Essential Elements Of A Formal Risk Management Program

1994 ◽  
Author(s):  
J.A. Alderman ◽  
S.J. Lewis
Keyword(s):  
Risk Management ◽  
Essential Elements ◽  
Management Program ◽  
Risk Management Program

FEATURES OF ACCOUNTING AND ANALYTICAL SUPPORT FOR ENTREPRENEURIAL RISK MANAGEMENT

2021 ◽  
Author(s):  
Ruslan Skrynkovskyy ◽  
◽  
Oleh Kramar ◽  
Khrystyna Zamula ◽  
Vasyl Khmyz ◽  
...  
Keyword(s):  
Risk Management ◽  
Management Program ◽  
Negative Consequences ◽  
Development Trends ◽  
Stage Of Development ◽  
Risk Management Program ◽  
Industry Affiliation ◽  
Business Entities ◽  
Entrepreneurial Activities ◽  
The Impact

The article reveals the features of accounting and analytical support for entrepreneurial risk management. It was found that entrepreneurial risk is a certain act as a result of which the business entity may suffer losses. It is proved that entrepreneurial risks should be classified according to the specifics of origin, the specifics of the legal settlement, the specifics of industry affiliation, the specifics of the consequences, the specifics of the duration of the impact of entrepreneurial risk, the specifics of the expression of will, the specifics of the form, the specifics of the level of typicality, the specifics of the level of validity, the specifics of the possibility of assessing and resolving the impact, the specifics of the possibility of insuring entrepreneurial risks, the specifics of the occurrence of entrepreneurial risks by sources of origin, the specifics of the scale of the impact, the specifics of the level of losses and the specifics of character. It is established that the process of entrepreneurial risk management is the process of managing the activities of the business entity as a whole and its individual parts, and takes into account the management of not only existing risks but also potential entrepreneurial risks in space and time, that may occur in the future during entrepreneurial activities. It is determined that the process of entrepreneurial risk management should take into account the stage of preparation and implementation of appropriate measures to reduce the risk as a result of making erroneous decisions by business entities, the stage of reducing the impact of possible negative consequences that may occur, especially, if the entity operates in unexpected changes and alarming development trends, as well the stage of development and implementation of the Declaration on Risk Management and the Risk Management Program. It is established that the important information on which it is possible to estimate possibility of occurrence of entrepreneurial risks, is the accounting reporting. In the perspective of further research, it is recommended to study entrepreneurial risks in Ukraine in the context of such aspects as causes, consequences and management.

Developing Risk Management as New Concept to Manage Risks in Higher Educational Institutions

2016 ◽  
Vol 5 (4) ◽  
pp. 42-52
Author(s):  
Ming-Chang Wu ◽  
Didik Nurhadi ◽  
Siti Zahro
Keyword(s):  
Higher Education ◽  
Risk Management ◽  
Higher Education Institutions ◽  
Education Institution ◽  
Management Program ◽  
High Expectations ◽  
Good Communication ◽  
Commercial Activities ◽  
Risk Management Program ◽  
World Class

Generally, the higher education institutions and students have been significantly increased from year to years in order to meet the needs of global labor and develop the country's economy better. On the other hand, they also carry out teaching, research, community service, and commercial activities. This diversity of activities creates more risks diverse and complex as well as a wealth of opportunities for higher education institutions. A solution considered is by implementing the risk management as a new concept to understand and manage the risks associated with those activities and making new opportunities, is challenging and critical to preserving and protecting reputation, and resources of institutions. This article discussed the importance of the role of risk management and to implement a risk-management program in higher education institutions that have high expectations as a world-class education institution. The risk-management program is also more optimal if it supported by a good communication between all leaders and staffs in the organizational environment.

scholarly journals A Flood Risk Management Program of Wadi Baysh Dam on the Downstream Area: An Integration of Hydrologic and Hydraulic Models, Jizan Region, KSA

2020 ◽  
Vol 12 (3) ◽  
pp. 1069 ◽  
Author(s):  
Mazen M. Abu-Abdullah ◽  
Ahmed M. Youssef ◽  
Norbert H. Maerz ◽  
Emad Abu-AlFadail ◽  
Hasan M. Al-Harbi ◽  
...  
Keyword(s):  
Risk Management ◽  
Flood Risk ◽  
Management Program ◽  
Flood Risk Management ◽  
Dam Failure ◽  
Rainfall Events ◽  
Risk Management Program ◽  
Dam Site ◽  
The Impact ◽  
Sea Coast

For public safety, especially for people who dwell in the valley that is located downstream of a dam site, as well as the protection of economic and environmental resources, risk management programs are urgently required all over the world. Despite the high safety standards of dams because of improved engineering and excellent construction in recent times, a zero-risk guarantee is not possible, and accidents can happen, triggered by natural hazards, human actions, or just because the dam is aging. In addition to that is the impact of potential climate change, which may not have been taken into account in the original design. A flood risk management program, which is essential for protecting downstream dam areas, is required. Part of this program is to prepare an inundation map to simulate the impact of dam failure on the downstream areas. The Baysh dam has crucial importance both to protect the downstream areas against flooding, to provide drinking water to cities in the surrounding areas, and to use the excess water for irrigation of the agricultural areas located downstream of the dam. Recently, the Kingdom of Saudi Arabia (KSA) was affected by extraordinary rainstorm events causing many problems in many different areas. One of these events happened along the basin of the Baysh dam, which raised the alarm to the decision makers and to the public to take suitable action before dam failure occurs. The current study deals with a flood risk analysis of Wadi Baysh using an integration of hydrologic and hydraulic models. A detailed field investigation of the dam site and the downstream areas down to the Red Sea coast has been undertaken. Three scenarios were applied to check the dam and the reservoir functionality; the first scenario at 100- and 200-year return period rainfall events, the second scenario according to the Probable Maximum Precipitation (PMP), and the third scenario if the dam fails. Our findings indicated that the Baysh dam and reservoir at 100- and 200-year rainfall events are adequate, however, at the PMP the water will spill out from the spillway at ~8900 m3/s causing flooding to the downstream areas; thus, a well-designed channel along the downstream wadi portion up to the Red Sea coast is required. However, at dam failure, the inundation model indicated that a vast area of the section downstream of the dam will be utterly devastated, causing a significant loss of lives and destruction of urban areas and agricultural lands. Eventually, an effective warning system and flood hazard management system are imperative.

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