scholarly journals RISK MANAGEMENT IN PRODUCT DEVELOPMENT: RISK IDENTIFICATION, ASSESSMENT, AND MITIGATION – A LITERATURE REVIEW

2020 ◽  
Vol 1 ◽  
pp. 657-666 ◽  
Author(s):  
J. Oehmen ◽  
A. Guenther ◽  
J. W. Herrmann ◽  
J. Schulte ◽  
P. Willumsen
Keyword(s):  
Risk Management ◽  
Literature Review ◽  
Product Development ◽  
Management Practices ◽  
Risk Identification ◽  
New Methods ◽  
Development Organizations ◽  
Management Processes ◽  
Development Risk ◽  
Expert Workshop

AbstractThis paper reviews the literature on risk management practices and methods in product design and development. Based on an expert workshop by the Risk Management Processes and Methods in Design Special Interest Group within the Design Society and literature review, three key areas are discussed: risk identification, assessment, and mitigation. In each area, researchers have described practices that are used in product development organizations, proposed new methods to support risk management processes and decision-making, and generated evidence to evaluate the effectiveness of these activities.

scholarly journals BRIDGE PROJECT DEVELOPMENT RISK MANAGEMENT: A LITERATURE REVIEW

2020 ◽  
pp. 185-191
Author(s):  
Dwi Tri Nugroho ◽  
Muhammad Nur ◽  
Humiras Hardi Purba
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Literature Review ◽  
Risk Identification ◽  
External Factors ◽  
Social Culture ◽  
Bridge Construction ◽  
Internal Factors ◽  
Internal And External Factors ◽  
Development Risk

The development of the development sector, especially the infrastructure sector, namely the construction of bridges with the aim of equitable distribution of the community's economy, politics, social, culture, and environment. For this reason, there are reasons to analyze the factors that influence the risks inherent in bridge construction, including internal and external factors, so that they can be used as a basis for future bridge planning. The method used is to conduct a literature review relating to the risk of bridge construction to address the risks that occur in the construction of the bridge. Risk analysis studies include risk identification factors consisting of internal and external factors, where these factors are very influential on the sustainability of the project so that it can be reduced or eliminated altogether with risk management. Internal factors consist of the environment in the project and external factors consist of risks that have an impact on the environment outside the project KEYWORDS : Risk analysis internal and external

Implementing Risk Management Processes Into a Cloud Computing Environment

2018 ◽  
pp. 951-963 ◽  
Author(s):  
Samer Alhawari ◽  
Mufleh Amin AL Jarrah ◽  
Wa'el Hadi
Keyword(s):  
Cloud Computing ◽  
Risk Management ◽  
Critical Role ◽  
Risk Identification ◽  
Information And Communications Technology ◽  
Innovative Technology ◽  
Computing Environment ◽  
Cloud Computing Environment ◽  
Computing Paradigm ◽  
Management Processes

With the significant advances in Information and Communications Technology (ICT) over the last half a century, the Cloud computing paradigm is one of the most discussed topics in the field of ICT today. Additionally, Cloud computing has a critical role in today's business world. Without risk management processes embedded into innovative technology that supports Cloud computing, businesses are setting themselves up for a fall. Hence, in this paper, the authors propose a conceptual model of implementing risk management processes into a Cloud computing environment. It highlights the different processes of risk management (risk identification, risk analysis, risk planning, risk execution, and risk monitoring) and how their existence can affect the Cloud environment to ensure proper protection of data and information in order to ensure Cloud networks and connections are secure.

Quantitative modeling and analysis of supply chain risks using Bayesian theory

2014 ◽  
Vol 25 (5) ◽  
pp. 631-654 ◽  
Author(s):  
Fazleena Badurdeen ◽  
Mohannad Shuaib ◽  
Ken Wijekoon ◽  
Adam Brown ◽  
William Faulkner ◽  
...  
Keyword(s):  
Risk Management ◽  
Management Practices ◽  
Back Propagation ◽  
Bayesian Belief Networks ◽  
Risk Identification ◽  
Bayesian Theory ◽  
Risk Modeling ◽  
Content Type ◽  
Modeling And Analysis ◽  
Qualitative Approaches

