8 Risk Management within Tribally Inclusive Geographic Areas: A Primer for All Risk Managers

2016 ◽  
Keyword(s):  
Risk Management ◽  
Risk Managers

scholarly journals Research for Risk Management of Construction Projects in Taiwan

2021 ◽  
Vol 13 (4) ◽  
pp. 2034
Author(s):  
Chien-Liang Lin ◽  
Bey-Kun Chen
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Structural Equation ◽  
Construction Projects ◽  
Construction Project ◽  
Equation Modeling ◽  
Analysis Model ◽  
Sustainable Operation ◽  
Management Procedure ◽  
Risk Managers

Risks inevitably exist in all stages of a project. In a construction project, which is highly dynamic and complex, risk factors affect the expected achievement rates of the three main performance goals, namely schedule, cost, and quality. A comprehensive risk management procedure requires three crucial steps: risk confirmation, analysis, and treatment. Risk analysis is the core of risk management. Through structural equation modeling, this study developed a risk analysis model that takes a different perspective and considered the occurrence probability of risk events and the extent to which these events affect a project. The contractor dimension was discovered to exert the strongest influence on an overall project, followed by the subcontractor and design dimensions. This paper proposes a novel construction project risk analysis model, which considers the entire project. The proposed model can be used as a reference for risk managers to make decisions about project risks, so as to achieve the ultimate goal of saving resources and the sustainable operation of the construction project.

scholarly journals Risk Management Culture as a Systematic Method for Ensuring Safety Development

2019 ◽  
Vol 8 (4) ◽  
pp. 8652-8657
Keyword(s):  
Risk Management ◽  
Development Strategy ◽  
Management System ◽  
Market Conditions ◽  
Systematic Method ◽  
Management Culture ◽  
Risk Management System ◽  
Risk Managers

Issues of developing a culture of risk management, today is perhaps one of the most significant in risk management. The lack of a well-built risk management culture is for many companies, one of the main barriers to building an effective risk management system. It should be understood that all methods that are used to manage risk are as effective as the culture of risk management in the organisation. It depends on the culture of risk management how secure the organisation can feel as part of its development strategy. The development of a risk management culture, in contrast to increasing the costs of expanding the risk management department, is an intensive way to increase the effectiveness of the risk management system and, as a result, provide the possibility of safe development under any market conditions and challenges. By cultivating a risk management culture for the entire hierarchy of employees, you can achieve much better results than simply hiring expensive risk managers.

Superiority of Basel II over Basel I

2014 ◽  
pp. 158-210
Keyword(s):  
Risk Management ◽  
Basel Ii ◽  
Prudential Supervision ◽  
Communicative Practices ◽  
Empirical Risk ◽  
Global Banking ◽  
Before And After ◽  
Supervision Practices ◽  
Risk Managers ◽  
Insight Into

This chapter explores the presumed superiority of Basel II over Basel I, and assess the effectiveness of Basel II in empirical risk management and prudential supervision practices, as reflected in a series of 15 interviews undertaken with bank risk managers, senior analysts, and supervisors from regulatory authorities in Australia shortly before and after the 2008 global banking crisis. This chapter and the next represent an important contribution, as these experts and professional are charged with the implementation of the Basel framework, and so are well qualified to identify both its strengths and its weaknesses. In addition to providing an insider’s insight into the operation of the Basel II system, the interviews also permit an investigation of the degree of congruency in the approach and views of bank practitioners in one hand, and regulators on the other. The tendencies discovered may be at play also distorting communicative practices in risk management and supervision under the Basel III framework.

