scholarly journals Maturity Level Risk Management in State-Owned Enterprises

2022 ◽  
Author(s):  
Puti Sinansari ◽  
Syarifa Hanoum ◽  
Ilham Rinaldi
Keyword(s):  
Risk Management ◽  
Maturity Level

scholarly journals Risk Management Maturity Model for Logistic Processes

2021 ◽  
Vol 13 (2) ◽  
pp. 659
Author(s):  
Agnieszka A. Tubis ◽  
Sylwia Werbińska-Wojciechowska
Keyword(s):  
At Risk ◽  
Risk Management ◽  
Development Strategy ◽  
Assessment Method ◽  
Assessment Process ◽  
Strategy Development ◽  
Maturity Model ◽  
Maturity Level ◽  
Two Stage ◽  
Risk Maturity

Recently, the maturity models for risk management are attracting growing attention. The obtained maturity level defines an assessment of an organization’s management competence. Therefore, as a set of various tools and practices, the maturity model is critical for a company’s overall risk maintenance strategy development and implementation. Thus, the purpose of this article is to present a model for risk management maturity for logistic processes. We investigated the main defined assessment areas for risk maturity model implementation in logistic systems. Based on research findings, we introduced a new risk maturity assessment area based on participation in the supply chain—cooperation at risk. The proposed model constitutes the base for a two-stage assessment method implementation, where the global maturity index is introduced. Finally, we implement the proposed two-stage assessment method to verify the proposed model’s diagnostic function and determine its labor intensity. The study confirmed that the five defined maturity areas (knowledge, risk assessment, process risk management, cooperation at risk, and risk monitoring) provide a complex diagnostic tool for risk maturity level identification and, based on the obtained results, allows to define an appropriate development strategy for a given decision-making environment.

scholarly journals Assessment of Risk Management Maturity of Construction Organisations in Joint Venture Projects

2019 ◽  
Vol 9 (1) ◽  
pp. 20-28
Author(s):  
R. S. Abdulrahman ◽  
A. D. Ibrahim ◽  
P. G. Chindo
Keyword(s):  
Risk Management ◽  
Joint Venture ◽  
Evaluation Technique ◽  
Fuzzy Synthetic Evaluation ◽  
Maturity Level ◽  
International Context ◽  
Assessment Technique ◽  
Qualitative Risk Assessment ◽  
Managing Risk

Abstract For organizations to be successful, they should be committed in managing risk proactively and consistently throughout the project and equally important is the determination of the Risk Management Maturity (RMM) of organizations because it is the commencing point in the review of the current RM systems, practices, and culture of construction organisations. It was reported that construction organisations lack the knowledge of their capability to manage risk and as a result, JV projects continue to fail. Studies have identified, categorised and assessed risk associated with JV projects in their local and international context but no study has assessed the RMM of construction organisations in JV projects. Therefore, this study assessed the RMM of construction organisations in JV projects. The attributes and dimensions used to assess the RMM of construction organisations were identified from literature and used in the survey to collect data from respondents and subsequently analysed using the Fuzzy synthetic evaluation technique. Findings revealed that construction organisations undertaking JV projects are at the “defined maturity level” which means that these organisations only practice informal risk management and uses only qualitative risk assessment technique. The study recommends that further studies should focus on how to improve and move from the current RMM level of construction organisations to the next maturity level (managed and optimised).

scholarly journals Impact of Responsible Leadership on Organizational Behaviour

2020 ◽  
Vol 9 (1) ◽  
pp. 36-41
Author(s):  
Sankar Rajeev
Keyword(s):  
Risk Management ◽  
Organizational Behavior ◽  
Organizational Effectiveness ◽  
Dynamic Condition ◽  
Responsible Leadership ◽  
Maturity Level ◽  
Organizational Behaviour ◽  
The Impact ◽  
Vital Factor ◽  
Innovative Concept

Employees have feelings, attitudes, values, moods and emotions which when directed in the desired manner leads to organizational effectiveness. One of the foremost contributions of a manger is leadership, because all organizations thrive on human resource as a vital factor. Success of a leader or ability to undertake risk management is an epitome of organization and its behavior, characterized by the leader, group and structure. Organizational environment thus created has evolved a dynamic condition which has given rise to a relatively innovative concept “Responsible leadership” considering maturity level of the group. This is not a theoretical framework but an approach to leadership. Responsible leadership advances the existing definitions of leadership and this research proposes to analyze the impact on organizational behavior.

