• RISK MANAGEMENT W m Risk management is a good decision making v I Risk Management is a
  • Of Higher and Secondary Specialized Education of the Republic of Uzbekistan State University of World Languages




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    participation.
    Memo
    To
    From _
    Date__
    Subject
    (M ain body is the core section. List your 
    key concerns first. Put in some details as 
    to what is an issue. Be coincise.)
    (The closing part list your recom­
    mendations for how to address the core 
    issues or problems. List the steps that need 
    to be taken, by when and by whom.)
    Scale Up | 5 9


    Read and discuss.
    RISK MANAGEMENT
    W
    m
    Risk management is a 
    good decision making
    v
    I #
    Risk Management is a 
    methodology that helps 
    managers make best 
    use of their available 
    resources.
    1 Read the title as well as the note. Which sector 
    does the title of listening material refer to?
    ‘Risk 
    Management 
    Guide 
    for 
    Student 
    Organizations’
    Risk management practices are widely used in 
    public and private sectors covering a wide range of 
    activities:
    Finance and Investment
    • Insurance
    • Health Care
    • Public Institutions
    Governments
    =8>
    2 (T12) Listen to an interview with a student 
    organization leaders. Which of these questions 
    was not mentioned?
    a. What is a risk management?
    b. What are risk management concepts?
    c. Does a risk management have specific types?
    d. Is risk management in-born skill?
    e. What are the risk activities?
    f. How can a student identify and reduce the risk?
    g. Have you ever been in risk managing cases?
    3 Answer the questions according to the tape.
    a. What action is annually fulfilled by the Higher 
    Educational Institution authority at the beginning 
    of an academic year?
    b. Why has Islomiddin been promoted as a leader for 
    a student organization?
    c. What term has Islomiddin found unclear in the 
    handbook?
    d. What is Islomiddin’s aim in visiting Javohir?
    e. What role does Javohir play in University life?
    4 Listen to the interview again. Complete the 
    statements.
    a. Risk management is _________________
    *
    b. Main types of risk management are:


    с. Potentially high risk activities are:
    h. You should not _
    i. You’d better not 
    j. You should____
    d. Students should
    to identify and reduce the risk.
    5 Work in groups of 4 or 5. Imagine you are 
    planning a student activity connected with 
    your field of study. What are the liability risks? 
    How would you manage them?
    eg. Case: The administration has scheduled a three 
    day trip to Khiva. Possible risks...
    6 Define which sentence is stronger in each 
    pair. Discuss situations in which a speaker 
    might say these sentences:
    1. a) I think you’ve caught a cold, you should go to 
    a doctor.
    b) I think you’ve cought a cold, you ‘d better go to 
    a doctor.
    2. a) If it is nessesary, you should go to work, 
    b) If it is nessesary, you must go to work.
    3. a) It is going to rain, I think, you’ve to stay in class, 
    b) It is going to rain, I think, you ought to stay in 
    class.
    4. a) They have to go to the bank to get their plastic 
    cards.
    b) They should go to the bank to get their plastic 
    cards.
    5. a) You shouldn’t go into that room, 
    b) You must not go into that room.
    6
    . a) You’d better not to go there alone, it is very late, 
    b) You shouldn’t go there alone, it is very late.
    7 Work in pairs. Complete the sentences with 
    your own ideas and discuss the meaning you 
    wish to express by giving reasons.
    eg. 
    You’d better
    speak to your friend.(Reason: If you 
    don’t, there w ill be some misunderstandings. Result: 
    he’ll be angry and feel hurt.)
    a. You’re supposed to ___________________________
    b.
    You ought to ________________________________
    c. You have to ________________________________
    d. You aren’t supposed to ________________________
    e. You don’t have to ____________________________
    f. You mustn’t ________________________________
    e. You’d better
    Work in pairs. Give advice using a-j 
    combinations in Ex. 7 to your partner who has 
    a problem.
    A: On my way to the University I have lost my 
    purse with my passport and driving license in it. 
    Now I don’t know what to do.
    В: I think, you__________________ ____________
    2. Student: Hallo, it’s me - Akm al Saidov, monitor 
    of Group 102, phoning you from the camp. It is 
    raining cats and dogs here, and it stops us from 
    starting the way back home. The road is so slippery 
    that it’s difficult to drive. What shall we do? 
    Dean: The best option is you_________________
    3. A: Tomorrow by 
    6
    PM I w ill have moved out from 
    the rental apartment as the landlord is going to 
    repair the house after the fire damage caused by 
    neighbours. He warned me two weeks ago that’s 
    why I have been looking for a room to stay but still 
    have no results. What would you advise me to do? 
    B: To my mind, yo u _________________________
    The first step in the risk management is to 
    acknowledge the reality of the risk. Denial is a 
    common tactic that substitutes deliberate ignorance 
    for thoughtful planning.
    Scale Up


    9 Read the quotes. Choose the best option defining the message of it.

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    Of Higher and Secondary Specialized Education of the Republic of Uzbekistan State University of World Languages

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