Development Of Risk Management Research Articles

History, Evolution and Future of Big Data and Analytics: A Bibliometric Analysis of Its Relationship to Performance in Organizations

AbstractBig data and analytics (BDA) are gaining momentum, particularly in the practitioner world. Research linking BDA to improved organizational performance seems scarce and widely dispersed though, with the majority focused on specific domains and/or macro‐level relationships. In order to synthesize past research and advance knowledge of the potential organizational value of BDA, the authors obtained a data set of 327 primary studies and 1252 secondary cited papers. This paper reviews this body of research, using three bibliometric methods. First, it elucidates its intellectual foundations via co‐citation analysis. Second, it visualizes the historical evolution of BDA and performance research and its substreams through algorithmic historiography. Third, it provides insights into the field's potential evolution via bibliographic coupling. The results reveal that the academic attention for the BDA–performance link has been increasing rapidly. The study uncovered ten research clusters that form the field's foundation. While research seems to have evolved following two main, isolated streams, the past decade has witnessed more cross‐disciplinary collaborations. Moreover, the study identified several research topics undergoing focused development, including financial and customer risk management, text mining and evolutionary algorithms. The review concludes with a discussion of the implications for different functional management domains and the gaps for both research and practice.

إجراءات الوقاية من مخاطر المواد الخطرة في منشآت تصنيع المنظفات: حالة دراسية مصنع طيبة

هدفت الدراسة إلى تحديد المواد الأولية الخطرة المستخدمة في مصنع طيبة وبيان الإجراءات الوقائية للتعامل مع مخاطر المواد الخطرة في مصانع المنظفات، ولتحقيق هذا الهدف استخدم الباحثون المنهج الوصفي التحليلي لوصف الإجراءات الوقائية المتبعة في مصنع طيبة، وتحليلها والتخطيط الفعال للتعامل مع مخاطر المواد الخطرة عبر الزيارة الميدانية والملاحظة المباشرة والمقابلات مع ذوي الاختصاص ومن خلال ذلك توصل الباحثون إلى مجموعة من النتائج كان أهمها ضرورة التفتيش الدوري على المنشآت الخطرة، ويعمل مصنع طيبة على تطبيق إجراءات الوقاية والسلامة في ظل الظروف الاقتصادية الصعبة، وأوصى الباحثون بضرورة تطوير آليات إدارة مخاطر المواد الخطرة في المنشآت الصناعية، وتوفير أجهزة فحص للمخلفات المتطايرة أثناء عمليات التصنيع.

The Ecological Risk Assessment of Bullacta Exarata Invasion in the Yellow River Delta

In recent years, the rapid economic development as well as the increase in people entering and exiting help to promote the introduction of alien species. Risk evaluation of alien species is the basis of developing risk management of alien species and one the most effective method to prevent the intrusion of alien species. Ecological risk of alien species Bullacta exarata in Yellow River Delta was evaluated by this article. The result shows that Bullacta exarata has certain effects on ecological environment in Yellow River Delta, but these effects are acceptable. However, we need to be cautious in development and also prevent significant effects of mass reproduction of mud snail on the local ecological environment.

Quality Risk Management Framework: Guidance for Successful Implementation of Risk Management in Clinical Development

Effective quality risk management is fundamental to ensuring the protection of human subjects and reliability of clinical trial results during the conduct of clinical trials. Quality risk management supports effective delivery of clinical development programs and ultimately delivery of treatments to patients. Thus, risk management is a core element of an effective quality management system (QMS) as described in the TransCelerate Clinical Quality Management System (CQMS) conceptual framework. In addition, the landscape of quality risk management in clinical development evolves as regulatory authorities adopt elements of risk management to promote proactive quality management. This paper’s goal is to provide a conceptual framework for quality risk management as part of a CQMS. The components of a quality risk management program are explored including foundational elements and quality risk management methods appropriate for clinical development.

Identification of critical risk factors in public-private partnership project phases in developing countries

