Study of Urban Complex Project’s Risk Identification

2012 ◽  
Vol 209-211 ◽  
pp. 1350-1354
Author(s):  
Zhi Bin Li ◽  
An Shun Cheng ◽  
Hong Juan Deng
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Risk Management ◽  
Risk Evaluation ◽  
Risk Identification ◽  
Urban Life ◽  
Management Theory ◽  
Urban Complex ◽  
The Way

Versatile and high effciency, the urban complex is an intergrated building combining with more than three functions of urban life such as hotel, housing, working, park, commerce, meeting center. As for risk identification, it is the foundation of risk management, and the reference of risk assessment, prevention, monitoring and management. This paper used risk management theory to identify the risk factors of the urban complex, and then established a system of risk factors, hoping to pave the way for the risk evaluation of the urban complex’s development.

scholarly journals Risk management framework of environmental hazards and extremes in Mediterranean ecosystems

2021 ◽  
Vol 21 (6) ◽  
pp. 1935-1954
Author(s):  
Panagiotis T. Nastos ◽  
Nicolas R. Dalezios ◽  
Ioannis N. Faraslis ◽  
Kostas Mitrakopoulos ◽  
Anna Blanta ◽  
...  
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Risk Evaluation ◽  
Risk Estimation ◽  
Mediterranean Ecosystems ◽  
Risk Identification ◽  
Environmental Hazards ◽  
Convective Precipitation ◽  
Management Framework ◽  
Risk Management Framework

Abstract. Risk assessment constitutes the first part within the risk management framework and involves evaluating the importance of a risk, either quantitatively or qualitatively. Risk assessment consists of three steps, namely risk identification, risk estimation and risk evaluation. Nevertheless, the risk management framework also includes a fourth step, i.e., the need for feedback on all the risk assessment undertakings. However, there is a lack of such feedback, which constitutes a serious deficiency in the reduction of environmental hazards at the present time. Risk identification of local or regional hazards involves hazard quantification, event monitoring including early warning systems and statistical inference. Risk identification also involves the development of a database where historical hazard information and hazard effects are included. Similarly, risk estimation involves magnitude–frequency relationships and hazard economic costs. Furthermore, risk evaluation consists of the social consequences of the derived risk and involves cost-benefit analysis and community policy. The objective of this review paper is twofold. On the one hand, it is to address meteorological hazards and extremes within the risk management framework. Analysis results and case studies over Mediterranean ecosystems with emphasis on the wider area of Greece, in the eastern Mediterranean, are presented for each of the three steps of risk assessment for several environmental hazards. The results indicate that the risk management framework constitutes an integrated approach for environmental planning and decision-making. On the other hand, it sheds light on advances and current trends in the considered meteorological and environmental hazards and extreme events, such as tornadoes, waterspouts, hailstorms, heat waves, droughts, floods, heavy convective precipitation, landslides and wildfires, using recorded datasets, model simulations and innovative methodologies.

scholarly journals Risk management framework of environmental hazards and extremes in Mediterranean ecosystems

2020 ◽  
Author(s):  
Panagiotis T. Nastos ◽  
Nicolas R. Dalezios ◽  
Ioannis N. Faraslis ◽  
Kostas Mitrakopoulos ◽  
Anna Blanta ◽  
...  
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Risk Evaluation ◽  
Risk Estimation ◽  
Mediterranean Ecosystems ◽  
Risk Identification ◽  
Environmental Hazards ◽  
Convective Precipitation ◽  
Management Framework ◽  
Risk Management Framework

Abstract. Risk assessment constitutes the first part within the risk management framework and involves evaluating the importance of a risk, either quantitatively, or qualitatively. Risk assessment consists of three steps, namely risk identification, risk estimation and risk evaluation. Nevertheless, the risk management framework also includes a fourth step, i.e. the need for a feedback of all the risk assessment undertakings. However, there is a lack of such feedback, which constitutes a serious deficiency in the reduction of environmental hazards at the present time. Risk identification of local or regional hazards involves hazard quantification, event monitoring including early warning systems and statistical inference. Risk identification also involves the development of a database, where historical hazard information and their effects is included. Similarly, risk estimation involves magnitude/frequency relationships and hazard economic costs. Furthermore, risk evaluation consists of the social consequences of the derived risk and involves cost-benefit analysis and community policy. The objective of this review paper is twofold: On one hand, to address meteorological hazards and extremes within the risk management framework. Analyses results and case studies over Mediterranean ecosystems with emphasis on the wider area of Greece, in the eastern Mediterranean, are presented for each of the three steps of risk assessment for several environmental hazards. The results indicate that the risk management framework constitutes an integrated approach for environmental planning and decision making. On the other hand, it shed light to advances and current trends in the considered meteorological and environmental hazards and extreme events, such as tornadoes, waterspouts, hailstorms, heat waves, droughts, floods, heavy convective precipitation, landslides and wildfires, using recorded datasets, model simulations and innovative methodologies.

