scholarly journals Violence risk identification, assessment, and management practices in inpatient psychiatry.

2018 ◽  
Vol 5 (3) ◽  
pp. 155-172 ◽  
Author(s):  
Kelly A. Watt ◽  
Jennifer E. Storey ◽  
Stephen D. Hart
Keyword(s):  
Management Practices ◽  
Risk Identification ◽  
Violence Risk ◽  
Inpatient Psychiatry

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.

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.

Occupational Fire Safety in India: A Preliminary Study on Current Trends and Future Implications

2021 ◽  
Author(s):  
Glorita Fernandes ◽  
C. F. Mulimani
Keyword(s):  
Fire Safety ◽  
Occupational Safety ◽  
Management Practices ◽  
Risk Identification ◽  
Current Status ◽  
Safety Practices ◽  
Fire Hazards ◽  
Current Trends ◽  
Preliminary Study ◽  
Insight Into

Abstract Background This study contributes to the area of applied forensic chemistry and fire safety and management. It focuses on the current trends of fire safety practices followed across four groups of workplaces in India. The motivation for this paper was to create awareness about existing lacunae in our current practices which lead to structural fire accidents; a large number of which are seen every year in India. Results The research helped to understand the current status of occupational fire safety practices in India and gain insight into lacunae for non-compliance. The relationship between fire safety training and employee confidence was also studied. This preliminary study found that compliance of workplace fire safety norms varied with the type of industry. Hence, suggestions for a more extensive industry based approach should be researched for better insight into this finding. Conclusion This research paper assessed awareness about the current loopholes in fire safety and suggested better management practices. Thus, it enables the management of industrial workforce to create better policies and employee safety strategies in cases of untoward fire disasters. This paper also highlighted the need for better risk identification and evaluation to mitigate future workplace fire incidents and promote occupational safety from fire hazards.

scholarly journals Development and Validation of Extremism and Violence Risk Identification Scale

2021 ◽  
Vol 36 (1) ◽  
pp. 51-70
Author(s):  
Bushra Hassan ◽  
Alam Zeb Khattak ◽  
Muhammad S. Qureshi ◽  
Nazia Iqbal
Keyword(s):  
Convergent Validity ◽  
Principal Component ◽  
Risk Identification ◽  
Face Validity ◽  
Phase Iii ◽  
Study Phase ◽  
Violence Risk ◽  
Religious Intolerance ◽  
Bartlett’S Test ◽  
Development And Validation

The present study aimed to develop and validate an indigenous scale to measure risk factors associated with extremism and violence tendencies among young people from Khyber Pakhtunkhwa (KPK). The scale was constructed through successive three phases; where in phase I, 55 items were generated whilst reviewing relevant books, journals, and blog posts published on print and social media. In phase II items were tested for their face validity and comprehension and understanding by potential participants and 50 items were finalized for main study. Phase III of the study was carried out on the sample of 240 students from educational institutions in KPK. A Principal Component Analysis was performed using varimax rotation. Kaiser-Meyer-Olkin measure of sampling adequacy was found and Bartlett’s test of sphericity was also significant indicating appropriate values to carry out subsequent factor analysis. Resultantly, final scale comprised of 26 items with four domains identified, including uncertainty in life, lack of social support, violent aggression, and religious intolerance. Additionally newly developed Extremism and Violence Risk Identification Scale was validated with constructs of self-esteem and depression to establish discriminant and convergent validity, respectively.

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.

scholarly journals Promoting Performance of the Building Construction Industry through Risk Identification: A Case of Exchequer Funded Building Construction Projects in Machakos County, Kenya

2020 ◽  
Vol 5 (6) ◽  
Author(s):  
John Malu Nzioki ◽  
Mary Nyawira Mwenda
Keyword(s):  
Construction Projects ◽  
Management Practices ◽  
Target Population ◽  
Risk Identification ◽  
Building Construction ◽  
Primary Data ◽  
P Value ◽  
County Governments ◽  
Level Of Significance ◽  
Descriptive Survey

