Search results for "Risk Management"

Project During Execution – Strategy – Updating

2014

This chapter fundamentally examines project performance during its execution period, however, risk must always be considered, especially at the very beginning of the project when the risk is normally maximum, and at each update. In the Project Monitoring stage, this chapter explores what happens with foreseen risks, that is, if they really happened or not and their consequences. In the Project Control stage, the chapter uses Earned Value Analysis and examines Performance Factors, which are used to predict completion regarding time and cost. However, because these calculations are based on past performance, there is always the risk that this performance will not be replicated in the future, …

The Dimension, Diversity and Complexity of the Macroeconomic Risk

2020

The approach at a macroeconomic level of the challenges in order to foster the competitiveness in certain economic areas implies understanding and assessing the risk as an essential element which can determine in every moment the availability of the mechanisms and the necessary resources for a sustainable future. Even if in a certain measure the risk has to be assumed, the losses caused by undesired events seem to be more ample than the benefits. The most important aspect and part of the risk management is represented by the fact that risk has to be distributed over time, its effects being extended for long periods. While the benefits are hard to distinguish, the efforts seem to be determin…

MANAGEMENT OF PSYCHOSOCIAL RISKS IN THE EDUCATIONAL SECTOR OF LATVIA

2019

Risk management is gaining acknowledgement in organisational management due to the benefits it brings with it, such as ability of managers to forecast possible threats and plan the most appropriate prevention measures. Psychosocial risk group is one of the largest risk group types and is related to the aspects of staff overburning, lack of employee motivation, health problems due to stress, etc. Study carried in Latvia about risk management showed that psychosocial risks are significant for educational institutions. Empirical research carried out in Latvia has shown that the top risks perceived by the education sector professionals in Latvia are overloading of employees and lack of employee…

Risk management of ochratoxigenic fungi and ochratoxin A in maize grains by bioactive EVOH films containing individual components of some essential o…

2018

Abstract Aspergillus steynii and Aspergillus tubingensis are possibly the main ochratoxin A (OTA) producing species in Aspergillus section Circumdati and section Nigri, respectively. OTA is a potent nephrotoxic, teratogenic, embryotoxic, genotoxic, neurotoxic, carcinogenic and immunosuppressive compound being cereals the first source of OTA in the diet. In this study bioactive ethylene-vinyl alcohol copolymer (EVOH) films containing cinnamaldehyde (CINHO), linalool (LIN), isoeugenol (IEG) or citral (CIT) which are major components of some plant essential oils (EOs) were produced and tested against A. steynii and A. tubingensis growth and OTA production in partly milled maize grains. Due to …

Why FX Risk Management Is Broken - And What Boards Need to Know to Fix It

2015

In this paper we rethink the role of Foreign Exchange Risk Management (FXRM) in corporate management. We believe it is fair to characterize FXRM, on the whole, as a legacy activity rather than something that reflects a realistic cost-benefit analysis at the enterprise-level. The Board of Directors, as the designated guardians of the interests of shareholders, has a key role in setting the firm on a path towards a cost-efficient and centralized FXRM that preserves the firm’s transparency and predictability towards the investor community. A policy conclusion from our analysis is that responsibility for FX policy should shift from the traditional Finance/Treasury orientation to a group risk fu…

Organizzazione Sanitaria in Ospedale

2013

Integrating risk management tools for regional forest planning : an interactive multiobjective value at risk approach

2018

In this paper, we present an approach employing multiobjective optimization to support decision making in forest management planning under risk. The primary objectives are biodiversity and timber cash flow, evaluated from two perspectives: the expected value and the value-at-risk (VaR). In addition, the risk level for both the timber cash flow and biodiversity values are included as objectives. With our approach, we highlight the trade-off between the expected value and the VaR, as well as between the VaRs of the two objectives of interest. We employ an interactive method in which a decision maker iteratively provides preference information to find the most preferred management plan and lea…

Risk assessment in ginecology and obstetrics in Sicily: an approach based on Wolff's Criteria

2013

Objectives To apply Wolff’s Criteria to hospital discharge records (HDR) in order to detect adverse events worthy of further study. Methods Gynecology and Obstetrics Units of three Sicilian hospitals were considered and HDR regarding ordinary and day hospital admissions in 2008 were collected. A matched case-control study was designed, by random selection of 10 controls at maximum for each case. Matching was performed on the variables age and speciality of admission (gynecology or obstetrics). Results Out of a total of 7011 HDR examined, 114 cases were identified with Wolff’s Criteria. Multivariate analysis confirmed a statistically significant association with the origin of admission, diag…

When do improved covariance matrix estimators enhance portfolio optimization? An empirical comparative study of nine estimators

2011

The use of improved covariance matrix estimators as an alternative to the sample estimator is considered an important approach for enhancing portfolio optimization. Here we empirically compare the performance of 9 improved covariance estimation procedures by using daily returns of 90 highly capitalized US stocks for the period 1997-2007. We find that the usefulness of covariance matrix estimators strongly depends on the ratio between estimation period T and number of stocks N, on the presence or absence of short selling, and on the performance metric considered. When short selling is allowed, several estimation methods achieve a realized risk that is significantly smaller than the one obtai…

Occupational Safety and Health Risk Assessment in Engineered Nanoparticles Manufacturing Processes

2017

The engineered nanoparticles are more and more entering in Romanian working places, both in research laboratories and in manufacturing processes. Ever increasingly numerous evidence shows that this materials science revolution can generate significant health, safety and environmental hazards, in addition to the social, economic and ethical challenges involvedBased on the precautionary principle recommended be the European Union and a thorough literature review, this research is intended to introduce a framework for further development of an Occupational Health and Safety risk management foundation in this field of concern. Starting from a systematic approach in terms of occupational exposur…