A TEST CASE PRIORITIZATION BASED ON DEGREE OF RISK EXPOSURE AND ITS EMPIRICAL STUDY

2011 ◽  
Vol 21 (02) ◽  
pp. 191-209 ◽  
Author(s):  
HOIJIN YOON ◽  
BYOUNGJU CHOI
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Empirical Study ◽  
Risk Exposure ◽  
Test Case ◽  
Test Case Prioritization ◽  
Management Process ◽  
Testing Method ◽  
Risk Management Process ◽  
Prioritization Strategy

We propose a test case prioritization strategy for risk based testing, in which the risk exposure is employed as the key criterion of evaluation. Existing approaches to risk based testing typically employ risk exposure values as assessed by the tester. In contrast, we employ exposure values that have been determined by experts during the risk assessment stage of the risk management process. If a given method produces greater accuracy in fault detection, that approach is considered more valuable for software testing. We demonstrate the value of our proposed risk based testing method in this sense through its application.

scholarly journals The place of artificial intelligence in the risk management process

2021 ◽  
Vol 120 ◽  
pp. 02013
Author(s):  
Petya Biolcheva
Keyword(s):  
Artificial Intelligence ◽  
Risk Assessment ◽  
Risk Management ◽  
Real Time ◽  
Risk Identification ◽  
Management Process ◽  
Whole Process ◽  
Risk Management Process ◽  
Problematic Issue ◽  
The Individual

In recent years, there has been increasing talk of the rapid entry of artificial intelligence into risk management. All the benefits it would bring over the whole process are often commented on: real-time results, processing large amounts of data, more complete risk identification, more accurate risk assessment, etc. There are also negative moods that make various experts feel threatened by their need to be replaced by artificial intelligence. Another problematic issue that arises is related to the transparency of algorithms and the increase in cyber risks [6]. This material aims to identify the individual elements at the stages of risk management in which artificial intelligence (AI) can and should be applied alone, in combination with expert opinion or not. Here it is shown that because of the use of AI the efficiency of the whole process is significantly increased, first of all by conducting in-depth analyses, and the decisions are made by the risk management experts. This proves its usefulness and increases the confidence of experts in it.

scholarly journals Effect of Employees’ Understanding on Risk Management Process on Risk Management: A Case Study in a Non-profit Organisation

2019 ◽  
Vol 10 (3) ◽  
pp. 144
Author(s):  
Erlane K Ghani ◽  
Nor Hamimah Nor Hassin ◽  
Kamaruzzaman Muhammad
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Risk Control ◽  
Risk Identification ◽  
Management Process ◽  
Poor Knowledge ◽  
Non Profit ◽  
Monitoring Process ◽  
Risk Management Process ◽  
Risk Assessment And Analysis

Purpose: This study examines the effect of employees’ understanding of risk management process on knowledge on risk management in a non-profit organisation. Specifically, this study examines the effect of employees’ understanding of risk identification, risk assessment and analysis and, risk control and monitoring on their knowledge on risk management.Design/Methodology/Approach: This study used questionnaire survey on 80 employees of various levels in a non-profit organisation.Findings: This study shows that the most of the employees felt that they have a poor knowledge on risk management. The poor knowledge on risk management is attributed by the all three determinants in this study namely, understanding risk identification, risk assessment and analysis and, risk control and monitoring process on knowledge on risk management.Practical Implications: The findings provide indication that non-profit organisations need to provide awareness programs to their employees in increasing their knowledge on risk management. The findings of this study is essential to the managements to ensure that their employees are well informed and understand risk management and subsequently, take necessary control to reduce risks.Originality/Value: This study provides further understanding on the importance of understanding risk management process on performance.

