Top Research Papers on Risk Management

Risk Recon is a tool and database used to enter and enter risks associated with projects/programs and is used to track risks throughout the acquisition life-cycle.

The AI RMF is intended to be practical, to adapt to the AI landscape as AI technologies continue to develop, and to be operationalized by organizations in varying degrees and capacities so society can benefit from AI while also being protected from its potential harms.

The article is aimed at solving the important problem of risk management in the context of innovative projects, which affects the competitiveness and sustainability of organizations in the modern business environment. The purpose of the article is to highlight and develop an innovative approach to risk management in innovative projects to improve their success. The article examines the theoretical foundations of risk management in the context of innovative projects, including concepts, principles, and methods of risk management. The article identifies and analyzes the key risks that arise in t...

The management of risk factors requires three key elements: a common terminology for risk, in a continuous and future-oriented process of identification, research and measurement of risks and opportunities, and finally managers skilled in risk management and responsible for coordinating and continuously implement the risk strategy with pre-established risk objectives. These elements are applied consistently within the company. The work will focus on the current view of corporate risk and risk management. Finally we will focus on enterprise-wide risk management.

“Climate change is one of the major risks threatening the well-being of mankind. At the same time, climate change is increasingly recognised as a source of financial risks for financial institutions and corporates. This will potentially trigger a radical shift in economic activities and resource allocation and hence has far-reaching implications for all sectors of the economy and financial markets around the world.”

The guideline applies also to the regulatory authorities in the fields of pharmaceutical assessment of the quality part of the marketing authorisation dossier, GMP inspections and the handling of suspected quality defects.

The study of this paper investigates the crucial function of risk management in healthcare administration by underlining the situation with fostering a gamble mindfulness in regard to effectively accomplishing chances and working on understanding results in the troublesome medical services setting.

It is demonstrated that both rock fishing practice and many of the high-risk events that emerge while rock fishing are managed collectively, demonstrating that collective responses to risk are more representative of how risk is experienced and acted upon, with implications for risk management in countless contexts.

PurposeThis paper explores how risks are managed in project practice beyond formalized risk management processes by applying the lens of actuality research to project risk management.Design/methodology/approachThe paper follows a qualitative multimethod research approach utilizing literature review, interviews, observations and document analysis. The paper is based on three case studies and one interview study in project organizations facing green transition challenges.FindingsLittle work exists to reveal how risk management is actually done by project practitioners, and why. Few studies repor...

Purpose:  The aim of this study is to assess the risk awareness and appetite of public managers at each level, as well as the factors that support risk awareness. Risk awareness in Public Sector Organizations is critical as they face a growing set of uncertainties, far beyond the risks associated with financial performance.   Theoretical framework: The theoretical aspect of this study was covered by previous studies published in international journals related to risk management.   Design/methodology/approach: This article uses the case study method as a technique to collect and analyze data, a...

where Φ (x) is the distribution function of univariate standard normal distribution while Φ2 (x, y; ρ) is the distribution function of the bivariate standard normal distribution with correlation ρ. Let (X1, X2) be a random Gaussian vector of distribution Φ2. Show that the copula of (X1, X2) is the same with the one of the random vector (Φ (X1) ,Φ(X2)). Deduce an algorithm to simulate the Gaussian copula of parameter ρ.

The proposed concept considers organizational-hierarchical structure of the enterprise as complex, the risk management policy as global, the respective actions as permanent and the orientation toward risks as adaptive to determent the future development in connection with enterprise resource planning.

A preliminary cyber risk definition and classification is provided to ensure that adopting institutions are utilizing common language and allowing consistent data collection and sharing and a deeper dive into the reasoning behind the variables proposed to collect is provided.

Purpose Framed within global policy debates over the need for private financial flows to align with the capital requirements of the Paris Agreement, this paper examines UK asset managers in their approaches to disclosing and managing climate risk. This paper identifies and evaluates climate risk management practices among this under-researched investor group in their capacity to address fundamental behavioural obstacles to low-carbon investment. Design/methodology/approach This paper takes an inductive approach to document analysis, applying content and thematic analysis to the annual discl...

This work states that mission-oriented basic research helps to improve the design of climate risk management strategies andStakeholder values are central to defining the decision problem.

The findings indicate that privacy concerns, perceived threats, and internet self-efficacy directly impact personal risk management, which in turn directly influences purchase intentions.

The purpose of the article is to study the features of the risk management in cross–cultural management. To do this, it is necessary to identify and describe the reasons for the development of cross-cultural management, classify risks and develop recommendations for their management. The methodological basis of the research is the system and process approaches. The author analyzes the concepts of foreign researchers and summarizes the information and analytical materials of foreign consulting agencies. The article starts a discussion whether imposing the monocultural system of norms and values...

ABSTRACT An important focus of risk management in national parks is the interplay between how risk is perceived and how visitors would like risks to be managed. This paper presents the results of a study that investigated visitors’ expectations on how the risk of injury should be controlled by park management agencies, linking it with perceptions on park dangerousness and confidence to deal with unexpected adverse events. Results of our survey among visitors in two Western Australian national parks, Karijini and Stirling Range, suggest that visitors tend to approve risk management intervention...

