scholarly journals Procurement Risk Framework: Guidance Note on Procurement

2021 ◽  
Keyword(s):  
Risk Management ◽  
Adverse Events ◽  
Guidance Note ◽  
Risk Framework ◽  
Contract Implementation ◽  
Project Objectives ◽  
Procurement Risk ◽  
Procurement Planning ◽  
Project Level ◽  
Management Of Risk

This guidance note describes ADB’s procurement risk framework for managing procurement risk throughout the procurement cycle. Effective risk management minimizes impacts on project objectives from adverse events. The guidance note describes how risks are identified, assessed, and managed at the country and sector/agency levels, and how those risks are used as inputs into the identification, assessment, and management of risk at the project level during procurement planning and through contract implementation.

Management of Risk and Adverse Events in Medical Entities

2018 ◽  
pp. 31-46
Author(s):  
Bożena Pieczka
Keyword(s):  
Risk Management ◽  
Patient Safety ◽  
Adverse Events ◽  
Medical Facility ◽  
Effective Reduction ◽  
Compensation Claims ◽  
Conscious Control ◽  
Management Of Risk

The purpose of this chapter is to point out that effective risk management, also in healthcare units, can contribute to the effective reduction of adverse events and, consequently, the compensation claims of the patients. Also defined is the concept of risk and outlines the necessary elements that should be included in effective risk management. As far as medical entities are concerned, risk management is primarily about dealing with adverse events. Conscious control and limiting the occurrence of these events affects patient safety in a medical facility.

Design Thinking as a Tool for the Analysis of Project Risks

2019 ◽  
Vol 16 (6) ◽  
pp. 60-77
Author(s):  
E. V. Vasilieva ◽  
T. V. Gaibova
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Design Thinking ◽  
Management Tools ◽  
Project Risk ◽  
Team Members ◽  
Investment Projects ◽  
Risk Management Process ◽  
Project Objectives ◽  
Project Risk Analysis

This paper describes the method of project risk analysis based on design thinking and explores the possibility of its application for industrial investment projects. Traditional and suggested approaches to project risk management have been compared. Several risk analysis artifacts have been added to the standard list of artifacts. An iterative procedure for the formation of risk analysis artifacts has been developed, with the purpose of integrating the risk management process into strategic and prompt decision-making during project management. A list of tools at each stage of design thinking for risk management within the framework of real investment projects has been proposed. The suggested technology helps to determine project objectives and content and adapt them in regards to possible; as well as to implement measures aimed at reducing these risks, to increase productivity of the existing risk assessment and risk management tools, to organize effective cooperation between project team members, and to promote accumulation of knowledge about the project during its development and implementation.The authors declare no conflict of interest.

scholarly journals Thawing Permafrost in Arctic Coastal Communities: A Framework for Studying Risks from Climate Change

2021 ◽  
Vol 13 (5) ◽  
pp. 2651
Author(s):  
Joan Nymand Larsen ◽  
Peter Schweitzer ◽  
Khaled Abass ◽  
Natalia Doloisio ◽  
Susanna Gartler ◽  
...  
Keyword(s):  
Risk Management ◽  
Risk Perception ◽  
Stakeholder Involvement ◽  
Coastal Communities ◽  
Mitigation Strategies ◽  
Socially Constructed ◽  
Local Stakeholders ◽  
Risk Framework ◽  
Relevant Stakeholder ◽  
Thawing Permafrost

Thawing permafrost creates risks to the environment, economy and culture in Arctic coastal communities. Identification of these risks and the inclusion of the societal context and the relevant stakeholder involvement is crucial in risk management and for future sustainability, yet the dual dimensions of risk and risk perception is often ignored in conceptual risk frameworks. In this paper we present a risk framework for Arctic coastal communities. Our framework builds on the notion of the dual dimensions of risk, as both physically and socially constructed, and it places risk perception and the coproduction of risk management with local stakeholders as central components into the model. Central to our framework is the importance of multidisciplinary collaboration. A conceptual model and processual framework with a description of successive steps is developed to facilitate the identification of risks of thawing permafrost in a collaboration between local communities and scientists. Our conceptual framework motivates coproduction of risk management with locals in the identification of these risks from permafrost thaw and the development of adaptation and mitigation strategies.

