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.     

Risk Management Strategies for Project Success

2018 ◽  
pp. 250-267
Author(s):  
Vittal S. Anantatmula ◽  
Yang Fan
Keyword(s):  
Risk Management ◽  
Project Success ◽  
Risk Mitigation ◽  
Management Strategies ◽  
Management Plan ◽  
Mitigation Strategies ◽  
Risk Management Plan ◽  
Industrial Sectors ◽  
Risk Management Strategies ◽  
Risk Mitigation Strategies

As projects are associated with risks due to the presence of uncertainties and unknowns, risk management assumes importance in project success. This chapter is an attempt to examine various risk mitigation strategies that are commonly employed if different industrial sectors. The chosen risk strategy would also largely depend either on individual's or organization's propensity to take risks. The authors summarize the findings of a research study in this chapter. The research results show that effort and details of a risk management for a project are governed by risks associated with cost and time and not necessarily with the project scope. Also, many organizations prefer a contingency budget to the project plan to developing a detailed risk management plan.

scholarly journals Reverse logistics risk management: identification, clustering and risk mitigation strategies

2020 ◽  
Vol 58 (7) ◽  
pp. 1449-1474 ◽  
Author(s):  
Hamidreza Panjehfouladgaran ◽  
Stanley Frederick W.T. Lim
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Supply Chain ◽  
Reverse Logistics ◽  
Risk Mitigation ◽  
Mitigation Strategies ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Content Type ◽  
Risk Mitigation Strategies

PurposeReverse logistics (RL), an inseparable aspect of supply chain management, returns used products to recovery processes with the aim of reducing waste generation. Enterprises, however, seem reluctant to apply RL due to various types of risks which are perceived as posing an economic threat to businesses. This paper draws on a synthesis of supply chain and risk management literature to identify and cluster RL risk factors and to recommend risk mitigation strategies for reducing the negative impact of risks on RL implementation.Design/methodology/approachThe authors identify and cluster risk factors in RL by using risk management theory. Experts in RL and supply chain risk management validated the risk factors via a questionnaire. An unsupervised data mining method, self-organising map, is utilised to cluster RL risk factors into homogeneous categories.FindingsA total of 41 risk factors in the context of RL were identified and clustered into three different groups: strategic, tactical and operational. Risk mitigation strategies are recommended to mitigate the RL risk factors by drawing on supply chain risk management approaches.Originality/valueThis paper studies risks in RL and recommends risk management strategies to control and mitigate risk factors to implement RL successfully.

Identification of critical risks in international engineering procurement construction projects of Chinese contractors from the network perspective

2020 ◽  
Vol 47 (12) ◽  
pp. 1359-1371
Author(s):  
Tsenguun Ganbat ◽  
Heap-yih Chong ◽  
Pin-Chao Liao ◽  
Jeremy Leroy
Keyword(s):  
Risk Management ◽  
Construction Projects ◽  
Risk Mitigation ◽  
Mitigation Strategies ◽  
Risk Transfer ◽  
International Construction ◽  
Managerial Strategies ◽  
Risk Mitigation Strategies ◽  
Network Metrics ◽  
Theoretical Risk

International engineering procurement construction (IEPC) is a complex subject interconnected with risk transfer. In-depth understanding of risks in IEPC projects is essential for effective risk management and managerial strategies. Most related studies focus on the critical risks based on the perceptions of stakeholders or their direct “contribution” to the project loss. This study aims to investigate risk interconnection in IEPC projects through social network analysis, with a focus on the critical risks, risk interactions, and risk mitigation strategies. Three approaches were employed. First, the risk register and interconnection between IEPC projects were identified through a literature review. Second, the risk register and interrelationships were investigated using a questionnaire to formulate theoretical risk-interdependent networks. Third, practical IEPC projects were analyzed using network metrics to identify mitigation strategies for the associated critical risks. From the obtained results, we concluded that controlling security and contract risks in project management can reduce the occurrence or impact of other risks. Moreover, environmental issues related to contractors are also critical in international construction projects. Investigating relationships between risks has uncovered different risk-propagation mechanics within IEPC projects, thus extending the theoretical knowledge for international construction and risk management.

