Sample records for reliability risk management

  1. Advances in Safety, Reliability and Risk Management -Proceedings of the European Safety and Reliability Conference, ESREL 2011 -European Safety and Reliability Conference: Advances in Safety, Reliability and

    E-print Network

    Paris-Sud XI, Université de

    Advances in Safety, Reliability and Risk Management - Proceedings of the European Safety, Reliability and Risk Management, ESREL 2011, Troyes : France (2011) In France, more than 99% of failed is global risk management. This allows analysis of the major risks faced by the busi- ness (loss

  2. Commentary: Risk Management and Reliability Design for Buildings

    SciTech Connect

    Berry, Dennis L.; Cranwell, Robert M.; Hunter, Regina L.

    1999-05-28

    Where there is a significant actuarial basis for decision making (e.g., the occurrence of fires in single-family dwellings), there is little incentive for formal risk management. Formal risk assessments are most useful in those cases where the value of the structure is high, many people may be affected, the societal perception of risk is high, consequences of a mishap would be severe, and the actuarial uncertainty is large. For these cases, there is little opportunity to obtain the necessary experiential data to make informed decisions, and the consequences in terms of money, lives, and societal confidence are severe enough to warrant a formal risk assessment. Other important factors include the symbolic value of the structure and vulnerability to single point failures. It is unlikely that formal risk management and assessment practices will or should replace the proven institutions of building codes and engineering practices. Nevertheless, formal risk assessment can provide valuable insights into the hazards threatening high-value and high-risk (perceived or actual) buildings and structures, which can in turn be translated into improved public health, safety, and security. The key is to choose and apply the right assessment tool to match the structure in question. Design-for-reliability concepts can be applied to buildings, bridges, transportation sys- tems, dams, and other structures. The use of these concepts could have the dual benefits of lowering life-cycle costs by reducing the necessity for maintenance and repair and of enhancing the saiiety and security of the structure's users.

  3. Rescue Missions and Risk Management: Highly Reliable or Over Committed?

    Microsoft Academic Search

    John S. Ash; Clive Smallman

    2008-01-01

    Management in rescue organizations are often faced by conflicts between a spectrum of emergency types, and legal duties to ensure rescuer safety on the incident ground. Drawing on two case studies we consider how rescuers react to cues in order to make sense of unsafe work environments and so make decisions in emergency situations. We explore problems of over-commitment by

  4. A human factors and reliability approach to clinical risk management: Evidence from Italian cases

    Microsoft Academic Search

    Chiara Verbano; Federica Turra

    2010-01-01

    Similarly to the industrial sector in the late 1980s, nowadays leading organizations in the healthcare sector acknowledge the fact that human errors, adverse events and system failures must be managed and controlled. Whilst Human Reliability Analysis (HRA) has been well-accepted and integrated into safety management processes in other industries, the application of such error techniques to the problem of managing

  5. Risk Management

    NASA Technical Reports Server (NTRS)

    Thomas, Lloyd

    1998-01-01

    This presentation focuses on the identification of risk management, risk management processes such as: quantification and prioritization; mitigation planning; implementation of risk reduction; and tracking process. It develops examples and answers questions about Risk Management.

  6. Risk Management.

    ERIC Educational Resources Information Center

    Randal, L. Nathan

    This chapter of "Principles of School Business Management" presents an overview of risk management for school districts. The chapter first discusses four fundamental elements of risk management: (1) identifying and measuring risks; (2) reducing or eliminating risks; (3) transferring unassumable risks; and (4) assuming remaining risks. The chapter…

  7. Project Risk Management

    NASA Technical Reports Server (NTRS)

    Jr., R. F. Miles

    1995-01-01

    Project risk management is primarily concerned with performance, reliability, cost, and schedule. Environmental risk management is primarily concerned with human health and ecological hazards and likelihoods. This paper discusses project risk management and compares it to environmental risk management, both with respect to goals and implementation. The approach of the Jet Propulsion Laboratory to risk management is presented as an example of a project risk management approach that is an extension to NASA NHB 7120.5: Management of Major System Programs and Projects.

  8. Reliability of objects in aerospace technologies and beyond: Holistic risk management approach

    NASA Astrophysics Data System (ADS)

    Shai, Yair; Ingman, D.; Suhir, E.

