IDENTIFICATION OF RISKS OF A FULL-CYCLE METALLURGICAL COMPANY IN THE TRANSITION TO THE PRINCIPLES OF SUSTAINABLE DEVELOPMENT ON THE EXAMPLE OF NLMK PJSC

2021 ◽  
Vol 5 (12) ◽  
pp. 16-24
Author(s):  
Vladimir K. Selyukov ◽  
◽  
Anna N. Kasatkina ◽  
Keyword(s):  
Sustainable Development ◽  
Risk Management ◽  
Risk Analysis ◽  
Financial Sector ◽  
Management Systems ◽  
Rating Agencies ◽  
Metallurgical Company

Based on the analysis of the identified vulnerabilities in the production activities of a full-cycle metallurgical company on the example of NLMK PJSC, as well as the methods of assigning ESG ratings to organizations in the non-financial sector of the economy by leading Russian and foreign rating agencies, the identification of risks arising from the transition of such organizations to the principles of sustainable development is carried out. The results obtained can serve as a basis for risk analysis of metallurgical companies and the development of recommendations for improving their risk management systems.

scholarly journals Regulation and Risk Assessment of Payment Systems

2019 ◽  
Vol 9 (3) ◽  
pp. 40-55
Author(s):  
A. V. Larionov ◽  
E. S. Salina
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Risk Analysis ◽  
Management System ◽  
Payment System ◽  
International Standards ◽  
Management Systems ◽  
Practical Implementation ◽  
Payment Systems ◽  
Risk Management System

The study reveals features of the risk management in the payment system, taking into account the requirements of the Bank of Russia. Particular emphasis is placed on the implementation of practical aspects of organizing risk management systems in conformity with Bank of Russia Regulation No. 607-P dated 03.10.2017 “On requirements for the procedure for ensuring the smooth functioning of the payment system, indicators of the smooth functioning of the payment system and methods of risk analysis in the payment system including risk profiles”. The research uses international standards and approaches to the practical construction of risk management systems. The research suggests methodological recommendations for the construction of a comprehensive risk management system in the payment system. The results of the study can be used in the practical implementation of the Bank of Russia’s approaches to ensuring the smooth functioning of payment systems.

scholarly journals Implementation of international standards in local government as a key to sustainable development

2019 ◽  
Vol 7 (5) ◽  
pp. 31-43
Author(s):  
О. В. Бортнік
Keyword(s):  
Quality Of Life ◽  
Sustainable Development ◽  
Risk Management ◽  
Quality Management ◽  
Local Government ◽  
International Standards ◽  
Management Systems ◽  
Quality Management Systems ◽  
City State

The article deals with the most relevant international standards created to promote the developmentand increase the efficiency of local government structures. The works of domestic and foreign authors isanalyzed, defining the role of the local government potential in ensuring sustainable development of theregions. The link between UN global goals and the standards adopted by the International Organizationfor Standardization for sustainable development is analysed. Were taken into consideration the standardsconnected with work of local government authorities: ISO 9001:2015 «Quality management systems –Requirements», ISO 18091:2019 «Quality management systems – Guidelines for the application of ISO9001 in local government», ISO 37120:2018 «Sustainable cities and communities – Indicators for cityservices and quality of life», ISO 31000 «Risk Management – Guidelines», IEC 31010 «Risk Management– Risk Assessment Techniques», ISO 22301:2012 «Societal security – Business continuity managementsystems – Requirements», ISO 20121:2012 «Event sustainability management systems – Requirementswith guidance for use». Presented opinion about relevance of the seven quality management principles to local government and degree of their implementation in local government in Ukraine. The key features ofthese standards and their role in improving the quality of life of the population and the efficiency of thework of local government bodies are considered. Examples of quality management systems implementationexperience in local government abroad (based on Italian research) and feedback on the results are provided.Provided examples and explanation of city indicators according to ISO 37120. And how standards canhelp prepare and respond properly in the most unpredictable situations, contribute to effective disaster riskmanagement through the provision of universal tools and mechanisms at the city, state and regional levels ofgovernment. The possibilities of applying international practice in Ukraine are considered and importanceof international standards’ implementation in local government as a key to sustainable development wereexamined.

scholarly journals What Factors Influence Companies’ Successful Implementations of Technology Risk Management Systems?

