scholarly journals Risk Management in Product Design: Current State, Conceptual Model and Future Research

2010 ◽  
Author(s):  
Josef Oehmen ◽  
Mohammad Ben-Daya ◽  
Warren Seering ◽  
Muhammad Al-Salamah
Keyword(s):  
Risk Management ◽  
Product Design ◽  
Process Model ◽  
Risk Identification ◽  
Future Research ◽  
Current State ◽  
Iso 31000 ◽  
Risk Treatment ◽  
Process Elements ◽  
High Degree

Risk management is an important element of product design. It helps to minimize the project- and product-related risks such as project budget and schedule overrun, or missing product cost and quality targets. Risk management is especially important for complex, international product design projects that involve a high degree of novel technology. This paper reviews the literature on risk management in product design. It examines the newly released international standard ISO 31000 “Risk management — Principles and guidelines” and explores its applicability to product design. The new standard consists of the seven process steps communication and consultation; establishing the context; risk identification; risk analysis; risk evaluation; risk treatment; and monitoring and review. A literature review reveals, among other findings, that the general ISO 31000 process model seems applicable to risk management in product design; the literature addresses different process elements to varying degrees, but none fully according to ISO recommendations; and that the integration of product design risk management with risk management of other disciplines, or between project and portfolio level in product design, is not well developed.

CONCEPTUALISING RISK CULTURE ON ERM IMPLEMENTATION IN CONSTRUCTION COMPANIES

2020 ◽  
Vol 17 (1) ◽  
pp. 59
Author(s):  
Ching Ching Wong
Keyword(s):  
Risk Management ◽  
Risk Identification ◽  
The Body ◽  
Risk Indicators ◽  
Construction Companies ◽  
Risk Appetite ◽  
Risk Culture ◽  
Risk Treatment ◽  
Managing Risk ◽  
The Relationship

Enterprise Risk Management (ERM) is an effective technique in managing risk within an organization strategically and holistically. Risk culture relates to the general awareness, attitudes and behaviours towards risk management in an organisation. This paper presents a conceptual model that shows the relationship between risk culture and ERM implementation. The dependent variable is ERM implementation, which is measured by the four processes namely risk identification and risk assessment; risk treatment; monitor and consult; communicate and consult. The independent variables under risk culture are risk policy and risk appetite; key risk indicators; accountability; incentives; risk language and internal relationships. This study aims to empirically test the relationship between risk culture and ERM implementation among Malaysian construction public listed companies. Risk culture is expected to have direct effects and significantly influence ERM. This study contributes to enhance the body of knowledge in ERM especially in understanding significant of risk culture that influence its’ implementation from Malaysian perspective.

Cyber risk management in SMEs: insights from industry surveys

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Felicitas Hoppe ◽  
Nadine Gatzert ◽  
Petra Gruner
Keyword(s):  
Risk Management ◽  
Cyber Security ◽  
Future Research ◽  
Management Process ◽  
Content Type ◽  
Security Culture ◽  
Current State ◽  
Enterprise Risk ◽  
Risk Management Process ◽  
Cyber Risk

PurposeThis article aims to gain insights on the current state of small- and medium-sized enterprises’ (SMEs’) cyber risk management process and to derive future research directions.Design/methodology/approachThis is done by collecting market insights from 37 recent industry surveys and structuring them based on the steps of the risk management process. From this analysis, major challenges are derived and future fields of research identified.FindingsThe results indicate that deficiencies in risk culture as well as the strained market for IT experts are the major obstacles with respect to the implementation of cyber risk management in SMEs, and that these challenges are similar across countries. The findings suggest that especially the relationship between cyber security culture and cyber risk management should be investigated further, and that a stronger link between the research streams on enterprise risk management and cyber risk management would be desirable.Originality/valueThis paper contributes to the literature by providing a systematic overview on the current state of SMEs' cyber risk management from a market perspective. The findings provide support for the existing academic literature by emphasizing the central role of cyber security culture (perception, knowledge, attitude) for a successful cyber risk management, which however should be addressed in more depth in future (empirical) research.