The Effects of Decision Aid Orientation on Risk Factor Identification and Audit Test Planning

2002 ◽  
Vol 21 (2) ◽  
pp. 39-56 ◽  
Author(s):  
Jean C. Bedard ◽  
Lynford E. Graham
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Decision Aid ◽  
Decision Aids ◽  
Management Strategies ◽  
Risk Identification ◽  
Matched Pair ◽  
Audit Planning ◽  
Audit Firms ◽  
Risk Management Strategies

In auditing, risk management involves identifying client facts or issues that may affect engagement risk, and planning evidence-gathering strategies accordingly. The purpose of this paper is to examine whether auditors' identification of risk factors and planning of audit tests is affected by decision aid orientation, i.e., a “negative” focus wherein client risk and its consequences are emphasized, or a “positive” focus where such factors are not emphasized. Specifically, we expect that auditors will identify more risk factors using a negatively oriented risk identification decision aid, but only when engagement risk is relatively high. We address this issue in the context of auditors' knowledge of actual clients, manipulating decision aid orientation as negative or positive in a matched-pair design. Results show that auditors using the negative decision aid orientation identify more risk factors than do those using a positive orientation, for their higher-risk clients. We also find that decisions to apply substantive tests are more directly linked to specific risk factors identified than to direct risk assessments. Further, our results show that auditors with repeat engagement experience with the client identify more risk factors. The findings of this study imply that audit firms may improve their risk management strategies through simple changes in the design of decision aids used to support audit planning.

scholarly journals Risk management system in the enterprises of agrarian sphere

2019 ◽  
Vol 16 (5) ◽  
pp. 10-21
Author(s):  
V. G. Zakrzewski ◽  
O. G. Charykova ◽  
Yu. Yu. Golubyatnikova
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Economic Activity ◽  
Management System ◽  
Risk Identification ◽  
Assessment Development ◽  
Agrarian Sector ◽  
Risk Management System ◽  
Management Measures ◽  
Definition Of

The article deals with risk management systems at enterprises of the agrarian sector, which represents an organization of economic activity, the purpose of which is to minimize losses and find sources of income. The research organization of the risk management system in the enterprises of agrarian sphere great attention should be paid to the integration of their specific activities. The process of risk management in enterprises consists of the following phases: definition of objectives and parameters for solving the problem of risk; identification of external and internal risk factors; identification of risk factors, risk identification; risk analysis; risk assessment; development and implementation of risk management measures; synthesis of the results of measures taken and preparing proposals. In addition, the risk management system is submitted to us through the introduction of a passport of risk, to enable the formulation and adjustment of economic activity at any stage of its implementation. Under the risk passport of the economic risk refers to a collection of information about risk, risk criteria, as well as guidance on the application of the necessary methods to manage or mitigate the risks. As well as the information in the article was considered in the context of a risk management system. 

scholarly journals The place of artificial intelligence in the risk management process

2021 ◽  
Vol 120 ◽  
pp. 02013
Author(s):  
Petya Biolcheva
Keyword(s):  
Artificial Intelligence ◽  
Risk Assessment ◽  
Risk Management ◽  
Real Time ◽  
Risk Identification ◽  
Management Process ◽  
Whole Process ◽  
Risk Management Process ◽  
Problematic Issue ◽  
The Individual

In recent years, there has been increasing talk of the rapid entry of artificial intelligence into risk management. All the benefits it would bring over the whole process are often commented on: real-time results, processing large amounts of data, more complete risk identification, more accurate risk assessment, etc. There are also negative moods that make various experts feel threatened by their need to be replaced by artificial intelligence. Another problematic issue that arises is related to the transparency of algorithms and the increase in cyber risks [6]. This material aims to identify the individual elements at the stages of risk management in which artificial intelligence (AI) can and should be applied alone, in combination with expert opinion or not. Here it is shown that because of the use of AI the efficiency of the whole process is significantly increased, first of all by conducting in-depth analyses, and the decisions are made by the risk management experts. This proves its usefulness and increases the confidence of experts in it.

The Empirical Identification and Analysis of Key Risk Factors of Inventory Financing

2012 ◽  
Vol 468-471 ◽  
pp. 2859-2862
Author(s):  
Juan He ◽  
Miao Miao Liu ◽  
Qun Zhi Wang
Keyword(s):  
Risk Factors ◽  
Risk Evaluation ◽  
Risk Identification ◽  
Research Data ◽  
Evaluation Index System ◽  
Evaluation Index ◽  
Research Framework ◽  
New Research ◽  
Inventory Financing ◽  
Original Index

Considering that there lacks study on the empirical identification and analysis of key risk factors of inventory financing, this paper uses SPSS to analyze the reliability and the validity of research data, revising the original index variables and sorting out the main risk factors, and finally establishing an ideal risk evaluation index system. The results of this paper provided a new research framework for risk identification of inventory financing.

