Risk Management Process – Risk Identification and Analysis

2021 ◽  
pp. 673-700
Author(s):  
Frank R. Spellman ◽  
Lorilee Medders ◽  
Paul Fuller ◽  
Gordon Graham
Keyword(s):  
Risk Management ◽  
Risk Identification ◽  
Management Process ◽  
Risk Management Process ◽  
Process Risk

scholarly journals PENGELOLAAN MANAJEMEN RESIKO GADAI NON-EMAS TIDAK TERTEBUS DI PEGADAIAN SYARIAH CABANG BLAURAN

2020 ◽  
Vol 6 (3) ◽  
pp. 446
Author(s):  
Dyah Palupi Dwi Cahyani ◽  
Muhammad Nafik Hadi Ryandono
Keyword(s):  
Qualitative Research ◽  
Risk Management ◽  
Research Method ◽  
Risk Control ◽  
Risk Identification ◽  
Research Data ◽  
Management Process ◽  
Regional Office ◽  
Risk Ranking ◽  
Risk Management Process

This study is aimed to know the mechanism of risk management in the management of unredeemed non-gold pawn in Blauran Sharia Pawnshop. Through the three phases of risk management that is risk identification, risk ranking, and risk control Blauran Sharia Pawnshop expected can be more minimize the risks, one of them is unredeemed non-gold pawn. The research method used was qualitative. Research data is obtained by doing interview techniques and documentation to the informant that was assistant deputy manager Pawnshop of Surabaya Regional Office, Head of Blauran Surabaya Sharia Pawnshop branch, and staff of Blauran Surabaya Sharia Pawnshop. The research showed that Blauran Sharia Pawnshop has run the risk management process in three ways: risk identification, risk ranking based on potency and the most influential risk, and risk control by conducting auction on non-goldpawning items that were not redeemed.Keyword: Risk Management, sharia mortgage, sharia pawnshop,unreedemed non-gold pawn

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.

scholarly journals IMPLEMENTASI MANAJEMEN RISIKO UNDERWRITING PADA PT ASURANSI JASINDO SYARIAH

2020 ◽  
Vol 7 (5) ◽  
pp. 901
Author(s):  
Wahyu Rofikah ◽  
Dina Fitrisia Septiarini
Keyword(s):  
Risk Management ◽  
Secondary Data ◽  
Risk Identification ◽  
Primary Data ◽  
Management Process ◽  
Snowball Sampling ◽  
Descriptive Case Study ◽  
Risk Monitoring ◽  
Risk Management Process

This study purpose to how the risk management process in PT Asuransi Jasindo Syariah with a case study of vehicle insurance class of business. This research uses a qualitative approach with a descriptive case study strategic. The research data was obtained through primary data in the form of interviews and secondary data. The selection of informants in interviews through snowball sampling techniques and secondary data obtained from supporting data in the form of archives, reports and relevant document and literature reviews related to research. The results of this study indicate that PT Asuransi Jasindo Syariah has a significant role in the process of underwriting risk management, especially in vehicle insurance product, which have the highest loss ratio among other products. The underwriting risk management process carried out by PT Asuransi Jasindo Syariah is risk identification, risk measurement, risk monitoring, and risk control.Keywords: risk management, underwriting, syariah insurance

scholarly journals RISK IDENTIFICATION TOOLS – POLISH MSMES COMPANIES PRACTICES

2013 ◽  
Vol 7 (1) ◽  
pp. 6-11
Author(s):  
Iwona Gorzeń-Mitka
Keyword(s):  
Risk Management ◽  
Key Words ◽  
Qualitative Data ◽  
Small And Medium Enterprises ◽  
Risk Identification ◽  
Management Process ◽  
Management Decisions ◽  
Risk Management Process ◽  
Medium Enterprises

