Comprehensive Risk Management Plan Research Articles

Good Islamic Boarding School Foundation Management as Risk Mitigation for Organizational Performance Management & GCG

The fundamentals of sound foundation management can assist businesses in reducing the risks associated with performance management. Principles like accountability, transparency, responsibility, fairness, and justice are all part of the GCG in practice. Businesses can lower the risk of fraud and data manipulation by putting GCG principles into practice and ensuring that the decision- making process is conducted in an open, responsible, and fair manner. Establishing a code of ethics and strong foundation management standards, as well as boosting the openness of financial reports, are some GCG measures that can aid in reducing the risks associated with organisational performance management. However, organisations must also take into account other elements including effective risk management, the application of ethical standards, and the creation of a strong organisational culture in order to mitigate the risks associated with organisational performance management. Good corporate governance is not the only solution to this problem. In actuality, including GCG into a comprehensive risk management plan can assist businesses in improving performance and gaining the confidence of stakeholders. Therefore, in order to enhance performance and reduce risks associated with financial, ethical, and governance difficulties, businesses must pay attention to GCG techniques while mitigating organisational performance management risks.

Identification of Risks in Restoration Projects of Immovable Cultural Heritage

Activities for the conservation of cultural heritage around the world are gaining importance day by day. Restoration of immovable cultural heritage has an important place among conservation activities. Restoration projects have different dynamics from standard construction projects. This causes restoration projects to have inherent risks. For a successful restoration project to be realized, these risks must be systematically addressed within the framework of a comprehensive risk management plan. The research aims to determine the risks in the restoration projects of immovable cultural heritage and to prepare the basis for a comprehensive risk management system. After the research topic and the literature review, the risk management process and risks in restoration projects were classified based on the existing literature, and risks were defined for each category. The significance levels of the identified risks were determined as a result of the Delphi questionnaires, which consisted of three stages in which a group of experts participated, using the Delphi Analysis Technique. The most critical risk categories and risks that experts agreed on were determined. The findings obtained as a result of the research will contribute to the efficiency of the process by supporting a planned risk management process for the stakeholders

Safety Risk and its Impact to the Risk Management System in the Construction Industry at National Capital Region Philippines

This descriptive-quantitative type of study identified how safety risks impact the risk management system of the construction industry in the National Capital Region, Philippines. A researcher-structured survey questionnaire was made to gather the needed data for this study and was distributed to different construction sites' key personnel like the project in-charge, project manager, and safety officer with either the use of Google form or by the conventional method which is a printed questionnaire directly distributed to the project sites. The collected data were analyzed utilizing frequency, percentage, weighted mean, standard deviation, and T-test. The findings indicated that the key personnel were familiar with the existing rules and laws in terms of construction safety that are being implemented in the country, however there are some common safety practices which were not properly implemented. It was also found that the rewards system will help improve the company’s safety implementation even with less supervision. The study also found out that mitigating safety risks in the construction sites is still an area of concern in the project risk management system. Since there were still some lapses in implementing safety protocols, the main goal of a risk management system which is to minimize the risks cannot be attained until safety protocols are properly implemented in every project site. To control and mitigate safety risks in the workplace, a comprehensive risk management plan which contains different levels of safety controls should be developed and implemented.

Using agronomic data to minimize the impact of field conditions on player injuries and enhance the development of a risk management plan

An important aspect of facility management is the development of a comprehensive risk management plan. Player safety has only recently been a consideration when developing a risk management plan. Field conditions have not received much attention as it relates to player safety. Several injuries at Optus Stadium in Perth, Australia raised questions about the playing surface being the cause. The purpose of this study was to determine the ability of established athletic field agronomic measures to predict injuries from football fields and soccer pitches. Logistic regression was used to predict injury based upon soil compaction, soil moisture, surface firmness, and turfgrass quality. Results indicate that athletic fields that met good standards had the lowest probability of injury and injury probability is the highest when field conditions are considered poor. These results provide parameters facility and athletic field managers can use to determine whether an athletic field demonstrates a low risk of injury, needs to be improved, or a game should be canceled.

