know you’re in trouble. If an unexpected event
changes your home financial situation, don’t give
up on university! First, talk with your financial
aid office. Most colleges set aside funds to help
students get through difficult situations.
• Create a budget and stick to it!
• Save and project for future expenses
• Learn to say “no” to friends
• Do “ free” things
• Keep records of expenses
• Don’t overuse plastic cards
• Keep money safe and growing while you aren’t
using it
Through budgeting,
minimizing non-essential
purchases, and saving, you can afford:
• Home
• Car
• Retirement
• Conveniences for your future fam ily
• Vacations
Track your money. Once you realize how much
impulse buying and other indulgences cost you, it w ill
be easier to tell yourself «N
0
!»
Risk Management
‘Risk
management
Guide
for
Student
Organizations’
At the beginning of the academic year the
Uzbekistan Higher institution administration appoints
student leaders who are obligated to plan events and
activities together with the faculty and staff. One of
their responsibility is to implement a comprehensive
model of risk management to use in organizing
social activities. Following the regulations, the
authority has appointed Asliddin Bokijonov as
leader of ‘KAM O LO T’ youth social movement for
his being a prioritized freshman in the University
admission exams owing to his well-behavior and top
academic results during a nine-month army service.
On the behalf of his duties accomplishment in youth
leadership, he clearly understands that he need
review Student, Faculty and Staff Leaders Handbook
for details on validation process.
Folding the front
page of the handbook he finds the lines ‘Leaders of
student organizations should be familiarized with
risk assessment and management concepts and tools
as required by Education code____ . Having no idea
about risk management Asliddin makes up his mind to
consult a senior student Muhammad, who is a leader
of KAM OLO T among graduate students.
Muhammad wholeheartedly tries to highlight the
term risk management giving a detailed reply to the
questions by Asliddin.
Asliddin: Could you help me to clarify, please,
what the risk management is?
Muhammad: Oh, the same misunderstanding I
had when I encountered this term in the handbook.
W ell, let me say it so, Risk Management is the process
of considering the potential and perceived risk
involved in student activities. It includes monitoring
organization activities and taking both corrective
action and proactive steps to minimize accidental
injury or loss.
Asliddin: Does risk management have specific
types?
Muhammad: There are many risk types, major
ones to consider are: Physical, Reputation, Emotional,
Financial, Facilities.
Asliddin: You have stated the main types and what
the risk activities are?
Muhammad: There
are potentially high risk
activities, they are alcohol, fire and life safety, travel,
behaviour at parties and social events and others.
However, this is not an all inclusive list. You should
be able to use the concepts and tools to apply to all of
your activities to assess the associated risks.
Asliddin: Can you provide me with concepts
associated with risk management?
Muhammad: They are the followings:
1. Identify risky behavior - can injury or loss occur
as a result of participation in or attendance at the
event or activity (running with pointed scissors in
your hand)
2
. Assess the probability - how likely is an injury
or loss to occur while performing the activity
(running with scissors on a rocky h ill)
3. Reduce risk - you may not be able to completely
eliminate all risks; however, what methods or
controls can be implemented to make the event
safer (controlling the use of alcohol, not allow
running with sharp pointed items, etc.)
4. Reassess the activity — now that the obvious risks
have been addressed, what else can be done to
minimize the risks
Asliddin: How can students
identify and reduce
risk?
Muhammad: They should meet with University
advisors to review activities; Also, they have to read,
understand and know University policies;
Lesson 12
Scale Up
93
In this fast-changing global world, everything is
moving. To make a successful business, it’s not enough
just to follow yesterday’s trend. Companies and people
need to constantly acquire new skills to succeed in
tomorrow’s marketplace. This means driving new
training initiatives to enhance performance. However,
not all training is equally successful. To ensure
training effectiveness, it’s important to track results
and to have standard criteria for measuring outcomes.
In this podcast, we’ll listen to M alika Umarjonova,
a training manager, describing her functions and
responsibilities.
Interviewer: So, M alika tell us a little bit about
your job as a training manager.
M alika : W ell, basically I ’m responsible for the
effective planning and
execution of training and
development programs for the whole company.
Interviewer: Aha, and what exactly are these in
detail?
M alika : Quite a lot actually. Let’s see, I assess
developmental needs to drive training initiatives, I
also identify and arrange suitable training solutions
for employees. This means I need to design and
implement all about training programs to educate
people on standard processes and to enhance
performance according to the needs of the company.
Interviewer: And, what kind of programs do you
run?
M alika : They run fu ll garment really, quality
control, work measurement,
human recourses,
manufacturing methods, development of supervisors
you named
Interviewer: OK. Can you tell us more about some
of your specific duties ?
M alika : Sure. For. ex. I need to oversee
development of training content including formulating
and reviewing course outlines.
Interviewer: How about working with vendors?
M alika : Yes, that too. I evaluate and recommend
vendor programs to meet training objectives.
Interviewer: What else do you work on?
M alika : I need to coordinate the development of
training materials appropriate to specific program
objectives and I establish S.M .A.R.T. criteria for
tracking and evaluating the effectiveness about
training programs.
Interviewer: SM ART? That sounds as an acronym.
What does it mean ?
M alika : S.M .A.R.T. stands for : Specific,
Measurable, Attainable, Realistic and Timely. This
is a standard criteria for setting goals and measuring
training outcomes.
Interviewer: I see, and Can I ask what the most
interesting part of your job is ?
M alika : For me, it is being able to help drive
the long term success of the company by having a
strategic overview.