The purpose of this study is to present risk identification tools in Polish micro, small and medium-sized enterprises (MSMEs). Risk identification is a key element of the risk management process in companies. Correctly fitting risk identification tools affect the accuracy of management decisions. The result of research is to identify the leading risk identification tools used by MSMEs. The study was conducted in 2010-2012 using a mixed survey-monographic method and questionnaires. The qualitative data were obtained during the study. Key words: risk management, risk identification, micro, small and medium enterprises (MSMEs).

scholarly journals THE EFFECT OF MANAGING RISK PROCESS IN CONSTRUCTION PROJECTS

2020 ◽  
Vol 5 (4) ◽  
pp. 101-114
Author(s):  
Khanm Noori Kaka HamaAttar
Keyword(s):  
Risk Management ◽  
Construction Projects ◽  
Theoretical Aspect ◽  
Risk Process ◽  
Risk Identification ◽  
Management Process ◽  
Risk Management Process ◽  
Risks Assessment ◽  
Managing Risk ◽  
The Impact

The aim of this study is to get a better understanding for the effect of the set of the risks in the construction projects, in addition to how mitigating these risks in those projects. Indeed risks are frequently playing the same rules, but the nature of project defines the specific risks of the project. The first step in process of risks assessment is identification them. Once risk identification is complete, risk analysis is used to identify the likelihood the risks that have been identified will happen. Thus by using evidence from other research in the area, this study showed the impact of the set of the stages in the risk management process in the construction projects, which were discussed in greater detail in the theoretical aspect of the current study. The findings of the study were revealed the fact that the comprehension of risk and its management has the direct effect of understanding specific issues that involve to the project. In addition to that, the integration of a risk management process at each stage of its stages in construction projects must be oriented to the progress of the project and permeate all areas, functions and processes of the project. In this regard, the most successful project managers maintain open lines of communication throughout their organizations to stay in touch with constituent’s needs.

scholarly journals IT RISK IDENTIFICATION PROCESS ANALYSIS / IT RIZIKOS IDENTIFIKAVIMO PROCESO ANALIZĖ

2013 ◽  
Vol 5 (1) ◽  
pp. 46-52
Author(s):  
Rasma Janeliūnienė ◽  
Vida Davidavičienė
Keyword(s):  
Risk Management ◽  
Business Processes ◽  
Process Analysis ◽  
Risk Identification ◽  
Business Success ◽  
Success Factor ◽  
It Risk Management ◽  
Risk Management Process ◽  
Process Risk ◽  
It Risk

Business processes and business success that depends on information technology (IT) is now closely associated with IT risks, which is influenced by growing IT risk management and control needs. It is vitally important to identify, analyse and reduce systemic risk in order to avoid undesirable consequences, such as information loss, data leaks or damage. A critical success factor in this situation is the systematic and continuous IT risk management. This paper aims to analyse one part of the IT risk management process –risk identification. The article invoked the methods of literature analysis, synthesis, comparison, and generalization.Article in Lithuanian Santrauka Išaugusi verslo procesų, kartu ir verslo sėkmės, priklausomybė nuo informacinių technologijų (IT) šiuo metu yra glaudžiai susijusi su IT rizika. Tai daro įtaką augančiam IT rizikos valdymo ir kontrolės poreikiui. Nepaneigtina tai, kad identifikuota, išanalizuota ir sumažinta sistemos rizika leidžia išvengti nepageidaujamų pasekmių, tokių kaip informacijos praradimas, nutekėjimas ar duomenų sugadinimas. Pagrindinis sėkmės veiksnys siekiant užtikrinti organizacijos sėkmę valdant IT yra sistemingas ir tęstinis IT rizikos valdymas. Straipsnyje keliamas tikslas išanalizuoti vieną iš IT rizikos valdymo proceso etapų – rizikų identifikavimą. Straipsnyje pasitelkiami tokie metodai, kaip mokslinės literatūros analizė, sisteminimas, apibendrinimas.

scholarly journals Human Rights Due Diligence as Risk Management: Social Risk Versus Human Rights Risk

