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.

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 PENGEMBANGAN KERANGKA MANAJEMEN RISIKO PADA PERBANKAN SYARIAH

2019 ◽  
Vol 4 (1) ◽  
pp. 46-67
Author(s):  
Diah Novianti
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Risk Identification ◽  
The Other ◽  
Management Model ◽  
Islamic Banking ◽  
Business Activity ◽  
Business Risk ◽  
Management Framework ◽  
Risk Management Framework

Islamic banking such as the other business institution will face different kind of risk that inherent on its main business activity. In business, risk defined as a posibillity an can appear every time, before, when, and after the decision making. Islamic banking faced different risk with the conventional banking, because its uniquenes. Thus, the development of risk management framework in Islamic banking is very important to do, especially in frame of  risk identification, measuring, mitigation and monitoring. This paper will discuss about risk management in Islamic Banking, in theoretically and the implementation of risk management. The scope of this study will include the identification of risk in Islamic Banking, stage of risk management in Islamic Banking, risk management model, and also the devolpment of risk management framework in Islamic Banking.

Research on Integrated Risk Management Framework of Manufacturing Engineering Project

2011 ◽  
Vol 323 ◽  
pp. 217-221 ◽  
Author(s):  
Yun Li Gao ◽  
Qing Chun Wang
Keyword(s):  
Information System ◽  
Risk Management ◽  
Life Cycle ◽  
Risk Identification ◽  
Engineering Project ◽  
Management Framework ◽  
Risk Management Framework ◽  
Integrated Risk ◽  
Integrated Risk Management ◽  
Total Life

As the scale of investment on projects increases, manufacturing project integrated risk management becomes more important. The content and relationship of the integrated risk manufacturing management framework are discussed in the paper. The framework is composed of five parts which are the integration of risk management targets, total life cycle, processes and methods, organization and information system. In the different phase of total life cycle, depending on the risk management information system, project risk management organization who is in the form of virtue team promotes the risk management loop which is composed of the risk identification, risk evaluation, risk handling and risk monitoring (IEHM), to achieve the project targets. The integrated risk management framework is presented by the systematic method. The framework provides the basis for further development of integrated risk management.

A Comprehensive Project Risk Management Framework for Today’s Dynamic Environment

2009 ◽  
Author(s):  
Ghaleb Y. Abbasi
Keyword(s):  
Risk Management ◽  
Dynamic Environment ◽  
Risk Identification ◽  
Contingency Planning ◽  
Management Framework ◽  
Risk Management Framework ◽  
Project Risks ◽  
Potential Risks ◽  
And Control ◽  
Causes Of Failure

A comprehensive risk management framework (RMF) was developed and introduced to help management deal with the project risks in today’s changing world using a well-defined process. Several projects were analyzed to determine their causes of failure and identify risk elements. The RMF consisted of six phases; project identification, risk identification, risk assessment, response development, contingency planning, and implementation and control. Each process must be tailored to the particular circumstances of the project and of the organization undertaking it. The RMF treated risks in a structured process starting by identifying the project and the potential risks, assessing these risks and responding to each risk. Using such an approach management can identify potential risks that may affect the project and respond proactively. The developed framework is comprehensive and applicable for any project type.

scholarly journals Key risks in construction projects in Italy: contractors’ perspective

2017 ◽  
Vol 24 (3) ◽  
pp. 451-462 ◽  
Author(s):  
Ali Rostami ◽  
Chike F. Oduoza
Keyword(s):  
Risk Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Cultural Influences ◽  
Risk Identification ◽  
Structured Interviews ◽  
Content Type ◽  
Management Framework ◽  
Identification Process ◽  
Risk Management Framework

Purpose Risks play an important role in the success of construction projects. Failure in identification and assessment of risks can lead to inadequacy in the process of managing risks, which in turn can critically affect the projects’ resources. A formal risk management is rarely practised in construction projects due to the lack of contractors’ awareness of key risks. The purpose of this paper is to focus on the investigation of risk factors in construction projects in Italy from contractors’ perspective. Design/methodology/approach Semi-structured interviews were conducted to collect data, based on which a total of ten key risks were ascertained. The identified risks were compared with the findings of the surveys conducted in the Australian and Chinese construction industry to address the unique risks associated with construction projects in Italy. Findings The key risks included delays in payments, client variations, design variations, inaccurate cost estimates, and tight project schedules. The comparison between those three countries specified the delays in payments and project funding problems as the most critical factors that are related to cultural influences and behaviour of clients. The findings assist contractors in the risk identification process, and can be applied to the development of a risk management framework for construction projects. Research limitations/implications The findings of this study cannot be generalised statistically for the whole of Italy as it was constrained geographically, with respondents drawn only from a self-selection sample of construction projects in the Veneto region of Northern Italy. The findings represent a snapshot of the key potential internal and external risks from the perspective of contractors. Originality/value The results of the study specified the key risks of construction projects from the perspective of contractors which can contribute to risk management for construction projects.

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.

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