10.28945/3857 ◽  
2017 ◽  
Vol 1 ◽  
pp. 158-169
Author(s):  
James E Fulford
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Research Question ◽  
Management Systems ◽  
Security Risk ◽  
Professional Certification ◽  
Qualitative And Quantitative ◽  
Body Of Knowledge ◽  
Enterprise Risk ◽  
It Audit

During the initial literature review on this research question, areas of focus included the following: • Current qualitative and quantitative methodologies for technology risk analysis. • Business applications for expanding the use of qualitative and quantitative technology and security risk models. • Implementation of qualitative and quantitative technology and security risk analysis methodologies models by practitioners. Information Technology (IT) risk analysis has become be an integral part of the enterprise risk management systems in many organizations. However, many companies have struggled to effectively implement these systems. This has become a serious problem in many cases where governmental regulations, industry requirements, and even contractual language for doing business have increasingly included technology risk management obligations that companies must meet. Currently, technology risk management is not as mature a field as those like IT Audit or Information Security, which have had professional certification processes for over 23 years. Technology risk management, on the other hand, has had similar certifications for less than 10 years. As such, many of the current technology risk management practitioners have come from other fields, which has made it difficult to construct a common body of knowledge on which technology risk management systems can be built. In many cases, such factors, as well as others, are making it difficult to implement technology risk management systems. This research will seek to evaluate those factors in more detail to determine common ones that have the most impact on the success of technology risk management projects and make recommendations for overcoming the factors that limit the success of these projects.

scholarly journals USE OF THE RISK ANALYSIS APPROACH IN THE SERBIAN ARMY INTEGRATION PROCESS AGAINST COVID-19

2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Nikola Simić ◽  
◽  
Miladin Stefanović ◽  
Goran Petrović ◽  
Aleksandar Stanković ◽  
...  
Keyword(s):  
Risk Management ◽  
Virus Infection ◽  
Risk Analysis ◽  
Military Personnel ◽  
Occupational Safety ◽  
Management Systems ◽  
Integration Process ◽  
Employee Safety ◽  
The World ◽  
Safety Systems

Current developments have contributed to organisations paying increasing attention to protecting resources, employee safety, and applying quality products and services. There is a need for increasing the application of standards that define the way of managing quality, safety at work, risk, and many others. One such organisation is the Serbian Army, a complex centralised system that requires integrating these standards, and often stricter, in all fields of its activities. The current situation in the world, and therefore in Serbia, is sufficient motivation for the project provided by this paper. This project aims to show the integration of risk management systems and occupational safety systems, through the level of protection and exposure of members of the army to the virus infection COVID-19 during the implementation of emergency tasks, by defining risks and proposing additional measures to reduce the level of risk and increase the protection of military personnel.

scholarly journals RISK ANALYSIS IN THE PROCESS OF PREPARING AND CREATING A MUNICIPAL PLAN

2016 ◽  
Vol 4 ◽  
pp. 431-436
Author(s):  
Tomáš Pavlenko ◽  
Ján Dvorský
Keyword(s):  
Sustainable Development ◽  
Risk Management ◽  
Risk Analysis ◽  
Qualitative Assessment ◽  
Territorial Development ◽  
Municipal Planning ◽  
Local Residents ◽  
Negative Impacts

Risks arise during municipal planning activities, the negative impacts of which can influence the lives of local residents. The importance of municipal planning lies in the proposed material and the coordination and timing of activities influencing the environment, cultural-historical values of an area, territorial development, and creation of landscapes in line with principles of long-term sustainable development. By implementing risk management with an emphasis on objectively selecting and assessing risks in the preparation and creation of a municipal plan, an increase in the safety of the territory as a whole is expected. Municipal planning authorities project specific intentions for an area, while coordinating the public’s interest. The results of our qualitative assessment of selected risks identified those that were most significant when creating a municipal plan and which require foremost consideration.

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.

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