Evaluating Risk Management in Jordanian Construction Projects: An ISO 31000-2009 Implementation Perspective

2018 ◽  
pp. 321-330
Author(s):  
Naser Abuyassin ◽  
A. S. H. Yousif ◽  
Najm A. Najm
Keyword(s):  
Risk Management ◽  
Construction Projects ◽  
Iso 31000

STAKEHOLDERS’ RISK ASSESSMENT OF THE INVESTMENT CONSTRUCTION PROJECT

2018 ◽  
pp. 143-148
Author(s):  
Sergey Kolankov ◽  
Nadezhda Rubtsova
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Construction Projects ◽  
Practical Importance ◽  
Business Development ◽  
Risk Characteristics ◽  
Individual Project ◽  
Iso 31000 ◽  
The Given

Objective: To consider the risks both from the viewpoint of potential losses and implementation of extra opportunities. To analyze the aims of investment construction projects being one of the vital risk characteristics, State Standard R ISO 31000–2010. Risk management. Foundations and management. To state the main principles of risk analysis, as well as to perform the assessment of parties of the given process: proprietors (users for the purpose of one’s own requirements), investors, lessees, developers, professional (trust) managers. Methods: The methods of generalization, comparison and economic analysis were applied. Results: The notion of risks, as well as the concepts of risks, connected with a person’s wish to avoid the loss and acquire additional opportunities, was defined; investment construction projects, as well as the notion of “uncertainty” and the process of risk management were described. The classification of risks, their description by the main stakeholders of the investment construction projects was given. Practical importance: The conclusion was made on the appropriateness of detecting possible sources of business development during risk analysis, as well as running investment construction projects, personalization of risks for individual project stakeholders, expert judgement concept of obtained information feasibility on the extent of risk.

Strategies for Survival of the World — Risk Management

2019 ◽  
Vol 10 (4) ◽  
Author(s):  
Jovo Lojanica ◽  
Keyword(s):  
Risk Management ◽  
Native Americans ◽  
National Level ◽  
Country Level ◽  
Management Standards ◽  
Family Level ◽  
Future Challenges ◽  
Iso 31000 ◽  
History Of ◽  
Personal Level

All management standards have requirements for different aspects of improvements on the personal level, family level, company level, in business and life. What is about national level and country level? Is it possible for today’s generations to learn history of nations and of civilizations? If it is — ok, let’s apply it on actual time and people to have less problems and difficulties — especially if is actual in field of risk management. Majority of people are occupied by today’s problems. They don’t consider past and future challenges. People from each country strive for better quality, better and cleaner environment, higher safety etc. historically and today. But could we remember: How did Genghis Khan conquer many regions and how was he defeated? How did Mayas and Aztecs die out? How were Native Americans in North America drastically reduced in numbers? How did the Roman Imperium vanish? How was the Ottoman Imperium established and how it vanished? How many people were killed in the wars in XX century, etc? In all these catastrophic changes risks were not considered in an adequate way. Requirements of risk management — Principles and guidelines — ISO 31000:2009 are very consultative. They could be used on country level, national level, regional level, continental and intercontinental level.

Does the hiring of chief risk officers align with the COSO/ISO enterprise risk management frameworks?

2017 ◽  
Vol 25 (3) ◽  
pp. 274-295 ◽  
Author(s):  
Erastus Karanja
Keyword(s):  
Risk Management ◽  
Enterprise Risk Management ◽  
Clear Understanding ◽  
Press Releases ◽  
Apparent Lack ◽  
Content Type ◽  
Business Operations ◽  
Enterprise Risk ◽  
The Press ◽  
Iso 31000

