Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Risk Management Expert

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.).

Risk Management, Finance

  • Category:- Risk Management
  • Reference No.:- M9528576

Have any Question?


Related Questions in Risk Management

Financial risk management assignment - part a - part a

FINANCIAL RISK MANAGEMENT ASSIGNMENT - Part A - Part A requires you to complete the modules of "Economic Indicators" and "Fixed Income" of Bloomberg Market Concepts (BMC), which takes about 4 hours (1 hour for "Economic ...

Problem 1how much will an employees portfolio be worth

Problem 1: How much will an employee's portfolio be worth after working for the company 30 years more? The Human Resource department at EcoCarnifex Corporation was asked to develop a financial planning model that would h ...

Financial derivatives and risk management homework -1 this

Financial Derivatives and Risk Management Homework - 1. This is September, and you have $4,000 to invest for three months. The stock price is currently $40. A December call option with a $40 strike price is currently sel ...

Advanced project risk management assignment -aim the aim of

Advanced Project Risk Management Assignment - Aim: The aim of this assignment is to: demonstrate the understanding of Decision Tree/Expected Monetary Value and the use of the software Precision Tree schedule a project us ...

Students will be randomly allocated to bushfire disaster

Students will be randomly allocated to Bushfire disaster scenarios and asked to complete a disaster response plan. The plan must cover all the relevant elements described in the unit and be an appropriate response for th ...

Problem 1ben traders a privately held us metals broker has

Problem 1: Ben Traders, a privately held U.S. metals broker, has acquired an option to purchase one million kilograms of partially refined molyzirconium ore from the Zeldavian government for $5.00 per kilogram. Molyzirco ...

Risk financing case study assignment -you are a financial

Risk Financing Case Study Assignment - You are a financial specialist, the first one hired for a pool set up to offer insurance to construction companies in your city. The pool you work for takes in approximately $50 to ...

Safety and risk management are critical aspects of a

Safety and Risk Management are critical aspects of a workplace and breaches are punishable under Work Health and Safety Law. This task encourages students to analyse and conceptualise responses to safety breaches in a gi ...

Problem 1 you are the mechanical engineer in charge of

Problem 1: You are the mechanical engineer in charge of maintaining the machines in a factory. The plant manager has asked you to evaluate a proposal to replace the current machines with new ones. The old and new machine ...

Respond to the following scenario with your thoughts ideas

Respond to the following scenario with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas. Apix is considering coffee packaging as an additional diversification to its ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As