Project Risk Management Essay Example | Topics and Well Written Essays - 250 words - 7

Project Risk Management - Essay Example ting because there are number of inputs into the sample model that are unknown and one technique is to obtain the approximate estimate for each input. The Monte Carlo models and methods use the probability distribution of the inputs and generated random inputs. On the contrary, if the approach used is the probability distribution rather than using the best single estimate or the inputs, it is not that easy and often simply impossible (Pietersz, 2011, n.p.) Risk Assessment Process is defined as the process in which businesses, companies and organizations focus on vital and serious areas of concern and prioritize resources in order to maximize the response and recovery efforts (Michigan State University, 2004, n.p.). In addition, risk management plan will not be more effective and complete if risk response strategies are not suitable in developing the mitigating risks (Ahmed, Azhar & Panthi, 2007, n.p.). The risk response matrix grid is populated by a (+) and a (-) signs because it is very useful in making and finalizing a certain decisions. The Grid Analysis (+) sign describes the number of good or positive alternatives to select from and other factors to consider while the (-) sign is not clear and preferred another option to choose from (Manktelow, 2011, n.p.). Thus, I would prefer to use the Monte Carlo Method as it helps a lot in solving mathematical problems in a fast and easy manner. The (+) and (-) signs that are used in Risk Response Matrix contributes in making decisions confidently, clusters the good ideas from bad ones and lesser the time required when people are struggling to make decision. Ahmed, S.M., Azhar, S. & Panthi K. (2007). Risk Matrix as a Guide to Develop Risk Response Strategies, n.p. Retrieved on December 9, 2011 from http://ascpro0.ascweb.org/archives/cd/2007/paper/CPRT145002007.pdf. Michigan State University: School of Criminal Justice. (2004, February 25). Risk Assessment Matrix (RAM) Process (n.p.). Retrieved on December 9, 2011 from

Critically assess whether a criminal justice system based on Essay

Critically assess whether a criminal justice system based on resolution and restoration would be more effective than the one based on punishment - Essay Example They need a second chance because many have not received even a first chance. Additionally, rehabilitation is by far the best option for them because of the way they would almost certainly be exploited and turned into hardened criminals if sent to prison. This paper will provide further background to the issue of rehabilitating juvenile offenders, and strongly argue that it is the right approach. The justice system fulfills an important symbolic function by establishing standards of conduct. It formally defines right and wrong for citizens and frees them from the responsibility of taking vengeance, thus preventing the escalation of feuds within communities. The system protects the rights of free citizens by honoring the principle that individual freedom should not be denied without good reason. Rehabilitation has as its objective the return of offenders to the community as cured and viable members of society. The rehabilitation efforts of the 1980s and 1990s were to a large extent unsuccessful. No program appeared to be any more effective in changing criminals than any other program, so a sizable portion of the people released from prison continued to return (Murphy 49). This led many to conclude that the best, and possibly only, alternative was simply to remove offenders from the community, precluding any further vexation and exploitation by them. Since criminals are though t to be more likely to commit crimes than those never convicted of a criminal act, it follows that some benefits will be derived from incarcerating convicted criminals. Incapacitation has the greatest potential as a method of crime control if it is a few hardened criminals who commit most crimes. If they can be identified, convicted, and incarcerated for long periods, a significant reduction in crime would be realized. Most advocates of punitive reform have this perspective on the criminal population. Blame for the majority