scholarly journals Basic Concepts of Engineering Risk Management for Fastenings and Risk Register Based on Industry Survey

CivilEng ◽  
2020 ◽  
Vol 1 (3) ◽  
pp. 275-290
Author(s):  
Rene Kudszus ◽  
Robert Klemencic ◽  
Panagiotis Spyridis
Keyword(s):  
Risk Management ◽  
Risk Mitigation ◽  
Structured Interviews ◽  
Design Standards ◽  
Load Bearing ◽  
Management Procedure ◽  
Precise Knowledge ◽  
Risk Management Process ◽  
Wide Range ◽  
Industry Survey

Fastenings are becoming increasingly important in modern building practice. A wide range of products cover for the great flexibility that they provide in a large variety of applications. In order to ensure the safe and economical use of the fastenings, a combined effort of manufacturing firms, practicing engineers and constructors, research organizations, and public authorities has led to the establishment of interrelated design standards, application guidance, and product approvals. It is however evident that failures, in fact even small defects, of fastenings can lead to disproportionate catastrophic events. In addition to these state-of-the-art documents, which reflect the most precise knowledge possible, a management of possible residual risks and hence causes of failure is also indispensable. Due to the great range of fastening systems with different dimensioning and assembly guidelines, load-bearing behaviour and areas of application, and the overall complexity of the subject, a coherent risk management procedure against structural risks can be very helpful in this respect. This article deals with the technical and load-bearing related risks of fastening technology in construction. The objective of the paper is to introduce fundamental concepts and significant risks met in the fastenings design specification and installation. Moreover, it provides a rating of the identified risks and it transfers recommendations for risk mitigation, based on semi-structured interviews with expert professionals who are active in the field. The results are accumulated in a dedicated risk register as a standard tool of the risk management process in civil engineering, which is the first of its kind in current scientific literature. The aim is to assist future practice and research by providing a basis for risk management considerations for fastenings, which moreover reflects actual risks indicated in the outcome of an industry survey.

Domestic and international best practice in research and testing glass for load-bearing structures of buildings

2021 ◽  
Vol 31 (4) ◽  
pp. 5-19
Author(s):  
I. I. Vedyakov ◽  
D. V. Konin ◽  
A. A. Egorova ◽  
I. V. Rtishcheva
Keyword(s):  
Best Practice ◽  
Glass Structure ◽  
Deformation Modulus ◽  
Distinct Pattern ◽  
Design Standards ◽  
Load Bearing ◽  
Wide Range ◽  
Two Samples ◽  
Scientific Technical ◽  
Testing Standards

The present work provides an overview and analysis of scientific, technical, regulatory, and methodical Russian and foreign literature regarding using glass as a material for load-bearing structures of buildings. In the absence of design standards, an experimental study of usually one or two samples is necessary each time glass structure is used; however, this is insufficient to determine the distinct pattern of material performance. Since jointing the glass structures has been rarely studied, the number of tests is minimal, thus preventing establishing the unambiguous material operation and its calculated physical and mechanical characteristics. The article considers and evaluates the test results of glass structures obtained by various methods. The particular values of ultimate stresses and deformation modulus lie in a wide range. The technology, manufacturing process, and starting materials have a significant influence on the characteristics of glass, including multilayer glass. This article stresses the need for developing regulatory technical and methodical documents, the design and testing standards for glass structures and their jointing. It is necessary to classify load-bearing glass structures by various criteria.

scholarly journals Impact of Quality Risk Management Process in Pharmaceutical Industry to Curtail the Non Conformity

2013 ◽  
Vol 11 (01) ◽  
pp. 74-82
Author(s):  
Aachchhadita Sharma ◽  
Raju Mari Jeyaprakash ◽  
Raju Mari Jeyaprakash ◽  
Rinchi Bora ◽  
Abinash Chandra
Keyword(s):  
Risk Management ◽  
Risk Mitigation ◽  
Drug Product ◽  
Management Process ◽  
Ground Rule ◽  
Quality Risk Management ◽  
Risk Management Process ◽  
Regulatory Bodies ◽  
Quality Risk ◽  
Risk Scale