MAKING IT REAL: WHAT RISK MANAGERS SHOULD KNOW ABOUT COMMUNITY ENGAGEMENT

2012 ◽  
Vol 14 (02) ◽  
pp. 1250010 ◽  
Author(s):  
MELANIE MURO ◽  
STEVE E. HRUDEY ◽  
SIMON JUDE ◽  
LINDA HEATH ◽  
SIMON POLLARD
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Community Engagement ◽  
Risk Communication ◽  
Land Management ◽  
Decision Processes ◽  
Contaminated Land ◽  
Risk Managers ◽  
Communicating Risk ◽  
Management Of Risk

The "decide-announce-defend" approach to decision-making offers few meaningful opportunities for engagement in decision processes and communities and individuals frequently feel isolated from decisions. Correspondingly, many practitioners believe science is misunderstood by communities and that messages on risk are susceptible to distortion or misrepresentation. Many voices have called for more inclusive approaches to the analysis and management of risk. Here, we draw on theoretical and practical insights from the fields of risk communication, community engagement and contaminated land management, to explore some of the unique issues involved in communicating risk issues to lay audiences, and to identify principles for engaging communities in contaminated land risk management.

scholarly journals The Role of Internal Audit in Risk Management from the Perspective of Risk Managers in the Banking Sector

2021 ◽  
Vol 15 (2) ◽  
pp. 114-129
Author(s):  
Oday Tamimi
Keyword(s):  
Risk Management ◽  
Management Practices ◽  
Banking Sector ◽  
Internal Audit ◽  
Target Population ◽  
Internal Auditing ◽  
The Board Of Directors ◽  
Risk Managers ◽  
Main Factor

The present paper aims to identify the role of internal audit function in risk management from the perspective of risk managers in banks operating in Palestine, with a review of the concept, importance, objectives, and principles of internal audit and its role in risk management for banks. The target population is the risk managers in the banks operating in Palestine. The major findings in the presented paper. First, the main factor in risk management is the risk manager's efficiency, and the internal auditing focuses on evaluating the risk management department and ensuring the efficiency of risk management practices in dealing with these risks. Second, the internal audit departments in the banks operating in Palestine participate in providing advice, suggestions and recommendations for the risk management department. Based on the results, the board of directors and senior management in these banks should continue to pay attention to the risk management department, and the need for coordination between these departments to achieve the best results at the banking and economic levels.

scholarly journals Risk of regulatory failure of “risk-based regulation” while using enterprise risk management as a meta-regulatory toolkit

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mohammad Moniruzzaman
Keyword(s):  
Risk Management ◽  
Financial Regulation ◽  
Self Regulation ◽  
Secondary Data ◽  
Enterprise Risk Management ◽  
Regulatory Regime ◽  
Content Type ◽  
Enterprise Risk ◽  
Regulatory Failure ◽  
Risk Managers

PurposeDebate is growing around the expansion of risk-based regulation. The regulation scholarship provides evidence of regulatory failure of the risk-based approach in different domains, including financial regulation. Therefore, this paper aims to provide cautionary evidence about the risk of regulatory failure of risk-based strategy in the financial regulation while using enterprise risk management (ERM) as a meta-regulatory toolkit.Design/methodology/approachBased on interview data gathered from 30 risk managers of banks and five regulatory personnel, combined with secondary data, this study mainly explores the challenges for meaningful use of ERM based self-regulation in regulated banks. The evidence helps to assess the risk of regulatory failure of the risk-based regulation while using ERM.FindingsThe evidence reflects that regulated banks face diverse challenges arising from both peripheral and internal environments that limit the true internalization of ERM-based self-regulation. Despite this, the regulator uses this self-regulation as a meta-regulatory toolkit under the risk-based regulation to achieve the regulatory aims. However, the lack of true internalization of ERM based self-regulation is likely to raise the risk of regulatory failure of risk-based regulation to achieve the regulatory goals. Risk-based regulation is an evolving strategy in the regulatory regime. Therefore, care should be taken while using ERM as a regulatory toolkit before relying on it substantially.Originality/valueThe paper provides empirical insights about the challenges for effective use of ERM as a meta regulatory toolkit that might be useful practically both to the regulators and regulated firms.

