scholarly journals A New Sustainable Model for Risk Management—RiMM

2019 ◽  
Vol 11 (4) ◽  
pp. 1178 ◽  
Author(s):  
Bogdan Tiganoaia ◽  
Andrei Niculescu ◽  
Olivia Negoita ◽  
Mirona Popescu
Keyword(s):  
Risk Management ◽  
International Standards ◽  
Software Implementation ◽  
Management Model ◽  
Management Process ◽  
The Monte Carlo Method ◽  
Risk Management Process ◽  
Treat All ◽  
A Company

All activities of a company involve risk. In order to achieve its objectives, an organization must identify, analyze, evaluate and then treat all significant risks. According to ISO international standards in the risk field, risk management can be applied to an entire organization, at its many areas and levels, at any time, as well as to specific functions, projects and activities. An effective risk management helps top management of an organization to make optimum decisions and to prevent losses. This paper proposes a new sustainable model for risk management—RiMM. The Sustainable Risk Management model is based on the Monte Carlo method (adapted for risk management process) that is known in the literature but not or very rare applied for this issue of controlling the risks in an organization. There are proposed aspects regarding the design of the model (in five detailed steps—every step with sub steps), a software implementation and an example of a case study that emphasizes the way the model can be used (also to demonstrate its efficiency) for managing risks in an organization. At the end, on conclusions section, the most important points and the contributions of the paper are clearly presented.

Risk Management in Distributed IT Projects

2008 ◽  
pp. 2865-2888
Author(s):  
Rafael Prikladnicki ◽  
Roberto Evaristo ◽  
Jorge Luis Nicolas Audy ◽  
Marcelo Hideki Yamaguti
Keyword(s):  
Risk Management ◽  
Management Process ◽  
Time Zone ◽  
It Projects ◽  
Cultural Boundaries ◽  
Integrated Risk ◽  
Risk Management Process ◽  
Development Center ◽  
Practical Implications

Distributed IT projects exhibit certain features that make them fundamentally different from traditional co-located projects, not only involving additional steps and decisions, but also impacting the risk management process. The goal of this paper is to discuss these impacts and to suggest the development of an integrated risk management process taking into account site dispersion, time zone difference, and cultural boundaries not only at the operational, but also at the tactical and strategic level. We also report results of an exploratory case study conducted in a software development center (a Brazilian subsidiary of a U.S. corporation) in support of such a model, and conclude with a discussion of theoretical and practical implications of our work.

Risk Management in Distributed IT Projects

2009 ◽  
pp. 1243-1257
Author(s):  
Rafael Prikladnicki ◽  
Roberto Evaristo ◽  
Jorge Luis Nicolas Audy ◽  
Marcelo Hideki Yamaguti
Keyword(s):  
Risk Management ◽  
Management Process ◽  
Time Zone ◽  
It Projects ◽  
Cultural Boundaries ◽  
Integrated Risk ◽  
Risk Management Process ◽  
Development Center ◽  
Practical Implications

Distributed IT projects exhibit certain features that make them fundamentally different from traditional co-located projects, not only involving additional steps and decisions, but also impacting the risk management process. The goal of this paper is to discuss these impacts and to suggest the development of an integrated risk management process taking into account site dispersion, time zone difference, and cultural boundaries not only at the operational, but also at the tactical and strategic level. We also report results of an exploratory case study conducted in a software development center (a Brazilian subsidiary of a U.S. corporation) in support of such a model, and conclude with a discussion of theoretical and practical implications of our work.

scholarly journals IMPLEMENTASI MANAJEMEN RISIKO UNDERWRITING PADA PT ASURANSI JASINDO SYARIAH

2020 ◽  
Vol 7 (5) ◽  
pp. 901
Author(s):  
Wahyu Rofikah ◽  
Dina Fitrisia Septiarini
Keyword(s):  
Risk Management ◽  
Secondary Data ◽  
Risk Identification ◽  
Primary Data ◽  
Management Process ◽  
Snowball Sampling ◽  
Descriptive Case Study ◽  
Risk Monitoring ◽  
Risk Management Process