Risk is intertwined with every drug product in a market. This article’s intent is to provide ground rule and praxis of different tools for Quality Risk Management (QRM) in various aspects of pharmaceutical science. QRM comprises of tools and processes which helps in establishing objectives. Hence they are also known as Enablers. Enablers help in risk mitigation of product quality throughout a lifecycle in such a way that benefit outweighs the risk. The key properties of Enablers or QRM, i.e., attempts made, solemnness and records shall be compatible with risk scale. The Enablers accomplishment gives recognized, obvious and steps of Enabler process produced by regeneratable methods which is based on customary comprehension to evaluate feasibility, ability to find out risk prejudice. The QRM or Enabler tools can assist the manufacturing company and regulatory bodies to scrutinize, handle, notify, and inspect the risk.

MODELING CONTRACT PRACTICES RESULTING IN RISK MISALLOCATION

2019 ◽  
Vol 6 (1) ◽  
Author(s):  
Chipozya Tembo-Silungwe
Keyword(s):  
Risk Management ◽  
Literature Review ◽  
Risk Mitigation ◽  
Project Managers ◽  
Risk Allocation ◽  
Structured Interviews ◽  
Building Sector ◽  
Advance Knowledge ◽  
Selection Of

Risk misallocation has been a topic of discussion in the extent literature for some time now. The literature points out that risk management is the key to ensuring that optimal risk allocation is achieved. While the focus on risk allocation has been about the party best suited to carry a given risk, the issue of how misallocation occurs is rarely dealt with. This paper modeled how risk misallocation can result from contract practice. This was done through a literature review and 15 purposive heterogeneous semi-structured interviews conducted with clients, project managers, architects, engineers and quantity surveyors in the Zambian building sector. The derived model suggests that misallocation could result from inappropriate selection of risk mitigation mechanisms provided for in the contract, poor selection of contracts and use of inappropriate procurement routes. These findings advance knowledge that necessitates the allocation of risk appropriately as the areas of contract practice and risk management are rarely researched with regards to risk misallocation.

scholarly journals Development of methodological approaches to establishing an integrated risk management framework for leasing transactions in Ukraine

2017 ◽  
pp. 49-63
Author(s):  
Anzhela Kuznietsova ◽  
Oleksandr Levchenko
Keyword(s):  
Risk Management ◽  
Product Life Cycle ◽  
Risk Mitigation ◽  
Management Framework ◽  
Risk Management Framework ◽  
Integrated Risk ◽  
Credit Mechanism ◽  
Risk Management Process ◽  
Low Efficiency ◽  
Integrated Risk Management

Based on studies of domestic and foreign researchers, the article gives a modified and extended classification of risks related to leasing transactions which includes a new classify cation attribute ‘by types of leasing activities’ (in terms of risk management). Risk mitigation techniques for leasing transactions are described in detail, as well as their essence, ways of introducing and expected outcomes. The advantages of securitization are summarized and key reasons for low efficiency of this method in the domestic leasing market are identified. For these reasons, the domestic stock market is less developed and Ukraine’s current legislation on leasing is imperfect. It is pointed out that success in development of Ukraine’s financial market relies on the growth of leasing along with the efficiency of financial and credit mechanism that supports leasing transactions and determines the quality of risk management framework as an integral part of such a mechanism. The process of risk management for leasing transactions is formalized. A comparative analysis of fragmentary and complex approaches applied in Ukraine towards establishing a risk management framework for leasing companies is undertaken. The paper justifies the necessity of establishing an integrated risk management framework for leasing transactions as part of financial and credit mechanism that supports leasing transactions. The need for establishing such a framework is driven by the following market trends: globalization; increased competition; company consolidation; product standardization; product life cycle decrease; technological innovation; increased attention to risks given by the state, society, stockholders and board of directors. It is stated that establishing an integrated risk management framework for leasing transactions involves the following progressive steps: setting goals and targets, identifying and evaluating risks, planning for potential risks, monitoring risks and introducing risk management process. The article highlights the main goal of an integrated risk management framework for leasing transactions, long-term tasks for achieving this goal, major function that the framework should perform and principles that it should preserve.