Purpose – Globally expanding supply chains (SCs) have grown in complexity increasing the nature and magnitude of risks companies are exposed to. Effective methods to identify, model and analyze these risks are needed. Risk events often influence each other and rarely act independently. The SC risk management practices currently used are mostly qualitative in nature and are unable to fully capture this interdependent influence of risks. The purpose of this paper is to present a methodology and tool developed for multi-tier SC risk modeling and analysis. Design/methodology/approach – SC risk taxonomy is developed to identify and document all potential risks in SCs and a risk network map that captures the interdependencies between risks is presented. A Bayesian Theory-based approach, that is capable of analyzing the conditional relationships between events, is used to develop the methodology to assess the influence of risks on SC performance Findings – Application of the methodology to an industry case study for validation reveals the usefulness of the Bayesian Theory-based approach and the tool developed. Back propagation to identify root causes and sensitivity of risk events in multi-tier SCs is discussed. Practical implications – SC risk management has grown in significance over the past decade. However, the methods used to model and analyze these risks by practitioners is still limited to basic qualitative approaches that cannot account for the interdependent effect of risk events. The method presented in this paper and the tool developed demonstrates the potential of using Bayesian Belief Networks to comprehensively model and study the effects or SC risks. The taxonomy presented will also be very useful for managers as a reference guide to begin risk identification. Originality/value – The taxonomy developed presents a comprehensive compilation of SC risks at organizational, industry, and external levels. A generic, customizable software tool developed to apply the Bayesian approach permits capturing risks and the influence of their interdependence to quantitatively model and analyze SC risks, which is lacking.

scholarly journals Analysis of the effect of risk management practices on the performance of new product development programs

Technovation ◽  
2014 ◽  
Vol 34 (8) ◽  
pp. 441-453 ◽  
Author(s):  
Josef Oehmen ◽  
Alison Olechowski ◽  
C. Robert Kenley ◽  
Mohamed Ben-Daya
Keyword(s):  
Risk Management ◽  
Product Development ◽  
New Product Development ◽  
Management Practices ◽  
New Product ◽  
Development Programs

The Risk Management Framework of Aero-Product Development Based on PMBOK

2013 ◽  
Vol 380-384 ◽  
pp. 4637-4642
Author(s):  
Wei Wang ◽  
Jia Duo Wu ◽  
Dong Yu Wang
Keyword(s):  
Risk Management ◽  
Product Development ◽  
Development Process ◽  
Product Development Process ◽  
Management Framework ◽  
The Core ◽  
Risk Management Framework ◽  
Development Risk

With the enhanced complexity of the development process of Aero-Product, the risk of it is increasing rapidly. Therefore, it is of great significance to implement risk management in the process of Aero-Product development. As the core of Risk Management, its framework is of great importance to the effect of Risk Management. According to the characteristics of Aero-Product development process, a Risk Management Framework based on PMBOK is proposed in this paper, which will become the foundation of the Aero-Product development risk management.

Control and Optimization of Development Risk of the High-Tech Manufacturing and Measuring Product

2014 ◽  
Vol 709 ◽  
pp. 503-508
Author(s):  
Yang Peng Liu ◽  
Jian Jun Ding ◽  
Xing Yuan Long ◽  
Zhuang De Jiang ◽  
Yue Rong Jiang
Keyword(s):  
Risk Management ◽  
Product Development ◽  
Development Process ◽  
Risk Identification ◽  
Product Development Process ◽  
High Tech ◽  
Control Mechanisms ◽  
Development Costs ◽  
Development Cycle ◽  
The Competitiveness Of Enterprises

This paper proposes the risk management strategy of the product design and development process. The process control mechanisms based on the risk management. Risk identification, assessment, migration, monitoring and reporting are applied in the product development process. Under the supervision and guidance of risk management, the risk point of product development cycle of measuring instrument is shortened about 30%, and the development costs are reduced too. The risk management improves the economic efficiency of enterprises and enhances the competitiveness of enterprises.

scholarly journals Risk Management as a Process Security Tool

2019 ◽  
Vol 1 (1) ◽  
pp. 234-239 ◽  
Author(s):  
Anna Kiełbus ◽  
Dariusz Karpisz
Keyword(s):  
Risk Management ◽  
Project Management ◽  
Literature Review ◽  
Rapid Prototyping ◽  
International Project ◽  
Management Process ◽  
Process Safety ◽  
Successful Completion ◽  
Management Processes ◽  
Risk Management Process