    A “ high level” , deductive-reasoning-based (“ holistic” ), approach is aimed at the direct analysis of the behavior of a system as a whole, rather than with an attempt to understand the system's behavior by conducting first a “ low level” , inductive-reasoning-based, analysis of the behavior and the contributions of the system's elements. The holistic view on treatment is widely accepted in medical practice, and “ holistic health” concept upholds that all the aspects of people's needs (psychological, physical or social), should be seen as a whole, and that a disease is caused by the combined effect of physical, emotional, spiritual, social and environmental imbalances. Holistic reasoning is applied in our analysis to model the behavior of engineering products (“ species” ) subjected to various economic, marketing, and reliability “ health” factors. Vehicular products (cars, aircraft, boats, etc.), e.g., might be still robust enough, but could be out-of-date, or functionally obsolete, or their further use might be viewed as unjustifiably expensive. High-level-performance functions (HLPF) are the essential feature of the approach. HLPFs are, in effect, “ signatures” of the “ species” of interest. The HLPFs describe, in a “ holistic” , and certainly in a probabilistic, way, numerous complex multi-dependable relations among the representatives of the “ species” under consideration. ; umerous inter-related “ stresses” , both actual (“ physical” ) and nonphysical, which affect the probabilistic predictions are inherently being taken into account by the HLPFs. There is no need, and might even be counter-productive, to conduct tedious, time- and labor-consuming experimentations and to invest significant amount of time and resources to accumulate “ representative statistics” to predict - he governing probabilistic characteristics of the system behavior, such as, e.g., life expectancy of a particular type of products. “ Species” of military aircraft, commercial aircraft and private cars have been chosen in our analysis as illustrations of the fruitfulness of the “ holistic” approach. The obtained data show that both commercial “ species” exhibit similar “ survival dynamics” in compare with those of the military species of aircraft: lifetime distributions were found to be Weibull distributions for all “ species” however for commercial vehicles, the shape parameters were a little higher than 2, and scale parameters were 19.8 years (aircraft) and 21.7 (cars) whereas for military aircraft, the shape parameters were much higher and the mean time to failure much longer. The difference between the lifetime characteristics of the “ species” can be attributed to the differences in the social, operational, economic and safety-and-reliability requirements and constraints. The obtained information can be used to make tentative predictions for the most likely trends in the given field of vehicular technology. The following major conclusions can be drawn from our analysis: 1) The suggested concept based on the use of HLPFs reflects the current state and the general perceptions in the given field of engineering, including aerospace technologies, and allows for all the inherent and induced factors to be taken into account: any type of failures, usage profiles, economic factors, environmental conditions, etc. The concept requires only very general input data for the entire population. There is no need for the less available information about individual articles. 2) Failure modes are not restricted to the physical type of failures and include economic, cultural or social effects. All possible causes, which might lead to making a decision to terminate the use of a particular type

  9. A Methodology for Architecture-Level Reliability Risk Analysis

    Microsoft Academic Search

    Sherif M. Yacoub; Hany H. Ammar

    2002-01-01

    Abstract?isk assessment is an essential process of every software risk management plan. Several risk assessment techniques are based on the subjective judgement of domain experts. Subjective risk assessment techniques are human intensive and error-prone. Risk assessment should be based on product attributes that we can quantitatively measure using product metrics. This paper presents a methodology for reliability risk assessment at

  10. FINANCE & RISKS INSURANCE RISK MANAGEMENT

    E-print Network

    Vermet, Franck

    FINANCE & RISKS INSURANCE RISK MANAGEMENT Université d'été de l'institut des Actuaires Eléments de 2013 2014 Expected Value 250 249 245 243 Market Risk 59 57 55 53 Credit Risk - - - - Life Underwriting Risk 6 5 5 4 Health Underwriting Risk 39 35 30 26 Non-Life Underwriting Risk 18 16 14 12 Operational

  11. February 2002 RISK MANAGEMENT

    E-print Network

    management processes which support sound risk-based decision-making. Risk management is an essential. Risk management encompasses three processes: risk assessment, risk miti gation, and evaluation and assess ment. Risk management is the process that allows IT managers to balance the operational

  12. NASA's Risk Management System

    NASA Technical Reports Server (NTRS)

    Perera, Jeevan S.

    2011-01-01

    Leadership is key to success. Phased-approach for implementation of risk management is necessary. Risk management system will be simple, accessible and promote communication of information to all relevant stakeholders for optimal resource allocation and risk mitigation. Risk management should be used by all team members to manage risks -- risk office personnel. Each group is assigned Risk Integrators who are facilitators for effective risk management. Risks will be managed at the lowest-level feasible, elevate only those risks that require coordination or management from above. Risk reporting and communication is an essential element of risk management and will combine both qualitative and quantitative elements. Risk informed decision making should be introduced to all levels of management. Provide necessary checks and balances to insure that risks are caught/identified and dealt with in a timely manner. Many supporting tools, processes & training must be deployed for effective risk management implementation. Process improvement must be included in the risk processes.

  13. Enterprise Risk Management Program

    E-print Network

    Hayden, Nancy J.

    Enterprise Risk Management Program DRAFT Introduction to Enterprise Risk Management at UVM 1 #12;Enterprise Risk Management Program DRAFT What is Enterprise Risk Management? Enterprise risk management is a structured, consistent, and continuous process across the whole organization for identifying, assessing

  14. Quantification of risks from technology for improved plant reliability

    SciTech Connect

    Rode, D.M.

    1996-12-31

    One of the least understood and therefore appreciated threats to profitability are risks from power plant technologies such as steam generators, turbines, and electrical systems. To effectively manage technological risks, business decisions need to be based on knowledge. The scope of the paper describes a quantification or risk process that combines technical knowledge and judgments with commercial consequences. The three principle alternatives to manage risks as well as risk mitigation techniques for significant equipment within a power plant are reported. The result is to equip the decision maker with a comprehensive picture of the risk exposures enabling cost effective activities to be undertaken to improve a plant`s reliability.

