Linking engineering knowledge and practical experience to investment planning by means of condition based risk management

2008 ◽  
Author(s):  
David Hughes ◽  
Tracy Pears ◽  
Yuan Tian
Keyword(s):  
Risk Management ◽  
Practical Experience ◽  
Investment Planning ◽  
Engineering Knowledge

DIRECTIONS OF IMPROVEMENT OF RISK MANAGEMENT SYSTEM IN THE FIELD OF LOGISTICS ACTIVITIES

2017 ◽  
Author(s):  
Elena Lytvynenko ◽  
◽  
Taisiya Kozlova ◽  
Keyword(s):  
Risk Management ◽  
Practical Experience ◽  
Logistics System ◽  
Systematic Analysis ◽  
Qualitative And Quantitative ◽  
Different Types ◽  
Rational Management ◽  
Enterprise Logistics ◽  
Risk Acceptability ◽  
Logistics Activity

The changeable and unpredictable development of the enterprises’ external environment is one of the appearance causes of various types of business activities' risks, including logistics. The purpose of this article is to develop recommendations on improving the risk management of enterprises’ logistics activities in the context of instability. Achieving this goal requires consideration of the main stages of this process regarding the logistics activities' risks, providing advices on improving the process of risk management of logistics orientation. The article explores the process of analyzing the logistics activities' risks of the enterprise. Proceeding from the theoretical provisions of management and summarizing the practical experience of research in the field of systematic analysis of the enterprises' logistics activities risks, there are traced the organization's peculiarities of such analysis, and the main directions of its further improvement are proposed. All actions in the article, which are related to the analysis of the risk of enterprise logistics activity, are proposed to carry out in a certain sequence in the article. This sequence is given in the form of a structural scheme of systematic analysis of the risks of the enterprise logistics activities. Based on the objectivity of the existence of logistics activities' risks and the need to ensure the rational management of them, the algorithm of the risk management in the enterprise logistics system covers the stages of risks' identification, their qualitative and quantitative assessment, diagnostics, assessment of risk acceptability and application of neutralization measures to unacceptable logistical risks. It is concluded that the logistics activities risks combine different types of risks of all components and elements both in the process of changing material, financial and information flows, as well as in the process of managing the risks arising in the logistics system

scholarly journals Guidelines for the Use of Unmanned Aerial Systems in Flood Emergency Response

Water ◽  
2020 ◽  
Vol 12 (2) ◽  
pp. 521 ◽  
Author(s):  
Gloria Salmoral ◽  
Monica Rivas Casado ◽  
Manoranjan Muthusamy ◽  
David Butler ◽  
Prathyush Menon ◽  
...  
Keyword(s):  
Risk Management ◽  
Emergency Response ◽  
Flood Risk ◽  
Online Survey ◽  
Practical Experience ◽  
Flood Risk Management ◽  
Unmanned Aircraft ◽  
Unmanned Aerial Systems ◽  
Effective Response ◽  
Deployment Analysis

There is increasing interest in using Unmanned Aircraft Systems (UAS) in flood risk management activities including in response to flood events. However, there is little evidence that they are used in a structured and strategic manner to best effect. An effective response to flooding is essential if lives are to be saved and suffering alleviated. This study evaluates how UAS can be used in the preparation for and response to flood emergencies and develops guidelines for their deployment before, during and after a flood event. A comprehensive literature review and interviews, with people with practical experience of flood risk management, compared the current organizational and operational structures for flood emergency response in both England and India, and developed a deployment analysis matrix of existing UAS applications. An online survey was carried out in England to assess how the technology could be further developed to meet flood emergency response needs. The deployment analysis matrix has the potential to be translated into an Indian context and other countries. Those organizations responsible for overseeing flood risk management activities including the response to flooding events will have to keep abreast of the rapid technological advances in UAS if they are to be used to best effect.

scholarly journals Securing executive buy-in for preventative risk management – lessons from water safety plans

2011 ◽  
Vol 11 (6) ◽  
pp. 682-691 ◽  
Author(s):  
C. Summerill ◽  
S. J. T. Pollard ◽  
J. A. Smith ◽  
B. Breach ◽  
T. Williams
Keyword(s):  
Risk Management ◽  
Building Blocks ◽  
Organisational Culture ◽  
Near Miss ◽  
Water Utilities ◽  
Full Potential ◽  
Investment Planning ◽  
Water Safety ◽  
Stakeholder Relationships ◽  
Water Safety Plans

Appropriate implementation of water safety plans (WSPs) offers an important opportunity to engage in and promote preventative risk management within water utilities. To ensure success, the whole organization, especially executive management, need to be advocates. Illustrated by four case studies, we discuss the influence of organisational culture on buy-in and commitment to WSPs. Despite an internal desire to undertake risk management, aspects of organisational culture prevented these from reaching full potential. Enabling cultural features included: enthusiastic management; past incidents; accountability; insufficient regulations; image; learning and continual improvement cultures; stakeholder relationships; and empowerment of staff. Blocking features included: lack of awareness and recognition; complacency; poor internal relationships; competing priorities; lack of resources and skills; contrasting internal cultures and a lack of near miss reporting. Benefits of WSP implementation and how management are committed are also discussed. We offer some suggestions to those wishing to generate executive buy-in such as: understanding reasons for hesitance; demonstrate benefits; avoiding complacency; highlight building blocks of WSPs and recognising the value of using the WSP approach to inform sound investment planning. We urge water utilities to consider the influence of organisational culture on the success and sustainability of WSP adoption, and to better understand how effective leadership can mould culture to support implementation.