Purpose There are two main industry-sanctioned enterprise risk management (ERM) models, that is, COSO 2004 and ISO 31000:2009, that firms refer to when implementing ERM programs. Taken together, the two ERM models specify that firms should implement ERM programs to meet a strategic need, improve operations and reporting or to comply with government regulations or industry best practices. In addition, the focus of ERM implementation should be either the subsidiary, business unit, division, firm/entity or global level. The purpose of this study is to investigate whether firms are aligning their ERM implementations with these tenets: strategy, operations, reporting, compliance and the level of implementation. Design/methodology/approach The proxy for ERM implementation is the hiring of a Chief Risk Officer (CRO). The research data come from a sample of 122 US firms that issued a press release following the hiring of a CRO between 2010 and 2014. The press releases were retrieved and aggregated through content analysis in LexisNexis Academic. Findings The results reveal that many ERM implementations are occurring at the firm/entity level, and with the exception of reporting, firms consider ERM to be a strategic firm resource capable of improving business operations and compliance initiatives. Originality/value There is a dearth of research studies specifically investigating whether ERM programs adopted by firms are aligned with the specification of COSO 2004 and ISO 31000:2009 frameworks. The apparent lack of a clear understanding of the alignment between the firm ERM programs and the industry’s ERM frameworks may limit the development and implementation of ERM and the eventual realization of the benefits associated with a successful ERM implementation.

Achieving sustainability through integrating risk management into the architectural design process

2018 ◽  
Vol 16 (1) ◽  
pp. 25-43 ◽  
Author(s):  
Ayman Ahmed Ezzat Othman ◽  
Nermeen Mohamed Amin Abdelwahab
Keyword(s):  
Risk Management ◽  
Literature Review ◽  
Field Study ◽  
Design Process ◽  
Construction Projects ◽  
Architectural Design ◽  
Sustainable Construction ◽  
Content Type ◽  
Scant Attention ◽  
Design Firms

Purpose The purpose of this paper is to develop a framework integrating risk management (RM) into the architectural design process (ADP) as an approach for delivering sustainable construction projects. Design/methodology/approach A research methodology, which consisted of literature review and field study, is designed to accomplish four objectives. First, to provide a comprehensive literature review of the concepts of sustainability, ADP and RM. Second, to present and synthesis the results of two relevant studies focused on identifying, quantifying and classifying the risks associated with ADP; and investigating the perception and application of Egyptian architectural design firms (ADFs) towards integrating RM into ADP as an approach for delivering sustainable construction projects. Third, to develop a framework that integrates RM into ADP towards delivering sustainable construction projects. Finally, to draw conclusions and recommendations to improve the practice of delivering sustainable construction projects among ADFs, construction professionals and governmental authorities. Findings ADP is a fundamental phase of the construction process because the decisions adopted during this phase affect the project performance throughout its life cycle. While RM is widely applied in different sectors of the construction industry, its application in ADP received scant attention in construction literature. The research identified 18 key risks that affect the sustainable delivery of construction projects during ADP. The architect, the client and the project manager are the highest ranked responsible parties for the occurrence of these key risks. The field study highlighted the need to develop a framework to facilitate integrating RM into ADP. Research limitations/implications This paper focused only on the integration of RM into ADP. Originality/value The conducted literature review and field study provided an in-depth understanding of the key risks that affect the sustainable delivery of construction projects during ADP. Through its five stages, the proposed framework is expected to serve as a foundation for integrating RM into ADP as an approach for delivering sustainable projects. This ideology has received scant attention in construction literature. The developed framework represents a synthesis that is novel and creative in thought and adds value to the knowledge in a manner that has not previously occurred.

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.

Risk management in the healthcare safety management system

2021 ◽  
Vol 3 (1) ◽  
pp. 41-53
Author(s):  
Yuriy Voskanyan ◽  
Irina Shikina ◽  
Fedor Kidalov ◽  
David Davidov ◽  
Tatiana Abrosimova
Keyword(s):  
Risk Management ◽  
Management System ◽  
Safety Management ◽  
Medical Organization ◽  
Safety Management System ◽  
Risk Management Process ◽  
Iso 31000 ◽  
Main Components ◽  
Processing Subsystem ◽  
To Receive

The paper discusses the main components of the modern system of risk management in medicine. Using the ISO 31000 standard of risk management and the ARIS integrated modeling environment, the authors have built a model of the risk management process in a medical organization, including the accounting subsystem, the risk analysis subsystem, and the risk processing subsystem. The concept of risk management proposed in the article is formulated on the basis of a system safety model, which assumes that adverse events related to the provision of medical care are based on systemic causes that under certain conditions turn into a hazard, and the latter is used to receive active threats and incidents. The risk management system is an executive block of the safety management system in a medical organization, which includes (in addition to risk management) an ideological block (a new safety culture) and an educational block (an organizational learning subsystem).

Sign in / Sign up

Export Citation Format

Share Document