Analisis Manajemen Risiko Di Ruang Filing RSUD dr Soediran Mangun Sumarso Wonogiri Tahun 2020

2020 ◽  
Vol 10 (2) ◽  
pp. 12-19
Author(s):  
Nabilatul Fanny ◽  
Anindiya Soviani
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Medical Record ◽  
Safety Management ◽  
Facility Management ◽  
Regional Hospital ◽  
Management Process ◽  
Management Processes ◽  
Risk Management Process ◽  
Risk Treatment

Patient safety is a system that makes patient care safer, including risk assessment, identificationand management of patient risks, incident reporting and analysis, the ability to learn from incidents andtheir follow-up, and implementation of solutions to minimize risks and prevent injury caused by errors.the result of carrying out an action or not taking the action that should be taken The importance of riskmanagement in the hospital is to minimize the number of unwanted events. Based on a preliminary studyof five medical record processing at the Dr Soediran Mangun Sumarso Wonogiri Regional Hospital, thebigger risk is filing, in the medical record unit there is no standard risk management operationalprocedure and there is no report related to risk management. This type of research is descriptive with across sectional approach. The subjects are the Facility Management and Safety coordinator, head ofmedical records, and head of filing. The object of the filing room and the risk management process. Theresearch instruments were observation guidelines and interview guidelines. Data analysis was carriedout by univariate. The results show that risk management at Dr Soediran Mangun Soemarso WonogiriHospital has been carried out. Safety Facility Management is a working group to plan risk managementin each unit. The medical record unit of Dr Soediran Mangun Soemarso Wonogiri Hospital implementsrisk management with an appropriate sequence of risk management processes starting fromcommunication consultation, scope of context criteria, risk assessment, risk treatment, monitoring andreview. In the filing section of the Dr Soediran Mangun Soemarso Wonogiri Regional Hospital, there isone important stage that is overlooked in the risk management process, namely the scope, context, andcriteria stages. The conclusion of this study is that the Facility and Safety Management section hasimplemented a risk management process in the medical record unit but has not been maximallyimplemented in the filing section.

The CORAS Methodology

2011 ◽  
pp. 332-357 ◽  
Author(s):  
Folker den Braber ◽  
Theo Dimitrakos ◽  
Bjorn A. Gran ◽  
Mass S. Lund ◽  
Ketil Stolen ◽  
...  
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
System Development ◽  
Unified Modeling Language ◽  
Modeling Language ◽  
Management Process ◽  
Critical Systems ◽  
Unified Modeling ◽  
Risk Management Process ◽  
Unified Process

This chapter introduces the CORAS methodology in which Unified Modeling Language (UML) and Unified Process (UP) are combined to support a model-based risk assessment on security-critical systems. The hypothesis is that modeling techniques like UML contribute to increased understanding for the different stakeholders involved during a risk assessment. In the CORAS methodology, a traditional risk management process is integrated with UP, which is a well-accepted system development process. CORAS tries to show how UML can contribute to better understanding, documentation, and communicating during the different phases of the risk management process. CORAS addresses both systems under development and systems already in use.

Importance of Risk Management and Risk Management Process

2019 ◽  
pp. 157-176
Author(s):  
Çağla Demir Pali
Keyword(s):  
Risk Management ◽  
Management Practices ◽  
Competitive Environment ◽  
Risk Exposure ◽  
Management Process ◽  
Significant Progress ◽  
Risk Management Process ◽  
The Subject

Importance of risk exposure and risk management practices have attracted the attention of companies, investors, and all other parties who benefit from performances of companies. Competitive environment and global effects force the companies to pay attention to manage their risks. Therefore, governmental bodies and international associations embarked on researches in risk management and as a result of these efforts regulations have been put in place. Germany, USA, and UK are the leading countries that made significant progress in risk management field by enacting laws, regulations, and issuing guidelines. But the subject is still new for some countries and difficult for companies, especially small and medium sized, to apply. The chapter starts with the benefits and importance of risk management. Then steps of risk management are explained with the examples.

scholarly journals Troubled Projects in Construction Due To Scant Risk Management

2018 ◽  
Vol 7 (3.12) ◽  
pp. 322
Author(s):  
Subramanyam B ◽  
Iswarya R
Keyword(s):  
Risk Assessment ◽  
Decision Making ◽  
Risk Management ◽  
Construction Project ◽  
Management Process ◽  
Risk Management Process ◽  
Project Cycle ◽  
Constructional Work ◽  
Robust Process ◽  
Existing Data