scholarly journals Choice of Hospital Risk Management Strategy-Comparison between SARS and COVID-19

2020 ◽  
Author(s):  
Shih-Nien Lee ◽  
Tzu-Ching Weng
Keyword(s):  
Risk Management ◽  
Organizational Behavior ◽  
Leadership Style ◽  
Transformative Leadership ◽  
Practical Experience ◽  
Prevention Measures ◽  
Medical Institutions ◽  
The Face ◽  
Media Reports ◽  
The Right

This study explored the methods for hospitals to take corresponding measures to implement response measures from the perspective of epidemic crisis management. Through the analysis of the practical experience of each hospital, the crisis situation, the countermeasures, and the review of the hospital's rehabilitation methods. The research method is a case study method. The main sources of research data are interviews, internal hospital file data, and related journal articles and media reports. Research results: 1. This research explored the organizational behavior of the hospital and the strategic emergency points that it showed in the face of crisis. 2. "Transformative" leadership style, with timely and application-oriented management. 3. The implementation of epidemic prevention measures and response methods have gradually embarked on the right path from the chaos. 4. Faced with a shortage of anti-epidemic materials, hospitals have been working hard to deal with risk management. Based on the above findings, this research provides some policy recommendations for hospitals to mobilize and respond to similar viral diseases in the future so as to follow up with medical institutions for learning and reference.

Financial Risk Management for Investment Planning of New Commodities Considering Plant Location and Budgeting

2006 ◽  
Vol 45 (22) ◽  
pp. 7582-7591 ◽  
Author(s):  
Javier Lavaja ◽  
Adam Adler ◽  
Jeremy Jones ◽  
Trung Pham ◽  
Kristin Smart ◽  
...  
Keyword(s):  
Risk Management ◽  
Financial Risk ◽  
Plant Location ◽  
Investment Planning ◽  
Financial Risk Management

Generation Investment Planning and Risk Management in BANI context

2021 ◽  
Author(s):  
Gonzalo Casaravilla ◽  
Ruben Chaer ◽  
Ximena Caporale
Keyword(s):  
Risk Management ◽  
Investment Planning

Building IT Risk Management Approaches

2011 ◽  
pp. 244-264
Author(s):  
Jakob Holden Iversen ◽  
Lars Mathiassen ◽  
Peter Axel Nielsen
Keyword(s):  
Risk Management ◽  
Software Process ◽  
Software Process Improvement ◽  
Practical Experience ◽  
Management Approach ◽  
It Risk Management ◽  
Innovation Projects ◽  
Management Approaches ◽  
It Risk ◽  
Software Organization

This chapter shows how action research can help practitioners develop IT risk management approaches that are tailored to their organization and the specific issues they face. Based on literature and practical experience, the authors present a method for developing risk management approaches to use in real-world innovation projects. The chapter illustrates the method by presenting the results of developing a risk management approach for software process improvement projects in a software organization.

Risk analysis of oil and gas projects: possible problems, approaches to solving

10.12737/98 ◽  
2012 ◽  
Vol 1 (1) ◽  
pp. 0-0
Author(s):  
������ ◽  
Igor Demkin ◽  
������ ◽  
Valeriy Lesnykh
Keyword(s):  
Mathematical Modeling ◽  
Risk Management ◽  
Risk Analysis ◽  
Oil And Gas ◽  
Practical Experience ◽  
Risk Monitoring ◽  
Scientific Analysis ◽  
Project Risks

We consider the problems of scientific analysis and risk monitoring of oil and gas projects. The basic possible approaches to solve them are shown. Based on existing standards of risk management, as well as using personal practical experience of risk analysis of several major oil and gas projects, the authors concluded the feasibility of developing and implementing in the methodology of analysis and monitoring of project risks, based on the economic-mathematical modeling.

Reducing Risk in A Changing Climate: Changing Paradigms toward Urban Pro-Poor Adaptation

2010 ◽  
Vol 35 (1) ◽  
pp. 6-25
Author(s):  
Christine Wamsler
Keyword(s):  
Risk Management ◽  
Practical Experience ◽  
Disaster Risk ◽  
Climatic Conditions ◽  
Disaster Risk Management ◽  
Climate Risks ◽  
Management Paradigms ◽  
The 1960S ◽  
Comprehensive Framework ◽  
Urban Risk

This paper analyses how disaster risk management paradigms have gradually developed since the 1960s, shaped by practical experience of-and the debate about-the rising number of disasters, growing urbanization, and changing climatic conditions. In this context, climate change is shown as driving an urban pro-poor adaptation agenda, which could allow current shortcomings in urban risk reduction to be overcome. However, as past lessons in disaster risk management are rarely considered, any potential for improvement remains untapped. Possible ways of rectifying this situation are discussed, and a comprehensive framework for the reduction of both disaster and climate risks is presented.

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