scholarly journals Staying Alert: Incorporating Human Fatigue in Risk Management

2019 ◽  
Vol 63 (1) ◽  
pp. 1819-1823
Author(s):  
Chason J. Coelho ◽  
Sunil D. Lakhiani ◽  
Delmar R. “Trey” Morrison
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Human Error ◽  
Safety Management ◽  
Workplace Safety ◽  
Practical Applications ◽  
Management Processes ◽  
Human Fatigue ◽  
Systematic Control

This paper addresses the role of human fatigue in workplace safety and risk management. It is well known that fatigue can increase the likelihood of workplace injuries, but the systematic application of this knowledge in safety and risk management is less well known. This paper presents a risk-based method for addressing fatigue in safety and risk management processes. The method incorporates elements of a data-driven fatigue risk management system (FRMS). Specific issues include potential data sources for the FRMS and practical applications within existing safety management systems. Special attention is paid to the fatigue risk assessment, which mirrors a common safety risk assessment and affords systematic control of fatigue-related human error.

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.

Sustainable Development and Risk Management

2021 ◽  
Vol 18 (4) ◽  
pp. 16-27
Author(s):  
E. Yu. Pertseva ◽  
V. Yu. Skobarev ◽  
E. E. Telenkov
Keyword(s):  
Risk Management ◽  
Development Strategy ◽  
Management System ◽  
Financial Risk ◽  
Workplace Safety ◽  
Financial Risks ◽  
Performance Targets ◽  
Company Value ◽  
Risk Management System

In the context of the increasing role of non-financial factors of company value creation, many organizations, when developing a development strategy, go beyond exclusively financial and economic goals and include workplace safety, energy efficiency, customer satisfaction and other non-financial goals in their performance targets. Achieving such goals involves risks, but today there is no common understanding of the composition of the relevant risks, their sources (factors of occurrence), approaches to assessing these risks, as well as universal corporate tools for managing them. In this article, we offer our vision of the place of the so-called “non-financial risks” in the risk management system and show the possibilities of integrating non-financial risk management into the risk management system and the management model of the organization.

scholarly journals A DYNAMIC RISK ASSESSMENT MODELING BASED ON FUZZY ANP FOR SAFETY MANAGEMENT SYSTEMS

Aviation ◽  
2018 ◽  
Vol 22 (4) ◽  
pp. 143-155
Author(s):  
Masoud Rezaei ◽  
Naimeh Borjalilu
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Evaluation Method ◽  
Safety Management ◽  
Traditional Approach ◽  
Risk Index ◽  
Two Dimensional ◽  
Fuzzy Anp ◽  
New Model ◽  
The Impact

Risk assessment in large organizations with extensive operational domains has been a challenging issue. Employing an efficient method along with realistic pair comparisons, applying subjective inferences of organization experts, and purging the intrinsic ambiguity of inferences, are not reflected in current airlines' safety management. Traditional two-dimensional risk assessment for risk management of safety hazards, however, is no longer sufficient to comply with this complexity. A new model for risk management and a novel formula for risk index calculation, based on a fuzzy approach, are presented in this study. In this new model, unlike in the traditional approach, the latent aftermath of safety reports, especially those which affect the continuity of the business, is also taken into account. In this model, along with the definition of a new structure for risk management, risk analysis should be restructured. To that end, a two-dimensional classic risk formula was replaced with three-dimensional (nonlinear) exponential ones, considering “the impact on the business” as a source of risk and hazard. For measuring the safety risk using the Fuzzy hierarchical evaluation method, considering experts' opinions, three criteria in four different operational fields were developed. This method employs a Fuzzy ANP to help quantify judgments, make qualitative judgments in the traditional method, and weigh the priority of elements contributing to risk. Also, it provides a tool for top-level as well as expert level management to monitor safety more precisely, monitor the safety level within their departments or organizations, set quantitative safety goals and provide feedback for improvement as well as find the most critical areas with the least cost. In this study, an airline has been selected as a case study for the risk assessment of reports based on the new model.

scholarly journals Simulation and risk management of financial activities in the digital economy era

2021 ◽  
Vol 34 (04) ◽  
pp. 1388-1395
Author(s):  
Mikhail Samuilovich Gasparian ◽  
Irina Anatolievna Kiseleva ◽  
Valery Aleksandrovich Titov ◽  
Leonid Anatolyevich Olenev
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Financial Risk ◽  
Economic Security ◽  
Digital Economy ◽  
Main Element ◽  
The Internet ◽  
Political Situation ◽  
Reduce Risk

The present article attempts to study the role of financial risk management in the digital economy era. The main purpose of the article is to identify the main patterns that determine the features of risk assessment in business as the main element contributing to the achievement of economic security of the organization, as well as to carry out a comparative analysis of risk assessment and risk management methods in the context of digitalization. The contemporary economic analysis employs various risk management methods. Digitalization also creates new risks, most of which are related to cybercrime and fraud on the Internet. The most effective ways to reduce risk in the context of instability of the economic and political situation in Russia are the scenarios method and the method of analyzing hierarchies, as well as diversification, i.e. the distribution of risks among several business participants. The article discusses various types of economic risks, risk analysis, and assessment methods, as well as risk neutralizing strategies.

