Stakeholder analysis, Risk Management

Assignment Help:

Stakeholder Analysis

In the case of syringe management plan, the stakeholders include Maribyrnong Council, Yarra Council and other neighboring ones, manufacturers, distributors and end consumers for safe disposal containers, any banks or financial providers if loan obtained for project implementation, maintenance staff in all public centers, printers publishing the booklets/brochures and distributors, drug users or even diabetic patients all of who uses syringe and the general public.

The Council has the authority to implement and influence the project at any stage. The project does not end since it is ongoing until there are no syringe-users, which is not practical. Hence the Council must delegate authority such that it is properly implemented throughout its life. The manufacturers and distributors of containers and publishers and distributors of booklets are the ones who profit though not to a great extent, since it is a project meant for enhancing public safety. However, these stakeholders, if they meet the project criteria successfully, may get a long-term assignment-on-hand.

The finance providers who help the Council implement the project will also gain a smaller profit. The drug users and diabetic patients are expected to use these containers for disposal and they may find it difficult to follow the new rule, since they have not been accustomed to such a habit. The maintenance staffs are the ones who will be additionally burdened with daily disposal of such containers. Though not a big burden, they will be entitled to do it on a daily basis, and hence it is necessary to offer a small salary increment for this burden. Though there are no competitors for such a project, the Council may well take Yarra as a benchmark. The general public can enjoy the benefits of the project, since they are safeguarded against syringe infections (WorldBank.org, N.d.).


Related Discussions:- Stakeholder analysis

Bankruptcy of lehman brothers, In its early stages, the financial crisis ma...

In its early stages, the financial crisis manifested itself as an acute liquidity shortage among financial intermediaries. In this phase, concerns over the solvency of the sophisti

Implementation of syringe management plan, Risk Management The major ri...

Risk Management The major risks involved in the implementation of syringe management plan include the following. Ideas to manage them are as well mentioned along with the risks

Define value at risk as a measure of market risk, Black Rock Investors is ...

Black Rock Investors is managing the pension fund of Virgin Atlantic. Sir Richard Branson wants to assess the risk of the portfolio following the Euro crisis. During a discussion

Determine the optimal for investor, The investor has constant wealth 1 and ...

The investor has constant wealth 1 and is offered to invest in shares of a project that either gains 3/2 or loses 1 with equal probabilities. Therefore, if the investor obtains sha

describe a risk-free strategy and delta-hedging position, Explain how you ...

Explain how you would hedge a short position in a European (plain vanilla) call with six  weeks to maturity if the spot price is 60, the strike is 65 and σ = 0.3, r=0.1. You rehedg

Determination of risk assessment policy, Determination  of risk  assessment...

Determination  of risk  assessment  policy  should  be  included  as  a specific  component  of  risk management Risk assessment policy  sets the guidelines for value judgments

Binomial model , the difference between binomial model and black-scholes fo...

the difference between binomial model and black-scholes formulation of derivative pricimg

Risk management, Several issues have arisen on the Kauri Café Project. Four...

Several issues have arisen on the Kauri Café Project. Four months have passed since the project started. ABC Co. are complaining about not being paid appropriately you initially th

Analyse the risks as well as suggested responses, Question: You work in...

Question: You work in one of the major commercial banks of the island and your institution is contemplating venturing into Internet banking in the near future. As the risk m

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd