scholarly journals Critical success factors for the implementation of an operational risk management system

2012 ◽  
Vol 10 (1) ◽  
pp. 137-147
Author(s):  
M.D. Gibson ◽  
Jacobus Young
Keyword(s):  
Risk Management ◽  
Financial Services ◽  
Management System ◽  
Critical Success Factors ◽  
Success Factors ◽  
Operational Risk ◽  
Operational Risk Management ◽  
Critical Success ◽  
Risk Management System ◽  
Implementation Failure

Operational risk has become an increasingly important topic within financial institutions resulting in an increased spend on operational risk management solutions. While this is a positive approach, evidence has shown that information technology implementations have tended to have low rates of success. Research has highlighted that a series of defined critical success factors could reduce the risk of implementation failure. Twenty-nine critical success factors were identified by means of a literature review and confirmed by a questionnaire that was distributed to an identified target group within the South African financial services community. Reponses to the questionnaire revealed that 27 of the 29 critical success factors were deemed important and critical to the implementation of an operational risk management system.

Critical Success Factors for Implementing a Configuration Management System

1992 ◽  
Author(s):  
David R. Novy
Keyword(s):  
Management System ◽  
Critical Success Factors ◽  
Success Factors ◽  
Configuration Management ◽  
Business Environment ◽  
Time To Market ◽  
Effective Implementation ◽  
Critical Success ◽  
Technology Tool

Abstract Companies must deliver quality products to market in the shortest possible time in order to remain competitive in today’s business environment. One technology tool which is emerging as a key to reducing time to market is configuration management. This paper discusses why configuration management is important and the the critical success factors for the effective implementation of a configuration management system.

Method over Mayhem in Managing e-Commerce Risk

2011 ◽  
pp. 107-119
Author(s):  
Dieter Fink
Keyword(s):  
Information Technology ◽  
Risk Management ◽  
Critical Success Factors ◽  
Success Factors ◽  
Literature Survey ◽  
Critical Success ◽  
Risk Management Methodology ◽  
Management Approaches ◽  
Operational Aspects ◽  
Technology Systems

Under the system of e-commerce, organisations leave themselves open to attack which can have catastrophic consequences. Recent well-publicised business disruptions to firms such as Northwest Airlines and Ebay have had significant business impacts. The chapter identifies the differences in risk management approaches for older information technology systems and those required for e-commerce. The benefits and the critical success factors for an e-commerce risk management methodology are identified and discussed. A literature survey revealed the existence of only two methodologies with potential suitability for e-commerce risk management. They are evaluated against the critical success factors. The chapter recommends a program of research to make risk management more dynamic and interactive particularly for the operational aspects of e-commerce.

Operational Risk Management Under Basel II: The Case of the Spanish Financial Services

2005 ◽  
Author(s):  
Ana Fernández Laviada ◽  
Francisco J. Martinez Garcia ◽  
Francisco M. Somohano
Keyword(s):  
Risk Management ◽  
Financial Services ◽  
Operational Risk ◽  
Basel Ii ◽  
Operational Risk Management

scholarly journals Operational Risk Management under Basel II - The Case of An Binh Joint Stock Bank

2016 ◽  
Vol 19 (4) ◽  
pp. 108-126
Author(s):  
Trung Quoc Trinh ◽  
Thuy Thu Pham
Keyword(s):  
Risk Management ◽  
Financial Services ◽  
Commercial Banks ◽  
Banking System ◽  
Operational Risk ◽  
Business Environment ◽  
Basel Ii ◽  
Global Market ◽  
Local Market ◽  
Operational Risk Management

In order to enhance commercial banks’ safety in financial services, Basel Committee on Banking Supervision issued a framework on operational risk management under Basel II. In an ever riskier business environment, it is necessary for Vietnam’s commercial banks to increase their competencies in risk management, especially in operational risk management. This is to ensure a sustainable development for banks in the local market and in the global market as well. In recent years, Vietnam’s commercial banks have developed systems for operational risk management. Therefore, the performance assessment is of importance to improve and enlarge applications on operational risk management, from perceptions, corporate’s culture, procedures to other supportive measures on the field of risk management in Vietnam’s banking system.

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