Common risks in the translation industry

2018 ◽  
Vol 5 (2) ◽  
pp. 95-113 ◽  
Author(s):  
Helia Vaezian ◽  
Mahmoud Akbari
Keyword(s):  
Risk Management ◽  
Quantitative Research ◽  
Maturity Level ◽  
Management Framework ◽  
Qualitative And Quantitative ◽  
Risk Management Framework ◽  
The Common ◽  
Two Phases ◽  
Qualitative Phase ◽  
Risk Categories

Abstract The present research aimed at identifying and categorizing the common risks in the operations of translation companies. It further investigated the maturity level of translation companies in terms of risk management and their attitudes toward the application of a comprehensive risk management framework into their activities. The study had two phases of qualitative and quantitative research. During the qualitative phase, a total of 400 translation projects were observed in four translation companies and further based on the results of the qualitative phase, three questionnaires were developed and sent to 226 translation companies around the world. The researchers identified 44 risk candidates in the operation of translation companies and statistically grouped them into six risk categories. The results further indicated that translation company managers hardly know what risk management is about, while they demonstrated a significant interest in the application of a risk management framework into their activities.

A supply chain risk management maturity model and a multi-criteria classification approach

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ingrid Saiala Cavalcante de Souza Feitosa ◽  
Luiz Cesar Ribeiro Carpinetti ◽  
Adiel Teixeira de Almeida-Filho
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Maturity Model ◽  
Supply Chain Risk Management ◽  
Maturity Level ◽  
Supply Chain Risk ◽  
Social Implication ◽  
Content Type ◽  
Practical Applications ◽  
Proposed Model

PurposeThe purpose of this paper is to propose a supply chain risk management (SCRM) maturity model combined with a fuzzy TOPSIS classification method to evaluate and sort an organization into a pre-defined maturity level.Design/methodology/approachAn axiomatic and prescriptive research method guided this study. Therefore, it proposes a prescriptive approach of maturity classification based on a theoretical SCRM maturity model combined with a multi-criteria decision technique.FindingsThe results of a pilot application indicated a consistent classification and the value of the model for diagnosing flaws and pointing directions for improving operational and disruption risk management. Its comprehensiveness allows applying it to supply chains of several industry sectors.Research limitations/implicationsThe proposed model does not include all possible risks and could be revised in further developments. Also, adjustment of the maturity profiles of the multi-criteria decision-making (MCDM) model requires a learning process from practical applications.Practical implicationsThe adoption of the risk management maturity grid by practitioners may bring the benefit of a more objective and comprehensive evaluation of risk management processes in the supply chain context.Social implicationsAn immediate social implication derives from the improvement actions that may result from the diagnosis of risk management vulnerabilities identified in the pilot application. In general, the proposed model has the potential to reduce risks, improve results and contribute to economic sustainability.Originality/valueThe maturity grid and decision model integrate overall aspects of risk management, bringing together managerial concepts to deal with a variety of supply chain operational risks. The combined multi-criteria classification procedure to sort the maturity level of an organization is also a novelty.

scholarly journals Risk Management Analysis Using COBIT 4.1 at Vehicle Testing Management Information System

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Resad Setyadi ◽  
Septian Anggoro
Keyword(s):  
Information Technology ◽  
Information System ◽  
Risk Management ◽  
Management Information System ◽  
Motor Vehicle ◽  
Maturity Level ◽  
Management Information ◽  
Control Objective ◽  
Testing Management ◽  
Vehicle Testing