Risk Identification and Assessment of PPP Forestry Projects in China Using a Fuzzy Synthetic Evaluation Approach

At present, the Chinese government is vigorously promoting the use of PPP mode to attract social capital and financial capital into the field of forestry, including ecological construction, protection and utilization, which is of great significance for promoting the construction of ecological civilization and the development of both the economy and the society. Because the financing, organization, implementation and environmental factors of PPP forestry projects are relatively complicated, there are certain risks for both the government and social capital. In order to evaluate the risks of China's forestry projects for the government and social capital, 43 risk factors were identified and divided into 4 groups based on Delphi method and questionnaire survey. 23 key risk factors were selected according to the standardized values. Then, the probability of occurrence (PO), impact size (IS) and overall risk level (ORL) of each key factor were determined by fuzzy synthetic evaluation(FSE) method, and each KRF, KRG and overall risk level (ORL) were calculated. Based on the results, "Government Decision Risk" in KRF was the most critical risk factor, and KRG "Financial Risk" was the most critical risk factor group. Overall, fuzzy comprehensive results showed that the ORL of China's forestry PPP project is relatively high. According to the analysis results, countermeasures were put forward. The research results could provide reference for all participants in PPP forestry projects to make decisions, and formulate a comprehensive risk management plan to use limited resources. In addition, this study could expand professional knowledge and enrich relevant results.

Abstract 701: Immunogenicity risk assessment and mitigation tools

Abstract New immuno-oncology mAbs or agents with other structures have revolutionized treatment options for several malignancies in the past few years, and more are currently being evaluated in the clinic. The development of new therapeutics comes with a series of challenges and questions, of which one is the risk for unwanted immunogenicity which can lead to decreased efficacy and safety concerns. Today, both in silico and in vitro preclinical tools are available to identify early on therapeutic candidates with a high immunogenicity risk potential. Additionally, certain tools can be used to mitigate the immunogenicity potential, and thus improve and accelerate therapeutic drug development and reduce the number of clinical failures. Often used as a first step is an in silico T cell epitope prediction algorithm such as NetMHCIIpan which can be used to assess and compare the immunogenic potential of the lead candidates and guide de-immunization strategies. Further monitoring of the immunogenic risk can be performed using different in vitro assays: a peptide screen assay, to enable the exclusion of immunogenic peptides and the inclusion of low risk sequences; a dendritic cell activation assay to assess immunogenicity signals for the whole product; the MAPPs or MHC Associated Peptide Proteomics, assay to follow uptake, processing and presenting of biotherapeutics by dendritic cells and identify specific regions of concern, and; in vitro T cell proliferation and activation assays to determine and rank the immunogenic risk of the test proteins. The compilation of the different datasets and translation of the results into a comprehensive risk management plan, allows selection of the best candidates to move forward into humans, deimmunization of test candidates and identification and discontinuation of the high-risk candidates as early as possible. Citation Format: Amin Osmani, Sofie Pattijn, Jana Schockaert, Aurélie Mazy, Chloé Ackaert. Immunogenicity risk assessment and mitigation tools [abstract]. In: Proceedings of the Annual Meeting of the American Association for Cancer Research 2020; 2020 Apr 27-28 and Jun 22-24. Philadelphia (PA): AACR; Cancer Res 2020;80(16 Suppl):Abstract nr 701.

Risk attitudes and the big five personality traits: a study on construction project practitioners in Malaysia

Risk management often applies in any decision making process to ensure success of an objective. However, many organizations fail to realize the importance of such knowledge, especially in high risk and complex industries in construction. The decision made while taking uncertainty into account varies among individuals based on their attitudes. Hence, their perspectives towards uncertainty may be the determinant to ensure success in a project. As risk attitudes and perception varies among individuals, so does personality. Henceforth, this study aims to investigate the relationship of the factors in the Big Five theory in influencing risk attitude, by using the Big Five Inventory (BFI) model and the Domain Risk-attitude scale, in order to determine individuals’ personality based on the five dimensions for both categories. The proposed model was tested on 70 decision makers, particularly project practitioners specialize in the construction industry in Malaysia. Partial Least Squared Structural Equation Modelling (PLS-SEM) was used to investigate both variables based on the objectives. The results showed that all variables but one has a significant effect towards risk attitude, where extraversion has the most effect towards risk attitude. All factors of the Big Five except neuroticism reacts positively towards risk attitude. The study of relationship between personality traits and risk taking will signify the vast variations of how every decision maker will choose to respond to uncertainty depending on their respective human behaviour. Such understanding helps in the development of a comprehensive risk management plan.

