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

Draw the risk management control cycle, Question 1: Define the followin...

Question 1: Define the following terms: (a) Whole life assurance (b) Immediate annuity (c) Market Liquidity Risk (d) With-pro

LIability risk, Michael went deer hunting with Ed. After seeing bushes move...

Michael went deer hunting with Ed. After seeing bushes move, Michael quickly fired his rifle at what he thought was a deer. However, Ed caused the move- ment in the bushes and was

What is the monetary certainty equivalent, As you know, utility functions i...

As you know, utility functions incorporate a decision maker's attitude towards risk. Let's assume that the following utilities were assessed for Stephanie Parker. x

What is the maximum amount of money the company, The marketing department o...

The marketing department of a vitamin water company wishes to determine the maximum expected payoff from introducing a new strawberry drink. What decision, in terms of choosing the

Show capital market line, Q. Capital market line? When their exists com...

Q. Capital market line? When their exists complete agreement between all investor with regards to a security Expected return, variance and covariance as well as on the rate of

What is avoidance of risk, Q. What is Avoidance of Risk? A business fir...

Q. What is Avoidance of Risk? A business firm can avoid risk by not accepting any assignment or any transaction which involves any type of risk whatsoever. This will naturally

Risk - reward ratio - using the sml, You observe the following statistics i...

You observe the following statistics in the market. The stock of YUM! Brands Inc. (the holding company of KFC, Taco Bell and Pizza Hut among others) costs $66.24 today. Analysts es

Requirements to make a risk assessment useful in practice, Question: (a...

Question: (a) The site engineer of a building and civil engineering company, employing one hundred and ten employees on a five-storey building project, has decided to carry ou

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