Saturday 29 May 2021

PYP-Topic 2 - Individual task 15A - Harmony Day

What is Harmony Day?
Harmony Day is on 21 March in Australia. It started in 1999. It is a time to celebrate Australian multiculturalism, and welcome migrants to join our community. Harmony day is about respecting each other and sense of belonging for all Australians who come from all backgrounds and culture.

What is the "message “of Harmony Day?
The message of Harmony Day is 'everyone belongs'. On the day, people are engaged to participate in their community, respecting different culture and religious and build a stronger sense of belonging.

What is the official colour for the day?
The official colour for the day is orange.

What does the colour stand for/why was this colour chosen?
Orange stands for social communication and meaningful conversations. The chosen colour represents freedom of ideas and encouragement of mutual respect, it is a symbol for supporting cultural diversity and an inclusive Australia.

What other important International day shares the day with Harmony Day? What connection do these days have with each other?
United Nations International Day.
The United Nations International Day is for elimination of racial and discrimination, while the Harmony Day is for respecting people from different background and culture. They are both to encourage Australian to create and maintain a peaceful community.

Saturday 1 May 2021

Week 3 - Task 19 Cost Benefit Analysis of Safety Aspects

In this day and age, some people think that implementing safety norms or following safety rules is expensive and not economical, but it is actually economic to follow safety norms and implementing them according to recent study. There are many advantages of conducting a Cost Benefit Analysis. Frist, it is data-driven which is more scientific and logical and it can avoid personal biases. Second, it can simplify the process of decision making since business decisions are more complex by nature and the cost-benefit analysis can make it more straight forward by comparing the cost spending. Last, it can also uncover hidden costs and benefits which can maximize the profit.

Although cost-benefit analysis is very beneficial, there are still limitations of it. First, it is difficult to predict all variables. If analyst does not predict all the factors, the outcome can be affected. Also, if the incomplete or inaccurate data are applied in the cost-benefit analysis, the result will also be inaccurate or incomplete. Furthermore, the cost-benefit analysis also removes the human element, it could be difficult to reconcile moral or ‘human’ perspectives with business case since there are non-monetary reasons an organization might decide to process a project or decision which could affect the result of the analysis.

From a personal point of view, the cost benefit analysis is more beneficial to be carried out in organisations which are mainly doing short and mid-length projects. The cost benefit analysis has greater potential of missing the mark for those projects have longer timeframes. It is because that making accurate predictions for long term project is normally more complex, and the long-term forecasts will be inaccurately account for variables such as inflation, which could result in an inaccurate analysis. Therefore, cost benefit analysis is not suit for every organisation, it is suitable for organisations with short and mid-length projects.