Purpose Public‐private partnerships (PPPs) are being faced by risk threats, notwithstanding the fact that the PPP model has been structured in a way that the associated risks are shared by both the public and private sectors. Consequently, the sources of risk change over the PPP project phases. Thus, the purpose of this paper is to identify and assess the risk factors in PPP infrastructure project phases comprising development phase, construction phase, operation phase and project life cycle through an empirical approach. Design/methodology/approach The study adopted four different data-gathering approaches including literature review, desk review, brainstorming session and questionnaire survey. In order to capture a broad perception of stakeholders, the questionnaires were administered to three different stakeholder organizations to include public sector authorities (i.e. ministries, department and agencies), concessionaires and lenders/banks involved in different PPP infrastructure projects implementation in Nigeria. A total of 81 questionnaires were administered, out of which 63 were retrieved but after checking through the completed questionnaires, 60 questionnaires were found suitable for the analysis. Data collected were analyzed using descriptive statistics, mean score, Kruskal–Wallis test and the risk significance index in terms of severity and likelihood of occurrence conducted. Findings In total, 70 risk factors were identified with respect to PPP project phases and their relative importance was gauged. In addition, the analysis of total 70 risk factors in the development phase, construction phase, operation phase and project life cycle phase indicated that 51 risk factors are located in the yellow zone, which is considered as moderate and 19 risk factors are located in the red zone that are regarded as critical. Practical implications The identification of specific critical risk factors in each PPP project phase will provide a benchmark in developing risk management programs in developing countries. Originality/value These study findings would be useful for PPP stakeholders to focus their attention, priorities and leadership in managing these critical risk factors. Furthermore, the findings of this study are significant in providing an in-depth understanding of the current Nigeria’s PPP market environment, which is a true reflection of developing countries as a whole.

HYGIENIC ASSESSMENT OF WORKING CONDITIONS IN RADIO-ELECTRONIC COMPONENT PRODUCTION

Findings on the hygienic assessment of working conditions in radio-electronic component development and production at a modern enterprise producing capacitors, microcircuits, resistors and semiconductor devices are reported. Working conditions of employees engaged in radio-electronic component development (developers, designers) and production (photolithographers, wiremen, radio-electronic component and semiconductor device assemblers, adjusters and quality control inspectors) were studied. Hygienic studies of the working environment and working process factors were carried out to assess working conditions: workplace noise and magnetic field levels, microclimatic parameters, illuminance, the air pollution by chemicals. Time studies were performed to evaluate the heaviness and intensity of the work process. As a result of our studies, the main adverse factors were identified to assess worker health risks. Working conditions in job groups engaged in radio electronic component design were evaluated as harmful of 3 class, 1 degree. Working process intensity caused by sensory and mental load was found to be the major adverse factor. Working conditions in the job group engaged in experimental and small-scale production are characterized by exposure to “low-intensity factors”. Visual strain and fixed working posture are common for such jobs as radio electronic device wireman and quality control inspector using optical equipment in their work, which rates the heaviness of their working process as harmful working conditions. Our findings are intended to be used to define main harmful factors for the health risk assessment of radio component production workers, to carry out a comprehensive occupational health risk assessment, identifying job and long-term employment duration risk groups, to develop risk management measures. Our findings can provide a scientific rationale and contribute to the development of a complex of hygienic and preventive medical measures to be introduced into the practice of health protection service.

FROM SILO APPROACH TO RISK PORTFOLIO MANAGEMENT – A NEW WAY OF ANALYZING RISK IN AN ENTERPRISE

The paper presents the concept of risk portfolio management – a holistic approach to risk analysis. It summarizes current state of knowledge regarding examined topic. Assessment of the suitability of portfolio management approach in the enterprise risk management was based on review of the subject literature. The author makes an attempt to confirm the hypothesis of risk portfolio management being a necessary and key part of proper enterprise risk management. The first section of the article provides a brief overview of the evolution of risk management. In the succeeding sections, descriptions of two latest risk management approaches: the traditional, silo risk management and the Enterprise Risk Management (ERM) approach are followed by a presentation of the risk portfolio management concept, which is compared to stock portfolio management. The paper focuses on the kinds of dependencies between certain risks which should be particularly considered and the ways in which portfolio analysis can be used to enhance a company’s understanding of its risks and enable it to make better management decisions. The last section of this paper presents potential effects of the implementation of the portfolio approach, focusing on benefits of portfolio management in a company’s activities.

Occupational health and safety in cannabis production: an Australian perspective.

