Business Finance Homework Help

Business Finance Homework Help. Need your opinion

Read each paragraph give me your opinion if you agree or disagree with it

1.

  • Identify what public and private stakeholders are involved in the stadium, tournament, and surrounding infrastructure in the simulation.

Stakeholders for this event include Emergency Management, Police and Fire Departments, Stadium Commander, the local school and hospital, plus the surrounding community and the public that will be attending along with the soccer teams are schedule to play.

  • Explain what you perceive as the most salient vulnerabilities of this special event venue as it pertains to the soccer tournament

Traffic on that Monday morning is a vulnerability as it coincides with morning rush hour which could cause issues with emergency personal being able to get to emergency situations quickly. Also, with the traffic more accidents are possible. Crowd control is also a vulnerability as this event will bring in a large number of people and with that increase there is potential for unruly behavior or

  • Describe what steps the core planning group of this event should take to mitigate these vulnerabilities.

Having a clear traffic plan would help with directing the flow of traffic as well as leaving certain routes open for emergency vehicles to use if a situation arises. Also, having emergency services station at different locations would help with the dispatching.

Increasing the law enforcement present as this event and having clearly marked off areas that the public can’t access would help control the flow of the crowd.

In the simulation, none of the emergency professionals discuss the importance of considering the impact on specific multicultural communities.

  • Define some of the vulnerabilities that particular cultural communities may face.

Cultures tend to have different values and traditions that they may clash with others. Limiting all visitors to the same guidelines and requires would help with there being no favoritism towards one culture of the other. To help the event succeed visitors will need to follow certain rules and regulations that are designed to keep the public safe but allow for cultural differences to be honored.

2.

Given that the emergency plan has not been assessed in 10 years, it is well overdue for revision. In 10 years of time, updated procedures, new techniques in training, and new technologies in communication and detection of disaster events have been produced. Working with old training techniques places the emergency responders and the public in danger with new threats surfacing that were not present 10 years ago. New procedures and training with those procedures should be established and practiced well in advance. In the event of a disaster, there should be a seamless flow in which all responders are well versed in their roles to avoid needless harm from lack of preparation. New communication technologies should be implemented to ensure each team and stakeholder is well informed and has access to all information as it happens. Installing new computer programs and communication technologies will ensure that the town will receive advance notice of impending hazard events and allow the town to communicate effectively with higher governmental domains without delay. Inspections of infrastructures will need to occur, and business owners will need to comply to avoid further economic disarray in the event of a disaster. Lack of mitigation, preparedness, and updates would cause the town to suffer economically and make recovery extremely difficult and especially lengthy.

The council will be provided documentation and examples of Hurricane Katrina and the aftermath of that disaster. The disaster of Hurricane Katrina was proof that poor communication and lack of mitigation and preparedness caused severe detriment to the town of New Orleans that could have been avoided with pre-planning (Koliba, Zia, & Mills, 2011).

The North Carolina Department of Public Safety in 2018 posted that new response and recovery strategies were being implemented with businesses joining the Business Emergency Operations Center program. Those companies donated over $20 million in 2018 to support disaster relief. NCEM (North Carolina Emergency Management) has received over $35.7 million in state and federal funds in 2018. Around $9.6 million was allocated towards preparedness. The funds also are deemed for: equipment to local, state, and county agencies; training for first responders and management staff; state and local exercises for emergency situations, flood plain mapping; response for hazardous materials; funds to real response; recovery for former disasters; and providing 24/7 capability in governmental agencies (Annual Report, 2018).

North Carolina has suffered from multiple hurricanes and thus uses a good portion to federal funds to mitigate and prepare for flooding and disaster from hurricanes. The budget appears to allocate appropriate funding for mitigation and preparedness. In the real case scenario, the state has been fairly successful at maintaining the economy and recovering from past hurricanes.

3

As I read in the Office of Budget and Management (OBM), I see the City of Chicago’s budget for the current year of 2019. It looks as though there is an overall decrease in the Office of Emergency Management and Communications under the Fund Source(s) between Appropriation in 2018 ($ 291,423,019) and the Recommendation for 2019 ($ 233,860,841). (chicago.gov). On the other hand, I see an increase under the same Fund Resource category in the Emergency Communication Fund , from $101,305,015 in 2018 Appropriation to

$ 102,138,813 in the 2019 Recommendation. (chgo.gov). As the Emergency Management description reads, it states that within this program , it prepares Chicago for significant incidents (human caused, natural & technological ) emergencies , planned events , as well as providing disaster and recovery assistance to the residents & institutions. This also mitigates the effects of catastrophic events & provides operational coordination from a 24/7 Ops Center.(chgo.org).

Although I am not a budget analyst , I do see that this budget has not been looked at for 10 years, and our times and society has changed. Technology has advanced as well as the the events our emergency responders need to attend to whether planned or not. As I’m sure we are aware of the threat of terrorism and cyberattacks as well as the natural disasters that come unexpectedly , we need to be 10 steps ahead of the game and ready to deploy our emergency teams when needed. Our CPD have faced numerous hurdles and increasingly need the City’s support. So, do I feel this budget is adequate for one of the biggest City’s in the U.S that had one of the largest crime rates and why? I feel as of now , we are on the right track. It took a lot of time and there was much scrutiny of the CPD. If we consistently receive the backing and support (both financial and moral), we as a city will see hopefully see an ongoing decrease. But it takes the people themselves to make a difference.

We have already seen a decline in gun violence, and in 2018 there was a high level of partnership with local and federal LE agencies including the FBI, ATF, DEA, and the U.S. Atty’s Office. (chicagopolice.org). Manpower within the CPD has improved and the City saw an increase in adding 1,000 new officers in under 2 years. (chicagoolice.org). Technology enhances police strategy and the City saw a rollout of SDSC (Strategic Decision Support Centers ) in 20 police districts. (chicagopolice.org). I do not see what area we can do differently in the budget but my suggestion would be having an outside party look at the total picture that this is their forte and has a strong background in budgeting, analysis and forecasting on a large scope.

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