scholarly journals Risk management at the stage of design of high-rise construction facilities

2018 ◽  
Vol 33 ◽  
pp. 03042
Author(s):  
Violetta Politi
Keyword(s):  
Risk Management ◽  
Construction Process ◽  
Conditional Probabilities ◽  
Safety Level ◽  
Load Bearing ◽  
Safety Requirements ◽  
High Rise ◽  
The Relationship ◽  
Probabilistic Risk

This paper describes the assessment of the probabilistic risk of an accident formed in the process of designing a technically complex facility. It considers values of conditional probabilities of the compliance of load-bearing structures with safety requirements, provides an approximate list of significant errors of the designer and analyzes the relationship between the degree of compliance and the level of danger of errors. It describes and proposes for implementation the regulated procedures related to the assessment of the safety level of constructive solutions and the reliability of the construction process participants.

scholarly journals 4D modeling in high-rise construction

2018 ◽  
Vol 33 ◽  
pp. 03044 ◽  
Author(s):  
Anastasiya Balakina ◽  
Tatyana Simankina ◽  
Vitaly Lukinov
Keyword(s):  
Work Performance ◽  
Building Structures ◽  
Construction Process ◽  
Construction Work ◽  
Safety Requirements ◽  
High Rise ◽  
Planning Methods ◽  
Complex Construction ◽  
Planning And Construction ◽  
Story Building

High-rise construction is a complex construction process, requiring the use of more perfected and sophisticated tools for design, planning and construction management. The use of BIM-technologies allows minimizing the risks associated with design errors and errors that occur during construction. This article discusses a visual planning method using the 4D model, which allows the project team to create an accurate and complete construction plan, which is much more difficult to achieve with the help of traditional planning methods. The use of the 4D model in the construction of a 70-story building allowed to detect spatial and temporal errors before the start of construction work. In addition to identifying design errors, 4D modeling has allowed to optimize the construction, as follows: to optimize the operation of cranes, the placement of building structures and materials at various stages of construction, to optimize the organization of work performance, as well as to monitor the activities related to the preparation of the construction site for compliance with labor protection and safety requirements, which resulted in saving money and time.

FORMALIZED DESCRIPTION OF THE PROCEDURE OF INFORMATION SYSTEM RISK MANAGEMENT

2018 ◽  
pp. 61-70
Author(s):  
Svetlana Sergeevna Kozunova ◽  
Alla Grigorievna Kravets
Keyword(s):  
Information System ◽  
Risk Management ◽  
Negative Consequences ◽  
Management Procedure ◽  
System Risk ◽  
Weak Points ◽  
Formalized Description ◽  
Relationship Of ◽  
The Relationship ◽  
Further Development

The article highlights the aspects of risk management in the information system. According to the analysis of the work of Russian and foreign scientists and world practices in the field of risk management, it is stated that there is a need to improve the effectiveness of risk management of information system and to develop a method for managing the risks of the information system. As a solution to the problem of effective risk management of the information system, there has been proposed a formalized procedure for managing the risks of the information system. The scientific novelty of this solution is the use of decision space and optimization space to reduce risks. This procedure allows to assess the damage, risk and effectiveness of risk management of the information system. The risks of the information system are determined and analyzed; a pyramidal risk diagram is developed. This diagram allows you to describe the relationship of risks with the components of the information system. The negative consequences to which these risks can lead are given. The analysis of methods and approaches to risk management has been carried out. Based on the results of the analysis, the methods GRAMM, CORAS, GOST R ISO / IEC scored to the maximum. The weak points of these methods and the difficulty of applying these methods in practice are described. The developed formalized risk management procedure to control the risks of information system can be used as management system’s element of the information security quality that complies with the recommendations of GOST R ISO / IEC 27003-2012. The prospect of further development of the research results is the development of management systems of risk of information system.