The legal Australian cannabis industry has been rapidly expanding due to increased awareness of the plant's therapeutic potential, as well its diverse range of applications including biofuel, textiles, building materials, food, nutritional supplement, and animal feed. The objective of this paper is to describe the current landscape of the commercial Australian cannabis industry, summarise occupational health and safety (OHS) hazards in cannabis-related working environments, and provide suggestions for safeguarding worker health and well-being in this emerging industry. A comprehensive search of peer-reviewed and grey literature published between 1900 and 2017 was undertaken to identify case studies and original epidemiological research on OHS hazards associated with the cannabis cultivation and the manufacture of cannabis-based products. The review found that the majority of OHS studies were undertaken in the hemp textile industry during the late twentieth century, with a small number of articles published from a variety of occupational environments including forensic laboratories and recreational marijuana farms. Cannabis harvesting and initial processing is labour intensive, and presents a physical hazard Depending on the operation, workers may also be exposed to a variety of biological, chemical, and physical hazards including: organic dusts, bioaerosols, pollen/allergens, volatile organic compounds, psychoactive substances (tetrahydrocannabinol [THC])), noise, and ultraviolet radiation. Little research has been undertaken on the exposure to inhalable organic dust and other bioaerosols during the commercial cultivation and manufacture of cannabis-based products. Furthermore, there is an absence of Australian-based research and OHS guidance materials to help professionals develop risk management strategies in this evolving industry. It is recommended that: Investigation into the toxicological properties of cannabis dusts, specifically in relation to potential occupational exposures during cultivation and manufacture, should be a priority. The interim adoption of the respirable cotton dust exposure standard of 0.2mg/m3 for workplace exposure in hemp facilities until a cannabis workplace exposure standard is developed, and that exposure to medicinal cannabis containing THC are kept as low as reasonably practicable. An industry partnership be established for the development of an Australian health and safety guideline for the production of medicinal cannabis and hemp. A classification to meet the requirements of the Global Harmonization Scheme should be undertaken to ensure consistency in the use of safety and risk phrases in cannabis-related industries.

The Effect of Information Technology Using Enterprise Security Risk Management

The philosophy of Enterprise Security Risk Management (ESRM) drives a risk-based approach to managing any security risks, physical or logical and holistically applies to every security process. There are globally established risk principles that are common among any developed risk management standard. This model associates the relationship of risk principles to the practice of managing security risks. The ESRM processes, when successfully and consistently adapted to a security program, will define what a progressive security program looks like, drive strategic through initiatives, build the business understanding of security’s role to develop a budgeting strategy, and initiate board-level, risk-based reporting. The management security leader's role in ESRM is to manage risks and unthinkable harm to enterprise assets and stockholder in partnership with the business leaders whose assets are exposed to those risks management. ESRM is part of educating business leaders on the realistic of impacts. These identified risks, presenting any potential strategies to mitigate those impacts, and enacting the option chosen by the business in line with acceptable levels of business risk tolerance. The present data should be used to showcase how our service helps identify, evaluate, and mitigate risks at face value that would be detrimental to a company’s long-term prosperity. We need to show how using our security risk management will ultimately benefit the company's work by improving policies and procedures and reducing other expenses through the use of risk principles management.

Nurses' perceptions of the root causes of community-acquired pressure ulcers: Application of the Model for Examining Safety and Quality Concerns in Home Healthcare.

To explore how the context of care influences the development of community-acquired pressure ulcers from the perspective of nurses working in home healthcare settings, to identify and categorise the factors perceived as contributing to the development of these ulcers using the Model for Examining Safety and Quality Concerns in Home Healthcare, and to explore how these risks are managed in practice. Pressure ulcer reduction is a priority in both hospital and community settings. Evidence suggests the factors affecting safety and performance in community settings are not the same as in hospital. However, research pertaining to pressure ulcer risk management has predominantly been undertaken in hospital settings. The study was framed by a qualitative exploratory design. Semistructured interviews were conducted with a purposive sample of 19 registered nurses recruited from an independent regional tissue viability network and five community nursing provider organisations in London. The experiences and perceptions of participants mapped onto the components of the Model for Examining Safety and Quality Concerns in Home HealthCare: patient characteristics, provider characteristics, nature of home healthcare tasks, social and community environment, medical devices and new technology, physical environment, and external environment. Four strategies to address identified risks were established: behavioural interventions, technical interventions, safeguarding interventions and initiatives to promote better integration between health, local authorities and families. Understanding the complex interplay between people and other elements of the healthcare system is critical to the prevention, management and investigation of pressure ulcers. This study has illuminated these elements from the perspective of nurses working in community settings. Further consideration should be given to the importance of place when both developing risk management strategies for pressure ulcer prevention and learning the lessons from failure.

Development of Production Machines With Respect to the Human Factors

Abstract The inappropriate adaptation of the machinery to human properties and abilities may result both in physiological effects on the operator (e.g. muscle skeletal damage) resulting, for example, from inappropriate body posture, excessive or repeated exertion, and also in psycho-physiological effects such as mental overload or insufficient workload or stress, which may occur due to the operation, inspection or maintenance of the machine within the limits of its intended use. Psycho-physiological effects can lead to an increase in operator’s errors, lower safety or quality, thus directly affecting the quality of the production process. For these reasons, the ergonomics needs to be of high importance. The submitted paper describes the use of advanced virtual reality technologies and risk management in machine development.

