Analysis and evaluation of the effectiveness of risk management in aviation activities

2020 ◽  
pp. 58-64
Author(s):  
P.Yu. Lieberman ◽  
◽  
A.P. Yastrebov ◽  
Keyword(s):  
Risk Management ◽  
Hazard Identification ◽  
Conceptual Approach ◽  
New Approach ◽  
Analysis And Evaluation ◽  
Process Indicators ◽  
Operational Management ◽  
Risk Research ◽  
Structured Approach ◽  
Risk Assessment And Management

Innovative technologies of risk management in aviation activities are considered. The purpose of the research is determined by the need to form a qualitatively new approach related to the creation of a risk management system that allows the active use of modern digital technologies. Risk analysis includes procedures for identifying risk factors and assessing their significance. Risk management plays a particularly important role in aviation activities and requires a consistent and systematic process of objective analysis and assessment using reactive and proactive methods and techniques. It is shown that risk management is a structured approach and systematic actions aimed at achieving a balance between identified and assessed risk, as well as practical risk reduction. Two main elements should be considered in the process of risk research: hazard identification, i.e. identification of undesirable or adverse events, and analysis of the causes that cause these events and may cause harm. The article describes a conceptual approach to risk management in aviation activities, which is the basis for implementing the principles of operational management of the air transport security system, and provides recommendations for the analysis and assessment of risk events. To improve the effectiveness of the security management process, indicators are defined and a methodology for risk assessment and management is proposed.

scholarly journals An Approach to Sustainability Risk Assessment in Industrial Assets

2021 ◽  
Vol 13 (12) ◽  
pp. 6538
Author(s):  
Fco. Javier García-Gómez ◽  
Víctor Fco. Rosales-Prieto ◽  
Alberto Sánchez-Lite ◽  
José Luis Fuentes-Bargues ◽  
Cristina González-Gaya
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Asset Management ◽  
Analysis And Evaluation ◽  
The People ◽  
Preliminary Study ◽  
Assessment Procedures ◽  
Identification Analysis ◽  
A Company ◽  
Industrial Company

Asset management, as a global process through which value is added to a company, is a managerial model that involves major changes in strategies, technologies, and resources; risk management; and a change in the attitude of the people involved. The growing commitment of companies to sustainability results in them applying this approach to all their activities. For this reason, it is relevant to develop sustainability risk assessment procedures in industrial assets. This paper presents a methodological framework for the inclusion of sustainability aspects in the risk management of industrial assets. This approach presents a procedure to provide general criteria, methodology, and essential mandatory requirements to be adopted for the identification, analysis, and evaluation of sustainability aspects, impacts, and risks related to assets owned and managed by an industrial company. The proposed procedure is based on ISO 55,000 and ISO 31,000 standards and was developed following three steps: a preliminary study, identification of sustainability aspects and sustainability risks/opportunities, and impact assessment and residual risks management. Our results could serve as a model that facilitates the improvement of sustainability analysis risks in industrial assets and could be used as a basis for future developments in the application of the standards to optimize management of these assets.

Controlling Hazards through Risk Management - A Structured Approach

2004 ◽  
Author(s):  
R. Theriau ◽  
K. Rispler ◽  
S. Redpath
Keyword(s):  
Risk Management ◽  
Structured Approach

scholarly journals Clusters for Medical Tourism as a new Approach for Risk Management in Cross-border Healthcare

2017 ◽  
Vol 27 (suppl_3) ◽  
Author(s):  
L Georgieva ◽  
R Dimitrova ◽  
K Lazarova ◽  
R Gerl ◽  
M Georgiev
Keyword(s):  
Risk Management ◽  
Medical Tourism ◽  
New Approach ◽  
Cross Border

scholarly journals Measuring innovation: A state of the science review of existing approaches

2018 ◽  
Vol 14 (3) ◽  
pp. 409 ◽  
Author(s):  
Philipp Ter Haar
Keyword(s):  
Work Team ◽  
Comprehensive Overview ◽  
Individual Level ◽  
Process Indicators ◽  
Country Level ◽  
Key Characteristics ◽  
Definition Of ◽  
State Of The Science ◽  
Structured Approach ◽  
Level Of Analysis

Purpose: The level of innovation is essential for a company’s or country’s competitive advantage and the ways to measure innovation are manifold. The review aims to give an overview over the continuously growing body on approaches to measure innovation.Design/methodology/approach: A new definition of innovation measuring is proposed. Based on this definition a structured approach for researching the literature was applied. A selection of 30 advances is discussed and a 4-level-of-analysis-framework is applied to review the broad research on measuring innovation on individual, work team, company and country level.Findings: The narrative review shows that specific measuring frameworks exists for each level of analysis. Output oriented indicators can be found on all levels, they are complemented by potential enablers on country level, process indicators on company and project level and behavioural indicators on individual level. Approaches specifically focussing on work teams could not be found.Research limitations/implications: Further research is needed on specific advances on measuring innovation on work-team level.Practical implications: By discussing key characteristics of the reviewed studies, the analysis will help decision makers to choose a fitting approach and support researchers by identifying open fields of research. It is recommended to research on advances to measure innovation on work team level to close the existing gap.Originality/value: While influences on innovation are extensively discussed a comprehensive overview over the approaches to identify the effects of modifying these influences is missing. This paper intends to closes this gap.