scholarly journals Suicide risk management in research on internet-based interventions for depression: A synthesis of the current state and recommendations for future research

2020 ◽  
Vol 263 ◽  
pp. 676-683 ◽  
Author(s):  
Lasse Sander ◽  
Katharina Gerhardinger ◽  
Eleanor Bailey ◽  
Jo Robinson ◽  
Jiaxi Lin ◽  
...  
Keyword(s):  
Risk Management ◽  
Suicide Risk ◽  
Future Research ◽  
Current State

scholarly journals Implementation of Risk Management Based on ISO 31000: 2009 in the Machine Maintenance Program at PT. X

2019 ◽  
Vol 6 (1) ◽  
pp. 16-24
Author(s):  
Sari Delima Fitri ◽  
Dina Lusiana Setyowati ◽  
Krispinus Duma
Keyword(s):  
Risk Management ◽  
High Risk ◽  
Control Measure ◽  
Hazard Identification ◽  
Department Head ◽  
Effective Control ◽  
Machine Maintenance ◽  
Maintenance Program ◽  
Iso 31000 ◽  
Risk Treatment

Machine maintenance programs in workshop area are high risk working units in terms of work accidents. This research purpose was to explore implementation of risk management based on ISO 31000:2009 of machine maintenance program in workshop area. This research was a qualitative research according to ISO 31000:2009. The informants in this research were head workshop as main informant, maintenance department head as key informant and worker in workshop as supporting informant. The engine maintenance program in the workshop area consists of 3 work stages namely fabrication, assembly and service (finishing). The results showed that from hazard identification results found physical hazard, chemical hazard, biological hazard, ergonomic hazard and psychological hazard. Risk analysis results were not found to be hazards with extreme risk, 3 dangers on the level of high risk, 13 dangers in the level of moderate risk hazards and 11 dangers in the level of low risk. Forms of risk treatment is in the initial treatment using risk mitigation methods for each of the risks faced, then the next treatment includes risk transfer, avoiding risk and accepting risks. Based on the result of a defined risk treatment, the recommendation or treatment of possible risks is an effective control measure and appropriate treatment in dealing with various possible risks.

scholarly journals Bereavement in Times of COVID-19: A Review and Theoretical Framework

2020 ◽  
Vol 82 (3) ◽  
pp. 500-522
Author(s):  
Margaret Stroebe ◽  
Henk Schut
Keyword(s):  
Process Model ◽  
Theoretical Perspective ◽  
Theoretical Models ◽  
Dual Process ◽  
Future Research ◽  
Negative Consequences ◽  
Systematic Assessment ◽  
Current State ◽  
Expert Assessments

A review of the literature on adaptation to bereavement during the COVID-19 pandemic was conducted to assess the current state of knowledge. Scopus, Web of Science and Google Scholar databases were searched for studies published during the first 6 months of the COVID-19 outbreak. 44 articles were included in the review. Narrative synthesis showed that knowledge was largely based on expert assessments of prior bereavement research and professional experience; there is so far absence of empirical evidence linking features of COVID-19 bereavement situations to health outcomes. Severe negative consequences have been consistently predicted by authors. There is still relatively little consideration of positive or compensatory processes or the possibility that these could alleviate the effect of the shocking, traumatic circumstances. With two notable exceptions, there has been lack of attention to the role of theoretical models for guiding research and practice. A theoretical perspective (the Dual Process Model, DPM) was applied to the information derived from the available articles. Two features of the DPM framework illustrated its relevance: 1. It enables systematic assessment of the range of loss- and restoration-related challenges for the bereaved; 2. It speaks for extension of psychotherapeutic intervention to manage secondary, restoration- as well as primary, loss-oriented stressors; studies have demonstrated that this may increase the effectiveness of intervention. Directions for future research and DPM application are suggested.