Risk-management practices for effective management of risk in research universities

2020 ◽  
pp. 51-58
Author(s):  
M.S.M. Ariff ◽  
N. Zaidin ◽  
N.Z. Salleh ◽  
R. Md. Nor ◽  
M.N. Som ◽  
...  
Keyword(s):  
Risk Management ◽  
Research Universities ◽  
Management Practices ◽  
Effective Management ◽  
Management Of Risk

scholarly journals Establishing Core Factors of Risk Management Influencing Performance Outcome of Small and Medium Firm's Construction Projects in Gauteng

2020 ◽  
Vol 25 (2) ◽  
pp. 93-127
Author(s):  
Berenger Yembi Renault ◽  
Justus Ngala Agumba ◽  
Nazeem Ansary
Keyword(s):  
Risk Management ◽  
Construction Industry ◽  
South African ◽  
Construction Projects ◽  
Geographical Area ◽  
Risk Identification ◽  
Influential Factors ◽  
Performance Outcome ◽  
Management Factors ◽  
Project Objectives

The quest for delivering successful construction projects has urged South African small and medium enterprises (SMEs) to adopt risk management in their projects. However, it has been evinced that SMEs projects in South Africa especially in the Gauteng province have encountered poor performances. Thus, this article determines core risk management factors influencing project outcome of SMEs. A deductive approach was embraced using a questionnaire. The data were collected from 181 conveniently sampled respondents in Gauteng, graded from Grade 1 to 6 of the CIDB (Construction Industry Development Board) grading system. The Statistical Package for the Social Science (SPSS) version 23 was used to analyse the data by computing exploratory factor analysis and multiple regression analysis. It was revealed that SMEs performance outcome is influenced by eight risk management factors. The influential factors are organisational environment, defining project objectives, resource requirements, risk measurement, risk identification, risk assessment, risk response and action planning and monitoring, review and continuous improvement. The risk management factors established in this article are reliable and valid in projects undertaken by SMEs in the South African construction industry and the findings can serve as a guideline for contractors to achieve success in this context. The study may be repeated in other countries globally, however, it cannot be generalised due to the restrictions pertaining to the geographical area.

scholarly journals Risk management of risk under the Basel Accord: forecasting value‐at‐risk of VIX futures

2011 ◽  
Vol 37 (11) ◽  
pp. 1088-1106 ◽  
Author(s):  
Chia‐lin Chang ◽  
Juan‐Ángel Jiménez‐Martín ◽  
Michael McAleer ◽  
Teodosio Pérez‐Amaral
Keyword(s):  
At Risk ◽  
Risk Management ◽  
Value At Risk ◽  
Basel Accord ◽  
Vix Futures ◽  
Management Of Risk

Modeling Cyber Threats as Medical Adverse Events

2021 ◽  
pp. 127-147
Author(s):  
Eric D. Perakslis ◽  
Martin Stanley
Keyword(s):  
Risk Management ◽  
Adverse Events ◽  
Best Practice ◽  
Digital Health ◽  
Risk Equation ◽  
Cyber Threats

This chapter reviews best practice approaches to performing cybersecurity risk management. It introduces the cybersecurity risk equation and explains how to apply cybersecurity controls to mitigate cybersecurity risks. The chapter also provides an overview of approaches to identify cybersecurity threats and known categories of cybersecurity threats to digital health.

scholarly journals Strategic Incapacitation of Indigenous Dissent: Crowd Theories, Risk Management, and Settler Colonial Policing

2018 ◽  
Vol 43 (4) ◽  
pp. 325-348 ◽  
Author(s):  
Miles Howe ◽  
Jeffrey Monaghan
Keyword(s):  
Risk Management ◽  
Social Movements ◽  
Criminal Justice ◽  
Criminal Justice System ◽  
Justice System ◽  
Protest Policing ◽  
Indigenous Social Movements ◽  
The Right ◽  
Management Of Risk

Engaging scholarship from sociologies of security to protest policing, this article explores how risk management and actuarial tools have been operationalized in Canadian policing of Indigenous protests. We detail RCMP actuarial tools used to assess individual and group risk by tracing how these techniques are representative of much older trends in the criminal justice system surrounding the management of risk, but also have been advanced by contemporary databanking and surveillance capacities. Contesting public claims of police impartiality and objectivity, we highlight how the construction of riskiness produces an antagonism towards “successful” Indigenous protests. Though the RCMP regularly claim to “protect and facilitate the right to lawful advocacy, protest and dissent,” we show how these practices of strategic incapacitation exhibit highly antagonistic forms of policing that are grounded in a rationality that seeks to demobilize and delegitimize Indigenous social movements.

Countering threats from cyber and information risks

2019 ◽  
Vol 1 (2) ◽  
pp. 74-76
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Holistic Approach ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Content Type ◽  
Management Of Risk

Findings Wider utilization of different technologies has increased the number and variety of potential disruptions to supply chain operations. Cyber supply chain risk management is thus growing in importance and its effectiveness at preventing and countering such threats can be maximized if supply chain members adopt a more holistic approach to the management of risk.

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