Analysis on Domestic Factoring Risk Identification Based on Bussiness Processing Technology

2013 ◽  
Vol 739 ◽  
pp. 673-677
Author(s):  
Guo Ping Cheng ◽  
Di Tang ◽  
Bei Bei Liu
Keyword(s):  
Risk Management ◽  
Control System ◽  
Business Process ◽  
Risk Evaluation ◽  
Risk Identification ◽  
Identification Methods ◽  
Basic Model ◽  
Risk Management System ◽  
New Ideas ◽  
And Control

Based on the study of basic risk identification method, this paper analyzes domestic factoring risk identification methods and puts forward the basic model based on business process of domestic factoring risk identification, then provides the new ideas for risk identification, the paper lays the foundation to domestic factoring risk evaluation and control system, so it is good to construct a complete, standard domestic factoring risk management system.

Impact of Risk Assessment Models on Risk Factors

2018 ◽  
pp. 134-153
Author(s):  
K. Madhu Kishore Raghunath ◽  
S. L. Tulasi Devi ◽  
Chandra Sekhar Patro
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Risk Management ◽  
Empirical Evidence ◽  
The Other ◽  
Risk Models ◽  
Public And Private ◽  
Risk Assessment Models ◽  
General Business ◽  
The Given

World is vicinity full of opportunities given the amount of economic and non-economic transactions taking place every moment. With ubiquitous opportunities all around, businesses can assume inherent risk everywhere in one or the other way. In this chapter, the authors have deliberated the general business scenario to prove the given inferences. The readers will come across why the risk management is gaining so much gravity and across risk strategy of top business players. The chapter will bring into light the various risk factors in business and study the various risk assessment models present to fortify the negativity of these risk factors. Simultaneously, the authors will draw empirical evidence on the effectiveness, qualitative and quantitative risk models have on risk factors in public and private business organisations.

scholarly journals Knowledge is power – conceptualizing collaborative financial risk assessment

2019 ◽  
Vol 20 (3) ◽  
pp. 226-248 ◽  
Author(s):  
Thomas Michael Brunner-Kirchmair ◽  
Melanie Wiener
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Financial Risk ◽  
Risk Identification ◽  
Modern World ◽  
Risk Governance ◽  
Financial Risks ◽  
Financial Risk Management ◽  
Content Type ◽  
New Findings

Purpose Inspired by new findings on and perceptions of risk governance, such as the necessity of taking a broader perspective in coping with risks in companies and working together in interactive groups with various stakeholders to deal with complex risks in the modern world, the purpose of this paper is looking for new ways to deal with financial risks. Current methods dealing with those risks are confronted with the problems of being primarily based on past data and experience, neglecting the need for objectivity, focusing on the short-term future and disregarding the interconnectedness of different financial risk categories. Design/methodology/approach A literature review of risk governance, financial risk management and open foresight was executed to conceptualize solutions to the mentioned-above problems. Findings Collaborative financial risk assessment (CFRA) is a promising approach in financial risk governance with respect to overcoming said problems. It is a method of risk identification and assessment, which combines aspects of “open foresight” and the financial risk management and governance literature. CFRA is characterized as bringing together members of different companies in trying to detect weak signals and trends to gain knowledge about the future, which helps companies to reduce financial risks and increase the chance of gaining economic value. By overcoming organizational boundaries, individual companies may gain the knowledge they would probably not have without CFRA and achieve a competitive advantage. Research limitations/implications A conceptual paper like the one at hand wants empirical proof. Therefore, the authors developed a research agenda in the form of five propositions for further research. Originality/value This paper discusses the existing problems of financial risk identification and assessment methods. It contributes to the existing literature by proposing CFRA as a solution to those problems and adding a new perspective to financial risk governance.

scholarly journals Effect of Employees’ Understanding on Risk Management Process on Risk Management: A Case Study in a Non-profit Organisation

2019 ◽  
Vol 10 (3) ◽  
pp. 144
Author(s):  
Erlane K Ghani ◽  
Nor Hamimah Nor Hassin ◽  
Kamaruzzaman Muhammad
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Risk Control ◽  
Risk Identification ◽  
Management Process ◽  
Poor Knowledge ◽  
Non Profit ◽  
Monitoring Process ◽  
Risk Management Process ◽  
Risk Assessment And Analysis

Purpose: This study examines the effect of employees’ understanding of risk management process on knowledge on risk management in a non-profit organisation. Specifically, this study examines the effect of employees’ understanding of risk identification, risk assessment and analysis and, risk control and monitoring on their knowledge on risk management.Design/Methodology/Approach: This study used questionnaire survey on 80 employees of various levels in a non-profit organisation.Findings: This study shows that the most of the employees felt that they have a poor knowledge on risk management. The poor knowledge on risk management is attributed by the all three determinants in this study namely, understanding risk identification, risk assessment and analysis and, risk control and monitoring process on knowledge on risk management.Practical Implications: The findings provide indication that non-profit organisations need to provide awareness programs to their employees in increasing their knowledge on risk management. The findings of this study is essential to the managements to ensure that their employees are well informed and understand risk management and subsequently, take necessary control to reduce risks.Originality/Value: This study provides further understanding on the importance of understanding risk management process on performance.

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