652-P: Patients with Diabetes at High Cardiovascular Risk with Chronic Kidney Disease: Online Virtual Simulation Improves Clinical Decisions

Purpose: Assess if simulation-based online education improves performance of cardiologists (C), diabetologists/endocrinologists (D/E) and primary care physicians (PCP) in managing patients with type 2 diabetes (T2D) at high cardiovascular (CV) risk with chronic kidney disease (CKD). Methods: Two patient cases were presented in an immersive, virtual patient simulation (VPS) platform designed to replicate the real-life decision-making process allowing learners to order lab tests, assess patients, make diagnoses, and prescribe treatments. Tailored clinical guidance (CG) was provided for each clinical decision (CD) so learners could modify their CDs and indicate their rationale. Physicians who fully completed each case were evaluated. Each learner’s pre-/post CDs were analyzed using a paired t-test. The activity posted on 1/31/2019; data were collected through 10/1/2019. Results: Upon completion of this educational activity C (n=296/154, cases 1 and 2), D/E (236/128) and PCP (228/157) demonstrated improved performance in making appropriate, evidence-based CDs (all p<0.05) with respect to • Ordering a suitable diagnostic workup to establish elevated reno-vascular risks resulting in a significantly higher proportion of correct diagnoses of CKD and hypertension • Tailoring a comprehensive risk management plan including increased patient education, weight management, foot examination and SGLT2 inhibitor or GLP-1 receptor agonist Rx. Predominant reasons for selecting an SGLT2i • Proven CV risk reduction • Recommended by guidelines. Main reasons for not choosing an SGLT2i • Economic considerations • Unfamiliarity with use. Conclusion: Immersive VPS-based education improves evidence-based CDs related to the crucial aspects of managing T2D in patients at high CV risk with CKD. Collection of learners’ decision-making rationale data provides insight into the decision-making process of physicians in actual clinical practice. Disclosure J. Trier: Consultant; Self; WebMD LLC. D. Gunesekera: None. Funding Boehringer Ingelheim Global; Eli Lilly Global

Towards developing robust climate risk management strategies in the estuarine park of the Swan River, Western Australia

PurposeThis study aims to support the development risk management strategies towards improving the resilience of assets located in the estuary and lower level of the Swan River, Western Australia. The study evaluated the key role of Federal/State policies in adaptation planning and the communication and interface between various stakeholders, including State/Local governments, construction professionals, property developers and landowners.Design/methodology/approachThe study applied a mixed research approach through a questionnaire survey followed by an in-depth interview involving local construction experts. Collected data were analysed following the grounded theory methodology style of data analysis.FindingsThe findings revealed a convoluted understanding of communication networks and responsibility for owning the future risks between relevant stakeholders. As a result, a framework illustrating clear process and roles in mitigating risk and implementing adaptive asset management measures has been formulated and presented in this study.Originality/valueScientific evidence suggested that sea-level rise and increased frequency of major coastal flooding events are inevitable as early as 2100, and having a comprehensive risk management plan of assets to anticipate climate risks and to improve urban resilience is essential. The proposed framework is aimed at local stakeholders in improving current state of communication and adaptation planning as a pathway to develop a robust risk management strategy.

Climate Change Adaptation in the Southwest Indian Ocean: Case Study of the Perception of Risk, Common Coping Strategies and the Potential for Micro-Insurance

Given that climate change is adversely impacting upon the agriculture and tourism industries and the low income labourers in these sectors, this paper reports on household perceptions of climate risks, current coping mechanisms and current coverage of insurance in Mauritius and the Seychelles. The research methodology included a survey of 586 persons, interviews and workshops with stakeholders in the agricultural and tourism sectors of each country. Approximately 42% of persons surveyed had experienced some loss from an extreme weather event, with some respondents experiencing multiple events. The results demonstrated a reliance on personal savings and government assistance as a form of pseudo-insurance, with as many as 65% of respondents indicating that they utilized savings to cope after an extreme weather event which damaged housing and livestock. The general feedback from interviews in Mauritius indicated that government aid is usually provided to the identified sectors when they are impacted by disaster events. For Seychelles, however, government support was less prevalent. The use of such asset depleting coping mechanisms forebode the distinct possibility of having to sell possessions or not repair at all should there be future catastrophe events. These findings advance a sound agenda for policy and practice in the Indian Ocean on matters related to climate change adaptation. By discussing the current status of climate risk awareness and resilience in these countries, this paper offers an argument for the inclusion of microinsurance in a comprehensive risk management plan as an alternative financial risk management tool. Introducing microinsurance products designed specifically for climate and weather risk, and which take into account the shortcomings of traditional insurance, may reduce the vulnerability of coastal communities in the face of climate change.

Extended-release/long-acting opioid REMS may fill the need for prescribers' appropriate use education

The Food and Drug Administration (FDA) is requiring manufacturers of long-acting and extended-release opioids to have a class-wide Risk Evaluation and Mitigation Strategy (REMS). The comprehensive risk management plan will include training for prescribers on the appropriate and safe use of these pain medications. The letter dated April 19, 2011 from FDA to manufacturers outlining the REMS requirements describes voluntary training that should be certified education "where practicable." The current report includes data from a recent comprehensive study of healthcare professionals and patients and highlights key insights that can guide the development of the opioid REMS training.