This study purpose to how the risk management process in PT Asuransi Jasindo Syariah with a case study of vehicle insurance class of business. This research uses a qualitative approach with a descriptive case study strategic. The research data was obtained through primary data in the form of interviews and secondary data. The selection of informants in interviews through snowball sampling techniques and secondary data obtained from supporting data in the form of archives, reports and relevant document and literature reviews related to research. The results of this study indicate that PT Asuransi Jasindo Syariah has a significant role in the process of underwriting risk management, especially in vehicle insurance product, which have the highest loss ratio among other products. The underwriting risk management process carried out by PT Asuransi Jasindo Syariah is risk identification, risk measurement, risk monitoring, and risk control.Keywords: risk management, underwriting, syariah insurance

Risk Management in the Context of Analysis of Foreign Economic Activities Performance Indicators by Customs Administrations of EU

2020 ◽  
Vol 22 (1) ◽  
pp. 108-111
Author(s):  
Vitalii Turzhanskyi ◽  
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Risk Analysis ◽  
Performance Indicators ◽  
Economic Activity ◽  
International Standards ◽  
Management Process ◽  
Current Trends ◽  
Risk Management Process ◽  
The Eu

Introduction. EU customs administrations use modern technologies in the customs control process that meet international standards in the field of risk management and WСO recommendations. At the same time, the development of partnerships between customs and business significantly reduces customs barriers, and the use of the most simplified procedures of honest participants in foreign economic activity contributes to the rapid and timely receipt of customs payments to the state budget. It is important to study the experience of EU countries in the analysis of risk-oriented criteria and key indicators of foreign economic activity of economic entities. Purpose. The purpose of the article is to study the features of the risk management process in the EU, to study the main groups of risks, indicators and criteria that characterize the foreign economic activity of economic entities and are analyzed by the EU customs authorities. Results. The article examines the features of the risk management process in the European Union. It is established that risk management of customs risks is associated with the analysis of performance indicators of foreign economic activity and the definition of criteria necessary for the identification and assessment of risk. The stages of the dynamic risk management process in the EU are established: establishment of the strategic, organizational and managerial process of risk management; risk analysis; risk processing; monitoring. The main groups of risks and the main groups of activity indicators of foreign economic activity subjects which are analyzed by customs authorities are defined. It is established that the current trends in the analysis of customs risks are modeling the supply chain of goods, the study of information related to the identified facts are incorrect and facts that may indicate the likelihood of non-compliance with customs legislation. Conclusion. Having studied the experience of the EU, the selection of subjects of foreign economic activity for detailed customs control is based on the analysis of indicators of foreign economic activity of economic operators using a system of risks as a set of criteria indicating possible violations of customs legislation. Therefore, the current trends in risk analysis are to pay more attention to the modeling of the supply chain of goods, research of information and performance of foreign trade entities related to the identified facts of illegality and facts that may indicate possible non-compliance with the rules of movement of goods across customs.

Risk Management in Distributed IT Projects

2010 ◽  
pp. 1723-1738 ◽  
Author(s):  
Rafael Prikladnicki ◽  
Roberto Evaristo ◽  
Jorge Luis Nicolas Audy ◽  
Marcelo Hideki Yamaguti
Keyword(s):  
Risk Management ◽  
Management Process ◽  
Time Zone ◽  
It Projects ◽  
Cultural Boundaries ◽  
Integrated Risk ◽  
Risk Management Process ◽  
Development Center ◽  
Practical Implications

Distributed IT projects exhibit certain features that make them fundamentally different from traditional co-located projects, not only involving additional steps and decisions, but also impacting the risk management process. The goal of this paper is to discuss these impacts and to suggest the development of an integrated risk management process taking into account site dispersion, time zone difference, and cultural boundaries not only at the operational, but also at the tactical and strategic level. We also report results of an exploratory case study conducted in a software development center (a Brazilian subsidiary of a U.S. corporation) in support of such a model, and conclude with a discussion of theoretical and practical implications of our work.