Wildfire Communication and Climate Risk Mitigation

2017 ◽  
Author(s):  
Robyn S. Wilson ◽  
Sarah M. McCaffrey ◽  
Eric Toman
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Private Property ◽  
Risk Mitigation ◽  
Strategic Communication ◽  
Management Tool ◽  
Wildfire Risk ◽  
The Public ◽  
Resource Managers ◽  
Risk Management Process

Throughout the late 19th century and most of the 20th century, risks associated with wildfire were addressed by suppressing fires as quickly as possible. However, by the 1960s, it became clear that fire exclusion policies were having adverse effects on ecological health, as well as contributing to larger and more damaging wildfires over time. Although federal fire policy has changed to allow fire to be used as a management tool on the landscape, this change has been slow to take place, while the number of people living in high-risk wildland–urban interface communities continues to increase. Under a variety of climate scenarios, in particular for states in the western United States, it is expected that the frequency and severity of fires will continue to increase, posing even greater risks to local communities and regional economies.Resource managers and public safety officials are increasingly aware of the need for strategic communication to both encourage appropriate risk mitigation behavior at the household level, as well as build continued public support for the use of fire as a management tool aimed at reducing future wildfire risk. Household decision making encompasses both proactively engaging in risk mitigation activities on private property, as well as taking appropriate action during a wildfire event to protect personal safety. Very little research has directly explored the connection between climate-related beliefs, wildfire risk perception, and action; however, the limited existing research suggests that climate-related beliefs have little direct effect on wildfire-related action. Instead, action appears to depend on understanding the benefits of different mitigation actions and in engaging the public in interactive, participatory communication programs that build trust between the public and natural resource managers. A relatively new line of research focuses on resource managers as critical decision makers in the risk management process, pointing to the need to thoughtfully engage audiences other than the lay public to improve risk management.Ultimately, improving the decision making of both the public and managers charged with mitigating the risks associated with wildfire can be achieved by carefully addressing several common themes from the literature. These themes are to (1) promote increased efficacy through interactive learning, (2) build trust and capacity through social interaction, (3) account for behavioral constraints and barriers to action, and (4) facilitate thoughtful consideration of risk-benefit tradeoffs. Careful attention to these challenges will improve the likelihood of successfully managing the increasing risks that wildfire poses to the public and ecosystems alike in a changing climate.

scholarly journals Supply chain risk management at seaport container terminals

2019 ◽  
Vol 26 (3) ◽  
Author(s):  
Gabriela Costa Dias ◽  
Ilton Curty Leal Junior ◽  
Ualison Rébula de Oliveira
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Supply Chains ◽  
Container Terminals ◽  
Management Process ◽  
Supply Chain Risk Management ◽  
Structured Interviews ◽  
Supply Chain Risk ◽  
Risk Management Process ◽  
Exploratory Survey

Abstract Since seaports are common and crucial links in the supply chains of several organizations, the objective of this work was to identify what risks a port can offer to the organizations in its chain and how they are treated by the port’s managers. An exploratory survey was carried out using semi-structured interviews with employees of the company that operates the container and coal terminal of the second largest Brazilian port. The results revealed there is no structured risk management process by the port administration, but several actions taken revealed concern for reaction to risk situations. This highlights the benefits of clarifying the issues, contributing to the literature and assisting professionals in structuring a supply chain risk management process.

scholarly journals Strategi Investasi & Manajemen Resiko Rumah Sakit Swasta di Bali