The role of information technology in an organization is growing so fast. Vehicle Testing of Management Information System (VTMIS) is a system that uses information technology to serve users in motor vehicle administration in the Banyumas transportation service area. VTMIS at the Banyumas Transportation Department is an integrated information system for the motor vehicle testing process starting from the registration process, levy payment, and vehicle testing. The purpose of this study is to analyze the risk management at VTMIS in Banyumas Transportation Department using Control Objective for Information and Related Technology (COBIT 4.1) domain Plan and Organize (PO) 9. COBIT 4.1 is a framework for analyzing and ensuring information technology aligns with business management by calculating maturity levels. The data analysis results from the PO9 domain show that VTMIS risk management has a maturity level of 3.46. The maturity level of VTMIS at the Banyumas Transportation Department is at level 3, namely defined, meaning that procedures are in a position of standardization, documentation, and individual communication. The recommendation for VTMIS at the Banyumas Transportation Department needs to carry out risk management in a structured, massive and integrated manner

scholarly journals Enterprise Risk Management Implementation Maturity in Non Bank and Financial Companies

ETIKONOMI ◽  
2017 ◽  
Vol 16 (2) ◽  
pp. 173-186 ◽  
Author(s):  
Subagio Tjahjono
Keyword(s):  
Risk Management ◽  
Regression Analysis ◽  
Data Analysis ◽  
Significant Influence ◽  
Stock Exchange ◽  
Real Variable ◽  
Enterprise Risk Management ◽  
Maturity Level ◽  
Dummy Variable ◽  
Enterprise Risk

Previous studies of ERM implementation mostly using dummy variable to figure out relation with its determinant. Until today, studies that using risk management maturity as real variable are limited. Therefore, this study intends to determine the maturity level of ERM implementation in non-financial companies listed on Indonesia Stock Exchange during period 2015 and influence of firm’s total assets, total employee, leverage and public ownership to the ERM maturity. The method use are qualitative and multiple regression analysis. The result of data analysis showed that ERM implementation in selected sample during 2015 are still low (majority in initial and repeatable level). In addition, from determinant factors only total asset that have significant influence to the ERM maturity. This result implies that non-financial listed companies are vulnerable to risks. Management should consider future benefit of a mature ERM, not only to comply with regulation.DOI: 10.15408/etk.v16i2.5440 

scholarly journals Risk management in the public sector: challenges in its adoption by Brazilian federal universities

2021 ◽  
Vol 32 (86) ◽  
pp. 241-254
Author(s):  
Artur Araújo ◽  
Anailson Marcio Gomes
Keyword(s):  
Risk Management ◽  
Response Rate ◽  
Maturity Level ◽  
Public Servants ◽  
The Public ◽  
Dispersion Measures ◽  
And Control ◽  
Governance Risk ◽  
Staff Engagement ◽  
And Training

ABSTRACT The aim of this study was to analyze the perception of the members of the risk committees of federal universities in Brazil regarding the challenges in the adoption of risk management in those institutions. Currently, federal universities are obliged by law to manage their risks. This is a recent process that presents them with considerable challenges, which have scarcely been explored. Studying the challenges in adopting risk management enables federal universities to gradually improve their overall management, with the aim of adopting the process in the best way possible. This study contributes to the professional and academic areas by proposing a set of actions within the operational context of the universities to improve the maturity level of the risk management of those institutions. The procedure adopted was a survey covering 68 federal universities in operation in 2019. The quantitative study was based on a questionnaire sent to the public servants on their governance, risk, and control committees, which had a 73% response rate. The data were analyzed using descriptive statistics and position and dispersion measures. Perception was analyzed regarding the challenges arising from the adoption of risk management, in which a lack of process mapping, the need for staff engagement and training, the emergence of divergences concerning the treatment of risk, and excess demands on staff were highlighted. The evidence indicated that risk management can guarantee and facilitate compliance with laws, regulations, norms, and standards, as well as the identification of external scenarios that can influence the occurrence of events that negatively impact not only the universities but the whole community.

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