premium Management Total quality management Quality assurance
INSE 6230– Total Quality Project Management Fall 2013‚ Instructor: Dr. Chun Wang Assignment 1 Part 1 Short Answer Questions Chapter 1 1. Why is there a new or renewed interest in the field of project management? Project management is very important for a good business because it provides the project managers to aim for the success of the project. The computer hardware‚ software and networks have radically changed the work environment. Timing is the important factor in the business
Premium Project management
Total Quality Management Notes UNIT I INTRODUCTION 9 Introduction - Need for quality - Evolution of quality - Definition of quality - Dimensions of manufacturing and service quality - Basic concepts of TQM - Definition of TQM – TQM Framework - Contributions of Deming‚ Juran and Crosby – Barriers to TQM. Introduction The definition of quality depends on the role of the people defining it. Most consumers have a difficult time defining quality‚ but they know it when they see it. For example‚ although
Premium W. Edwards Deming Quality management Quality assurance
Total Quality Management Before studying this chapter you should know or‚ if necessary‚ review 1. 2. Trends in total quality management (TQM)‚ Chapter 1‚ page Quality as a competitive priority‚ Chapter 2‚ page 5 LEARNING OBJECTIVES After studying this chapter you should be able to 1 2 3 4 5 6 7 Explain the meaning of total quality management (TQM). Identify costs of quality. Describe the evolution of TQM. Identify key leaders in the field of quality and their contributions. Identify features
Premium W. Edwards Deming Control chart Quality control
Limitations 1 2 Theory of bank credit risk management 2 2.1 Components of credit risk 2 2.1.1 Definition 2 2.1.2 Types of credit risk 2 2.2 Credit risk analysis and measurements 3 2.2.1 Expert systems 3 2.2.2 Risk Premium analysis 4 2.2.3 Multidiscriminant model 4 2.2.4 Hybrid system 5 2.3 Credit risk management 8 2.3.1 Limits Systems 8 2.3.2 Risk Quality and Ratings. 9 2.3.3 Credit Enhancement 10 3 Credit risk management adopted by ANZ bank 10 3.1
Premium
authors have noted obstacles in the implementation of TQM in HE. These obstacles include lack of agreement on defining customer of HEIs‚ meaning of quality and academic freedom‚ and unique nature of academic processes. According to TQM’s assurance on customer may lead to conflict with those who traditionally have been considered the guardians of academic quality and academic standards. These difficulties underline the required to recognize TQM implementation from viewpoint‚ different from those that have
Premium Education Educational psychology Scientific method