2019 ◽  
Vol 16 (2) ◽  
pp. 110
Author(s):  
Ni Ketut Yunita Wulan Dewi ◽  
Gede Sri Darma
Keyword(s):  
Risk Management ◽  
Risk Mitigation ◽  
Mitigation Strategies ◽  
Hospital Data ◽  
Investment Policies ◽  
Risk Management Process ◽  
The Board Of Directors ◽  
Risk Mitigation Strategies ◽  
Depth Interviews ◽  
Hospital Finance

ABSTRACTThe purpose of this study is to understand the investment policies of financial aspects based on risk management and to know that the investment studies are appropriate. This study uses qualitative methods that explore the implementation of risk management-based investment policies at Denpasar private hospital. Data collection uses documentation techniques and in-depth interviews with the board of directors and hospital finance staff. The data is then analyzed qualitatively by data reduction, data presentation, and conclusion drawing.            The results of the calculation using the NPV method obtained a positive value of Rp. 463.592.397, the IRR method obtained an interest rate of 10,62% and the PP method shows the return on investment within 8 years so the project is said to be feasible. Regarding investment risks, hospitals have not implemented an optimal risk management process so that it has the potential to pose a risk of loss.            The application of risk management to investment policies is important even though these investments are feasible, especially related to the development of risk mitigation strategies. This study discusses the analysis of hospital investment policy from the financial aspect, so it is expected that further research add other aspects as a reference in assessing investment feasibility.     

scholarly journals Incorporating Sustainability Considerations into Lending Decisions and the Management of Bad Loans: Evidence from Greece

2018 ◽  
Vol 10 (12) ◽  
pp. 4728 ◽  
Author(s):  
Theodosios Anagnostopoulos ◽  
Antonis Skouloudis ◽  
Nadeem Khan ◽  
Konstantinos Evangelinos
Keyword(s):  
Risk Management ◽  
Credit Risk ◽  
Financial Intermediaries ◽  
Management Approach ◽  
Credit Risk Management ◽  
Critical Question ◽  
Risk Management Process ◽  
Wide Range ◽  
Bad Loans ◽  
Lending Decisions

The financial sector’s role is undeniably crucial in modern economies. Yet, this sector often attracts criticisms. Of particular concern is the negligence of proper credit risk management, which may undermine (macro)economic stability. The absence of appropriate policies (industry and institutional) draws attention to firm performance indicators, which remain short-sighted in assessing the provision of sustainable risk management. The sector and, in particular, financial intermediaries (FIs) must confront the complex task of assessing their impacts and, in doing so, actively endorse enabling conditions towards sustainable development. Our paper offers managerial insights from a wide range of financial intermediaries (FIs) currently active in Greece. We address the critical question of how FIs incorporate sustainability in credit risk management. A mixed-methods approach of online questionnaires and semi-structured interviews was utilized to link and investigate managerial perspectives of sustainability risks and their impact on bad loans. The executives’ responses revealed that sustainability risk management indeed exists, but it has yet to penetrate core processes. It does provide strong motives over new management techniques and contributes to a higher level of materiality of FI’s core operations. Nonetheless, there is still plenty of room for improvement before sustainability risk assessments are comprehensively incorporated in all phases of the credit risk management process so that a robust sustainability management approach underpins FI’s core mission and goals.

