Search results for " risk management."

Components of software development risk: how to address them? A project manager survey

2000

Software risk management can be defined as an attempt to formalize risk oriented correlates of development success into a readily applicable set of principles and practices. By using a survey instrument we investigate this claim further. The investigation addresses the following questions: 1) What are the components of software development risk? 2) how does risk management mitigate risk components, and 3) what environmental factors if any influence them? Using principal component analysis we identify six software risk components: 1) scheduling and timing risks, 2) functionality risks, 3) subcontracting risks, 4) requirements management, 5) resource usage and performance risks, and 6) person…

A critical review on supply chain risk – Definition, measure and modeling

2015

Abstract Economic systems are increasingly prone to complexity and uncertainty. Therefore, making well-informed decisions requires risk analysis, control and mitigation. In some areas such as finance, insurance, crisis management and health care, the importance of considering risk is largely acknowledged and well-elaborated, yet rather heterogeneous concepts and approaches for risk management have been developed. The increased frequency and the severe consequences of past supply chain disruptions have resulted in an increasing interest in risk. This development has led to the adoption of the risk concepts, terminologies and methods from related fields. In this paper, existing approaches for…

Assessing supply chain risks in the automotive industry through a modified MCDM-based FMECA

2020

Supply chains are complex networks that receive assiduous attention in the literature. Like any complex network, a supply chain is subject to a wide variety of risks that can result in significant economic losses and negative impacts in terms of image and prestige for companies. In circumstances of aggressive competition among companies, effective management of supply chain risks (SCRs) is crucial, and is currently a very active field of research. Failure Mode, Effects and Criticality Analysis (FMECA) has been recently extended to SCR identification and prioritization, aiming at reducing potential losses caused by lack of risk control. This article has a twofold objective. First, SCR assess…

Can software risk management improve system development: an exploratory study

1997

Software risk management can be defined as an attempt to formalise risk oriented correlates of development success into a readily applicable set of principles and practices. Earlier research suggests that it can reduce the likelihood of a system failure. Using a survey instrument we investigate this claim further. The investigation addresses the following questions: (1) which characteristics of risk management practices; and (2) which other environmental and process factors (such as development methods, manager's experience) relate to improved performance in managing software risks? Our findings support in general the claim that the use of risk management methods improves system development…

Attention Shaping and Software Risk—A Categorical Analysis of Four Classical Risk Management Approaches

1998

This paper examines software risk management in a novel way, emphasizing the ways in which managers address software risks through sequential attention shaping and intervention. Software risks are interpreted as incongruent states within a socio-technical model of organizational change that includes task, structure, technology, and actors. Such incongruence can lead to failures in developing or implementing the system and thus to major losses. Based on this model we synthesize a set of software risk factors and risk resolution techniques, which cover the socio-technical components and their interactions. We use the model to analyze how four classical risk management approaches—McFarlan's p…

Project Risk Register Analysis Based on the Theoretical Analysis of Project Management Notion of Risk

2016

Abstract The aim of the current research is to examine publicly available project risk registers to find correlations between the project management theory, especially project risk management, and practical results of real project risk management – the risk registers publicly available on the Internet. In the research, the author has analysed the compliance between the theories of the project risk management described in the “Aid Delivery Methods. Volume I. Project Cycle Management Guidelines” and “Caltrans Project Risk Management Handbook, Threats and Opportunities, Second Edition, Revision 0” and the project risk registers. In the previous studies, the author concluded that after analysin…

Derivative Disclosure Practices in the Annual Financial Reporting of Large European Banks: A Cross-country Empirical Study

2018

The topic of this paper is derivative reporting in banking. The authors employ content analysis to conduct an empirical study on a sample of large European banks. The research aims to assess the qualitative and quantitative profiles of derivative disclosure in banking institutions. The paper provides evidences that banks differ in their derivative reporting, even though they are subject to similar regulatory requirements and accounting standards. The paper also shows that there is room to improve various aspects of derivatives disclosure in banking.

Dynamic Risk Taking with Bonus Schemes

2014

This paper studies dynamic risk taking by a risk-averse manager who receives a bonus; the company may default on its contractual obligations (debt and fixed compensation). We show that risk taking is time independent, and is summarized by the so-called risk aversion of derived utility. We highlight the importance of dynamic aspects and provide a foundation for common qualitative discussions that are based on characteristics of bonus functions. The paper cautions that deferral of fixed compensation may increase risk taking. Finally, we motivate a new bonus scheme that incentivizes the manager to implement the socially optimal risk level.

MODELLI DATA-DRIVEN VALORIZZAZIONE DELLE INFORMAZIONI DIGITALI A SUPPORTO DEI PROCESSI DECISIONALI DELLA SUPPLY CHAIN

2023

Sistema di Controllo Interno e prevenzione delle infiltrazioni della criminalità organizzata

2019

L’intensificarsi della diffusione delle infiltrazioni della criminalità organizzata in molteplici settori rende sempre più complessa per le aziende operanti con la pubblica amministrazione, la verifica dell’affidabilità, non solo economico-patrimoniale, dei soggetti (es., partner, clienti, fornitori) con i quali interagire. L’assenza di efficaci strumenti di prevenzione e contrastato dei tentativi di infiltrazioni della criminalità organizzata nella gestione aziendale può dar luogo a sanzioni interdittive, compromettendo in modo irreversibile l’immagine e il processo di creazione di valore e tutela degli stakeholders. Muovendo da tali presupposti, il presente lavoro è teso a verificare se i…