BAHAYA KERJA PENGOLAHAN RSS (RIBBED SMOKE SHEET) MENGGUNAKAN METODE HAZARD IDENTIFICATION AND RISK ASSESSMENT DI PT. PQR

Occupational Safety and Health is the primary means of prevention of occupational accidents, disabilities and deaths so that the consequences of occupational accidents from potential hazards can be prevented. Companies need to develop risk management based on hazard identification and risk assessment compiled in occupational safety and health programs. Occupational health and safety risk management is an effort of hazard management which potentially pose a risk to safety and health to prevent unwanted accident. The data collected in this research is primary data and secondary data. Primary data obtained through direct observation on the floor processing RSS (Ribbed Smoke Sheet) at PT. PQR is useful to observe the potential hazards of work contained in the work area. While the secondary data taken in this study is historical data. The result of determining the risk value for each hazard source contained in PT. PQR is classified by rankings marked with the code E (extreme risk), H (high risk), M (moderate risk), and L (low risk). This is obtained by comparing the severity and probability values of each process / activity. Of the 28 activities, there are 7 activities included in the category of high risk. Process / activity that belonged to high risk is necessary to control to minimize or even eliminate the existing risks. control measures that can be performed on a high risk process / activity is to use a complete Personal Protective Equipment (APD), MSDS, using warning signs, using ladders in sheet sheets, with ergonomic work posture.Factors causing potential work hazards are workers who perform activities of inadvertent, high temperatures, and negligence of workers in using PPE. These control measures are expected to reduce and even eliminate the risk of the process / activity classified as high risk so that the number of workplace accidents can be reduced.

THE DEVELOPMENT OF A ROBUST RISK MANAGEMENT PLAN FOR THE CONTINUOUS SUPPLY OF WATER TO HOSPITALS IN THE WESTERN CAPE PROVINCE

The objective of this research is to develop a robust water supply risk management and response plan for Somerset Hospital that reflects the institution’s specific requirements, and to prepare general guidelines for the Western Cape Government Health Department in order to assist in developing risk management and response plans for all of its health care facilities. This will enable the Western Cape Government Health Department to be resilient in withstanding gradual systemic shocks and major crises in the supply of water to hospitals. The methodology is based on ISO 31000:2009, but it extends the approach using historical evaluations and a business impact analysis. Through the research it has become evident that one public sector in South Africa still lacks proper risk management planning, and that, on the whole, there is a global void in research into water resilience, especially that focusing on health care facilities.

Developing risk management treatments for taro from the Pacific Islands

Most taro imported from the Pacific are currently fumigated with toxic methyl bromide to kill pests, predominantly mites and nematodes that are generally found on the surface of taro. Combined high-pressure washing (HPW) and hot water treatment (HWT) were examined as alternative methods for disinfesting taro. Taro mites (Rhizoglyphus sp.) and root knot nematodes (Meloidogyne sp.) were exposed to a range of HWT and HPW conditions separately or together. At 47˚C, mean lethal times of 2.6—2.9 mins and 3.9—4.1 mins were estimated to control 99% and 99.99% of nymph and adult mites, respectively. Mite nymphs and adults were more tolerant to HWT than mite eggs. The mean lethal time estimate to control 99% of juvenile nematodes was 4.5 mins. Nematode eggs were the most tolerant life stage with only 10% mortality after a 4-min 47˚C HWT. HPW+HWT reduced heavy infestations of mobile pests on taro (n=30—117/taro) by 100%. HPW followed by HWT 50˚C for 12.5 mins reduced viable egg infestation by 95.8%. HPW followed by HWT can control surface pests on taro while maintaining taro quality.

Enterprise Risk Management in MSME Units–A Study on the Indian Scenario

The Micro, Small&Medium Enterprise [MSME] sector occupies a prominent position in the Indian economy. This sector offers some unique features like high employment generation capacity, significant contribution to the GDP and foreign exchange earnings of the nation as well as the power to remove regional imbalances in industrialization. The MSME units cater to markets inaccessible to or ignored by large industries. However, in spite of such benefits, the units in the MSME sector suffer from certain inherent limitations which, coupled with adverse factors external to the units, bring about business failures and hinder the development of this sector. Traditional risk management approach envisages application of advanced and complex quantitative techniques which is usually beyond the capacity of entrepreneurs of MSME sector in India. This paper aims to suggest a qualitative approach towards implementing Enterprise Risk Management (ERM) for sustainable development of the MSME units in India through the process of certain pro-active decision making.

