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ACCA P1 lectures P1 notes
November 30, 2013 at 9:37 am
Can you please explain what exactly is TARA ?
February 11, 2015 at 10:45 am
Transfer risk to other
Accept the risk
Avoid it altogether if it is severe
October 24, 2012 at 9:09 am
I am unable to open the file i keep getting an error server not found. Kindly upload the video again.
October 24, 2012 at 9:50 am
video works fine, your PC or internet connection is behind a firewall which blocks access to the videos
June 19, 2012 at 6:52 pm
Love the lectures Mike. They’ve helped me so much with this rather boring paper. I’ll be glad to get this one out of the way.
BTW. The Winnebago (Grazinski v Winnebago) and the restaurant story (Amber Carson) are both sadly fictitious. And before you blame anyone, it wasn’t me that started the stories!!
November 30, 2011 at 12:57 pm
yes thanks a lot a good tip
November 30, 2011 at 11:26 am
Sorry for not explaining absolutely everything within the lectures ( nor within the course notes! )
ALARP, the acronym, stands for As Low As Reasonably Possible and is in effect the management of risk bearing in mind a cost / benefit consideration. Risk can be reduced to zero by avoidance, but that may deprive you of benefit. So, in accepting that risks will be present in any business environment / situation, companies can take steps to manage the risks. Clearly, by throwing money at a problem, risk can often be reduced to minimal levels. However the benefit of such reduction may well be out-weighed by the cost.
So, reduce risk to levels which qualify as ALARP
Does that help?
December 10, 2011 at 1:23 pm
November 30, 2011 at 7:46 am
its good but did not explain related and co related risk, ALARP which is an important topic,and dynamic assessment of risk by risk management,
kindly update me regarding above topics such as ALARP ,related and corelated risk,and dynamic assessment of risk
May 25, 2011 at 6:31 pm
Can’t get enough of this lecturer, makes the subject really enjoyable. Keep it up Open Tuition!
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