Supply Chain Risk Management

2011 ◽  
pp. 176-204 ◽  
Author(s):  
Ehsan Nikbakhsh
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Risk Mitigation ◽  
Mitigation Strategies ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Negative Effects ◽  
Chain Management ◽  
Risk Mitigation Strategies

During the past two decades, environments surrounding supply chains (SC) have faced many changes, which require SC managers to deal proactively with unknown situations and new risks. Therefore, one of the most important issues in supply chain management is managing uncertainties of a SC and mitigating negative effects of SC risks. In this chapter, an overview of supply chain risk management (SCRM) is given. First, fundamental concepts in SCRM are introduced. Next, sources of SC risks, SCRM and its process, and some robust SC risk mitigation strategies are introduced. Finally, an introduction to several mathematical models for SCRM is given.

Risk management and disaster recovery planning for online libraries

2016 ◽  
Vol 13 (6) ◽  
pp. 552
Author(s):  
Ray Uzwyshyn, PhD, MLIS, MBA
Keyword(s):  
Risk Management ◽  
Information Systems ◽  
Disaster Recovery ◽  
Risk Mitigation ◽  
Mitigation Strategies ◽  
Universities And Colleges ◽  
Recovery Planning ◽  
Online Resource ◽  
Disaster Recovery Planning ◽  
Risk Mitigation Strategies

This article presents an overview of risk management and disaster recovery planning for online libraries. It is suitable for a broad audience interested in online libraries and research centers in universities and colleges. It outlines risk mitigation strategies, and disaster recover planning for online resource-centered information systems.

scholarly journals Managing Risks through Mitigation Strategies: Evidence from Cameroonian Small and Medium Enterprises

2016 ◽  
Vol 12 (1) ◽  
pp. 219
Author(s):  
Mbiki Mamai ◽  
Song Yinghua
Keyword(s):  
Higher Education ◽  
Risk Management ◽  
Small And Medium Enterprises ◽  
Risk Mitigation ◽  
Mitigation Strategies ◽  
Limited Attention ◽  
Perception Of Risk ◽  
Risk Mitigation Strategies ◽  
Medium Enterprises ◽  
Selection Of

While SMEs are widespread and largely influence the economy of nations, its risk management is little known and has received limited attention. With regards to the importance of the managers in these types of companies; the purpose of this paper will be to investigate the relationships that may exist between the profile of the managers of the SMEs and the choice of risk mitigation strategies. By so doing, it turns out that the perception of risk, the managers and their levels of higher education influence the adoption of risk mitigation strategies in SMEs. In addition, the strategies used to manage risk are diversification, cooperation, selection of suppliers and insurance.

Crime, Cops, and Context

2016 ◽  
Vol 44 (3) ◽  
pp. 452-471 ◽  
Author(s):  
Andres F. Rengifo ◽  
Morgan Pater ◽  
Brenda J. Velazquez
Keyword(s):  
New York ◽  
Risk Mitigation ◽  
Mitigation Strategies ◽  
Victimization Risk ◽  
Police Encounters ◽  
Risk Mitigation Strategies ◽  
Race Ethnicity ◽  
High Crime ◽  
Depth Interviews

This study documents perceptions of victimization risk and other neighborhood dangers drawing on 43 in-depth interviews with youth residing in high-crime neighborhoods of New York City. More specifically, it relates lived experiences of crime and police encounters to perceptions of local threats and identifies the role of gender, race/ethnicity, and neighborhood in the configuration of these assessments. We also highlight the role of various analytical frames employed by youth as sensemaking devices to map risks and chart risk-mitigation strategies. Our findings indicate that many interview participants see the police more as a distinct environmental risk rather than a resource for risk mitigation or coping, with specific domains of risk and risk responses varying in terms of demographics, networks, and frames of interpretation.

Development of a decision support system for assessing the supply chain risk mitigation strategies: an application in Indian petroleum supply chain

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Pradeep Kumar Tarei ◽  
Jitesh J. Thakkar ◽  
Barnali Nag
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Decision Support ◽  
Support System ◽  
Risk Sharing ◽  
Risk Mitigation ◽  
Mitigation Strategies ◽  
Supply Chain Risk ◽  
Content Type ◽  
Risk Mitigation Strategies