AbstractThe article presents the essence and significance of risk management processes in the project, as the key field for successful completion of the project, in the field of project management. Based on literature review, the methods and standards of risk management in the project as well as standards related to process safety were defined. The risk management process according to the PMBoK methodology was discussed as an example of an international project entitled 3DCentral – Catalyzing Smart Engineering and Rapid Prototyping.

scholarly journals Managing Knowledge and Risk – A Literature Review on the Interdependency of QRM and KM as ICH Q10 Enablers

2020 ◽  
Vol 26 (4) ◽  
Author(s):  
Marty Lipa ◽  
Keyword(s):  
Risk Management ◽  
Knowledge Management ◽  
Literature Review ◽  
Management Practices ◽  
Biopharmaceutical Industry ◽  
Strong Argument ◽  
Regulatory Guidance ◽  
Pharmaceutical Quality System ◽  
Managing Risk ◽  
And Control

Quality Risk Management (QRM) and Knowledge Management (KM) have been positioned as co-enablers to the Pharmaceutical Quality System since the 2010 issuance of ICH Q10. Yet these disciplines have remained largely distinct and disconnected in practice. This paper presents a two-part literature review on this topic. First is a review of how other industries have connected risk management and knowledge management. This is followed by a review of relevant biopharmaceutical industry regulatory guidance to explore expectations for how risk, risk management, knowledge and knowledge management are interdependent. The results suggest there is a strong argument in favor of linking risk management and knowledge management and other industries have demonstrated benefits in doing so. Furthermore, the review of the biopharmaceutical industry regulatory guidance shows the clear and persistent benefits of connecting the expectations of managing risk and knowledge together. A key conclusion is that risk varies inversely with knowledge application and therefore, a lower level of risk to quality (and ultimately to the patient) can be achieved through risk management practices when a thoughtful and programmatic approach to knowledge management is in place, providing the best possible knowledge to assess and control risk.

scholarly journals ОЦІНКА РІВНЯ ЗРІЛОСТІ УПРАВЛІННЯ РИЗИКАМИ В ПРОЦЕСІ ЗАБЕЗПЕЧЕННЯ ЕКОНОМІЧНОЇ БЕЗПЕКИ ПІДПРИЄМСТВА: АНАЛІТИЧНЕ ДОСЛІДЖЕННЯ

2019 ◽  
Vol 135 (3) ◽  
pp. 66-81
Author(s):  
Олена Михайлівна Герасименко ◽  
Наталія Володимирівна Зачосова
Keyword(s):  
Risk Management ◽  
Management Practices ◽  
Analytical Data ◽  
Profit Maximization ◽  
Optimal Solution ◽  
Risk Identification ◽  
Economic Security ◽  
Corporate Management ◽  
Management Actions ◽  
Oriented Approach

The article seeks to explore and evaluate the level of risk management maturity in Ukrainian enterprises in the process of ensuring their economic security. The study presents the results of an analytical survey on risk management practices to ensure enterprise economic security. To achieve the research objectives, the following methods have been employed: to obtain data for the analytical research, the method of questionnaire-based expert evaluation on the Google Forms platform; the method of comparison, the graphical method – to evaluate previously received analytical data on the risk management maturity level. The findings revealed that the implementation of a risk-based approach is perceived as a tool to increase the company value and achieve strategic goals. The survey results showed the distribution of expert opinions, indicating the willingness of Ukrainian companies to implement risk-oriented management approaches to ensure their economic security. It is demonstrated that the major objective of the risk-oriented approach is to ensure the effective and lawful business operation in the long run which may come into a conflict with the operational management priority, i. e. short term profit maximization. The analytical survey argues that a risk-oriented approach challenges the use of impartial methods to risk identification, taking risk management actions, and the search for an optimal solution between profit raising here and now, and the long-term sustainable development and protection of shareholders’ interests. The study on the latest tools for assessing the level of economic security using a risk-oriented approach is a critical instrument in enhancing corporate management practices at different management levels, providing further nation-wide implications on stabilization of domestic business performance to improve the overall national security indicators in the international economic and political arenas.

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