scholarly journals A holistic risk management framework to address the global noise-induced hearing loss pandemic

2015 ◽  
Vol 12 (3) ◽  
pp. 295-303 ◽  
Author(s):  
Riaan Dirkse van Schalkwyk ◽  
Rigard J. Steenkamp
Keyword(s):  
Risk Management ◽  
Hearing Loss ◽  
Best Practice ◽  
Holistic Approach ◽  
World Health Organisation ◽  
Modern Technology ◽  
World Health ◽  
Noise Induced Hearing Loss ◽  
Management Framework ◽  
Risk Management Framework

The paper presents a holistic risk management framework based on the core corporate governance principles and best-practice technology for addressing the global NIHL (noise-induced hearing loss) pandemic. While some await the announcement of a pharmaceutical drug therapy for hearing loss treatment and prevention, the challenges of noise control continue. Although preventable, the scenario remains tragic in terms of the statistics provided by the World Health Organisation (WHO). NIHL is among the most critical global health risks in terms of productivity, compensation statistics and noise-related deaths every year. Prevention of hearing loss remains the biggest challenge regardless of the availability of modern technology and best practice hearing conservation programmes (HCPs). An explorative research methodology was used to indicate a framework combining best practice with a diligent (bold) corporate and holistic approach to the NIHL problem. In essence, the paper therefore provides a thorough background to the global NIHL pandemic and presents a holistic risk management framework to address the problem

scholarly journals The application of holistic risk management in the banking industry

2007 ◽  
Vol 7 (1) ◽  
Author(s):  
J. Chibayambuya ◽  
D. J. Theron
Keyword(s):  
Risk Management ◽  
Banking Industry ◽  
Good Governance ◽  
Holistic Approach ◽  
Extensive Literature ◽  
Holistic View ◽  
Management Framework ◽  
Risk Management Framework ◽  
Plan Modification ◽  
Management Of Risk

Purpose: The application of holistic risk management is fast becoming a standard measure of good governance in the business arena. What role can holistic risk management play in the management of risk in the financial services industry? The aim of this paper is to propose a holistic risk management framework for the management of risk. Design/Methodology/Approach: A comprehensive framework that covers the holistic view risk management is proposed/developed out of an extensive literature review. Findings: Given the deliberations of various frameworks, a holistic risk management is proposed. The proposed framework ensures that all components of risk management are taken into account when strategizing for risk management in general and holistic risk management in particular; thereby improving the management of risk in the banking industry. Implications: The article proposes a holistic approach to risk management which takes into account all the facets of risk management, e.g. analyzing, planning, strategy, communication, implementation, motivation, systems review and plan modification. This holistic approach, when implemented in the banking industry, can have a significant impact on the improved management of risk. Originality/Value: The new proposed holistic risk management framework offers a fresh perspective of strategizing for risk management in terms of risk analysis, risk planning, risk strategy, risk communication, risk implementation, risk motivation, risk review and risk plan modification.

scholarly journals Implementing A Risk Management Framework In Developing Markets

2013 ◽  
Vol 12 (6) ◽  
pp. 603
Author(s):  
Joseph Chisasa ◽  
Jacobus Young
Keyword(s):  
Risk Management ◽  
Best Practice ◽  
Descriptive Statistics ◽  
Regulatory Requirements ◽  
Risk Models ◽  
Basel Accord ◽  
Management Framework ◽  
Risk Management Framework ◽  
Developing Markets ◽  
The Status

This article assesses the status ofoperational risk management of banks in developing markets in the context ofBasel II. The aim of the article is to determine the extent to which riskmanagement staff is prepared to implement a risk management framework in linewith international best practice. An African commercial bank was examined usingsurvey data collected in July 2010 from 22 employees. The data were analysedusing descriptive statistics. Results obtained indicate knowledge gaps incollecting risk data and the application of risk models as limitations to theimplementation of the framework. The results support the commitment of moretime and financial resources in up-skilling staff if banks in developing marketsare to comply with regulatory requirements as recommended by the Basel Accord.