  15. BUILDING A RISK MANAGEMENT PLAN BUILDING A RISK MANAGEMENT PL LDING A RISK MANAGEMENT PLAN BUILDING A RISK MANAGEMENT PLAN

    E-print Network

    Florida, University of

    BUILDING A RISK MANAGEMENT PLAN BUILDING A RISK MANAGEMENT PL LDING A RISK MANAGEMENT PLAN BUILDING A RISK MANAGEMENT PLAN MANAGEMENT PLAN BUILDING A RISK MANAGEMENT PLAN BUILDING A R RISK MANAGEMENT PLAN BUILDING A RISK MANAGEMENT PLAN BUILDIN T PLAN BUILDING A RISK MANAGEMENT PLAN BUILDING A RISK MANAGEM

  16. Reevaluating Interrater Reliability in Offender Risk Assessment

    ERIC Educational Resources Information Center

    van der Knaap, Leontien M.; Leenarts, Laura E. W.; Born, Marise Ph.; Oosterveld, Paul

    2012-01-01

    Offender risk and needs assessment, one of the pillars of the risk-need-responsivity model of offender rehabilitation, usually depends on raters assessing offender risk and needs. The few available studies of interrater reliability in offender risk assessment are, however, limited in the generalizability of their results. The present study…

  17. NASA's Risk Management System

    NASA Technical Reports Server (NTRS)

    Perera, Jeevan S.

    2013-01-01

    Phased-approach for implementation of risk management is necessary. Risk management system will be simple, accessible and promote communication of information to all relevant stakeholders for optimal resource allocation and risk mitigation. Risk management should be used by all team members to manage risks - not just risk office personnel. Each group/department is assigned Risk Integrators who are facilitators for effective risk management. Risks will be managed at the lowest-level feasible, elevate only those risks that require coordination or management from above. Risk informed decision making should be introduced to all levels of management. ? Provide necessary checks and balances to insure that risks are caught/identified and dealt with in a timely manner. Many supporting tools, processes & training must be deployed for effective risk management implementation. Process improvement must be included in the risk processes.

  18. Risk Management Strategy Introduction

    E-print Network

    Edinburgh, University of

    Risk Management Strategy Introduction 1. The risk of adverse consequences is inherent in all activity. Dynamic enterprise will inevitably create new risks. Risk management is about ensuring that all significant relevant risks are understood and prioritised as part of normal management

  19. Integrated risk management

    NASA Technical Reports Server (NTRS)

    Hunsucker, J. L.

    1993-01-01

    The purpose of this report is to first present a basis or foundation for the building of an integrated risk management plan and them to present the plan. The integration referred to is across both the temporal and the hierarchical dimensions. Complexity, consequence, and credibility seem to be driving the need for the consideration of risk. Reduction of personal bias and reproducibility of the decision making process seem to be driving the consideration of a formal risk plan. While risk can be used as either a selection tool or a control tool, this paper concentrates on the selection usage. Risk relies on stated purpose. The tightness of the definition of purpose and success is directly reflected in the definition and control of risk. Much of a risk management plan could be designed by the answers to the questions of why, what, who, when, and where. However, any plan must provide the following information about a threat or risk: likelihood, consequence, predictability, reliability, and reproducibility. While the environment at NASA is seen as warm, but not hot, for the introduction of a risk program, some encouragement is seen if the following problems are addressed: no champion, no commitment of resource, confused definitions, lack of direction and focus, a hard sell, NASA culture, many choices of assessment methods, and cost. The plan is designed to follow the normal method of doing work and is structured to follow either the work break down structure or a functional structure very well. The parts of the plan include: defining purpose and success, initial threat assessment, initial risk assessment, reconciling threats and parameters, putting part of the information down and factoring the information back into the decision process as it comes back up, and developing inferences. Two major suggestions are presented. One is to build an office of risk management to be used as a resource by managers in doing the risk process. Another is to form a pilot program to try out the details in the plan and modify the method where needed.

  20. Managing Risks

    ERIC Educational Resources Information Center

    Osborn, John E.

    2006-01-01

    Colleges and universities face a wide range of environmental risk. In spite of this, with proper planning, they can avoid emergencies or surprises. Advanced planning, coupled with strategic, technical environmental and legal advice, enable higher-education institutions to keep their environmental budgets under control and predictable. This article…

  1. Bayesian Inference for NASA Probabilistic Risk and Reliability Analysis

    NASA Technical Reports Server (NTRS)

    Dezfuli, Homayoon; Kelly, Dana; Smith, Curtis; Vedros, Kurt; Galyean, William

    2009-01-01

    This document, Bayesian Inference for NASA Probabilistic Risk and Reliability Analysis, is intended to provide guidelines for the collection and evaluation of risk and reliability-related data. It is aimed at scientists and engineers familiar with risk and reliability methods and provides a hands-on approach to the investigation and application of a variety of risk and reliability data assessment methods, tools, and techniques. This document provides both: A broad perspective on data analysis collection and evaluation issues. A narrow focus on the methods to implement a comprehensive information repository. The topics addressed herein cover the fundamentals of how data and information are to be used in risk and reliability analysis models and their potential role in decision making. Understanding these topics is essential to attaining a risk informed decision making environment that is being sought by NASA requirements and procedures such as 8000.4 (Agency Risk Management Procedural Requirements), NPR 8705.05 (Probabilistic Risk Assessment Procedures for NASA Programs and Projects), and the System Safety requirements of NPR 8715.3 (NASA General Safety Program Requirements).

  2. Improving Distribution System Reliability Through Risk-base Doptimization of Fault Management and Improved Computer-based Fault Location

    E-print Network

    Dong, Yimai

    2013-11-07

    that the proposed optimization is capable of improving system reliability by reducing the mean and variance of outage cost calculated over the simulated years. iv DEDICATION To my husband Dr. Ce Zheng and my son Kevin. v ACKNOWLEDGEMENTS I would... Distribution Fault Location” by Y. Dong, C. Zheng and M. Kezunovic, 2013. IEEE Trans. Power Delivery, vol.28, pp.1202-1212, ©2012 IEEE, with permission from IEEE. 18 fault resistance. In [28] Lotfifard et al. assumed post-fault phase angle shifts...

