Behavioral Risk Management of Large-Scale Projects

2019 ◽  
pp. 7-11
Author(s):  
E. Ted Prince
Keyword(s):  
Risk Management ◽  
Large Scale ◽  
Behavioral Risk

Reanalysis of Flash Floods and Debris Flows on two continents and their management strategies

2021 ◽  
Author(s):  
Juan Daniel Rios-Arboleda
Keyword(s):  
Risk Management ◽  
Developing Countries ◽  
South America ◽  
Debris Flow ◽  
Debris Flows ◽  
Large Scale ◽  
Management Strategies ◽  
Original Analysis ◽  
Risk Management Strategies ◽  
Latitudinal Patterns

<p>This research expands the original analysis of Baker and Costa (1987) including data from Europe and South America with the objective to understand if there are emerging latitudinal patterns. In addition, the threshold proposed by Zimmermann et al. (1997) it is evaluated with the data from tropical zones finding that this is a good predictor.</p><p>Mainly, recent Debris Flow occurred in South America are analyzed with the aim of identifying the best risk management strategies and their replicability for developing countries, particularly, the cases that have occurred in Colombia and Venezuela in the last 30 years are analyzed in order to compare management strategies and understand which are the most vulnerable areas to this phenomenon.</p><p>It is concluded that large-scale and multinational projects such as SED ALP are required in South America to better characterize events that have left multiple fatalities (sometimes hundreds of people) and better understand how to manage the risk on densely populated areas.</p><p>Finally, the use of amateur videos is proposed to characterize these events in nations with limited budgets for projects such as SED ALP, methodology that will be described extensively in later works.</p>

Comprehensive Assessment of Behavioral Risk Factors within the Health Risk Management System for Oil Refinery Operators

2021 ◽  
pp. 16-21
Author(s):  
NI Latyshevskaya ◽  
VV Mirochnik ◽  
LA Davydenko ◽  
AI Kireeva ◽  
AV Belyaeva
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Health Risk ◽  
Oil Refinery ◽  
Behavioral Risk Factors ◽  
Behavioral Risk ◽  
Age Group ◽  
Volgograd Region ◽  
Comprehensive Health ◽  
Health Risk Management

Summary. Introduction: Comprehensive risk management considering behavioral risk factors is a possible way to minimize adverse health effects of occupational factors. The purpose of the study was assess behavioral risk factors and to develop appropriate measures for preventing occupational diseases in oil refinery operators. Materials and methods: The observation groups included crude oil treatment operators of Ritek LLC in the Volgograd Region located in the subarid climatic zone. The first group consisted of 100 workers under the age of 35 while the second group consisted of 106 workers aged 36-60. Previously published studies were used to substantiate priority occupational risk factors for the operators. To assess lifestyle habits, we conducted a questionnaire-based survey and analyzed data in terms of their statistical significance and real controllability using a multidimensional confirmatory factor analysis. Results: We established that the priority occupational health risks of operators in the climatic conditions of the Volgograd Region included labor severity and intensity (3.1) and hot environment (3.2) posing a high occupational risk of disrupting the thermal state (overheating) of workers. We also identified typical behavioral risk factors, the prevalence and quantitative burden of which was age-specific. In the younger age group, bad habits and poor healthcare activity (reluctance to seek medical advice) generated the highest burdens (943 conditional units each) while in the older age group, major burdens were generated by bad habits and malnutrition (849 and 501 units, respectively). The developed mathematical model proved that a comprehensive health risk management for workers exposed to occupational hazards is feasible by correcting certain behavioral risk factors: a 10 % and 50 % decrease in the burden of bad habits and poor healthcare activity led to a 1.1 and 1.5-fold decrease in the extent of health risk, respectively. Conclusion: The study revealed the most significant behavioral risk factors affecting health of oil refinery operators and substantiated options of the most optimal interaction between the elements of the system reducing the overall risk to human health. Comprehensive health risk management based on optimal interaction of system elements (both occupational and behavioral risk factors) reduces health risks for oil refinery operators.

