Knowledge-based risk identification in infrastructure projects

2003 ◽  
Vol 30 (3) ◽  
pp. 511-522 ◽  
Author(s):  
Sanjaya De Zoysa ◽  
Alan D Russell
Keyword(s):  
Risk Management ◽  
Current Knowledge ◽  
Financial Economic ◽  
Risk Identification ◽  
Knowledge Based Systems ◽  
Infrastructure Projects ◽  
Central Function ◽  
Organizational Environments ◽  
Knowledge Based ◽  
Current Systems

Effective risk management is a central function in the successful planning and execution of large infrastructure projects. This paper explores how current knowledge-based approaches for risk management can be improved upon so that they are more responsive to the attributes of a project and the needs of system users. A review of existing knowledge-based systems for risk management provides a backdrop for a discussion on desirable characteristics of such an approach. The proposed methodology adopts a model-based technique in that explicit abstractions of project components and processes, and the physical, regulatory, political, social, financial, economic, contractual, and organizational environments in which they are located, are created to assist in the reasoning about possible risks. This contrasts with several current systems that use only implicit representations. The reasoning schema and models of the physical project and environment that are used for the reasoning process are described in the paper.Key words: risk identification, project modeling, knowledge management, infrastructure projects.

The Development of a Knowledge Based System for the Process of Risk Assessment in the Workplace

2013 ◽  
Vol 446-447 ◽  
pp. 1314-1320 ◽  
Author(s):  
Petr Baron ◽  
Stanislava Šoltésová ◽  
Marek Kočiško
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Systematic Approach ◽  
Risk Identification ◽  
Point Of View ◽  
Assessment Process ◽  
Complex Method ◽  
Work Safety ◽  
Knowledge Based ◽  
Safety And Health

Paper describes possibilities of automatization of risk assessment process on technological workshops from work safety and health protection point of view. Proposed computer system could unload members of reviewing team from routine and repeating activities which are applied in process of risk identification and assessment of observed workplaces. Paper characterizes possibilities of work within form for application of Complex method of risk management on workshops. Developed system represents active part of systematic approach in frame of complex risk management.

Book review: Introduction to Knowledge Based Systems

IEE Review ◽  
1988 ◽  
Vol 34 (1) ◽  
pp. 36
Author(s):  
S.H. Lavington
Keyword(s):  
Knowledge Based Systems ◽  
Knowledge Based

Methodological bases and practice of risk management of regional development (part 1)

2020 ◽  
Vol 18 (2) ◽  
pp. 114-126
Author(s):  
Valery V. Karpov ◽  
Anna G. Breusova ◽  
Anna A. Korableva
Keyword(s):  
Risk Management ◽  
Regional Development ◽  
Regional Economy ◽  
Full Range ◽  
Risk Identification ◽  
Territorial Development ◽  
Public Authorities ◽  
Strategic Risk ◽  
Risk Committee ◽  
State Programs

The article is devoted to the theoretical foundations and analysis of the experience of subjects of the Russian Federation in the field of regional development risk management. The article examines the concept of risk, its difference and relationship with the concepts of uncertainty, threat, danger, security and others. It is determined that dangers are constantly present in the regional economy. And risk, as a measurable uncertainty with multiple outcomes, for which the probability of occurrence of a risk event is calculated, is manifested as a result of the occurrence of a hazard. When comparing the concepts of risk and security, this means that the security of the regional economy is manifested in the ability to resist threats and manage risks, and not in the complete absence of dangers. It is revealed that ISO standards distinguish between the concepts of risk management and risk management. For further discussion, risk management is understood as a systematic approach to using the full range of mechanisms available to public authorities to reduce emerging risks and threats to the socio-economic development of the region. Further, the analysis of risk management in the practice of regional management on the example of the Omsk, Novosibirsk and Tyumen regions is carried out. The relevant tools in the activities of government bodies, such as territorial development strategies, state programs and projects, were identified, which allowed us to introduce a classification of risks with the allocation of strategic, tactical risks of territorial development and project management risks, among which there is a strategic level. The analysis of the implemented tools for compliance with the mandatory stages of risk management showed mainly the absence of risk identification, unified requirements for risk accounting and systematic risk management of regional development. Among the assessed regions, the Tyumen region has the best practices in terms of risk management. For a more detailed analysis authors highlighted the key institutional and instrumental elements of risk management such as risk committee, strategic risk map, risk register, action plan for risk management, and defined logical relationships between them.

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.

Survey of the State-of-the-Art Expert/Knowledge Based Systems in Civil Engineering.

1986 ◽  
Author(s):  
Simon S. Kim ◽  
Mary Lou Maher ◽  
Raymond E. Levitt ◽  
Martin F. Rooney ◽  
Thomas J. Siller
Keyword(s):  
Civil Engineering ◽  
Expert Knowledge ◽  
State Of The Art ◽  
The State ◽  
Knowledge Based Systems ◽  
Knowledge Based
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