CONCEPTUALISING RISK CULTURE ON ERM IMPLEMENTATION IN CONSTRUCTION COMPANIES

2020 ◽  
Vol 17 (1) ◽  
pp. 59
Author(s):  
Ching Ching Wong
Keyword(s):  
Risk Management ◽  
Risk Identification ◽  
The Body ◽  
Risk Indicators ◽  
Construction Companies ◽  
Risk Appetite ◽  
Risk Culture ◽  
Risk Treatment ◽  
Managing Risk ◽  
The Relationship

Enterprise Risk Management (ERM) is an effective technique in managing risk within an organization strategically and holistically. Risk culture relates to the general awareness, attitudes and behaviours towards risk management in an organisation. This paper presents a conceptual model that shows the relationship between risk culture and ERM implementation. The dependent variable is ERM implementation, which is measured by the four processes namely risk identification and risk assessment; risk treatment; monitor and consult; communicate and consult. The independent variables under risk culture are risk policy and risk appetite; key risk indicators; accountability; incentives; risk language and internal relationships. This study aims to empirically test the relationship between risk culture and ERM implementation among Malaysian construction public listed companies. Risk culture is expected to have direct effects and significantly influence ERM. This study contributes to enhance the body of knowledge in ERM especially in understanding significant of risk culture that influence its’ implementation from Malaysian perspective.

scholarly journals Sensitivity and Uncertainty Analyses of Human and Organizational Risks in Fire Safety Systems for High-Rise Residential Buildings with Probabilistic T-H-O-Risk Methodology

2021 ◽  
Vol 11 (6) ◽  
pp. 2590
Author(s):  
Samson Tan ◽  
Darryl Weinert ◽  
Paul Joseph ◽  
Khalid Moinuddin
Keyword(s):  
Fire Safety ◽  
Residential Buildings ◽  
Fire Risk ◽  
Regulatory Regime ◽  
High Rise ◽  
Fire Engineering ◽  
Verification Methods ◽  
Uncertainty Analyses ◽  
Risk Methodology ◽  
Probabilistic Risk

Given that existing fire risk models often ignore human and organizational errors (HOEs) ultimately leading to underestimation of risks by as much as 80%, this study employs a technical-human-organizational risk (T-H-O-Risk) methodology to address knowledge gaps in current state-of-the-art probabilistic risk analysis (PRA) for high-rise residential buildings with the following goals: (1) Develop an improved PRA methodology to address concerns that deterministic, fire engineering approaches significantly underestimate safety levels that lead to inaccurate fire safety levels. (2) Enhance existing fire safety verification methods by incorporating probabilistic risk approach and HOEs for (i) a more inclusive view of risk, and (ii) to overcome the deterministic nature of current verification methods. (3) Perform comprehensive sensitivity and uncertainty analyses to address uncertainties in numerical estimates used in fault tree/event trees, Bayesian network and system dynamics and their propagation in a probabilistic model. (4) Quantification of human and organizational risks for high-rise residential buildings which contributes towards a policy agenda in the direction of a sustainable, risk-based regulatory regime. This research contributes to the development of the next-generation building codes and risk assessment methodologies.

scholarly journals Application of an Innovative Model for the Risk Management of COVID-19 in a Multinational Manufacturing Company

2021 ◽  
Vol 13 (11) ◽  
pp. 5771
Author(s):  
Piero Lovreglio ◽  
Angela Stufano ◽  
Francesco Cagnazzo ◽  
Nicola Bartolomeo ◽  
Ivo Iavicoli
Keyword(s):  
Risk Management ◽  
Manufacturing Industry ◽  
Incidence Rates ◽  
Manufacturing Plants ◽  
Model Combining ◽  
Innovative Model ◽  
Global Prevention ◽  
The Relationship ◽  
Physician Team ◽  
The Eu

The COVID-19 incidence in 61 manufacturing plants in Europe (EU), North America (NA) and Latin-America (LATAM) was compared with the incidence observed in the countries where the plants are located in order to evaluate the application of an innovative model for COVID-19 risk management. Firstly, a network of local and global teams was created, including an external university occupational physician team for scientific support. In July 2020, global prevention guidelines for the homogenous management of the pandemic were applied, replacing different site or regional procedures. A tool for COVID-19 monitoring was implemented to investigate the relationship between the incidence rates inside and outside the plants. In the period of May–November 2020, 565 confirmed cases (EU 330, NA 141, LATAM 94) were observed among 20,646 workers with different jobs and tasks, and in the last two months 85% EU and 70% NA cases were recorded. Only in 10% of cases was a possible internal origin of the contagion not excluded. In the EU and NA, unlike LATAM, the COVID-19 incidence rates inside the sites punctually followed the rising trend outside. In conclusion, the model, combining a global approach with the local application of the measures, maintains the sustainability in the manufacturing industry.