This paper will focus on troubled projects in construction due to inadequate and insufficient risk management. Inadequate risk management has the ability to severely impact construction project. The main objective of the present paper is to attempt a composition of already known risk management process, at such way that it can be applied by the modern enterprises that deal with the undertaking or/and implementation of constructional work. This paper describes about the main sources for the failure of a construction project such as no initial risk assessment, inadequate documentation and tracking, irregular & incomplete status reporting, failure to define parameters etc. The methodology contains examining existing data, results and created a checklist for all those who are involved in construction project disasters. It can be applied at all stages in the project cycle, from the earliest assessments of strategy to initiation, planning, implementation and closure. Risk management will also provide advantages in better accountability and justification of decisions, by providing a well-suited and robust process that supports decision-making. 

Risk Management for Jet Propulsion Laboratory (JPL) Flight Projects

2000 ◽  
Author(s):  
James R. Rose
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Failure Modes ◽  
Objective Assessment ◽  
Assessment Tools ◽  
Management Process ◽  
Trade Offs ◽  
Risk Management Process ◽  
Effective Use ◽  
The Impact

Abstract RISK MANAGEMENT IN THE PROGRAM/PROJECT ENVIRONMENT: The Risk Management process is assuming greater influence in the process of Project and Program Management. The requirements of NPG 7120.5A [NPG, 1998] have created inroads for the results of identifying risk to influence project decisions. Program needs and the interdependencies of risks among projects are receiving increasing attention on major JPL projects. Creating Risk Management plans and requiring risk reporting are beginning to make project personnel aware of the benefit of identifying and mitigating potential future adverse consequences and understanding the trade-offs involved in spending reserves for prevention as opposed to recovery from problems. Risk-based decision-making in the planning phase is allowing risks balancing to be considered, and hard decisions in the cost-capped environment require even reduction in expected mission return in order to provide adequate performance assurance. RISK ASSESSMENT TOOLS USED IN DESIGN AND ASSURANCE: The paper will describe the use of Risk-revealing checklists and compilations of engineering guidance principles as enabling tools for comprehensive risk identification. Also, effective risk assessment methods (such as Failure Modes Effects Analyses (FMEAs), and Probabilistic Risk Analyses (PRAs) will be discussed. Tracking tools appropriate to maintaining cognizance of risk will be covered. INTEGRATING RISK AND MANAGING PROJECT RESOURCES: JPL is in the process of identifying a standardized Risk Management methodology, which is based on the two pioneering methodologies developed on the Space Infrared Telescope Facility (SIRTF) and Mars Global Surveyor (MGS) projects. Criteria for assessing risk will be “normalized” with tailoring allowed. Database tools are available now to support this approach for flight projects. The Risk Management team at JPL has developed such a tool, which is in use on many of our projects. An advanced version of the JPL tool has been demonstrated which will provide options for quantitative analysis and resource management trade-offs. Implementation of risk tracking metrics in cost and schedule management systems, and design tools, will allow change to be quickly detected. Also, experience on the MGS project suggests that project management can make effective use of risk impact assessments based on cost, and can therefore gain insight into the effective use of project reserves. Utilizing common risk metrics between the risk management process and design metrics, Problem/ Failure Reports (PFRs), earned value reporting, and other management areas will provide more confidence in the impact of project decisions. INDEPENDENT ASSESSMENTS AND THE SYSTEMS MANAGEMENT OFFICE (SMO): The requirement to balance faithful service to the project customer while at the same time provide an objective assessment of the health of the project to the JPL administration and to the agency will be facilitated through the SMO function. Risk Assessments using criteria common to those that the project uses but identification and assessment by independent “eyes” will allow added possibility for early detection and correction of problems. This will enhance the Risk Management effectiveness on the project, and undoubtedly increase the likelihood of mission success.

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