  3. Real Time Grid Reliability Management 2005

    SciTech Connect

    Eto, Joe; Eto, Joe; Lesieutre, Bernard; Lewis, Nancy Jo; Parashar, Manu

    2008-07-07

    The increased need to manage California?s electricity grid in real time is a result of the ongoing transition from a system operated by vertically-integrated utilities serving native loads to one operated by an independent system operator supporting competitive energy markets. During this transition period, the traditional approach to reliability management -- construction of new transmission lines -- has not been pursued due to unresolved issues related to the financing and recovery of transmission project costs. In the absence of investments in new transmission infrastructure, the best strategy for managing reliability is to equip system operators with better real-time information about actual operating margins so that they can better understand and manage the risk of operating closer to the edge. A companion strategy is to address known deficiencies in offline modeling tools that are needed to ground the use of improved real-time tools. This project: (1) developed and conducted first-ever demonstrations of two prototype real-time software tools for voltage security assessment and phasor monitoring; and (2) prepared a scoping study on improving load and generator response models. Additional funding through two separate subsequent work authorizations has already been provided to build upon the work initiated in this project.

  4. Risk Management in EVA

    NASA Technical Reports Server (NTRS)

    Hall, Jonathan; Lutomski, M.

    2006-01-01

    This viewgraph presentation reviews the use of risk management in Extravehicular Activities (EVA). The contents include: 1) EVA Office at NASA - JSC; 2) EVA Project Risk Management: Why and When; 3) EVA Office Risk Management: How; 4) Criteria for Closing a Risk; 5) Criteria for Accepting a Risk; 6) ISS IRMA Reference Card Data Entry Requirement s; 7) XA/ EVA Office Risk Activity Summary; 8) EVA Significant Change Summary; 9) Integrated Risk Management Application (XA) Matrix, March 31, 2004; 10) ISS Watch Item: 50XX Summary Report; and 11) EVA Project RM Usefulness

  5. Software Risk Management

    Microsoft Academic Search

    Barry W. Boehm

    1989-01-01

    Although software risk management is not yet a fully articulated discipline, its contributions to date have helped many software projects avoid devastating pitfalls and reach successful conclusions. The techniques of risk assessment and risk control outlined here stimulate a \\

  6. Enterprise Risk Management Program

    E-print Network

    Hayden, Nancy J.

    ...........26 List of Figures Figure 1: The Risk Management Process.......................................................................................................12 #12; 1 Overview The risk management process--of identifying, analyzing, evaluating Assessment & Response deals with the first steps 1 through 5 of the risk management process shown in Figure 1

  7. Risk & QualityRisk & Quality ManagementManagement

    E-print Network

    Risk & QualityRisk & Quality ManagementManagement Jorge A. Martinez, MD, JDJorge A. Martinez, MD of Medicine #12;Risk ManagementRisk Management ·· 19701970''s: Term coined by insurances: Term coined organizations #12;Risk ManagementRisk Management ""[T]he process of protecting[T]he process of protecting anan

  8. Reliability management in a nuclear power plant

    Microsoft Academic Search

    Peter KOKOL; Bojan NOVAK; Andrej KUNEJ

    1992-01-01

    Considering the potential efficiency of reliability-centered maintenance in the nuclear power industry, a pilot project concerning electrical components was started in the Krsko nuclear power plant in Slovenia. In this project the reliability management was automated with a software system called REMASOS (reliability maintenance software system) which runs effectively and efficiently on low-cost personal computers

  9. Risk management in gynaecology

    Microsoft Academic Search

    V. P Argent

    2004-01-01

    Risk management has become an integral part of the practice of gynaecology. The identification and management of risk contributes to evidence-based clinical practice and produces the best outcome for the patient. A risk may affect the patient, staff or the corporate organization resulting in harm to the health of the patients or staff, and damage to the reputations of staff

  10. Risk management in gynaecology

    Microsoft Academic Search

    V. Argent

    2001-01-01

    Risk management has become an integral part of the practice of gynaecology. The identification and management of risk contributes to evidence-based clinical practice and produces the best outcome for the patient. A risk may affect the patient, the staff or the corporate organization resulting in harm to the health of the patients or staff, damage to the reputations of staff

  11. Risk Management Implementation Tool

    NASA Technical Reports Server (NTRS)

    Wright, Shayla L.

    2004-01-01

    Continuous Risk Management (CM) is a software engineering practice with processes, methods, and tools for managing risk in a project. It provides a controlled environment for practical decision making, in order to assess continually what could go wrong, determine which risk are important to deal with, implement strategies to deal with those risk and assure the measure effectiveness of the implemented strategies. Continuous Risk Management provides many training workshops and courses to teach the staff how to implement risk management to their various experiments and projects. The steps of the CRM process are identification, analysis, planning, tracking, and control. These steps and the various methods and tools that go along with them, identification, and dealing with risk is clear-cut. The office that I worked in was the Risk Management Office (RMO). The RMO at NASA works hard to uphold NASA s mission of exploration and advancement of scientific knowledge and technology by defining and reducing program risk. The RMO is one of the divisions that fall under the Safety and Assurance Directorate (SAAD). I worked under Cynthia Calhoun, Flight Software Systems Engineer. My task was to develop a help screen for the Continuous Risk Management Implementation Tool (RMIT). The Risk Management Implementation Tool will be used by many NASA managers to identify, analyze, track, control, and communicate risks in their programs and projects. The RMIT will provide a means for NASA to continuously assess risks. The goals and purposes for this tool is to provide a simple means to manage risks, be used by program and project managers throughout NASA for managing risk, and to take an aggressive approach to advertise and advocate the use of RMIT at each NASA center.