2016 ◽  
Vol 2 (2) ◽  
pp. 225-247 ◽  
Author(s):  
Björn FASTERLING
Keyword(s):  
Risk Management ◽  
Human Rights ◽  
Corporate Strategy ◽  
Risk Identification ◽  
Social Risk ◽  
Due Diligence ◽  
Business And Human Rights ◽  
Risk Management Process ◽  
Process Risk ◽  
Human Rights Due Diligence

AbstractThe UN Guiding Principles on Business and Human Rights endorse a risk management perspective of human rights due diligence, which may create ambiguities with regard to the nature of risk and the objectives of risk management. By ‘human rights risk’ we understand a business enterprise’s potential adverse human rights impacts. Human rights risk can be contrasted to an enterprise’s ‘social risk’ which refers to the actual and potential leverage that people or groups of people with a negative perception of corporate activity have on the business enterprise’s value.This article puts forward the argument that due diligence in respect of human rights risk is conceptually incompatible with the management of social risk, because social risk management and human rights due diligence vary at each step of the risk management process (risk identification, risk measurement and assessment, risk reduction measures). To resolve this incompatibility, an effective integration of human rights due diligence processes into corporate risk management systems would require an elevation of human rights respect to a corporate goal that determines corporate strategy.

Health Risk Communication and Media

2021 ◽  
pp. 123-139
Author(s):  
Banu Kumbasar
Keyword(s):  
Risk Management ◽  
Risk Communication ◽  
World Health ◽  
Management Process ◽  
Raising Awareness ◽  
Risk Management Process ◽  
Control And Prevention ◽  
Process Risk ◽  
Health Organization ◽  
The Right

Risk communication is a concept defined by many organizations like World Health Organization (WHO) and Centers for Disease Control and Prevention (CDC). Effective risk communication is a complex process. It is an interactive process of exchange of information and opinion among individuals, groups, and institutions. Risk communication is part of the risk management process, with the primary aims to promote awareness and understanding of risks. In the risk management process, risk communication is at the center. There are a number of approaches to the process of risk communication and its components, including how messages are sent and received. The management of public health outbreaks has always included a specific communication component in the form of warnings, risk messages, evacuation notifications, messages regarding self-efficacy, information regarding symptoms, and medical treatment, among many others. Media can play a significant role for raising awareness of the health issues. But the difficulty is to find the right channel of communication for the target audience.

Risiko-Identifikation

2016 ◽  
Vol 57 (1) ◽  
pp. 15-20
Author(s):  
Armin Töpfer ◽  
Anne Maertins ◽  
Patrick Pirl
Keyword(s):  
Risk Management ◽  
Critical Factor ◽  
Risk Identification ◽  
Annual Reports ◽  
Second Step ◽  
Management Process ◽  
The Third ◽  
Risk Management Process

Ein kritischer Erfolgsfaktor des Risikomanagement-Prozesses ist die vollständige Identifikation aller maßgeblichen Risiken, wobei diejenigen Risiken mit einem hohen Impact für das Unternehmen oftmals am schwersten zu erkennen sind. Um die Risiko-Identifikation insbesondere für kleine und mittelständische Unternehmen effizienter und effektiver zu gestalten, wurde ein Raster dafür entwickelt. Im ersten Schritt wurden dazu die bestehenden Risikokategorisierungen der Literatur und im zweiten Schritt die Lageberichte der 50 SDAX-Unternehmen im Hinblick auf die enthaltenen, weil genannten Risikofelder analysiert. Diese Ergebnisse wurden im dritten Schritt sprichwörtlich übereinander geklappt, um so ein möglichst vollständiges Raster zur Risiko-Identifikation zu entwickeln. A critical factor in the risk management process is the identification of all significant risks. In order for SMEs to efficiently and effectively outline potential concerns, a grid for risk identification was developed. The first step utilized the existing risk categorisations in literature while the second step analyzed the annual reports of the 50 SDAX companies. These results were then literally folded over one another in the third step in order to achieve a more or less complete grid of relevant risks for the time being. Keywords: sdax unternehmen, rm prozess, risikokategorisierung, kmu

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