Fundamentals for the Challenge of Controlling Risk Through Standardization

2021 ◽  
pp. 185-198
Author(s):  
Vicente González-Prida ◽  
Jesús P. Zamora ◽  
Pablo Viveros Gunckel
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Risk Control ◽  
Future Research ◽  
Risk And Uncertainty ◽  
Current Management ◽  
Management Models ◽  
Iso 31000 ◽  
Standards And Guidelines ◽  
Risk Concept

This chapter is intended to deal with the topic of standardization as a solution for risk control and decision making, mainly in high technologized context. For that purpose, this document starts introducing the reason of controlling risk as well as the uncertainty background that lays in different sectors. After that, the risk management evolution is outlined, defining briefly the risk concept, mentioning some current management models and enumerating the more relevant norms, standards, and guidelines for risk management. From this point, an overview on the standard ISO 31000 about risk management is provided in order to finally summarize some possible future research lines and some conclusions about this groundwork on risk and uncertainty.

scholarly journals Design of Risk Management Based on Iso 31000 in PDAM Tirta Meulaboh

2017 ◽  
Vol 2 (1) ◽  
pp. 21
Author(s):  
Zainal Putra ◽  
Syafruddin Chan ◽  
Moenawar IHA
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Management System ◽  
Risk Identification ◽  
Risk Management System ◽  
Optimal Service ◽  
Iso 31000 ◽  
Potential Risks ◽  
The Impact ◽  
Water Meter

<p>Regional Water Company (PDAM) Tirta Meulaboh is the only state- ownedof West Aceh district that provides clean water for the residents of West Aceh, especially the residents of the city of Meulaboh and its surroundings. But in its operation the company has not yet to have a risk management system, so it has the impact on the company's survival and not optimal service to its customers. The study aims to identify risk, risk analysis and risk evaluation, in order to do prevention and mitigation of the impact of risk on each section in PDAM Tirta Meulaboh using risk management system standard ISO 31000. The process steps of risk management based on ISO 31000, starting from risk identification to methods Risk Breakdown Structure (RBS), risk analysis using matrix risk quantification and Risk Priority Number (RPN), and the evaluation of risks by using risk map. The results showed that in PDAM Tirta Meulaboh there were 43 risk events that have the potential business problems, which if they were not solved immediately it could affect the performance of the company, even the survival of the company. Of the 43 potential risks that were logged to the red zone, there were 5 potential risks which occupies the first rank is on productions departement: the defective of production water meter, the defective of distribution water meter and retrieval water by tank car without through the water meter. Branch Kaway XVI: customers are reluctant to pay the water bill and in IKK Rantau Panjang: water meter of raw water was damaged. The Efforts to mitigate against the risk of those 43 events which were logged in the red zone has not been planned and done yet by the management of PDAM Tirta Meulaboh.</p><p><br />Keywords: ISO 31000, PDAM Tirta Meulaboh, Risk Management</p>

OPERATIONAL RISK MANAGEMENT OF SURABAYA MAIN NAVAL BASE V REPAIR AND MAINTENANCE FACILITY BASED ON ISO 31000 FRAMEWORK

JOURNAL ASRO ◽  
2019 ◽  
Vol 10 (3) ◽  
pp. 111
Author(s):  
Yunus Patabang ◽  
Suprayitno Suprayitno ◽  
Erpan Sahiri ◽  
I Made Jiwa
Keyword(s):  
Risk Management ◽  
Phase 1 ◽  
Armed Forces ◽  
Risk Identification ◽  
Enterprise Risk Management ◽  
Phase 2 ◽  
Effective Prevention ◽  
Enterprise Risk ◽  
Iso 31000 ◽  
Naval Base