Advanced risk management solutions are essential for mitigating credit risk in financial operations, particularly in today's volatile economic environment. This Review explores the innovative approaches and technologies being utilized to enhance credit risk management and safeguard financial institutions against potential losses. Credit risk, the possibility that a borrower will default on their obligations, poses a significant threat to financial stability. Traditional methods of assessing and managing credit risk, such as credit scoring and historical data analysis, are no longer sufficient ...

Studies on risk management in the tourism sector have been conducted, but studies on risk management, particularly for homestays, are lacking. This paper presents a theoretical study that provides an overview of the relevant theories on risk management in homestays. The literature review section presents selected articles appropriate to the research topic for review using identification, screening, eligibility, analysis, and conclusion steps. Risk management in homestays is crucial to avoid risks arising from the homestay management process itself and to create tourist satisfaction and loyalty...

This review summarizes studies of the long term effects of covid-19 in hospitalized and non-hospitalized patients and describes the persistent symptoms they endure and risk factors for acute and long covid.

This research examines the relationship between the risk management committee and textual risk disclosure. Textual risk disclosure is measured using the use of a risk-contained tone in the annual report. We employed empirical analysis for the Indonesian listed firms for the period 2010 to 2018. The findings of this research suggest that the existence of the risk management committee gives more risk disclosure. This finding implicates that firms with a risk management committee will give more risk disclosure, because they have a specific committee which have abilities concerning firm risk. The ...

This paper employs the interpretative lens provided by stakeholder theory to garner novel insights for research and managerial practices within the framework of high‐reliable organizations (HROs). It proposes an interpretative matrix for analyzing and explaining how stakeholders’ behaviors and interactions can transition from a “strategic” to a “responsibility” approach in the context of risk management. The paper adopts a qualitative methodology based on a case study of the Italian Civil Protection—an HRO—during the COVID‐19 pandemic. Through the analysis of institutional sources and reports,...

Risk management is a domain of management which comes to the fore in crisis. This book looks at risk management under crisis conditions in the COVID-19 pandemic context. The book synthesizes existing concepts, strategies, approaches and methods of risk management and provides the results of empirical research on risk and risk management during the COVID-19 pandemic. The research outcome was based on the authors’ study on 42 enterprises of different sizes in various sectors, and these firms have either been negatively affected by COVID-19 or have thrived successfully under the new conditions of...

During the execution of a change using Management of Change (MOC), the risk to the facility is increased because things are in flux until the change is completed and documented and personnel trained. During this time P&IDs, SOPs, and other procedures are being developed or changed. Construction or tie‐ins in preparation, or as part of the change, are going on. Thus, during the change until it is complete, the potential for error, and therefore the risk, is increased. This potential for error emanates from the use of not‐yet implemented P&IDs, the use of unapproved or old procedures, and uninte...

The most recent risk stratification models are reviewed, highlighting differences between prediction scores and their limitations, and the utility of serologic biomarkers and imaging modalities to detect right ventricular dysfunction is discussed.

The article considers the essence of the enterprise management system and identifies the main elements of this system, which include: enterprise strategy, personnel, business processes, standardization, controlling and risks. It is established that the control system has a control and managed system, describes the priority areas of management. It is proved that the modern business environment is characterized by risk trends caused by various factors, among which should be noted: legal, administrative and tax risks, inflation and quarantine restrictions caused by the consequences of COVID-19. T...

A risk map is a tool, based on various information systems, that aims to identify the activities or processes at risk, quantify the probability of those events and measure the potential damage associated with their occurrence. That kind of map provides three valuable contributions to a Manager: integrated information about company overall risk exposure, summaries of the total economic value of the risks assumed at any given time, and tools to study those sources of risk. The risk map is implemented in a graphic interactive dashboard, similar to an information panel, able to emphasize abnormali...

This conceptual paper focuses on the relationship between insolvency, capital structure, and value creation. The aim is twofold: to define risk-based capital measures able to absorb the effects of financial distress and avoid corporate default; and to verify conditions and limits of use of these measures in corporate financial policies. The capital measures based on insolvency risk will be defined by recalling the concepts of Cash Flow-at-Risk and Capital-at-Risk. A first check on the usefulness of these risk-based measures and their consistency with the principle of value maximization is carr...

The impact of corporate governance composition of a company is critical on the reacting ability of a company to external elements that effect on company’s financial performance. A very good management in the company has a positive impact in making the company performance higher than other companies that they have no good management. Inspire of the fact that corporate governance ha several internal mechanisms, the current research tested the effect of board size and CEO duality on company financial performance measures namely ROA 36 public listed companies in Oman. Annual data collection is ann...

The article reveals the impact of risks on the implementation of projects of various directions. The mechanism of identifying and managing risks in the project management system is considered in order to make effective management decisions and bring the actual indicators of time, resources and quality to the planned values. The paper uses the SWOT analysis method, which allows strategic planning based on the study of external and internal environment conditions, followed by the formation of four groups: strengths and weaknesses, opportunities and threats. As a result, of the conducted research...