Damage mitigation for school buildings in seismically vulnerable regions

PurposeSchool buildings have suffered disproportionate damage during past and recent earthquakes. For example, during the 2008 Sichuan earthquake, many school buildings collapsed, resulting in loss of life. School buildings in many other parts of the world are also susceptible to this type of widespread damage because of inadequate design, detailing, or poor construction quality. The purpose of this paper is to show how these fatal flaws can be mitigated prior to future catastrophe by using good engineering practice to retrofit vulnerable schools.Design/methodology/approachConventional and innovative, cost‐effective, and reliable tools are available to prevent damage to schools. It is often necessary to examine a group of buildings or all structures in a locality and develop a comprehensive risk management plan for the vulnerable buildings. As an example, a comprehensive evaluation and retrofit project, under the auspices of the World Bank, is currently under way in Istanbul, Turkey, to address vulnerable school and hospital buildings as discussed in the paper. As part of this effort in Turkey, a guideline that relies on state‐of‐the‐art evaluation and retrofit methods has been developed to assist the local engineers.FindingsImplementation of the program based on the uniform standards developed in the retrofit guidelines, has significantly reduced the seismic risk to schools in Istanbul.Practical implicationsThe proposed evaluation and implementation technique can be utilized by governments worldwide to prevent further damage to key infrastructure and save millions of lives.Originality/valueInnovative retrofits can be used to provide enhanced performance and provide seismic resiliency for cluster of school buildings.

Energy Risks Zoning and Demand Forecasting in Jiangsu rovince

Abstract This paper takes Jiangsu province as an example, divides the zone of energy risks and uses GM (1, 1) and the combination of BP network model to forecast energy demand in this region.Finally, we adopt ARCEngine secondary development achieving the system simulation, and putting forward a strategic suggestion on energy problem of Jiangsu province. The study provides the scientific data support for making energy policy rationally, reducing the increasingly prominent phenomenon of energy demand and offer support for different levels in different departments. It can provide the scientific basis for risk prevention and comprehensive risk management plan. © 2011 Published by Elsevier Ltd. Selection and peer-review under responsibility of RIUDS

Managing risks in mega defense acquisition projects: Performance, policy, and opportunities

This research explores key aspects involved in the process of managing risk associated with acquisition projects within the US Department of Defense (DOD). First, various US Government Accountability Office reports are analyzed to identify the strengths and weaknesses of the DOD’s overall program management practices, as well as individual projects. Then, the evolution and progress of United States Army’s Future Combat Systems project is examined in detail as a case study to substantiate the argument that insufficient risk management has contributed to project delays and cost overruns significantly. Poor risk management performance and practices are not unique to the Army, but arises from a system bred into the process of gaining approval to implement projects in the DOD. Incorporating a comprehensive risk management plan in the planning phase and filling key project management positions with personnel trained to recognize sound proposals from contractors would make significant strides toward improving overall project management practices in the DOD.

Building a Comprehensive Risk Management Plan

Building a Comprehensive Risk Management Plan

Risk assessment with adolescent sex offenders

The paper describes an evaluation of a risk assessment tool's effectiveness in distinguishing adolescent sexual offenders who had committed further sexual offences from those who had not. The sample consisted of 50 male adolescent sexual offenders referred to a forensic outpatient service within a healthcare setting. The adolescents within the sample were designated recidivists versus non-recidivists using two methods: clinican's judgement and Home Office records for reconvictions. The risk assessment achieved a moderate to high level of sensitivity and specificity in distinguishing the recidivists from non-recidivists using clinician's judgement of recidivism as outcome. However, the tool was unable to distinguish recidivists from non-recidivists. The risk assessment tool described has potential in the identification and modification of contextual and clinical risk factors, in informing professionals’ decision-making and in developing and implementing a comprehensive risk management plan.

Insuring computer risks

Individuals and organizations who own or use computers in daily operations face many exposures to the risk of loss of hardware, software, and other computing assets, including liability arising from computing operations. Many loss prevention techniques have been developed to lessen the frequency and severity of such losses but in the end, insurance coverage must be obtained for maximum protection. Securing proper computer insurance coverage at a reasonable price is not always easy. In fact, much time and expense can go into a well-planned insurance program for computing operations. This article examines ways to minimize premiums for computer coverage as part of an overall plan of loss prevention, risk control, and contingency funding. It explains why computer insurance premiums fluctuate and how to take advantage of the fluctuation in the computer insurance market. It also identifies some of the factors that are important to insurers and how they relate to computer insurance. The techniques explained in the article, when used as a part of the comprehensive risk management plan, can help the insured computing operation provide for loss contingencies and minimize the overall cost.