  12. Risk Management Plan

    SciTech Connect

    G. R. Stephenson

    2001-12-01

    The purpose of this Risk Management Plan (RMP) is to establish the concept and define the process to assure that National Nuclear Security Administration Nevada Operations Office Environmental Management (NNSA/NV EM) programs and projects incorporate appropriate, efficient, cost-effective measures to mitigate the impact of program-and/or project-related risks. In addition, it describes the roles and responsibilities of program personnel in performing the risk management functions, and defines reporting and tracking requirements for risk-related information. The product of this risk analysis will be a risk analysis report listing the various risks with their classification, mitigation and handling strategies, impact on cost and schedule, and action items. The risk management process will identify potential risk sources; assess individual risks and impacts on performance, cost, and schedule; evaluate alternative approaches to mitigate high and moderate risks; develop action plans to handle individual risks; and interface risks with other programs and/or projects. Risk management and risk assessment will be consistent with DOE Orders 430.1 and 413.3 and their associated guidance documentation. The RMP will remain valid for the life cycle of the program and/or projects and will be under configuration control with revisions to be conducted as required and approved.

  13. Probabilistic Methods for Structural Reliability and Risk

    NASA Technical Reports Server (NTRS)

    Chamis, Christos C.

    2007-01-01

    A formal method is described to quantify structural reliability and risk in the presence of a multitude of uncertainties. The method is based on the materials behavior level where primitive variables with their respective scatters are used to describe that behavior. Computational simulation is then used to propagate those uncertainties to the structural scale where reliability and risk are usually specified. A sample case is described to illustrate the effectiveness, versatility, and maturity of the method. Typical results from this method demonstrate that the method is mature and that it can be used for future strategic projections and planning to assure better, cheaper, faster products for competitive advantages in world markets. The results also indicate that the methods are suitable for predicting remaining life in aging or deteriorating structures.

  14. Perspectives: Intellectual Risk Management

    ERIC Educational Resources Information Center

    Hall, James C.

    2013-01-01

    Ask a college administrator about students and risk management, and you're likely to get a quick and agitated speech about alcohol consumption and bad behavior or a meditation on mental health and campus safety. But in colleges and universities, we manage intellectual risk-taking too. Bring that up, and you'll probably get little out of that same…

  15. Risk management planning handbook

    SciTech Connect

    Greenway, R.

    1998-12-31

    Subtitled ``A Comprehensive Guide to Hazard Assessment, Accidental Release Prevention and Consequence Analysis,`` this new book will help companies be prepared to meet the mid-1999 deadline for Risk Management Plan submission. The book offers specific, cost-effective recommendations on preparing and implementing risk management programs, identifying worst-case emissions using what if computer modeling.

  16. Reliability analysis for data management systems

    NASA Technical Reports Server (NTRS)

    Huang, Y.

    1977-01-01

    Report describes approach that uses computer model and can determine configurations with optimum reliability and least cost. Approach in application to modelling computer-controlled data management systems differs from conventional reliability analysis in that it considers systems organized around data base and looks at systems from equipment level rather than from component level.

  17. Risk Management: Defusing the Dragon.

    ERIC Educational Resources Information Center

    Ewert, Alan; Boone, Timothy

    1987-01-01

    Discusses risk-management planning from the perspectives of the current state of risk-management, assumption of risk defense, participant and public attitudes, and specific techniques for constructing a risk-management plan. Offers practical suggestions for limiting risk and liability. Provides sample assumption of risk/liability release form.…

  18. Energy price risk management

    Microsoft Academic Search

    Rafal Weron; Hugo Steinhaus

    2000-01-01

    The price of electricity is far more volatile than that of other commodities normally noted for extreme volatility. Demand and supply are balanced on a knife-edge because electric power cannot be economically stored, end user demand is largely weather dependent, and the reliability of the grid is paramount. The possibility of extreme price movements increases the risk of trading in

  19. Managing Reliability in the 21st Century

    SciTech Connect

    Dellin, T.A.

    1998-11-23

    The rapid pace of change at Ike end of the 20th Century should continue unabated well into the 21st Century. The driver will be the marketplace imperative of "faster, better, cheaper." This imperative has already stimulated a revolution-in-engineering in design and manufacturing. In contrast, to date, reliability engineering has not undergone a similar level of change. It is critical that we implement a corresponding revolution-in-reliability-engineering as we enter the new millennium. If we are still using 20th Century reliability approaches in the 21st Century, then reliability issues will be the limiting factor in faster, better, and cheaper. At the heart of this reliability revolution will be a science-based approach to reliability engineering. Science-based reliability will enable building-in reliability, application-specific products, virtual qualification, and predictive maintenance. The purpose of this paper is to stimulate a dialogue on the future of reliability engineering. We will try to gaze into the crystal ball and predict some key issues that will drive reliability programs in the new millennium. In the 21st Century, we will demand more of our reliability programs. We will need the ability to make accurate reliability predictions that will enable optimizing cost, performance and time-to-market to meet the needs of every market segment. We will require that all of these new capabilities be in place prior to the stint of a product development cycle. The management of reliability programs will be driven by quantifiable metrics of value added to the organization business objectives.

