Risk Management Literature review Example | Topics and Well Written Essays - 3250 words

Risk Management - Literature review Example The nature of oil spillage risk in oil exploration program The oil industry is concerned with a long history of spills on the North Slope and the probability of future spills is high. Indeed, there has been an oil spillage once a day, on average, from the time when gas and oil development began on the North Slope. Many of the tragedy involved pipelines, and improvement in the Chukchi and Beaufort would result in setting a connection of pipelines from wells to shore, till 75 miles away. In order to make the subject worse, ocean currents move the chemicals and oil hundreds of miles. Further, in the Arctic Ocean, cleaning up oil spills would lead to enormous challenges. Suppression and recovery at sea hardly ever leads to the removal of more than a comparatively small fraction of a large oil spill, i.e. only 10-15% and often significantly less. Till date, no technology subsists in order to clean up oil in the sea ice circumstances and late-season spills would stay behind until the following year. Furthermore, cold water splits down oil much more slowly than the warm water. Another impediment is the lack of infrastructure for quick reaction to a spillage. Climate change has considerably weakened the basis on which Arctic ecosystems function. Most important industrialization would add to the challenges faced by phytoplankton, at the bottom of the food chain and would generate a series of other problems. Species mainly at risk include polar bear, walruses, ringed seals, beluga and bowhead whales and coastal birds.

Rewrite Extended Research Report 4-3-2 Essay Example | Topics and Well Written Essays - 500 words

Rewrite Extended Research Report 4-3-2 - Essay Example This paper is very important since it talks about a very important subject area of performance evaluation which can as well be implemented at the workplace. Performance evaluation is primarily concerned with measuring progress as well as effectiveness of the human resource which is very important for any organisation. Performance evaluation is also concerned with establishing good communication link between the management and employees. Basically, performance evaluation is meant to create mutual understanding among the members of an organisation in order to improve productivity as the ultimate goal. Performance evaluation is very significant for every organisation since it is meant to contribute positively to the growth and development of business through human efforts towards the attainment of set goals. It is imperative for organisations to ensure that their employees are highly motivated as a way of increasing productivity. Performance evaluation is helpful in that it allows each organisation to identify the areas that need attention and it also allows organisations to set goals that are achievable (Cfstaffing, 2007). Over and above, it can be noted that the main reason why organisations embark on performance evaluation is that they are primarily concerned with achieving set goals through the efforts of human resources. The process of performance evaluation is very important to every business in that priority is given to the needs of the employees who are the main drivers of any given organisation. Motivated workers are productive which positively contributes to the growth of business. Performance evaluations have become an indispensable part of business as a result of their effectiveness in increasing productivity (Abbey, 2007). I am feeling confident that I have a good start for my research report and I believe that I am organizing it in a nice