PurposeThe purpose of this paper is to develop a decision support system (DSS) to assist supply chain (SC) risk managers to select a suitable risk management (RM) strategy and expedite the implementation of corresponding RM enablers. The relationship between RM strategies and RM enablers is explored by identifying the underlying factors between them, which is further used to build the DSS.Design/methodology/approachThe DSS is built by integrating heterogeneous techniques. A systematic review approach is employed to explore both proactive and reactive RM enablers, and they are further mapped to various RM strategies by using correspondence analysis (CA). An in-depth interview is conducted to develop the rules for constructing the decision system. A rule-based fuzzy inference system (FIS) is utilized to counteract the uncertainty involved in the decision variables. The efficacy of the proposed DSS is demonstrated by considering two conjectural scenarios in the case of Indian petroleum SC (IPSC).FindingsThe results reveal three primary underlying factors between the risk mitigation strategies viz. SC managers' preparedness to face risk, organization's resource capability to deal with risk and the sophistication of the implementation of the RM enablers; with explained variances of 37%, 29% and 22%, respectively. Risk avoidance strategy comprises of RM enablers such as supplier evaluation, technology adaption, information security, etc. Whereas, the risk-sharing strategy includes revenue sharing, insurance, collaboration, public-private-partnership, etc. as essential RM enablers. The DSS recommends risk-mitigation and risk-sharing as effective RM strategies for the IPSC under the considered scenarios.Research limitations/implicationsThis paper develops a decision support framework for recommending an effective risk mitigation strategy and outranking the corresponding enablers. The study explicitly focuses on the risk mitigation step of the supply chain risk management (SCRM) process. Pre- and post-risk mitigation steps of the SCRM process, such as risk assessment and risk monitoring are beyond the scope of this research.Originality/valueThe operational procedure of the proposed DSS is explained by considering a real-life case of petroleum SC in the Indian scenario. The unique contributions of this study are presented as theoretical implications and managerial propositions in the context of a developing country.

scholarly journals A Framework for Risk Management in Globally Distributed Agile Software Development (Agile GSD)

2009 ◽  
pp. 32-41
Author(s):  
Suprika Vasudeva Shrivastava ◽  
Hema Date
Keyword(s):  
Risk Management ◽  
Software Development ◽  
Risk Mitigation ◽  
Project Managers ◽  
Mitigation Strategies ◽  
Agile Development ◽  
Time Zone ◽  
Risk Mitigation Strategies ◽  
Agile Software ◽  
Globally Distributed

Global Software development (GSD) is gaining popularity as it helps in saving cost and reduces time to market. GSD faces various challenges like communication problems, time-zone differences and cultural differences. Agile principles are used as a means to increase production rate by making processes more responsive to change. Since success of using agile methodologies is dependent on communication and collaboration, combining agile with distributed development (Agile GSD) becomes a risky process. In the current literature, few research papers mention about the risk involved in globally distributed agile development process. This paper contributes by identifying some of the most relevant risk and suggesting risk mitigation strategies in the form of a framework for risk management for globally distributed agile development. The framework is created based on the literature available and the interviews of project managers and developers conducted in three software development organizations in Pune (India). Each component of the framework is discussed in the paper in detail. The research will be relevant for the project managers who are handling distribute agile projects.

scholarly journals Aggravate or Mitigate? How Cost Analysis Associated into Risk Management Process

2020 ◽  
Vol 19 (1) ◽  
pp. 47-54
Author(s):  
Winda Nur Cahyo ◽  
Eky Fasich Trialopa ◽  
Hari Purnomo
Keyword(s):  
Risk Management ◽  
Cost Analysis ◽  
Potential Risk ◽  
Risk Mitigation ◽  
Mitigation Strategy ◽  
Mitigation Strategies ◽  
Management Process ◽  
Risk Map ◽  
Risk Management Process ◽  
The Cost

In most researches in the area of risk management, the result stops at proposing the mitigation strategies. The number of researches on associating cost analysis into the risk management process is very limited. This paper proposes a practical process on how cost analysis can be associated into the risk management process especially in the area of manufacturing. The process of the risk management is conducted as usual, started by selecting the potential risk and finding the major causes. Then, a risk map and its rubric of risk likelihood and severity are developed, and the major causes are plotted into it to select the priority of the major causes and the proposed mitigation strategy is developed. Then, the poposed strategy is compared with the current strategy based on the cost generated using the developed equation. The result shows the proposed mitigation strategy is selected because it saves approximately IDR 2 million per order. It indicates that cost analysis can be successfully associated into the risk mitigation process and generates a comprehensive recommendation to the decision maker.

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