Improving new product development performance by risk management

2016 ◽  
Vol 31 (3) ◽  
pp. 418-425 ◽  
Author(s):  
Mehran Salavati ◽  
Milad Tuyserkani ◽  
Seyyede Anahita Mousavi ◽  
Nafiseh Falahi ◽  
Farshid Abdi
Keyword(s):  
Risk Management ◽  
Product Development ◽  
New Product Development ◽  
Small Sample Size ◽  
New Product ◽  
Small Sample ◽  
Content Type ◽  
Total Performance ◽  
The Relationship ◽  
Npd Performance

Purpose The principal aim of this study is to investigate the relationship between technological, marketing, organizational and commercialization risk management on new product development (NPD) performance. Design/methodology/approach Based on questionnaire, the data were collected from a sample of general automotive industry in Iran. Based on theoretical considerations, a model was proposed and descriptive statistic and hierarchical regression were used to measure the relationship between risk management factors and NPD performance. Findings Data analysis revealed that if organization can amplify their knowledge and information about risk and main factors that affect NPD process, not only can they do their work better but can also increase their ability to predict future happenings that affect performance. Research limitations/implications First, due to the relatively small sample size, caution should be exercised when interpreting the results. Second, the data were collected from automotive producer in Iran, which may restrict to some extent generalizability of the findings. Practical implications The results suggest that managers should consider more attention to risk management. If managers spread the risk management in all aspects of the NPD project, total performance will be increased and it can develop the probability of NPD success. Also organizations should perform great market research due to best commercialization. Originality/value Past researches have presented complete information about NPD process. But identifying and considering the effect of the risk management parameters that are connected to the NPD process were the main thrusts to perform the study. In this paper, based on past research about risk management of NPD, the extra aspect of process that can improve total performance of NPD has been examined.

Risks of Using Statistical Analysis Tools in Project Management Environments

2020 ◽  
Vol 7 (2) ◽  
pp. 1-19
Author(s):  
Brian J. Galli
Keyword(s):  
Risk Management ◽  
Project Management ◽  
Statistical Analysis ◽  
Common Type ◽  
Systematic Search ◽  
Statistical Tools ◽  
Early Stages ◽  
Analysis Tools ◽  
The Common ◽  
The Relationship

The purpose of this study is to examine the risks of using statistical tools in a project basis. A systematic search of certain academic databases has been conducted for this study. Statistical tools could be used in a project, and they should be properly planned and designed. Statistical tools include major activities, such as collecting and analyzing data, providing meaningful interpretation, and reporting findings. When dealing with statistical tools, there are several risks that may exist and impact the project either positively or negatively. This study covers a brief outline of the risk management, statistical tools, and the relationship between the two concepts. Finally, a discussion of the common type of risks that are initiated by using statistical analysis tools are provided, which could be planned, identified, and analyzed in the early stages of the project.

The direct and indirect effect of the existence of risk management on the relationship between audit committee and corporate social responsibility disclosure

2018 ◽  
Vol 25 (9) ◽  
pp. 4125-4138 ◽  
Author(s):  
Sami R.M. Musallam
Keyword(s):  
Risk Management ◽  
Indirect Effect ◽  
Audit Committee ◽  
Committee Meeting ◽  
Content Type ◽  
Financial Expertise ◽  
Csr Disclosure ◽  
Corporate Social ◽  
Relationship Of ◽  
The Relationship

PurposeThe purpose of this paper is to investigate the direct and indirect effect of the existence of risk management on the relationship between audit committee and corporate social responsibility (CSR) disclosure in Palestine.Design/methodology/approachThe study utilizes a panel data of 31 Palestinian listed companies from 2010 to 2016. It also utilizes structural equation modeling (SEM) model.FindingsThe results of SEM model find a significant positive relationship of the existence of risk management, audit committee meeting and audit committee size with CSR disclosure. However, audit committee financial expertise has a significant negative relationship with CSR disclosure. The results also find a significant relationship of audit committee meeting and audit committee financial expertise with CSR disclosure through the existence of risk management.Practical implicationsThis study is important to policymakers, accounting professionals and shareholders on the extent to which audit committee related to such committee efficiency in monitoring CSR disclosure.Social implicationsThis study adds to the existing literature by investigating the direct and indirect effect of the existence of risk management on the relationship between audit committee and CSR disclosure in Palestine as one of the youngest market in region that assists to test the validity of agency theory in a young and small emerging market context.Originality/valueIt is the first study to investigate the direct and indirect effect of the existence of risk management on the relationship between audit committee and CSR disclosure in Palestine.

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