  20. Today's School Risk Manager

    ERIC Educational Resources Information Center

    Johnson, Cheryl P.; Levering, Steve

    2009-01-01

    School districts are held accountable not only for the monies that contribute to the education system but also for mitigating any issues that threaten student learning. Some school districts are fortunate to have professional risk managers on staff who can identify and control the many risks that are unique to school systems. Most schools,…

  1. Holonic risk management framework

    Microsoft Academic Search

    Mihaela Ulieru; Paul Worthington

    2005-01-01

    The purpose of this work is to develop an adaptive risk management framework capable of preventing, identifying and responding in critical time to threats. Our focus is on protecting critical infrastructure (e.g. public utilities) which depends vitally on network and information security. As a solution we propose a holonic cybersecurity system that unfolds into an emergency response management infrastructure capable

  2. Risk management in surgery

    PubMed Central

    MESSANO, G.A.; SPAZIANI, E.; TURCHETTA, F.; CECI, F.; CORELLI, S.; CASCIARO, G.; MARTELLUCCI, A.; COSTANTINO, A.; NAPOLEONI, A.; CIPRIANI, B.; NICODEMI, S.; DI GRAZIA, C.; MOSILLO, R.; AVALLONE, M.; ORSINI, S.; TUDISCO, A.; AIUTI, F.; STAGNITTI, F.

    2013-01-01

    Summary Malpractice is the responsible for the greatest number of legal claims. At the present time, legal actions against physicians in Italy are 15,000 per year, and a stunning increase about costs to refund patients injured by therapeutic and diagnostic errors is expected. The method for the medical prevention is “Risk Management”, that is the setting-up of organizational instruments, methods and actions that enable the measurement or estimation of medical risk; it allows to develop strategies to govern and reduce medical error. In the present work, the reconstruction about the history of risk management in Italy was carried out. After then the latest initiatives undertaken by Italy about the issue of risk management were examined. PMID:24091181

  3. Adaptation and risk management

    SciTech Connect

    Preston, Benjamin L [ORNL

    2011-01-01

    Adaptation assessment methods are compatible with the international risk management standard ISO:31000. Risk management approaches are increasingly being recommended for adaptation assessments at both national and local levels. Two orientations to assessments can commonly be identified: top-down and bottom-up, and prescriptive and diagnostic. Combinations of these orientations favor different types of assessments. The choice of orientation can be related to uncertainties in prediction and taking action, in the type of adaptation and in the degree of system stress. Adopting multiple viewpoints is to be encouraged, especially in complex situations. The bulk of current guidance material is consistent with top-down and predictive approaches, thus is most suitable for risk scoping and identification. Abroad range ofmaterial fromwithin and beyond the climate change literature can be used to select methods to be used in assessing and implementing adaptation. The framing of risk, correct formulation of the questions being investigated and assessment methodology are critical aspects of the scoping phase. Only when these issues have been addressed should be issue of specific methods and tools be addressed. The reorientation of adaptation from an assessment focused solely on anthropogenic climate change to broader issues of vulnerability/resilience, sustainable development and disaster risk, especially through a risk management framework, can draw from existing policy and management understanding in communities, professions and agencies, incorporating existing agendas, knowledge, risks, and issues they already face.

  4. Risk management in semiconductor industry

    Microsoft Academic Search

    Kochun Mou; Guang-Hann Chen

    2004-01-01

    The importance of risk management in semiconductor industry is acknowledged by semiconductor industry. Risk management department should be independent to any other department and reports directly to top management (president) in the company. The organization of risk management should include (but not limit to) aspects of risk control, loss prevention, emergency response, insurance, industrial safety and health, environmental protection, medication,

  5. CALIFORNIA STATE UNIVERSITY, RISK MANAGEMENT

    E-print Network

    de Lijser, Peter

    CALIFORNIA STATE UNIVERSITY, FULLERTON RISK MANAGEMENT ANNUAL REPORT November 2006 OFFICE OF UNIVERSITY RISK MANAGEMENT LH-806C 714-278-7346 #12;2005 ­ 2006 Risk Management Annual Report Page 2 I. Executive Summary A. Program Cost One method to assess the effectiveness of the University's risk management

  6. Information Security Office Risk Management

    E-print Network

    Alpay, S. Pamir

    Information Security Office Risk Management Exception Template #12;Risk Management Exception or Approved) 6/01/2013 CISO Jason Pufahl, CISO Approved 6/01/2013 RMAC Risk Management Advisory Council Reviewed #12;Risk Management Exception Template 2 | P a g e Please check one of the following: Requester

  7. CALIFORNIA STATE UNIVERSITY, RISK MANAGEMENT

    E-print Network

    de Lijser, Peter

    -08, the percentage of the University's budget allocated to risk management costs decreased from 1.64% to 1CALIFORNIA STATE UNIVERSITY, FULLERTON RISK MANAGEMENT ANNUAL REPORT January 2008 OFFICE OF UNIVERSITY RISK MANAGEMENT CP-320 714-278-7346 #12;2006 ­ 2007 Risk Management Annual Report Page 2 I

  8. CALIFORNIA STATE UNIVERSITY, RISK MANAGEMENT

    E-print Network

    de Lijser, Peter

    CALIFORNIA STATE UNIVERSITY, FULLERTON RISK MANAGEMENT ANNUAL REPORT November 2005 OFFICE OF UNIVERSITY RISK MANAGEMENT LH-806C 714-278-7346 #12;2004 ­ 2005 Risk Management Annual Report Page 2 I. Introduction The Office of University Risk Management provides resources, advice and training that allow

  9. Risk Management Policy and Procedures

    E-print Network

    Paxton, Anthony T.

