Risk Management Framework That Meets the Implementation Challenges in IT-Centric Micro and Small Companies

2013 ◽  
Vol 4 (2) ◽  
pp. 16-26 ◽  
Author(s):  
Jasmina Trajkovski ◽  
Ljupcho Antovski
Keyword(s):  
Risk Management ◽  
Management Approach ◽  
Small Companies ◽  
Management Framework ◽  
East Europe ◽  
Implementation Challenges ◽  
South East Europe ◽  
Risk Management Framework ◽  
Management Concepts ◽  
Comprehensive Framework

This paper presents an overview of the proposed risk management framework and how it is designed to meet the challenges usually faced by IT-centric micro and small companies when implementing risk management. The issues and challenges identified for the IT-centric micro and small companies are centered around the exposure to various risks and necessity to have a risk management approach which covers these various risks, as well as to limited resources for risk management and necessity for usable and comprehensive framework. The new framework is based on the analysis of the best practices in risk management concepts as well as direct experience from dealing with over 20 companies in South-east Europe. The segments covered by the framework include people, policy, methodology and process, and tools.

scholarly journals Developing a Risk Management Framework in Construction Project Based on Agile Management Approach

2019 ◽  
Vol 5 (3) ◽  
pp. 608
Author(s):  
Mohammed Neamah Ahmed ◽  
Sawsan Rasheed Mohammed
Keyword(s):  
Risk Management ◽  
Project Management ◽  
Construction Projects ◽  
Construction Project ◽  
Management Approach ◽  
Management Framework ◽  
Contact Points ◽  
Risk Management Framework ◽  
Management Concepts ◽  
Flexible Management

Construction projects in nature, carry a lot of risks, and unpredictable conditions. Thus, flexible management is required for the purpose of efficient responding to the various changes appear during their implementation. As an attempt to deal with risk in the construction project, this research aims at proposing a risk management framework in construction projects that built based on Agile management concept, which is a sequence of procedure deals with the project’ primary vision to its final delivery. The risk management framework will trace alignment and discover a contact between Agile and traditional project management concepts and find contact points among two of the more used Agile frameworks (Scrum) and one of the more confirmed project management framework (PMBOK®) processes. This will result in a recognition of comparable areas between Scrum and PMBOK® processes. The goal of the framework is to assist the project managers to adapt a more flexible approach to managing and implementing the construction project. The results proved that Agile management process from the create prioritized project backlog, sprint planning, sprint review, to sprint retrospective procedures and less time of the cycle, eliminate or mitigate many risks that lead to project challenges and failure.

scholarly journals Applying the water safety plan to water reuse: towards a conceptual risk management framework

2015 ◽  
Vol 1 (5) ◽  
pp. 709-722 ◽  
Author(s):  
D. Goodwin ◽  
M. Raffin ◽  
P. Jeffrey ◽  
H. M. Smith
Keyword(s):  
Risk Management ◽  
Water Reuse ◽  
Management Approach ◽  
Water Safety ◽  
Management Framework ◽  
Risk Management Framework ◽  
Safety Plan ◽  
Research Programmes ◽  
Water Safety Plan ◽  
Guidelines And Standards

The Water Safety Plan (WSP) is receiving increasing attention as a recommended risk management approach for water reuse through a range of research programmes, guidelines and standards.

scholarly journals Financial Risk Management in SMEs: A New Conceptual Framework

2020 ◽  
Vol 13 (10) ◽  
pp. 85
Author(s):  
René-Pascal van den Boom
Keyword(s):  
Risk Management ◽  
Financial Risk ◽  
Principal Component ◽  
Two Dimensions ◽  
Financial Risk Management ◽  
Management Framework ◽  
Risk Management Framework ◽  
Risk Manager ◽  
Risk Management Process ◽  
Comprehensive Framework

During the past decades, several risk management models have been developed and implemented. Merely, suitable for large firms. Nowadays, there is still a lack of a comprehensive framework for small and medium-sized enterprises (SMEs). This paper proposes a new conceptual Financial Risk Management framework for SMEs. The framework consists of two dimensions: Risk Management Process and Organizational Structure. Both dimensions contain several components, each component includes one or more items. To calculate scores on different levels Principal Component Analysis (PCA) is used to calculate weighting factors. We add a disparity factor to adjust the final score for an imbalance between dimensions. The educational level of the risk manager is tested positively as a determinant for FRM as well as for the two dimensions. The proposed framework may help individual SMEs evaluate and approve its financial risk management. 

Developing and implementing the risk management framework into business processes of Gazprom transgaz Tomsk Ltd., for implementation of the Eastern gas program of PJSC Gazprom

2020 ◽  
Vol 17 (1) ◽  
pp. 68-77
Author(s):  
V. E. Zaikovsky ◽  
A. V. Karev
Keyword(s):  
Risk Management ◽  
Human Resources ◽  
Management Information System ◽  
Business Processes ◽  
Project Success ◽  
Management Information ◽  
Timely Manner ◽  
Project Approach ◽  
Management Framework ◽  
Risk Management Framework

Project success depends on the ability to respond to risks and make correct decisions in a timely manner. The project approach provides a better framework for implementing a new management system into the company’s business processes. The risk management framework developed by the company comprises a risk management infrastructure, a set of standards, human resources, and a risk management information system. To improve staff compliance, it is necessary to provide training and to communicate the goals of the project effectively. It is also important to develop a motivation system because well trained and motivated staff are able to work more efficiently.

Systems-based accident analysis in the led outdoor activity domain: application and evaluation of a risk management framework

Ergonomics ◽  
2010 ◽  
Vol 53 (8) ◽  
pp. 927-939 ◽  
Author(s):  
P. Salmon ◽  
A. Williamson ◽  
M. Lenné ◽  
E. Mitsopoulos-Rubens ◽  
C.M. Rudin-Brown
Keyword(s):  
Risk Management ◽  
Accident Analysis ◽  
Outdoor Activity ◽  
Management Framework ◽  
Risk Management Framework ◽  
Activity Domain
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