Supply Risk Management Process

2014 ◽  
Vol 3 (4) ◽  
pp. 17-31
Author(s):  
Kunal K. Ganguly ◽  
Prabir Bandyopdhyay
Keyword(s):  
Risk Management ◽  
Study Participant ◽  
Extensive Literature ◽  
Management Process ◽  
Supply Risk ◽  
Automobile Manufacturing ◽  
Structural Framework ◽  
Risk Management Process ◽  
Reduce Risk

The purpose of this study was to develop and analyze an interpretative structural framework for the Supply Risk Management Process (SRMP). The research questions were focused on understanding the casual factors as well as the link between the SRMP and Supplier Selection (SS) process. The Interpretative Structural Modeling (ISM) approach was used to develop a structural framework for the SRMP. An extensive literature followed by discussion with managers in different Indian Automobile companies was completed to identify the strategic enablers for the SRMP. Thirteen strategic enablers were identified and classified into four categories. An Indian Automobile manufacturing company was selected as a case study participant to serve as an authentic practice-based example of the model. The SRMP enablers and the SS factors were applied to the case study organization and analyzed. The significance of this study was that the SRMP enablers and SS factors assist managers to set priorities for decision making purposes. This allows supply chain managers to take proactive steps in order to reduce risk and improve the performance of the organization in the early SRMP stages.

scholarly journals A Case Study of a Best Value Manufacturer

2010 ◽  
Vol 2 (1) ◽  
pp. 57
Author(s):  
Dean Kashiwagi ◽  
Jake Smithwick ◽  
Jacob Kashiwagi ◽  
Kenneth Sullivan
Keyword(s):  
Risk Management ◽  
Chain Structure ◽  
Management Program ◽  
Management Process ◽  
Performance Information ◽  
Best Value ◽  
Risk Management Process ◽  
Risk Management Program ◽  
Low Performance

This is a case study of a construction product manufacturer’s effort to become a profitable manufacturer of roofing systems while providing a best value product to the client (best performance at the lowest cost.) The manufacturer was attempting to become successful with product performance in an industry where low performance of competing products brought a perceived high risk of nonperformance from clients. The manufacturer’s efforts included documentation of performance of their installed product, creating a risk management process, testing the risk management process and creating a supply chain structure which minimized the risk of both the manufacturer and the client. The key component of a best value manufacturer is the identification of the true buyer of their materials is the owner of the facility which buys their product and not the contractors. This paper documents the transformation from not having performance information to having documented performance on their product, developing a risk management program, and exercising their risk management program. This includes the formulation of a performance based contractor program and the application of the Performance Information Risk Management System (PIRMS.)

Supply Risk Management Process

2018 ◽  
pp. 1160-1175
Author(s):  
Kunal K. Ganguly ◽  
Prabir Bandyopdhyay
Keyword(s):  
Risk Management ◽  
Study Participant ◽  
Extensive Literature ◽  
Management Process ◽  
Supply Risk ◽  
Automobile Manufacturing ◽  
Structural Framework ◽  
Risk Management Process ◽  
Reduce Risk

The purpose of this study was to develop and analyze an interpretative structural framework for the Supply Risk Management Process (SRMP). The research questions were focused on understanding the casual factors as well as the link between the SRMP and Supplier Selection (SS) process. The Interpretative Structural Modeling (ISM) approach was used to develop a structural framework for the SRMP. An extensive literature followed by discussion with managers in different Indian Automobile companies was completed to identify the strategic enablers for the SRMP. Thirteen strategic enablers were identified and classified into four categories. An Indian Automobile manufacturing company was selected as a case study participant to serve as an authentic practice-based example of the model. The SRMP enablers and the SS factors were applied to the case study organization and analyzed. The significance of this study was that the SRMP enablers and SS factors assist managers to set priorities for decision making purposes. This allows supply chain managers to take proactive steps in order to reduce risk and improve the performance of the organization in the early SRMP stages.

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