Risk Management

Stic, pure, chance

The SportsRiskIndex™ (SRI) is a published index figure that represents approximate market value for any given sports entity. The sports entity can be a team or league.

How is the SRI derived?

The SRI patent pending formula takes into account such variables as attendance, TV ratings, and other publically available economic data to calculate the SRI for the sports entity.

The SRI for my team is $800. What does that mean?

Based on the revenues your team is generating, the SRI predicts that your team has an approximate market value of $800 million. It is recommended that you compare this number to the SRI of the other similar teams and the league.

How do I buy/sell the SRI?

The SRI cannot be purchased directly. Brokers sell SRI contracts at a price based on the SRI price. An SRI contract for a sports entity can be traded like any other futures contract. Long or short positions can be used by a trader depending on their trading strategy.

How much does an SRI contract cost?

The value of a contract for a sports entity will vary based on the cash value as calculated by the SRI formula plus or minus any premium or discount built in by the market. In order to take a position, a trader will only need a fraction of the full SRI value in their account. The fraction amount required in the trader's account is called the 'margin'.

Why should I trade the SRI?

The SRI can be used like any other trading or investing instrument. But since the SRI focuses specifically on sports related financial data, it is uniquely positioned to help businesses in that industry. Businesses with exposure to fluctuations in finances related to sports can use an SRI as a hedging tool to limit their risk. Individuals may want to trade SRI contracts as a tool to put their knowledge of a specific sports entity or sports in general to diversify from the usual stocks and commodities.

SportsRiskIndex™ Example:

For this example we will look at a fictitious Major League Baseball team called the Anchorage Huskies.

Before the Trade. We will assume the SRI futures contract for the Huskies is trading at $1,100.

Why Trade? A trader believes the MLB Huskies team is about to sign a contract with one of the best players in the league. The trader thinks the revenue this player will bring in through higher attendance and TV ratings will result in an increase in the SRI, so he decides to purchase a single Huskies SRI contract.

How Much Does the Trade Cost? Assuming the margin requirement is 10 percent, the trader will be required to maintain $110 in their account, 10% * $1,100 = $110. If their account falls below this amount, they will be required to add more funds or close the position.

After the Trade. As the rumors of the Huskies signing the player start to spread, a premium is built into the SRI contract driving it up to $1,200 a contract. The trader now believes the value of this player is fully reflected in the price, so he decides to close his position. When the transaction is completed, the difference between the selling price, $1,200 and the purchase price, $1,100, less fees, is credited to the traders account. Therefore, in this example, the trader's profit is $100 ($1200-$1100) less transaction fees.

Source: http://thenewsportseconomy.com/2010/10/14/sportsriskindex™-sri-what-is-sports-risk-index-trading-and-how-does-it-work/

Level of probability of an adverse event occurring

The process you're referring to is commonly known as the "After Action Review" (AAR) process, which is essential in emergency management and organizational performance. It typically involves four key steps: planning and preparation, execution of the operation or training, evaluation of performance through testing and exercises, and the documentation of lessons learned through after action reports. This iterative approach helps organizations identify strengths and weaknesses, improve future operations, and enhance overall effectiveness.

Implementing controls in risk management involves identifying potential risks, assessing their impact and likelihood, and then designing and implementing measures to mitigate those risks. This process includes establishing policies, procedures, and controls, as well as continuous monitoring to ensure their effectiveness. Regular training and communication with stakeholders are crucial to foster a risk-aware culture. Finally, it is important to review and update the risk management framework regularly to adapt to new threats or changes in the environment.

In the final step of the troop leading process, a leader must closely supervise and refine the unit's preparation to ensure that all plans are understood and executed effectively. This involves conducting rehearsals, checking equipment, and confirming that all personnel are aware of their roles and responsibilities. Continuous assessment and feedback during this phase help identify any remaining issues and allow for last-minute adjustments. Ultimately, this thorough oversight enhances the unit's readiness and increases the likelihood of mission success.

monitor your behavior, interpret cues, and regulate your emotions

There are many benefits to composite risk management. By determining the types of risks involved in something ahead of time, problems are less likely to arise. One will already know which risks to look for, so issues can be resolved quickly. Accidents are also less likely to occur.

Identify Hazards; Assess Hazards; Make risk decisions; Implement Controls; Supervise

The critique process typically involves: observing and analyzing the work, identifying strengths and weaknesses, providing feedback in a constructive manner, and offering suggestions for improvement. It is important to balance positive feedback with areas for growth to help the person receiving the critique develop their skills.

Composite Risk Management (CRM) is an approach to risk management that is used by the U.S. military. It is based on the idea that risk management should be a continuous process of planning assessing controlling and managing risk. The guiding principal of CRM is to identify assess and manage risks in a systematic way. This is done by first identifying potential risks then assessing the likelihood of those risks occurring and then developing strategies to reduce the impact of those risks.

The four steps of CRM provide a framework for managing risk:

• Planning Developing strategies and plans to identify assess and manage risks.
• Assessment Analyzing the potential risks and determining their likelihood of occurring.
• Control Taking measures to reduce the likelihood or impact of risks.
• Management Monitoring the risk and taking corrective action when necessary.

The goal of CRM is to ensure that risks are managed in an effective and efficient manner. This is done by identifying potential risks assessing the likelihood of these risks occurring and then developing strategies to reduce the impact of those risks. By using a systematic approach to risk management organizations can avoid costly mistakes and ensure that risks are identified and managed in a timely manner.

Identifying hazards and controlling risk

Risk handling actions are involved in the risk response planning step of the risk management process. This step focuses on developing strategies to address identified risks, including mitigation, transfer, acceptance, or avoidance. By implementing these actions, organizations aim to minimize the impact of risks on project objectives and overall performance. Effective risk handling ensures that risks are proactively managed throughout the project's lifecycle.

The last step when detaining a suspect is to inform them of their rights, commonly known as "Miranda rights." This includes the right to remain silent and the right to an attorney. Failure to inform the suspect of their rights could lead to any statements or evidence obtained during questioning being inadmissible in court.

Analyzing threats in the OPSEC process involves identifying potential threats to your information or operations, determining the likelihood of those threats being realized, and assessing the potential impact they could have on your organization. This step is essential for understanding the risks you face and developing effective countermeasures to mitigate them.

the first step is to test the possible solutions

Hazard; danger; peril; exposure to loss, injury, or destruction., Hazard of loss; liabillity to loss in property., To expose to risk, hazard, or peril; to venture; as, to risk goods on board of a ship; to risk one's person in battle; to risk one's fame by a publication., To incur the risk or danger of; as, to risk a battle.

The responsibility of risk management was enacted to systematically identify, assess, and mitigate risks that could adversely affect organizations or projects. This approach helps organizations protect their assets, ensure operational continuity, and enhance decision-making processes. By establishing a framework for managing uncertainties, businesses can minimize potential losses and capitalize on opportunities, ultimately leading to improved performance and sustainability.

The guiding principles of pay structure include internal equity, external competitiveness, and pay for performance. Internal equity ensures that employees perceive their compensation as fair relative to their colleagues within the organization. External competitiveness involves aligning pay levels with industry standards to attract and retain talent. Pay for performance links compensation to individual or team contributions, promoting motivation and productivity.

By ensuring subordinates understand how, when, and where controls are implemented, monitoring the employment of controls, and adjusting as situational awareness demands

A good decision making system will