Project failure is an increasingly worrying challenge in Kenya. In implementation of exchequer funded building construction projects, the challenge is real. The study examined the influence of risk management practices on the performance of exchequer funded building construction projects in Machakos County. Little research has been conducted on risk identification and its influence on performance of exchequer funded building construction in Machakos County, this study intended to on build onto the already existing body of knowledge. The study was informed by Agency theory and it employed a descriptive survey research design. The target population was 585 National Construction Authority registered contractors and sample size was 232 respondents. In this case the sample selected is deemed to be representative enough of the whole population and therefore valid and genuine generalizations can be made. Methodology involved in collection and analysis of primary data. Descriptive and inferential statistics were used to analyze data. Quantitative data was tabulated and analyzed using frequencies, percentages, means and standard deviation. Test statistics computed to establish degree of relationship between the variables was Fisher test. The findings depict that risk identification leads to the performance of exchequer funded building construction Projects by factor of 0.237 with P values of 0.008. At 5% level of significance and 95% level of confidence, this is statistically significant as the P-Value is lower than 0.05. The results for testing the hypothesis were (P=0.008<0.05)as the P-Value is lower than 0.05. The study therefore rejects the null hypothesis. The study concludes that there is significant positive relationship between that risk identification leads to the performance of exchequer funded building construction Projects. Further research can be done to assess the risk identification in other county governments and national government projects in Kenya and other countries in order to establish whether the explored factors can be generalized to influence the performance of exchequer funded building construction Projects. The findings of this paper will be used to serve as a longer-term safeguard against risks in construction of buildings in Kenya.

scholarly journals The Dali Model in Risk Management Practice: The Case on Financial Services Firms

2019 ◽  
Author(s):  
Rebecca Dalli Gonzi ◽  
Simon Grima ◽  
Murat Kizilkaya ◽  
Jonathan Spiteri
Keyword(s):  
Change Management ◽  
Financial Services ◽  
Best Practice ◽  
Management Practices ◽  
Management Practice ◽  
Risk Identification ◽  
Financial Firms ◽  
Continuity Planning ◽  
Day To Day Operations ◽  
Governance Network

Abstract: Purpose – In this article we lay out the change management practices adopted by financial firms in small states within the Eurozone. We determine whether these organisations have the ability to identify triggers for change (Red Flags) and subject them to eight thematic elements to understand whether management practices can continue to exist and support operational environments, even when unexpected circumstances affect their day to day operations and processes. In doing this we examine the extent to which the eight thematic elements from the model designed by Dalli Gonzi, (2019) (The Dali Model) can assist organisations in risk identification and business continuity planning. Design/methodology/approach – A self-administered questionnaire purposely designed for this study was administered to personnel working in internal controls within financial institutions of small Eurozone states. The participants were asked to grade statements using a 5-point Likert scale, ‘1’ being ‘totally disagree’ and ‘5’ being totally agree’ to the statement posed under the thematic elements forming the basis of the Dali Model. Findings – Factor analysis provided support for the eight hypothesised dimensions of the decision-making model: connection, capacity, governance, network, policy, training, process improvement, standards. Originality/value – The study provides a better understanding and support of “best practice” in change management through an understanding and assessment of the eight factors that are the basis of this model. It addresses practical recommendations to ensure application to a wider frame of use.

Regression analysis of the influence of demographic characteristics using risk management practices within South African small and medium construction enterprises

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Berenger Yembi Renault ◽  
Justus Ngala Agumba ◽  
Nazeem Ansary
Keyword(s):  
Risk Management ◽  
Regression Analysis ◽  
Construction Industry ◽  
South African ◽  
Management Practices ◽  
Action Planning ◽  
Developed Countries ◽  
Risk Identification ◽  
Demographic Characteristics ◽  
Content Type

Purpose Demographics are perceived to influence risk management practices (RMPs) in construction. However, empirical evidence supporting this perception is lacking in the South African Construction Industry (SACI), especially within small and medium enterprises (SMEs). This study, therefore, aims to investigate the influence of demographic characteristics on RMPs. Design/methodology/approach This study followed a positivist research philosophy, using a questionnaire survey for data collection. In total, 225 questionnaires were distributed, of which 187 were returned from conveniently sampled respondents, which included owners and senior managers of construction SMEs organizations in Gauteng province in South Africa (SA). In total, 181 questionnaires were usable, yielding a response rate of 80.44%. Data from the survey were analyzed using descriptive and inferential statistics i.e. multiple regression analysis (MRA). The outputs were represented using percent and regression coefficients values, respectively. Findings In total, 42 practices were established from the literature review and grouped into 9 major RMPs. The data analysis suggested that understanding the organizational environment, defining objectives, resource requirements, risk measurement, risk identification, risk assessment, risk response and action planning, communication and monitoring and review are reliable and valid practices. Findings from MRA established that demographic characteristics i.e. experience in the construction industry (CI), education level and the number of employees in the organization are not good predictors to determine the use of RMPs. Research limitations/implications The study was limited to the data acquired from the SACI and to a lesser extent, construction SMEs in Gauteng. Therefore, the findings cannot be generalized to all SMEs in SA. Though neighboring and developing countries can use the RMPs identified in this study, the results cannot be directly used in developed countries without adequate substantiation. Practical implications The current study provides useful information to assist construction organizations to pay more attention to risk management implementation. The RMPs established in this paper are reliable and valid in projects undertaken by SMEs, and therefore, may be used by top management and/or the risk task team of these enterprises for effective project risk management. Originality/value The study presents findings of an investigation of the influence of demographics on RMPs from the perspectives of construction SMEs, an area less explored. This work advances knowledge of RMPs in the SME sector. It, therefore, adds value to researchers and industry practitioners on the theme where no agreement has been attained relating to key factors and practices that should constitute a risk management model.