The previous chapter explicated the components of the project plan from the traditional project management (TPM) standpoint. In this chapter we explore the risk management system while linking this to the concept of Agile in managing projects. The rationale rests on the bedrock of project success which is directly proportional to the effectiveness of the risk man- agement system. The higher the uncertainty about the event scope, the more likely the management team will face a real challenge trying to develop an effective risk management system following the TPM approach. The first part of this...

This study investigates whether and how effective risk management committees (RMCs) improve corporate investment efficiency. Using a sample of listed companies included in the Australian Securities Exchange (ASX) 300 index, we document that effective RMCs improve investments’ sensitivity to growth opportunities and profitability. The results also reveal that effective RMCs enhance corporate investment efficiency by restricting not only over- but also underinvestment. Subsequent analyses demonstrate that the positive effect of RMCs on investment efficiency is due to the reduced information asym...

Sustainability practices in a working environment represent superior quality performances, while risks remain to be a challenge. Our study’s primary purpose is to deploy the bibliometric method to analyze the related literature. Bibliometric parameters analyzed using the VOSviewer software were employed to identify citations relevant to sustainability and risk contexts’ critical themes. From 1990–2020, a reflection of 1233 documents appeared in Scopus on sustainability practices and risk management. We searched the current papers, authors, institutes, and keywords on VOSviewer. The bibliometri...

This short consensus paper examines large-scale social harms and malicious uses, as well as an irreversible loss of human control over autonomous AI systems, and proposes priorities for AI R&D and governance.

It is argued that entities developing or deploying high-risk AI systems should be required to present evidence of affirmative safety: a proactive case that their activities keep risks below acceptable thresholds.

The article is concerned with the current methods of managing financial risks for an enterprise. The main directions of risk management and methods of neutralization of financial risks are considered. Risks are an important component of the economy, politics, social life of society, that is, they are present in all branches of activity and directions of any company, enterprise or organization operating in market conditions. Risks are associated with management and depend on the effectiveness, efficiency and validity of decisions. There are different definitions of the concept of «financial ris...

The article considers the concepts of risk management, the main processes of risk management. Procedures for the risk management process areproposed. Risk management is one of the components of the organizational process of production, so it must be integrated into this process and haveits own strategy, tactics, operational implementation. At the same time, it is important not only to carry out risk management, but also to periodicallyreview the activities and means of such management. Every organization has its own risk-oriented benefits and identifies risks based on that. Suchactions are cal...

An overview of available methods for the translation of the risk assessment information into a risk management plan is provided and two methods provided concrete guidelines for all of the steps of the pathway from risk assessment to management are identified.

The present paper aims to identify the role of internal audit function in risk management from the perspective of risk managers in banks operating in Palestine, with a review of the concept, importance, objectives, and principles of internal audit and its role in risk management for banks. The target population is the risk managers in the banks operating in Palestine. The major findings in the presented paper. First, the main factor in risk management is the risk manager's efficiency, and the internal auditing focuses on evaluating the risk management department and ensuring the efficiency of ...

Patients will need ongoing monitoring and most will require some long-term therapy once started, but Romosozumab is a new anabolic treatment for osteoporosis and, together with teriparatide, is subsidised as second-line therapy for individuals with severe disease and multiple fractures.

Clinical Risk Management aims to improve the performance quality of healthcare services through procedures that identify and prevent circumstances that could expose both the patient and the healthcare personnel to risk of an adverse event.

A risk management of silent cyber risk for organizations is conducted with the objective of contributing to the development of risk management methods for new cyber risks that are expected to increase in the future.

Using the ISO 31000 standard of risk management and the ARIS integrated modeling environment, the authors have built a model of the risk management process in a medical organization, including the accounting subsystem, the risk analysis subsystem, and the risk processing subsystem.

This review paper delves into the transformative potential of advanced risk management models in enhancing the resilience and efficiency of supply chain finance (SCF). By examining the application and development of Artificial Intelligence (AI), Machine Learning (ML), Big Data analytics, and blockchain technology, the paper highlights their role in transitioning from traditional reactive strategies to proactive and predictive risk management approaches. Despite the promising advantages, the paper also addresses the significant implementation challenges, model limitations, and regulatory and et...

In the 1920s, E. C. LaRue's analysis of the Colorado River Basin revealed the river could not reliably meet future water demands, and no one heeded his warning.

A risk management model obtains too much importance when focusing on the needs of the organization in a specific way, since it is not only about copying norms or policies of one organization to mitigate the risks of another, but each of these has different scenarios or contexts.

The paper explores potential obstacles and advantages, providing valuable insights into how the implementation of sustainable risk management can contribute to the development of more resilient, responsible, and futureoriented IT projects.

Tagline Groupe de travail/Programme (ligne avec top à 220 mm) This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the OECD or of the governments of its member countries. This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. The statistical data for Israel are supplied by and under the responsib...

The construction of a dynamic model of risk management for a construction company is considered, which can significantly increase the efficiency of management decisions.