scholarly journals RISK MANAGEMENT SYSTEM ON RAILWAY TRANSPORT

2021 ◽  
Author(s):  
Olena Tsvirko ◽  
Denys Krylov
Keyword(s):  
Risk Management ◽  
Management System ◽  
Large Scale ◽  
Structural Reform ◽  
Railway Transport ◽  
Short Term ◽  
Risk Assessment Models ◽  
Risk Management System ◽  
Risk Management Process ◽  
Iso 31000

The article considers the concept of "risk in railway transport", identifies the types of risks that exist in the railway transport of Ukraine; determined that the processes of transformation of economic relations in Ukraine require the deepening of theoretical and practical developments in risk management in the field of railway transport; the risk management process according to the ISO 31000: 2018 standard is given; according to the implemented Strategy and Policy of JSC "Ukrzaliznytsia" the main tasks of the risk management system are defined and the risk map of JSC "Ukrzaliznytsia" is developed; The results of the structural reform of railway transport were insufficient to create effective sources of development in the short term, which will ensure large-scale attraction of funds for the development of the industry and its modernization. The results of the structural reform of railway transport were insufficient to create effective sources of development in the short term, which will ensure large-scale attraction of funds for the development of the industry and its modernization. Many types of risks that need to be assessed, as well as different purposes of assessing the same type of risk (for the purposes of state supervision and company purposes) provide JSC "Ukrzaliznytsia" a real challenge in terms of building risk assessment models. The task of applying the method of assessing a specific type of risk is significantly different from the task of building a methodology for assessing the risks of a large company. In solving this problem, it is important to keep in mind that a method successfully applied in one area may be completely ineffective in another. Risk classification of JSC "Ukrzaliznytsia" should be carried out taking into account the existing management structure, as well as the tasks to be solved at each level of management; the effect of the risk management system should be synergistic, each element of each level of management should be effective: from the structural unit at the linear level to the department of the corporate level of management. Currently, for the company's internal purposes, several dozen risks have been formulated related to various areas of life of JSC UZ: from financial activities to locomotive maintenance and innovative development.

scholarly journals Large-scale application of the flood damage model RAilway Infrastructure Loss (RAIL)

2016 ◽  
Vol 16 (11) ◽  
pp. 2357-2371 ◽  
Author(s):  
Patric Kellermann ◽  
Christine Schönberger ◽  
Annegret H. Thieken
Keyword(s):  
Risk Management ◽  
Risk Aversion ◽  
Flood Risk ◽  
Structural Damage ◽  
Large Scale ◽  
Damage Model ◽  
Flood Damage ◽  
Railway Infrastructure ◽  
Increased Risk ◽  
The Impact

Abstract. Experience has shown that river floods can significantly hamper the reliability of railway networks and cause extensive structural damage and disruption. As a result, the national railway operator in Austria had to cope with financial losses of more than EUR 100 million due to flooding in recent years. Comprehensive information on potential flood risk hot spots as well as on expected flood damage in Austria is therefore needed for strategic flood risk management. In view of this, the flood damage model RAIL (RAilway Infrastructure Loss) was applied to estimate (1) the expected structural flood damage and (2) the resulting repair costs of railway infrastructure due to a 30-, 100- and 300-year flood in the Austrian Mur River catchment. The results were then used to calculate the expected annual damage of the railway subnetwork and subsequently analysed in terms of their sensitivity to key model assumptions. Additionally, the impact of risk aversion on the estimates was investigated, and the overall results were briefly discussed against the background of climate change and possibly resulting changes in flood risk. The findings indicate that the RAIL model is capable of supporting decision-making in risk management by providing comprehensive risk information on the catchment level. It is furthermore demonstrated that an increased risk aversion of the railway operator has a marked influence on flood damage estimates for the study area and, hence, should be considered with regard to the development of risk management strategies.

