scholarly journals Leadership Initiatives for Health and Safety Risk Management Systems in a Small Construction Company: A Case Study

2018 ◽  
Author(s):  
Subashini Suresh ◽  
Chike Oduoza ◽  
Suresh Renukappa
Keyword(s):  
Risk Management ◽  
Health And Safety ◽  
Management Systems ◽  
Safety Risk ◽  
Construction Company ◽  
Leadership Initiatives

scholarly journals A Formalised Approach to the Management of Risk

2011 ◽  
Vol 2 (3) ◽  
pp. 63-80
Author(s):  
Mike Brownsword ◽  
Rossi Setchi
Keyword(s):  
Risk Management ◽  
Best Practice ◽  
Health And Safety ◽  
Active Management ◽  
Safety Issues ◽  
Economic Climate ◽  
Risk Management Process ◽  
Definition Of ◽  
Current Engineering

Observations made while working with industry and government organisations have shown a number of issues with the implementation of current risk management best practice. A major issue in many cases is the lack of pragmatism associated with the risk management process and the need for a more formalised approach to risk management. In this paper, the authors propose and validate a multi-view approach to defining the processes required to carry out risk management. The formalised approach proposed includes a definition of risk, an ontology, a set of processes, and a pragmatic methodology, which shows an application of these processes enabling pro-active management of change. The ability of the processes to be applied to different types of risk has been demonstrated through a case study highlighting health and safety issues. Within the current engineering and economic climate this logical approach provides a visualisation which is consistent, repeatable, view based, and pragmatic.

scholarly journals A Case Study on the Particularities and Sustainability of the Concepts of TQM, Quality Control, and Risk Management in the Corporate Insurance Industry: Loss and the Incidence of Catastrophic Risks

Proceedings ◽  
2020 ◽  
Vol 63 (1) ◽  
pp. 3
Author(s):  
Narcis Sebastian Păvălașcu ◽  
Manuela Rozalia Gabor
Keyword(s):  
Risk Management ◽  
Quality Control ◽  
New Technologies ◽  
Insurance Industry ◽  
Press Release ◽  
Management Systems ◽  
Catastrophic Risks ◽  
Trade Wars ◽  
Corporate Insurance

The development of quality control and risk management systems is a priority for any industry and especially for the corporate insurance industry. Defective product and work incidents represent 14% of the total number of insurance claims, serving as the main loss of liability for businesses. According to a Allianz Global Corporate and Specialty press release, the cyber risks and impact of new technologies will have an increasing influence on the landscape of corporate losses in the coming years. Our results from this study conclude that the emerging business risks for the next 3–4 years are as follows: cyber incidents, 48%; new technologies, 30%; and changes in legislations/regulations, 28% (i.e., the present pandemic cause by COVID-19, the Brexit, trade wars, and tariffs etc.).

scholarly journals Centralization of Risk Management in Business Companies: A Case Study on the Role of Specialist Departments

2015 ◽  
Vol 2 (1) ◽  
pp. 31
Author(s):  
Michael Schwandt
Keyword(s):  
Risk Management ◽  
Construction Projects ◽  
Construction Company ◽  
International Construction ◽  
Advantages And Disadvantages ◽  
Active Player ◽  
Project Controlling ◽  
The One ◽  
Centralization And Decentralization

As part of his Ph.D. studies, the author researches risk management in project business and focuses on the construction industry. This paper deals with the intra-company organization of risk management. In particular, it examines advantages and disadvantages of centralization and decentralization of risk management. First, the paper deals with various aspects of risk management on theoretical level, ways of organizing risk management structures and relating decision criteria as well as the relevant tasks of specialist departments. Methodology of further research is based on a case study that explores details of centralization and decentralization in business practice. In the center of the case study is the company Bilfinger Berger Civil, a large, international construction company, which is an active player in the project business and has already carried out a variety of construction projects successfully. On the one hand, the company units and persons involved in Bilfinger’s risk management are introduced; on the other hand the tasks of the Group’s centralized departments are illuminated in detail. This includes the Corporate Legal, Internal Auditing, Corporate Treasury, Group Controlling and Project Controlling departments. The risk management of Bilfinger Berger Civil is finally assessed in form of a summary. As a main result the reader gains information about theories on structuring risk management within business companies and numerous impressions on the practical application in a real construction company.

scholarly journals Development and Validation of Plain English Interpretations of the Seven Elements of the Risk Management Process

Safety ◽  
2019 ◽  
Vol 5 (4) ◽  
pp. 75
Author(s):  
Garry Marling ◽  
Tim Horberry ◽  
Jill Harris
Keyword(s):  
Risk Management ◽  
Fundamental Problem ◽  
Health And Safety ◽  
Management Systems ◽  
Management Process ◽  
Codes Of Practice ◽  
Management Standards ◽  
Risk Management Process ◽  
Work Health ◽  
Development And Validation

A fundamental problem with risk management standards and other associated guiding documents is that the definitions and descriptors of the seven elements of the risk management process within these documents are commonly at odds with each other and are difficult to understand. An implication is that personnel within and across organisations interpret the process in different ways. This has led to some companies developing their own interpretations of the elements in their risk/work health and safety (WHS) management systems and thereby exacerbating the problem. A standard set of definitions, terminology and language are vital for addressing WHS issues efficiently and effectively to result in better outcomes. This study aimed to develop a set of plain English interpretations (PEI) for each of the seven elements of the risk management process. These seven elements sit between the scant and technical definitions contained in standards (primary and secondary) and the voluminous guidance in the handbooks and codes of practice. The Delphi-technique was used with 20 risk-experts to evaluate, over two iterations a set of draft PEIs—developed by the researchers. These were finally reviewed for readability and understandability by 24 operators/workers. The implications for these new PEIs is that they could be considered for future standards and guidance documents by the ISO Working Group Risk Management Standard and similar committees and used by organisations for their risk/WHS management systems.

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