Operational Risk Monitoring and Control

2016 ◽  
pp. 87-130
Author(s):  
Douglas Robertson
Keyword(s):  
Operational Risk ◽  
Monitoring And Control ◽  
Risk Monitoring ◽  
And Control

scholarly journals The utilization of project risk monitoring and control practices and their relationship with project success in construction projects

2022 ◽  
Vol 7 (1) ◽  
pp. 35-52 ◽  
Author(s):  
Kennedy Christopher Obondi
Keyword(s):  
United States ◽  
Construction Projects ◽  
Project Success ◽  
The United States ◽  
Risk Identification ◽  
Project Managers ◽  
Monitoring And Control ◽  
Project Risk ◽  
Risk Monitoring ◽  
And Control

Risk monitoring and control is often poorly implemented in construction projects because of a failure to monitor and manage identified risks. Construction companies experience significant losses due to project managers' lack of project risk monitoring and control in construction projects. Most studies have concentrated on risk identification, risk assessment, and risk analysis processes while neglecting crucial risk management processes of risk control, risk monitoring, and risk response. The lack of research on these three crucial processes highlights a gap in the literature concerning how these processes can increase the delivery of successful projects. The purpose of this study was to examine whether the utilization of project risk monitoring and control practices was related to project success in construction projects in the United States. An electronic survey instrument was used to collect data from a sample of 50 construction project managers in the Dallas-Fort Worth area in the state of Texas, in the United States. Spearman rho correlation analysis was used to examine the relationship between project risk monitoring and control practices and project success. The results of this study indicated that all project risk monitoring and control practices, including risk reassessment, risk audits, contingency reserves analysis, and risk status meetings, were significantly and positively related to project success in construction projects. One of the recommendations presented in this study was that future research should conduct the same study in developing countries to see if the study’s findings remain the same and generalizable. The study concluded that construction organizations should regularly consider the importance and usage of project risk monitoring and control practices and apply them to improve the success rate of a project.

Risk Monitoring and Control in Audit Firms: A Research Synthesis

2008 ◽  
Vol 27 (1) ◽  
pp. 187-218 ◽  
Author(s):  
Jean C. Bedard ◽  
Donald R. Deis ◽  
Mary B. Curtis ◽  
J. Gregory Jenkins
Keyword(s):  
Quality Control ◽  
Decision Aids ◽  
Auditor Independence ◽  
Review Literature ◽  
Research Literature ◽  
Monitoring And Control ◽  
Firm Level ◽  
Risk Monitoring ◽  
Audit Firms ◽  
And Control

This paper summarizes the research literature related to audit firm quality control, with a dual purpose: (1) to provide information on the current state of knowledge with regard to the ways in which audit firms monitor and control firm-level risk; and (2) to identify specific areas in which there is currently insufficient research. We review literature on a number of specific topics under the overall heading of firm-level risk monitoring and control, including: client acceptance/continuance procedures, auditor independence (partner and firm rotation, employing former auditors, nonaudit services, partner compensation), electronic decision aids, consultation units, procedures for communicating weaknesses and taking corrective action, and review of engagement activities (including engagement quality reviews, peer reviews, and regulatory inspections). We conclude with a discussion of research relevant to the issue of whether smaller audit firms should be subject to the same level of quality control regulation as larger firms.

The Risk Management Practice of a Deep Foundation Pit Project

2014 ◽  
Vol 638-640 ◽  
pp. 703-709
Author(s):  
Shu Min Nie ◽  
Jun Yan Liu
Keyword(s):  
Risk Management ◽  
Management Practice ◽  
Risk Identification ◽  
Monitoring And Control ◽  
Deep Foundation ◽  
Foundation Pit ◽  
Deep Foundation Pit ◽  
Risk Monitoring ◽  
And Control ◽  
The Empirical Analysis

Risk management consists of Risk Identification, Risk Measurement, Risk Assessment, and Risk Monitoring and Control. This paper based on An office building in Dongying, uses Monitoring data to analyze, in order to gain an applicable Risk Management Practice. This article suggest we have to do the survey work well and also should pay attention to the empirical analysis of experts and field technicians at the same time to analyze risk to deep foundation pit engineering.

scholarly journals Do operational risk and corporate governance affect the banking industry of Pakistan?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Komal Altaf ◽  
Huma Ayub ◽  
Malik Shahzad Shabbir ◽  
Muhammad Usman
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Commercial Banks ◽  
Operational Risk ◽  
Primary Data ◽  
Monitoring And Control ◽  
Content Type ◽  
Operational Risk Management ◽  
And Control ◽  
The Impact

PurposeDue to increase in operational risk, banks are facing huge losses. In order to avoid losses, banks need to manage operational risk. This study aims to analyze the impact of operational risk management (ORM) processes, which include identification, assessment, analysis, monitoring and control in the presence of corporate governance (CG) that can also contribute to effective ORM practices.Design/methodology/approachOperational risk management processes are used to manage operational risk along with CG. Primary data are collected through questionnaire from (167) operational risk managers of commercial banks. Multiple linear regressions has been run to analyze the data.FindingsResults indicate significant impact of CG and operational risk identification (ORI), monitoring and control on ORM practices in commercial banks of Pakistan.Originality/valueThe study suggests policy makers to improve the ORM framework by CG. Beside this, in order to lessen operational risk, proper identification, monitoring and control of operational risk could also contribute.

Computers for data, control and simulation

1988 ◽  
Vol 46 ◽  
pp. 920-921
Author(s):  
David C. Joy
Keyword(s):  
Personal Computers ◽  
Monitoring And Control ◽  
Data Logging ◽  
Data Logger ◽  
Operational Conditions ◽  
Data Control ◽  
The Many ◽  
And Control

Personal computers (PCs) are a powerful resource in the EM Laboratory, both as a means of automating the monitoring and control of microscopes, and as a tool for quantifying the interpretation of data. Not only is a PC more versatile than a piece of dedicated data logging equipment, but it is also substantially cheaper. In this tutorial the practical principles of using a PC for these types of activities will be discussed.The PC can form the basis of a system to measure, display, record and store the many parameters which characterize the operational conditions of the EM. In this mode it is operating as a data logger. The necessary first step is to find a suitable source from which to measure each of the items of interest. It is usually possible to do this without having to make permanent corrections or modifications to the EM.

The magnitude and cost of groundwater monitoring and control in agriculture.

2016 ◽  
Author(s):  
Giacomo Giannoccaro ◽  
Armando Ursitti ◽  
Maurizio Prosperi
Keyword(s):  
Groundwater Monitoring ◽  
Monitoring And Control ◽  
And Control
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