    Risk Management Policy and Procedures #12;Risk Management Policy and Procedures Queen's University Belfast Updated January 2014 1. PURPOSE OF THIS DOCUMENT 1.1 This Risk Management Policy (the policy explains the University's underlying approach to risk management, documents the roles and responsibilities

  10. Children's Aquatics: Managing the Risk.

    ERIC Educational Resources Information Center

    Langendorfer, Stephen; And Others

    1989-01-01

    This article identifies the major risks faced by young children in aquatic programs, outlines several methods for managing risk factors, and discusses the steps involved in implementing a risk-management system. (IAH)

  11. Risk Management Procedures Category: Strategic Management

    E-print Network

    1 Risk Management Procedures Category: Strategic Management 1. LEGISLATION/ENTERPRISE AGREEMENT/POLICY SUPPORTED Risk Management Policy Tertiary Education Quality Standards Agency Act 2011 (TEQSA Act 2011) 2 (a) Advise the Vice-Chancellor on the effective management of the University's risk profile

  12. Risk Management of NASA Projects

    NASA Technical Reports Server (NTRS)

    Sarper, Hueseyin

    1997-01-01

    Various NASA Langley Research Center and other center projects were attempted for analysis to obtain historical data comparing pre-phase A study and the final outcome for each project. This attempt, however, was abandoned once it became clear that very little documentation was available. Next, extensive literature search was conducted on the role of risk and reliability concepts in project management. Probabilistic risk assessment (PRA) techniques are being used with increasing regularity both in and outside of NASA. The value and the usage of PRA techniques were reviewed for large projects. It was found that both civilian and military branches of the space industry have traditionally refrained from using PRA, which was developed and expanded by nuclear industry. Although much has changed with the end of the cold war and the Challenger disaster, it was found that ingrained anti-PRA culture is hard to stop. Examples of skepticism against the use of risk management and assessment techniques were found both in the literature and in conversations with some technical staff. Program and project managers need to be convinced that the applicability and use of risk management and risk assessment techniques is much broader than just in the traditional safety-related areas of application. The time has come to begin to uniformly apply these techniques. The whole idea of risk-based system can maximize the 'return on investment' that the public demands. Also, it would be very useful if all project documents of NASA Langley Research Center, pre-phase A through final report, are carefully stored in a central repository preferably in electronic format.

  13. Cost effective management of space venture risks

    NASA Technical Reports Server (NTRS)

    Giuntini, Ronald E.; Storm, Richard E.

    1986-01-01

    The development of a model for the cost-effective management of space venture risks is discussed. The risk assessment and control program of insurance companies is examined. A simplified system development cycle which consists of a conceptual design phase, a preliminary design phase, a final design phase, a construction phase, and a system operations and maintenance phase is described. The model incorporates insurance safety risk methods and reliability engineering, and testing practices used in the development of large aerospace and defense systems.

  14. Continuous Risk Management: An Overview

    NASA Technical Reports Server (NTRS)

    Rosenberg, Linda; Hammer, Theodore F.

    1999-01-01

    Software risk management is important because it helps avoid disasters, rework, and overkill, but more importantly because it stimulates win-win situations. The objectives of software risk management are to identify, address, and eliminate software risk items before they become threats to success or major sources of rework. In general, good project managers are also good managers of risk. It makes good business sense for all software development projects to incorporate risk management as part of project management. The Software Assurance Technology Center (SATC) at NASA GSFC has been tasked with the responsibility for developing and teaching a systems level course for risk management that provides information on how to implement risk management. The course was developed in conjunction with the Software Engineering Institute at Carnegie Mellon University, then tailored to the NASA systems community. This is an introductory tutorial to continuous risk management based on this course. The rational for continuous risk management and how it is incorporated into project management are discussed. The risk management structure of six functions is discussed in sufficient depth for managers to understand what is involved in risk management and how it is implemented. These functions include: (1) Identify the risks in a specific format; (2) Analyze the risk probability, impact/severity, and timeframe; (3) Plan the approach; (4) Track the risk through data compilation and analysis; (5) Control and monitor the risk; (6) Communicate and document the process and decisions.