Quantitative Microbial Risk Assessment and Opportunist Waterborne Infections⁻Are There Too Many Gaps to Fill?

Quantitative microbial risk assessment (QMRA) is a relatively new approach in identifying health risks associated with the ubiquitous presence of pathogens and opportunists in the human environment. The methodology builds on experimental and meta-analytical data to identify measurable factors that contribute to, and can quantify, the likely extent of disease given a particular exposure. Early modelling was particularly focused on food-borne disease, and subsequently water-borne disease, with the emphasis focused on ingestion and its role in enteric disease. More recently, there has been a focus on translating these principles to opportunist waterborne infections (OWI) with primary focus on Legionella spp. Whereas dose and susceptibility are well documented via the ingestion route of exposure there is considerably less certainty regarding both factors when understanding Legionella spp. and other OWI. Many OWI can arise through numerous routes of transmission with greatly differing disease presentations. Routes of Legionella spp. infection do not include ingestion, but rather aspiration and inhalation of contaminated water are the routes of exposure. The susceptible population for OWI is a vulnerable sub-set of the population unlike those associated with enteric disease pathogens. These variabilities in dose, exposure and susceptibility call in to question whether QMRA can be a useful tool in managing risks associated with OWI. Consideration of Legionella spp. as a well-documented subject of research calls into question whether QMRA of OWI is likely to be a useful tool in developing risk management strategies.

Математическая модель разработки методики управления рисками в GRC-решении для организаций банковской системы РФ и ее решение

Математическая модель разработки методики управления рисками в GRC-решении для организаций банковской системы РФ и ее решение

INFLUENCE OF INTEGRATED MANAGEMENT SYSTEM ON RISK MANAGEMENT SYSTEM

The concept of risk has always been implicitly incorporated into the structure of ISO 9001, but the publication of the latest version of standard ISO 9001:2015 set the risk management in the spotlight. On the other hand standards such as ISO 14001 and OHSAS 18001 have always had explicit requirements regarding the risk assessment of certain elements of the company business. That implies that the existence of integrated management system should improve and develop risk management system of the company. This hypothesis was a starting point for this paper, which should give a direct answer what is the correlation between integrated management system and risk management system in the company. Based on theoretical considerations and practical experience, the authors provided an overview of quality management dimensions and risk management dimensions and their interrelations. This paper provides the results of a survey conducted in 50 ISO certified companies in region, which were analyzed and corresponding conclusions were made.

Characterising the vertical separation of shale-gas source rocks and aquifers across England and Wales (UK)

Shale gas is considered by many to have the potential to provide the UK with greater energy security, economic growth and jobs. However, development of a shale gas industry is highly contentious due to environmental concerns including the risk of groundwater pollution. Evidence suggests that the vertical separation between exploited shale units and aquifers is an important factor in the risk to groundwater from shale gas exploitation. A methodology is presented to assess the vertical separation between different pairs of aquifers and shales that are present across England and Wales. The application of the method is then demonstrated for two of these pairs—the Cretaceous Chalk Group aquifer and the Upper Jurassic Kimmeridge Clay Formation, and the Triassic sandstone aquifer and the Carboniferous Bowland Shale Formation. Challenges in defining what might be considered criteria for ‘safe separation’ between a shale gas formation and an overlying aquifer are discussed, in particular with respect to uncertainties in geological properties, aquifer extents and determination of socially acceptable risk levels. Modelled vertical separations suggest that the risk of aquifer contamination from shale exploration will vary greatly between shale–aquifer pairs and between regions and this will need to be considered carefully as part of the risk assessment and management for any shale gas development.

Liquefaction potential mapping in Dholera region of western India

Liquefaction is one of the most destructive secondary effects caused by large earthquakes, which is most common in saturated soil deposits. In the present study, liquefaction potentials of soils in the southern part of Ahmedabad district of Gujarat state in western India are determined and a liquefaction potential map is prepared. For preparing this map, we studied lithology of the area, geotechnical soil properties, standard penetration resistance (N1)60, ground water level and peak ground acceleration. The liquefaction potential was determined using Japan Road Association method based on standard penetration test (SPT). We analyzed data from 63 boreholes for estimating liquefaction potential. N-value correction for SPT was carried out and normalized to achieve a standardized value of (N1)60. Peak ground acceleration (PGA) levels of 0.19 and 0.30 g are considered for the analysis. The results of the analyses indicate that the presence of predominantly clayey soil with high plasticity does not give high liquefaction. The liquefaction potential index maps are produced which can be used effectively for development plans and risk management practices in this area.