scholarly journals Effects of Risk Management Practices on IT Project Success

2017 ◽  
Vol 8 (1) ◽  
pp. 30-37 ◽  
Author(s):  
Daranee Pimchangthong ◽  
Veera Boonjing
Keyword(s):  
Risk Management ◽  
Management Practices ◽  
Project Success ◽  
Risk Identification ◽  
Project Managers ◽  
Product Performance ◽  
Risk Response ◽  
Response Planning ◽  
It Project ◽  
It Project Success

AbstractSuccessful management of an information technology (IT) project is the most desirable for all organisations and stakeholders. Many researchers elaborated that risk management is a key part of project management for any project size. Risk management is so critical because it provides project managers with a forward-looking view of both threats and opportunities to improve the project success. The objectives of this research are to explore organisational factors affecting IT project success and risk management practices influencing IT project success. Risk management practices include risk identification, risk analysis, risk response planning, and risk monitoring and control. The IT project success is measured by process performance and product performance. Data are collected from 200 project managers, IT managers, and IT analysts in IT firms through questionnaires and analysed using Independent Sample t-test, One-way ANOVA, and Multiple Linear Regression at the statistical significance level of 0.05. The results show that the differences in organisational types affect IT project success in all aspects, while the differences on organisational sizes affect IT project success in the aspect of product performance and total aspects. Risk identification and risk response planning influence the process performance and the total aspects of IT project success. Risk identification has the highest positive influence on product performance, followed closely by risk response, while risk analysis negatively influences product performance.

scholarly journals Idiosyncratic Viral Loss Theory: Systemic Operational Losses in Banks

2021 ◽  
Vol 14 (2) ◽  
pp. 82
Author(s):  
Sophia Beckett Velez
Keyword(s):  
Risk Management ◽  
Internal Control ◽  
Delphi Study ◽  
Management Practices ◽  
Negative Impact ◽  
Operational Risk ◽  
The United States ◽  
Risk Identification ◽  
Basel Iii ◽  
Viral Spread

Basel III regulation intent is to increase the resiliency of banks through effective risk management practices that can reduce significant idiosyncratic operational losses. A systemic risk event that leads to significant losses in a bank holding company (BHC) can expose them to become insolvent and cause significant volatility and unpredictable negative impact on the United States economy. The viral spread of operational losses through global markets by interconnected multinational banks can be compared to viruses spread through interconnected countries and the significant losses incurred; this can be referred to as idiosyncratic viral loss theory. This idiosyncratic viral loss theory discusses systemic operational losses that are evident in human error, fraud, and legal expenses that are aligned to systemic operational risk. The occurrences of significant losses that are idiosyncratic in nature and that are linked to failed internal processes, people, systems, and external events are defined by the Basel Committee on Banking Supervision as operational risk losses; these losses’ idiosyncratic nature makes them comparable to viruses. This study employs the Compliance and Ethics Group’s (OCEG’s) standard that integrates governance, risk management, internal control, assurance, and compliance (GRC capability model) into one functional goal to improve quality and principled performance through measurable tools that may enhance effectiveness and efficiency practices. This study concerns senior manager activities that can be effective towards meeting effective risk management practices posed by the Basel III regulation for BHCs, which may reduce the spread of significant losses in the banks. Through the use of a qualitative e-Delphi study, 10 banking finance experts were convened to build consensus on effective risk management practices. Data were collected from three electronic questionnaires submitted through Qualtrics. Data were analyzed using theoretical triangulation, coding, and thematic analysis. Four important considerations were identified that could bolster effective risk management practices: (a) a comprehensive enterprise-wide risk; (b) controlling fraud; (c) going beyond the minimum risk assessment requirements set forth by the banking regulators; (d) independent risk identification and management. These considerations towards effective risk management practices may help reduce systemic operational losses viral spread in banks.

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