SEARCH FOR NEW METHODOLOGICAL APPROACHES AND METHODS IN RISK MANAGEMENT

2021 ◽  
Vol 54 (2) ◽  
pp. 35-47
Author(s):  
Svetlana N. Dvoryatkina ◽  
◽  
Arseny M. Lopukhin ◽  
Keyword(s):  
Risk Management ◽  
Large Scale ◽  
Quantitative Methods ◽  
Knowledge Bases ◽  
Fractal Model ◽  
Educational Process ◽  
Machine Learning Algorithms ◽  
Risk Modeling ◽  
Negative Consequences ◽  
Fractal Approach

The study actualized the complex and large-scale problem of adapting the theory of risk man-agement for the education system. A comprehensive analysis of domestic and international stud-ies revealed the lack of a theoretical framework, a general methodological vision of the problem of riskiness and risk-taking in the educational sphere. While effective management of education-al activities, ensuring the development of the competitiveness of the individual in the labor mar-ket and its potential for active participation in the life of society is possible on the basis of the modern paradigm of risk management, integrating achievements in pedagogical, economic, mathematical and computer sciences. A new methodology in the study is the fractal approach, which defines the idea of quantitative and qualitative analysis and assessment of the risk of non-formation of professional competencies, complex educational and cognitive constructs of subject activity. The fractal model of assessing the formation of knowledge and competencies, its risk landscape, taking into account the subject and cognitive divergence, will ensure the effective-ness of the structure of knowledge storage in the educational process, minimizing the time for building space and engineering knowledge bases, and the depth of solving the problem of pre-dicting educational risks. New methods of risk modeling based on machine learning algorithms and factor analysis, methods for constructing neural integrators, quantitative methods with and without taking into account the probability distribution will ensure the accuracy and speed of risk assessment and prediction, will allow one to identify new patterns of risk activity and further ways to develop the theory of risk. The presented effective strategies and innovative tools will solve the problem of minimizing unplanned chaos, the cascade of negative consequences of risky situations, including the COVID-19 epidemic.

Risk Management Decisions and Organizational Structure in the Case of a Development Management Firm

2013 ◽  
pp. 181-202
Author(s):  
Mohammad Baydoun
Keyword(s):  
Risk Management ◽  
Saudi Arabia ◽  
Organizational Structure ◽  
Large Scale ◽  
Management Practices ◽  
Decision Makers ◽  
Management Approach ◽  
Development Projects ◽  
High Level ◽  
Large Scale Project

This case aims to analyze risk management practices of Millennium Development International (MDI) and suggest enhancements based on a theoretical framework derived from the literature while considering the implications to its organizational structure. Al-Shamiyah project in Makkah, Saudi Arabia, is used as an example to illustrate the practices of MDI. Due to a high level of risk associated with large-scale development projects, it is argued that the traditional risk management approach is not convenient to the context of these projects. Each large-scale project has a high level of uniqueness that renders benchmarks generated out of previous projects obsolete. Hence, a reactive risk management approach is being promoted. For the purpose of optimizing this approach, engaging necessary experts and securing the presence of key decision makers in the process, the formulated system defines key milestones at which risks need to be assessed and proper decisions need to be taken.

Risk Management Decisions and Organizational Structure in the Case of a Development Management Firm

2016 ◽  
pp. 1220-1237 ◽  
Author(s):  
Mohammad Baydoun
Keyword(s):  
Risk Management ◽  
Saudi Arabia ◽  
Organizational Structure ◽  
Large Scale ◽  
Management Practices ◽  
Decision Makers ◽  
Management Approach ◽  
Development Projects ◽  
High Level ◽  
Large Scale Project

This case aims to analyze risk management practices of Millennium Development International (MDI) and suggest enhancements based on a theoretical framework derived from the literature while considering the implications to its organizational structure. Al-Shamiyah project in Makkah, Saudi Arabia, is used as an example to illustrate the practices of MDI. Due to a high level of risk associated with large-scale development projects, it is argued that the traditional risk management approach is not convenient to the context of these projects. Each large-scale project has a high level of uniqueness that renders benchmarks generated out of previous projects obsolete. Hence, a reactive risk management approach is being promoted. For the purpose of optimizing this approach, engaging necessary experts and securing the presence of key decision makers in the process, the formulated system defines key milestones at which risks need to be assessed and proper decisions need to be taken.

Dynamic suppliers' risk management of large‐scale and complex equipment development

Kybernetes ◽  
2012 ◽  
Vol 41 (7/8) ◽  
pp. 839-850 ◽  
Author(s):  
Wenfeng Yuan ◽  
Sifeng Liu ◽  
Chaoqing Yuan
Keyword(s):  
Risk Management ◽  
Large Scale ◽  
Equipment Development ◽  
Complex Equipment
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