Developing a Risk Management Framework and Risk Assessment for Non-profit Organizations: A Case Study

2016 ◽  
pp. 297-308
Author(s):  
Elif Karakaya ◽  
Gencay Karakaya
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Non Profit ◽  
Management Framework ◽  
Risk Management Framework ◽  
Non Profit Organizations

Teaching Case for Addressing Risks with Strategies in an International Airport Project

2013 ◽  
Vol 2 (1) ◽  
pp. 18-35
Author(s):  
Daly Paulose
Keyword(s):  
Risk Management ◽  
Business Strategy ◽  
Theoretical Models ◽  
Management Framework ◽  
Monetary Value ◽  
International Airport ◽  
Risk Management Framework ◽  
South West ◽  
Management Project

This is a case applying risk management, project management, and business strategy theories. The center piece is a successful build-own-operate (BOO) international airport mega-project completed in south-west India. This case study was applied for teaching a university senior-level course in business strategy. The paper explains the risk management framework, expected monetary value (EMV) calculation, and how the theoretical models can be applied to the BOO project. It then presents worked-out solutions to selected EMV problems.

Project risk planning in high-tech new product development

2016 ◽  
Vol 29 (2) ◽  
pp. 110-124 ◽  
Author(s):  
Jorge Ayala-Cruz
Keyword(s):  
Risk Management ◽  
New Product Development ◽  
New Product ◽  
High Tech ◽  
Project Risk ◽  
Content Type ◽  
Management Framework ◽  
Risk Management Framework ◽  
Project Risks

Purpose The purpose of this paper is to present the implementation and testing of a modified project risk management framework that integrates PMI’s framework with Monte Carlo simulation to improve the effectiveness in high-tech new product development (NPD) projects. Design/methodology/approach The modified framework considers three bodies of knowledge: project management, risk management, and Monte Carlo simulation to produce an enhance project risk management framework. Its application is shown through a case study. Findings Using the integrated framework in a recent case study project and prior NPD projects measures (as benchmarks), it was shown that it could help to enhance risk responses caused by task durations and costs’ uncertainties. The framework proved to be better than segregated generic best practices and was key in providing insight to the issue of early project risk assessment. Research limitations/implications More experimental replications are required for enhancement effectiveness assertions of the framework, through the application of the framework to similar case studies. Furthermore, this could improve its reliability and soundness. Practical implications Future directions for research could include case and empirical studies that include hypothesis’s testing, and the integration of optimization procedure for improved NPD project’s planning and execution. Originality/value This paper outlines a way to close the gap of project risks management planning in NPD’s initiatives. It was motivated by a relatively new tendency in exploring integrated frameworks to deal with complex project risks issues.

Teaching Case for Addressing Risks with Strategies in an International Airport Project

2015 ◽  
pp. 1025-1043
Author(s):  
Daly Paulose
Keyword(s):  
Risk Management ◽  
Business Strategy ◽  
Theoretical Models ◽  
Management Framework ◽  
Teaching Case ◽  
Monetary Value ◽  
International Airport ◽  
Risk Management Framework ◽  
Management Project

This is a case applying risk management, project management, and business strategy theories. The center piece is a successful build-own-operate (BOO) international airport mega-project completed in south-west India. This case study was applied for teaching a university senior-level course in business strategy. The paper explains the risk management framework, expected monetary value (EMV) calculation, and how the theoretical models can be applied to the BOO project. It then presents worked-out solutions to selected EMV problems.

175 years of financial risks and returns in central banking: Danmarks Nationalbank, 1839–2014

2017 ◽  
Vol 24 (3) ◽  
pp. 307-329 ◽  
Author(s):  
Kim Abildgren
Keyword(s):  
Risk Management ◽  
Central Banking ◽  
Financial Risks ◽  
Management Framework ◽  
Risk Management Framework ◽  
Long Term Trends ◽  
Basic Functions ◽  
Core Earnings

This article explores long-term trends in risks and returns within central banking using Danmarks Nationalbank as a case study. Core earnings generated by the basic functions and the associated risks typical of a central bank accounted on average for most of the Nationalbank's financial returns over the past 175 years. For a long period, this was the result of a passive risk-management strategy under which financial risks and returns just reflected the various functions performed by the Nationalbank and not the outcome of a deliberate decision-making process. A formalised and holistic risk-management framework was introduced only in the 1990s.

scholarly journals Risk Management Implementation in Indonesian State Budget Fiscal Risk Disclosure