Surabaya Main Naval Base V Repair and Maintenance Facility is one of the work units under the auspices of the Indonesian Navy that is tasked with carrying out the maintenance and repair of all major weapons systems of the Indonesian Navy. In carrying out their duties Surabaya Main Naval Base V Repair and Maintenance Facility has a big challenge and even there are various kinds of risks to prepare all the Indonesian Armed Forces defense equipment in accordance with the demands of need. Therefore, in this research, risk management will be carried out at the Surabaya Main Naval Base V Repair and Maintenance Facility Operational based on the ISO 31000: 2018 framework. Based on this framework, risk management will be carried out, namely how to carry out risk assessments in the form of risk identification, risk analysis, and risk evaluation for all risks in the operational field. Enterprise Risk Management (ERM) is also used to carry out in-depth risk management processes. One method used to solve existing problems is to use the House of Risk (HOR) method, which is divided into two stages. Stage 1 HOR focuses on ranking the Aggregate Risk Potential (ARP) value and with the help of the Pareto diagram the cumulative ARP value is obtained to determine the risk event (risk agent) selected, which then requires treatment on a priority scale. The results of this HOR phase 1 are then included in HOR phase 2 to rank the most effective prevention measures based on costs and resources. From the results of the HOR phase 2, further brainstorming was carried out with the Surabaya Main Naval Base V Repair and Maintenance Facility in accordance with the actions chosen for preventive actions that could be immediately carried out.Keywords: House of Risk, Enterprise Risk Management, SNI ISO 31000: 2018.

Development and Implementation of Practice-oriented Process Model of Risk Management System at the Mining Enterprises

2021 ◽  
pp. 75-82
Author(s):  
V.A. Filimonov ◽  
◽  
L.N. Gorina ◽  
Keyword(s):  
Risk Management ◽  
Monitoring System ◽  
Management System ◽  
Process Model ◽  
Mining Industry ◽  
Process Approach ◽  
Risk Monitoring ◽  
Stage Of Development ◽  
Risk Management System ◽  
Iso 31000

The overview information is provided concerning the state of affairs in the mining industry in the field of industrial safety. It is shown that the multifactorial nature of the occupational risks (industrial, fire, environmental) forms a request for the development of risk monitoring system, as a result, a risk management system at hazardous facilities in accordance with the requirements of the supervisory authorities of the Russian Federation. The urgency and advisability of the application of process approach at the stage of development and implementation of the risk management system in the organizations and industrial enterprises of mining industry based on GOST R ISO 31000—2019 «Risk management. Principles and Guidelines» which establishes the basic approaches required for ensuring the effectiveness and efficiency of the risk monitoring system. The analysis is given related to the advantages and opportunities in the implementation of risk management in the organization. Process model of the risk management system in the mining organizations at the stage of development and implementation based on Deming PDCA cycle was built. Graphical map of the risk management system processes was developed and presented which complies with the requirements of GOST R ISO 31000—2019. The process of creating the risk management system using SADT (Structured Analysis and Design Technique) and IDEF0 methodology is shown in the article. The main context diagram of the process of creating the risk management system in IDEF0 notation was developed. The decomposition of the processes of the second and third levels is presented, all their functional links are described. Balance of the developed models is confirmed by the quantitative analysis of subprocess diagrams. It is demonstrated that the process approach used at designing the risk management system allows to structure the composition of processes, clearly define input and output parameters of the processes, process participants, resources, and ensure control and process adjustment.

Strategic Product Design for Multiple Global Markets

2012 ◽  
Author(s):  
Gopal Nadadur ◽  
Wonmo Kim ◽  
Alexander R. Thomson ◽  
Matthew B. Parkinson ◽  
Timothy W. Simpson
Keyword(s):  
Product Design ◽  
Future Research ◽  
Design Strategies ◽  
Regulatory Requirements ◽  
Efficient Manner ◽  
Tablet Devices ◽  
Current State ◽  
Left And Right ◽  
Do So ◽  
Target Markets

Designing products for multiple global user populations has been the focus of numerous studies. Based on an understanding of the current state of knowledge, this paper outlines three broad top-down design strategies to satisfy varying user, business, and regulatory requirements across target markets, and to do so in a resource-efficient manner. The first strategy results in a set of optimal, robust, or reconfigurable designs for the markets. The second strategy is the development of a static platform-based design, with variants of the product for the different target markets. In the third strategy, flexibility is embedded into a platform itself; the manufacturer can then release the product in a few target markets, and can leverage the platform at later stages when entering additional markets or adapting to changing requirements. The implementation of the proposed strategies is explored in the context of three different products: (1) the Adidas Jabulani soccer ball, (2) left- and right- hand drive vehicles, and (3) the Apple suite of mobile and tablet devices. The observations in these case studies highlight the importance of the three global product design strategies, and help define certain questions for future research.

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