Fuzzy Rules for Risk Assessment and Contingency Estimation within COCOMO Software Project Planning Model

2014 ◽  
pp. 88-111 ◽  
Author(s):  
Ekananta Manalif ◽  
Luiz Fernando Capretz ◽  
Danny Ho
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Project Planning ◽  
Project Managers ◽  
Research Data ◽  
Software Project ◽  
Planning Model ◽  
Effort Estimation ◽  
New Approach ◽  
Project Risks

Software development can be considered to be the most uncertain project when compared to other projects due to uncertainty in the customer requirements, the complexity of the process, and the intangible nature of the product. In order to increase the chance of success in managing a software project, the project manager(s) must invest more time and effort in the project planning phase, which involves such primary and integrated activities as effort estimation and risk management, because the accuracy of the effort estimation is highly dependent on the size and number of project risks in a particular software project. However, as is common practice, these two activities are often disconnected from each other and project managers have come to consider such steps to be unreliable due to their lack of accuracy. This chapter introduces the Fuzzy-ExCOM Model, which is used for software project planning and is based on fuzzy technique. It has the capability to not only integrate the effort estimation and risk assessment activities but also to provide information about the estimated effort, the project risks, and the effort contingency allowance necessary to accommodate the identified risk. A validation of this model using the project’s research data shows that this new approach is capable of improving the existing COCOMO estimation performance.

The Operational Risk Assessments in Manufacturing Industry

2017 ◽  
pp. 125-146
Author(s):  
Melek Akgün
Keyword(s):  
Risk Management ◽  
Manufacturing Industry ◽  
Operational Risk ◽  
Hazard Identification ◽  
Natural Environments ◽  
Operational Environment ◽  
Risk Environment ◽  
Operational Risk Management ◽  
Management Function ◽  
And Control

Today's companies are facing frequent fluctuation in their social, politics, economics and natural environments, which significantly increased complexity in management function. In such a high risk environment planning, coordinating and control of a company's functions is a very challenging duty for management teams. Regardless of the source this kind risks are dealt with by operational risk management process. The operational risk management has been applied mostly in financial institutions, particularly in the banks until near past. Nevertheless, the companies that are non-financial have to also use operational risk management techniques to continue properly their operations. The purpose of operational risk management can be defined as enhancing hazard identification in the operational environment in order to eliminate risks or reduce them to an acceptable level. In this chapter will be discussed the methods and techniques could be used for the operational risk assessment in manufacturing industry.

Fuzzy Rules for Risk Assessment and Contingency Estimation Within COCOMO Software Project Planning Model

2018 ◽  
pp. 771-797
Author(s):  
Ekananta Manalif ◽  
Luiz Fernando Capretz ◽  
Danny Ho
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Project Planning ◽  
Project Managers ◽  
Research Data ◽  
Software Project ◽  
Planning Model ◽  
Effort Estimation ◽  
New Approach ◽  
Project Risks

Software development can be considered to be the most uncertain project when compared to other projects due to uncertainty in the customer requirements, the complexity of the process, and the intangible nature of the product. In order to increase the chance of success in managing a software project, the project manager(s) must invest more time and effort in the project planning phase, which involves such primary and integrated activities as effort estimation and risk management, because the accuracy of the effort estimation is highly dependent on the size and number of project risks in a particular software project. However, as is common practice, these two activities are often disconnected from each other and project managers have come to consider such steps to be unreliable due to their lack of accuracy. This chapter introduces the Fuzzy-ExCOM Model, which is used for software project planning and is based on fuzzy technique. It has the capability to not only integrate the effort estimation and risk assessment activities but also to provide information about the estimated effort, the project risks, and the effort contingency allowance necessary to accommodate the identified risk. A validation of this model using the project's research data shows that this new approach is capable of improving the existing COCOMO estimation performance.

Applying Probabilistic Risk Assessment to Safety Risk Analysis in Aviation

2016 ◽  
pp. 321-343
Author(s):  
Poornima Balakrishna ◽  
Sherry Smith Borener ◽  
Ian Crook ◽  
Alan Durston ◽  
Mindy J. Robinson
Keyword(s):  
Risk Assessment ◽  
Probabilistic Risk Assessment ◽  
Hazard Identification ◽  
Assessment Model ◽  
Subject Matter Experts ◽  
Technological Changes ◽  
National Airspace System ◽  
Assessment Techniques ◽  
Structured Approach ◽  
Probabilistic Risk

When making policy, procedural, or technological changes to a complex system that has safety implications, a key question decision makers must answer is: What are the risks to the users of the system that will result from making these changes to the system? This chapter illustrates a method to explore different facets of this question using mathematical modeling and probabilistic risk assessment techniques, with the objective of assessing the safety impact of changes to the National Airspace System that follow from the Federal Aviation Administration's next generation air traffic modernization program. The authors describe the development of an Integrated Safety Assessment Model as a structured approach to evaluating current and emerging risks in National Airspace System operations. This process addresses the previously stated risk question by combining fault tree and event sequence diagram modeling techniques, hazard identification and analysis methods, opinions from subject matter experts, and concepts from business intelligence.

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