Supply chain risk mitigation in South Africa: a case study of Eskom

2019 ◽  
Vol 27 (3) ◽  
pp. 1105-1125
Author(s):  
Ellsworth Chouncey Jonathan ◽  
Chengedzai Mafini ◽  
Joyendu Bhadury
Keyword(s):  
South Africa ◽  
Risk Management ◽  
Economic Development ◽  
Risk Mitigation ◽  
Sampling Technique ◽  
Social Implications ◽  
Structured Interviews ◽  
Content Type ◽  
Academic Literature ◽  
African Context

Purpose Interferences to supply chains (SC), regardless of whether they are regular, unplanned or intentional, are progressively distorting SC execution. As such, risk mitigation in SCs has received sufficient attention in the academic literature. However, there is scant research done on this topic within the African context, and none on the SC of electrical energy on that continent. In an effort to address this gap, the purpose of this paper is to focus on the SC department of Eskom, the primary utility company of South Africa and one of the largest on the continent. Design/methodology/approach Adopting a non-probability sampling approach utilising the purposive sampling technique to choose the sampling components from the target population, data were collected through semi-structured interviews as well as additional documentation in various forms. Data interpretation and codification thereof were done using ATLAS.ti 8 from which ten themes emerged. Findings The ten themes that emerged from the analysis of data show that SC risks emanate from value streams, information and affiliations, SC activities and external situations. Furthermore, these are brought into relief within the African context through examples and quotes from Eskom managers. Research limitations/implications Based on the findings, the paper makes five major recommendations that would broadly apply not only to SC risk management (SCRM) in Eskom, but also other African utility companies. Practical implications Companies in emerging economies such as South Africa and other Sub-Saharan countries face a unique set of challenges with regards to SCRM. Some of these are identified in this paper and appropriate recommendations have been made. Social implications Being the largest utility provider in Africa, services offered by Eskom are vital for economic development of South Africa as well as neighbouring countries. As such, the findings of this paper as well as the recommendations have social implications for economic development in that country as well as the region. Originality/value While SC risk management has been studied extensively in the academic literature, to the best of the authors’ knowledge, this is the first paper that attempts to study it within the context of South Africa with focal emphasis on one of the largest corporations in that country.

scholarly journals Research on E-healthcare Security Evaluation in Cloud-Based System

2019 ◽  
Vol 8 (2S11) ◽  
pp. 3054-3058
Keyword(s):  
Risk Management ◽  
Data Privacy ◽  
Medical Information ◽  
Personal Information ◽  
Healthcare Systems ◽  
Security Evaluation ◽  
Healthcare Industry ◽  
Health Records ◽  
Management Procedure ◽  
Risk Management Process

As healthcare adopts electronic methods of storing patient health records, cloud technology allows mining and analyzing this data and accessing the general public health information. Patient’s privacy and security of personal information is crucial when considering using electronic health records in the healthcare industry (E-Healthcare). The need of the hour is to be able to store and recover patient’s data efficiently. However, moving patient’s medical information to the Cloud involves major security risks and destructs robust data privacy of health records. The threat of data breaches and the need to manage huge amounts of data are issues that have affected the healthcare industry for years. The privacy issues and threats faced by E-healthcare systems include network attacks and threats to hosts and unsanctioned access to EHR records. The major EHR system functions such as appointment scheduling, dietary planning, admission and discharge, transfer radiology/lab orders and prescription order entry are vulnerable to security threats. Security issues need to be assessed thoroughly in order for hospitals and other such medical institutions to shift to electronic standards of maintaining patient's data. Before moving to a cloud-based architecture, health organizations should perform a risk assessment. This will help to identify the security measures required to mitigate these risks. This approach provides a valid assessment of the security risk management procedure approved by field experts. It not only identifies threats to E-healthcare but also allows for a structured flow in risk management. The risk management process is documented and reported in an efficient and easy way for concerned stakeholders of the E-healthcare to understand. It will compare existing solutions on how to protect the confidentiality of patient information. Some of these methods include implementation of a Role-Based Access Control (RBAC) model, digital encryption and signature for cloud security and EHR service continuity management. Moreover, it will consider security matters that CSP’s should look into while storing patient’s record. Ultimately, it will come up with the most suitable solution to make E-Healthcare systems more secure. In this paper, the focus will be on identifying security encounters that E-health systems face by discussing means in which these systems are susceptible to attacks.

Sign in / Sign up

Export Citation Format

Share Document