2021 ◽  
Vol 11 (1) ◽  
pp. 24
Author(s):  
Audra Rizki Himawan ◽  
Yanuar Pribadi
Keyword(s):  
Risk Management ◽  
Financial Risk ◽  
The State ◽  
Management Unit ◽  
Risk Disclosure ◽  
State Budget ◽  
Management Framework ◽  
Risk Management Framework ◽  
Fiscal Risk

Fiscal risk management is part of the management of financial risk in the State Budget. Basically, these risks are interrelated although they are different things. State financial risk as an inherent risk of State Budget has a different process from fiscal risk management. This study aims to evaluate the management process and disclosure of fiscal risk in the State Budget using a case study-qualitative approach. The integration of the risk management system between the risk management unit and the fiscal risk management unit, and development of fiscal risk management framework could improve the process of managing and disclosing fiscal risk in the Budget Statement.

scholarly journals A Risk Management Framework for New Product Development: A Case Study

2014 ◽  
Vol 13 (2) ◽  
pp. 203-209 ◽  
Author(s):  
Chompoonoot Kasemset ◽  
Jaruwan Wannagoat ◽  
Wassanai Wattanutchariya ◽  
Korrakot Y. Tippayawong
Keyword(s):  
Risk Management ◽  
Product Development ◽  
New Product Development ◽  
New Product ◽  
Management Framework ◽  
Risk Management Framework

A Risk Management Framework for Unmanned Underwater Vehicles Focusing on Human and Organizational Factors

2015 ◽  
Author(s):  
Christoph Alexander Thieme ◽  
Ingrid Bouwer Utne ◽  
Ingrid Schjølberg
Keyword(s):  
Risk Management ◽  
Autonomous Underwater Vehicle ◽  
Organizational Factors ◽  
Underwater Vehicles ◽  
Tree Analysis ◽  
Management Framework ◽  
Unmanned Underwater Vehicles ◽  
Risk Management Framework ◽  
Human And Organizational Factors

This paper presents a risk management framework (RMF) for unmanned underwater vehicles (UUV). UUV are tethered or untethered vehicles operating in hazardous surroundings. The RMF, as one of the first for UUV, emphasizes the need for considering human and organizational factors impact on risk. A case study on risk assessment has been carried out, covering the risk of loss and mission abort of an autonomous underwater vehicle. It is based on a case study of the Applied Underwater Robotics Laboratory of NTNU, which operates several UUV. The assessment applies human reliability analysis, fault tree analysis, and event tree analysis. The case study identified measures for risk reduction, such as improvement and adaptation of procedures for maintenance, planning of missions, and fault recognition and solving.

An Integrated Risk Management Framework

2017 ◽  
pp. 470-486
Author(s):  
Stefan Thalmann ◽  
Markus Manhart ◽  
Paolo Ceravolo ◽  
Antonia Azzini
Keyword(s):  
Risk Management ◽  
Process Mining ◽  
Management Framework ◽  
Risk Management Framework ◽  
Management Standards ◽  
Integrated Risk ◽  
Knowledge Protection ◽  
Organizational Risk ◽  
Integrated Risk Management

Organizational risk management should not only rely on protecting data and information but also on protecting knowledge which is underdeveloped in many cases or measures are applied in an uncoordinated, dispersed way. Therefore, we propose a consistent top-down translation from the organizational risk management goals to implemented controls to overcome these shortcomings. Our approach adopted from the domain of IT security management allows to measure how well knowledge protection is actually pursued in organizations. This affects organizations' abilities to prove compliance to risk management standards, laws, guidelines, or frameworks and creates transparency throughout the whole knowledge protection processes. After introducing our integrated risk management framework, we demonstrate how the technical part of the framework can be implemented by using process mining in a case study of an Italian aerospace company.

scholarly journals Risk Management Framework for Distributed Software Team: A Case Study of Telecommunication Company

2019 ◽  
Vol 161 ◽  
pp. 178-186
Author(s):  
Wan Suzila Wan Husin ◽  
Yazriwati Yahya ◽  
Nurulhuda Firdaus Mohd Azmi ◽  
Nilam Nur Amir Sjarif ◽  
Suriayati Chuprat ◽  
...  
Keyword(s):  
Risk Management ◽  
Distributed Software ◽  
Management Framework ◽  
Risk Management Framework ◽  
Telecommunication Company ◽  
Software Team
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