Risk Assessment and Risk Management of Vitamins and Minerals

2004 ◽  
Vol 74 (3) ◽  
pp. 223-233 ◽  
Author(s):  
Hornig ◽  
Walter
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Research Agenda ◽  
Nutrition Science ◽  
Nutrition Research ◽  
Risk Managers

The EANS workshop held in 1998 examined the various approaches to determine requirements and safety of vitamins and minerals. The methodology used and approaches taken on both sides of the Atlantic provided the focus of the event. Over three years later, and with risk assessment much advanced, the progress made was reviewed and inadequacies as well as limitations were defined. In addition, this workshop looked beyond assessment to the broader context in which nutrition science operates. What are the particular problems facing risk managers in the light of risk assessment conclusions? To what extent can nutrition research provide the answers that risk managers require and should the nutrition research agenda be shaped by the needs of the policymaker?

Linking Quantitative Exposure Assessment and Risk Management Using the Food Safety Objective Concept: An Example with Listeria monocytogenes in Different Cross-Contamination Scenarios

2006 ◽  
Vol 69 (10) ◽  
pp. 2384-2394 ◽  
Author(s):  
F. PÉREZ-RODRÍGUEZ ◽  
E. C. D. TODD ◽  
A. VALERO ◽  
E. CARRASCO ◽  
R. M. GARCÍA ◽  
...  
Keyword(s):  
Risk Management ◽  
Listeria Monocytogenes ◽  
Food Safety ◽  
Hand Washing ◽  
Cross Contamination ◽  
Transfer Rates ◽  
Management Interventions ◽  
Scenarios Analysis ◽  
Washing Method ◽  
Risk Managers

A practical approach was used to achieve specified food safety objectives (FSOs) by incorporating risk assessment methodology. A series of cross-contamination scenarios at the retail level were evaluated in a spreadsheet and ranked according to their level of risk, and the degree to which they exceeded an FSO for Listeria monocytogenes (100 CFU/g) was determined. Percentiles and analyses of variance were used to identify which scenarios would be most likely not to achieve the FSO. It was also possible to incorporate into the model the effect of additional risk management interventions (e.g., hand washing method) by using “what if” scenarios analysis. The highest risk corresponded to the use of the same gloves to handle contaminated meat and then sliced ham compared with the safer method of using different gloves to handle each product. Nevertheless, in all scenarios bacterial concentrations could be higher than 108 CFU/g. A significant lack of knowledge regarding the transfer rates of L. monocytogenes was revealed, which provided the model with an important uncertainty component. The “what if” scenarios analysis based on the scenario representing handling food with bare hands followed by hand washing (scenario 2) revealed that the hand washing procedure had less impact than expected. This study illustrates the use of scenarios to model the most effective food processes and thus provide risk managers with appropriate information on which to base their decisions.

scholarly journals A decision-support methodology for assessing the sustainability of natural risk management strategies in urban areas

2014 ◽  
Vol 14 (12) ◽  
pp. 3207-3230 ◽  
Author(s):  
A. M. Edjossan-Sossou ◽  
O. Deck ◽  
M. Al Heib ◽  
T. Verdel
Keyword(s):  
Risk Management ◽  
Decision Support ◽  
Urban Areas ◽  
Management Strategies ◽  
Ecological Impacts ◽  
Natural Risk ◽  
The Sustainable Development ◽  
Risk Management Strategies ◽  
Decision Making Processes ◽  
Risk Managers

Abstract. This paper attempts to provide a decision support framework that can help risk managers in urban areas to improve their decision-making processes related to sustainable management. Currently, risk management strategies should no longer be selected based primarily on economic and technical insight. Managers must address the sustainability of risk management by assessing the impacts of their decisions on the sustainable development of a given territory. These assessments require tools that allow ex ante comparisons of the effectiveness and the likely economic, social and ecological impacts of the alternative management strategies. Therefore, this paper reports a methodological and operational framework, which aims to incorporate sustainability principles in a particular decision by taking all the dimensions that affect sustainability into account. This paper is divided into two main parts: one on the theoretical aspects of the proposed methodology and the other on its application to a flood risks management case in a municipality located in Meurthe-et-Moselle county (France). The results of the case study have shown how the methodology can be suitable for determining the most sustainable decision.

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