Onstruction Management Finance and Risk Management

RESIT BRIEF

Repeat of the Critical Reflection on the current Financial and Risk Management Practice.

Since this is a resubmission you are strongly urged to read the general feedback as shown in the assessment area of Blackboard and the personalised feedback presented to you as an e-mail of your original submission scanned with my comments shown on the original.

Both of these sources will provide you with significant indications of what was missing from your previous submissions.

The reason for repeating the assignment is that in my view it is essential that you understand and can apply the concepts of financial and risk management and the allied metaphor of the Black Swan to your own decision making within the realm of Financial Management and Risk Management within the Built Environment. It is also important to develop critical reflection skills so that you can evolve and develop within your chosen professions.

YOUR TASK

Critically reflect on you, and your employers organisation, and your country of origini??s attitudes and behaviours towards Financial Management and Risk Management.

If you have NO work experience then you need to analyse you and your country of originsi?? national construction industry and the country of origini??s national economy but this must be made clear at the start of your submission.
You should consider the following questions as a guide i?? but not limited to these questions i?? to preparing your critical personal reflection:

Do any Financial Management and Risk Management Methods, (including Tools or Techniques) work? (How do you know it works?)

Would anyone in your family and organisation (or country) even know if they did not work? (How do you show that it works?)

If they did not work, what would be the consequences (both tangible and intangible)?

If they do work, would they be sufficiently robust (antifragile) to a Black Swan event (The impact of a highly improbable but high consequences event)?

What do you believe should be the Financial Management and Risk Management Methods, (including Tools and Techniques) that you should use in the future for Personal and Organisation (or Country) to ensure continued survival and career progression?

Added on 21.06.2015 05:54
Hello,

My work did not pass and I have to do Resit for this. Please find attached Work and comments by the TUTOR. Also I am attaching Resit Brief for your information. I am sure that you will help to pass this lecture, it is so important for me. thanks

Onstruction Management Finance and Risk Management

YOUR TASK

Critically reflect on you, and your employers organisation, and your country of origini??s attitudes and behaviours towards Financial Management and Risk Management.

If you have NO work experience then you need to analyse you and your country of originsi?? national construction industry and the country of origini??s national economy but this must be made clear at the start of your submission.

You should consider the following questions as a guide i?? but not limited to these questions i?? to preparing your critical personal reflection:

Do any Financial Management and Risk Management Methods, (including Tools or Techniques) work? (How do you know it works?)

Would anyone in your family and organisation (or country) even know if they did not work? (How do you show that it works?)

If they did not work, what would be the consequences (both tangible and intangible)?

If they do work, would they be sufficiently robust (antifragile) to a Black Swan event (The impact of a highly improbable but high consequences event)?

What do you believe should be the Financial Management and Risk Management Methods, (including Tools and Techniques) that you should use in the future for Personal and Organisation (or Country) to ensure continued survival and career progression?

This is a critical personal reflection and should be written in the first person, so using I and We. It is an essay, not a technical report, so proof and evidence of WHY and HOW is more significant than a mere description of WHAT. The assignment requires demonstration of analysis and reflection of attitudes and behaviours, rather than description of practices and procedures.



BRIEF

Risk Management i?? Something Bad Could Happen, Be Smart About the Chances You Take!!

The field of Risk Management is awash with acronyms: ERM (Enterprise Risk Management, PPM (Portfolio of Projects Management), DRM (Disaster Risk Management), BCP (Business Continuity Planning) PRM (Project Risk Management), GRC (Governance Risk Compliance), ECM (Emergency Crisis Management), LUCK (Luck!!!), etc.

They all do essentially the same thing: providing a structured approach to achieving continued existence should risks occur, and avoiding extinction.

The assignment will require you to consider all of the subject content material for this module and to place it into a context that is relevant and specific to you. To do this you will need to prepare a critical personal reflection on a number of questions set out below.

It is important to develop personal critical reflection skills so that you can evolve and develop within your chosen professions
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Added on 14.03.2015 23:40
Task;

Critically reflect on you, and your employers organisation, and your country of origin s attitudes and behaviours towards Financial Management and Risk Management.

If you have NO work experience then you need to analyse you and your country of origins national construction industry and the country of origin s national economy but this must be made clear at the start of your submission.

You should consider the following questions as a guide  but not limited to these questions  to preparing your critical personal reflection:

Do any Financial Management and Risk Management Methods, (including Tools or Techniques) work? (How do you know it works?)

Would anyone in your family and organisation (or country) even know if they did not work? (How do you show that it works?)

If they did not work, what would be the consequences (both tangible and intangible)?

If they do work, would they be sufficiently robust (antifragile) to a Black Swan event (The impact of a highly improbable but high consequences event)?

What do you believe should be the Financial Management and Risk Management Methods, (including Tools and Techniques) that you should use in the future for Personal and Organisation (or Country) to ensure continued survival and career progression?

This is a critical personal reflection and should be written in the first person, so using I and We. It is an essay, not a technical report, so proof and evidence of WHY and HOW is more significant than a mere description of WHAT. The assignment requires demonstration of analysis and reflection of attitudes and behaviours, rather than description of practices and procedures.

You may find the following sources useful in defining terminology:

Nassim Taleb, 2008, The Black Swan and the Impact of the Highly Improbable, Penguin.
Nassim Taleb, 2010, Antifragile, Penguin.
Daniel Kahneman, 2012, Thinking Fast and Slow, Penguin.
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Added on 14.03.2015 23:47
Recomended by Tutor;

Eaton, D. & Kotapski, R. (2008) Business Management in Construction Enterprise. Warsaw University of Technology, ISBN 83-89780-57-7

Burtonshaw-Gunn, S. A. (2008)  The Essential Management Toolbox Tools, Models and Notes for Managers and Consultants , John Wiley and Sons, ISBN 978-0-0470-51837-3.