Risk Management Model in ITIL

2013 ◽  
pp. 207-214
Author(s):  
Sarah Vilarinho ◽  
Miguel Mira da Silva
Keyword(s):  
Risk Management ◽  
Best Practice ◽  
Service Management ◽  
Management Model ◽  
Business World ◽  
Management Framework ◽  
It Service ◽  
Risk Management Framework ◽  
Future Work ◽  
It Risk

ITIL is considered a framework of Best Practice guidance for IT Service Management, and it is widely used in the business world. In spite of this, ITIL has some gaps in Risk Management specification. This chapter approaches this problem in ITIL and compares IT risk management in ITIL to other IT Governance Frameworks. Despite ITIL stating that risk should be identified, measured, and mitigated, it is not clear on how to proceed (no concrete process is defined on how to deal with risk). To solve this, the authors propose to map the M_o_R risk management framework in ITIL, mapping every M_o_R process in ITIL, therefore adopting a strong risk management in ITIL, based on concrete guidelines, without changing the framework. In this chapter, the authors summarize the necessary guidelines and show a planning for future work.

scholarly journals Managers’ Support – A Key Driver behind Enterprise Risk Management Maturity

2017 ◽  
Vol 20 (s1) ◽  
pp. 25-39 ◽  
Author(s):  
Danijela Miloš Sprčić ◽  
Antonija Kožul ◽  
Ena Pecina
Keyword(s):  
Risk Management ◽  
Economies Of Scale ◽  
System Development ◽  
Holistic Approach ◽  
Enterprise Risk Management ◽  
Management Framework ◽  
Risk Management Framework ◽  
Management Processes ◽  
Enterprise Risk ◽  
System Maturity

Abstract Severe consequences of the global fi nancial crisis resulted in re-thinking the risk management processes and approaches, highlighting the need for a comprehensive risk management framework. Consequently, more and more companies are moving away from the Traditional “silo-based” Risk Management (TRM) to a more holistic approach known as Enterprise Risk Management (ERM). This paper presents results of both exploratory and empirical research. First, we develop ERM Index that measures maturity of ERM process within the company. Then, we present empirical results on the level of maturity and determinants of risk management system development in listed Croatian companies. Research indicates low levels of ERM development: even 38 per cent of analysed companies have no elements of ERM system, from which 22 per cent do not manage corporate risks at all. Except the company’s size supported by the economies of scale argument, managers’ support is the most important determinant of ERM system maturity in Croatian companies.

Developing and implementing the risk management framework into business processes of Gazprom transgaz Tomsk Ltd., for implementation of the Eastern gas program of PJSC Gazprom

2020 ◽  
Vol 17 (1) ◽  
pp. 68-77
Author(s):  
V. E. Zaikovsky ◽  
A. V. Karev
Keyword(s):  
Risk Management ◽  
Human Resources ◽  
Management Information System ◽  
Business Processes ◽  
Project Success ◽  
Management Information ◽  
Timely Manner ◽  
Project Approach ◽  
Management Framework ◽  
Risk Management Framework

Project success depends on the ability to respond to risks and make correct decisions in a timely manner. The project approach provides a better framework for implementing a new management system into the company’s business processes. The risk management framework developed by the company comprises a risk management infrastructure, a set of standards, human resources, and a risk management information system. To improve staff compliance, it is necessary to provide training and to communicate the goals of the project effectively. It is also important to develop a motivation system because well trained and motivated staff are able to work more efficiently.

Systems-based accident analysis in the led outdoor activity domain: application and evaluation of a risk management framework

Ergonomics ◽  
2010 ◽  
Vol 53 (8) ◽  
pp. 927-939 ◽  
Author(s):  
P. Salmon ◽  
A. Williamson ◽  
M. Lenné ◽  
E. Mitsopoulos-Rubens ◽  
C.M. Rudin-Brown
Keyword(s):  
Risk Management ◽  
Accident Analysis ◽  
Outdoor Activity ◽  
Management Framework ◽  
Risk Management Framework ◽  
Activity Domain
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