scholarly journals Evaluating the role of scrum methodology for risk management in information technology enterprises

2021 ◽  
Vol 2 (1) ◽  
pp. 1-8
Author(s):  
Ahmed muayad younus Alzahawi ◽  
Mohanad Abumandil
Keyword(s):  
Information Technology ◽  
Risk Management ◽  
Small Scale ◽  
Information Technology Projects ◽  
Technology Firms ◽  
Management Processes ◽  
Information Technology Firms ◽  
The Relationship ◽  
Detrimental Impact

This study aims to investigate the relationship between Scrum framework and risk management processes in Malaysia. Companies discuss the management based on a concerned business scale and the influence risk management in Malaysia Information technology projects success. This research is targeting Information technology firms and technology projects. Were researched through guarantee inside and out comprehension of the postulation foundation. In the outcome segment, the author influences a few proposals for the case to small-scale organizations to actualize ventures and to develop risk management successfully. The phases of risk management, in particular the step of risk detection, have a detrimental impact on project performance. Furthermore, risk control has its own risks as a mechanism. This makes it impossible to know if risk management is an appropriate approach in the IT production process for managing and minimizing risks. The study shows the effect of risk management in IT businesses is utilized in the Scrum

scholarly journals Current Issues in Assessment of Risks Related to Investment Projects

2018 ◽  
Vol 7 (3.15) ◽  
pp. 336 ◽  
Author(s):  
Alexander Sergeevich Voronov ◽  
Mikhail Vladimirovich Karmanov ◽  
Irina Anatolievna Kiseleva ◽  
Vladimir Ivanovich Kuznetsov ◽  
Lidia Sergeevna Leontieva
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Investment Project ◽  
Investment Projects ◽  
Project Valuation ◽  
Analysis Methods ◽  
Project Risks ◽  
Capm Model ◽  
Definition Of

The definition of the essence of an object of management in economics is an indispensable component of professional risk management. Since the national risk management theory is just being formed, the need to find a clear and comprehensive definition for the notion "risks" is especially topical. Capital valuation is one of the most important issues, which needs to be solved by companies during ROI studies. This article makes an attempt to study the role of risk management in the implementation of investment projects. The main purpose of this article is to identify the main regularities which determine the peculiarities of risk assessment in business, being the key element facilitating the organization of investment projects. The objectives have been as follows: to review the basic concepts of risk management; to study its components in business; to reflect the system and risk management principles, and to carry out risk assessment; to consider the main kinds of risks in the business area.The article describes various types of investment and project risks, risk analysis methods for investment projects, as well as efficiency indicators of investment projects, and provides an analysis of risk factors and uncertainties during the development of investment projects. The peculiarities of the practical use of project risks’ analysis methods have been studied. Risk assessment methods for an investment project help evaluate its feasibility, the time within which it will start being profitable, as well as the probabilistic volume of its future profits. Investment project valuation models have been analyzed, in particular, the CAPM model for emerging capital markets. The DCF method has been studied, being the base for assessing the attractiveness of business in general and a company's investment project in particular.  

GENESIS OF SCIENTIFIC CONCEPTS ABOUT PUBLIC ADMINISTRATION OF RISKS IN CONSTRUCTION

2018 ◽  
Vol 1 (11) ◽  
pp. 83-90
Author(s):  
Ihor Nikolayevich Vlasenko
Keyword(s):  
Risk Management ◽  
Public Administration ◽  
Design Decisions ◽  
Complex Needs ◽  
Economic Relations ◽  
Management Processes ◽  
Social And Economic Development ◽  
Public Risk ◽  
Global And Local

he article presents the characteristic of the scientific genesis of public risk management in construction in Ukraine, in global and local dimen- sions. The essence of the working organization of risk management in the con- struction and operation of buildings, taking into account the transformational processes in society, is disclosed. On the basis of the analysis of risks in construc- tion and taking into account the current realities, scientifically grounded ap- proaches to the formation of the risk system in the construction and operation of facilities in the system of public administration. It is noted that the risks and crisis phenomena in the construction complex gave a powerful impetus to un- derstanding the causes of the problems of decentralization and finding mecha- nisms for their elimination, in general. The trilateral mission of the state in the conditions of decentralization is the regulation of the macroeconomic role of the construction complex, the mechanism of economic relations of its participants, and ensuring the effectiveness of design decisions in the construction sector, by extending their competences on prevention and risk reduction in the construction industry by the local self-government bodies. To form a state decentraliza- tion policy for construction is required on the basis of knowledge of objective regional macro- and microeconomic investment-construction processes in ci- ties, economic mechanism and indicators of development of investment-build- ing complex and dynamics of social and economic development of regions. The mechanism of the construction complex needs to be improved, using new sources and forms of financing, achieving the balance of the goals of decentralization and its financial support. In addition, taking into account the European integration course of the announced reforms, the European understanding of the essence of risk management in construction during decentralization becomes of paramount importance. Therefore, further research requires the study of the experience of European countries in the implementation of risk management processes in con- struction during the decentralization of power and the analysis of foreign systems of management mechanisms, in the context of their implementation in the na- tional practice of public administration.

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