  15. Flood risk and flood management

    Microsoft Academic Search

    Erich J. Plate

    2002-01-01

    Risk management has been established as a well defined procedure for handling risks due to natural, environmental or man made hazards, of which floods are representative. Risk management has been discussed in many previous papers giving different meanings to the term—a result of the fact that risk management actually takes place on three different levels of actions: the operational level,

  16. Risk management frameworks for human health and environmental risks.

    PubMed

    Jardine, Cindy; Hrudey, Steve; Shortreed, John; Craig, Lorraine; Krewski, Daniel; Furgal, Chris; McColl, Stephen

    2003-01-01

    A comprehensive analytical review of the risk assessment, risk management, and risk communication approaches currently being undertaken by key national, provincial/state, territorial, and international agencies was conducted. The information acquired for review was used to identify the differences, commonalities, strengths, and weaknesses among the various approaches, and to identify elements that should be included in an effective, current, and comprehensive approach applicable to environmental, human health and occupational health risks. More than 80 agencies, organizations, and advisory councils, encompassing more than 100 risk documents, were examined during the period from February 2000 until November 2002. An overview was made of the most important general frameworks for risk assessment, risk management, and risk communication for human health and ecological risk, and for occupational health risk. In addition, frameworks for specific applications were reviewed and summarized, including those for (1)contaminated sites; (2) northern contaminants; (3) priority substances; (4) standards development; (5) food safety; (6) medical devices; (7) prescription drug use; (8) emergency response; (9) transportation; (10) risk communication. Twelve frameworks were selected for more extensive review on the basis of representation of the areas of human health, ecological, and occupational health risk; relevance to Canadian risk management needs; representation of comprehensive and well-defined approaches; generalizability with their risk areas; representation of "state of the art" in Canada, the United States, and/or internationally; and extent of usage of potential usage within Canada. These 12 frameworks were: 1. Framework for Environmental Health Risk Management (US Presidential/Congressional Commission on Risk Assessment and Risk Management, 1997). 2. Health Risk Determination: The Challenge of Health Protection (Health and Welfare Canada, 1990). 3. Health Canada Decision-Making Framework for Identifying, Assessing and Managing Health Risks (Health Canada, 2000). 4. Canadian Environmental Protection Act: Human Health Risk Assessment of Priority Substances(Health Canada, 1994). 5. CSA-Q8550 Risk Management: Guidelines for Decision-Makers (Canada Standards Association, 1997). 6. Risk Assessment in the Federal Government: Managing the Process (US National Research Council, 1983). 7. Understanding Risk: Informing Decisions in a Democratic Society (US National Research Council, 1996). 8. Environmental Health Risk Assessment (enHealth Council of Australia, 2002). 9. A Framework for Ecological Risk Assessment (CCME, 1996). 10. Ecological Risk Assessments of Priority Substances Under the Canadian Environmental Protection Act (Environment Canada, 1996).11. Guidelines for Ecological Risk Assessment (US EPA, 1998b). 12. Proposed Model for Occupational Health Risk Assessment and Management (Rampal & Sadhra, 1999). Based on the extensive review of these frameworks, seven key elements that should be included in a comprehensive framework for human health, ecological, and occupational risk assessment and management were identified: 1. Problem formulation stage. 2. Stakeholder involvement. 3. Communication. 4. Quantitative risk assessment components. 5. Iteration and evaluation. 6. Informed decision making. 7. Flexibility. On the basis of this overarching approach to risk management, the following "checklist" to ensure a good risk management decision is proposed: - Make sure you're solving the right problem. - Consider the problem and the risk within the full context of the situation, using a broad perspective. - Acknowledge, incorporate, and balance the multiple dimensions of risk. - Ensure the highest degree of reliability for all components of the risk management process. - Involve interested and effected parties from the outset of the process. - Commit to honest and open communication between all parties. - Employ continuous evaluation throughout the process (formative, process, and outcome evaluation), and be prepared t

  17. Navigator program risk management

    NASA Technical Reports Server (NTRS)

    Wessen, Randii R.; Padilla, Deborah A.

    2004-01-01

    In this paper, program risk management as applied to the Navigator Program: In Search of New Worlds will be discussed. The Navigator Program's goals are to learn how planetary systems form and to search for those worlds that could or do harbor life.

  18. Managing Your Risks.

    ERIC Educational Resources Information Center

    Lenz, Matthew, Jr.

    1982-01-01

    School district administrators are advised to hire a consultant to make a complete risk management study and design a proper insurance program; to work with a single insurance agent or broker; to designate a single person as district insurance coordinator; and to establish and make use of an advisory committee. (Author/MLF)

  19. DIRAC: reliable data management for LHCb

    NASA Astrophysics Data System (ADS)

    Smith, A. C.; Tsaregorodtsev, A.

    2008-07-01

    DIRAC, LHCb's Grid Workload and Data Management System, utilizes WLCG resources and middleware components to perform distributed computing tasks satisfying LHCb's Computing Model. The Data Management System (DMS) handles data transfer and data access within LHCb. Its scope ranges from the output of the LHCb Online system to Grid-enabled storage for all data types. It supports metadata for these files in replica and bookkeeping catalogues, allowing dataset selection and localization. The DMS controls the movement of files in a redundant fashion whilst providing utilities for accessing all metadata. To do these tasks effectively the DMS requires complete self integrity between its components and external physical storage. The DMS provides highly redundant management of all LHCb data to leverage available storage resources and to manage transient errors in underlying services. It provides data driven and reliable distribution of files as well as reliable job output upload, utilizing VO Boxes at LHCb Tier1 sites to prevent data loss. This paper presents several examples of mechanisms implemented in the DMS to increase reliability, availability and integrity, highlighting successful design choices and limitations discovered.

  20. Risk Management Policy Category: Strategic Management

    E-print Network

    1 Risk Management Policy Category: Strategic Management 1. PURPOSE To support the University to achieve its strategic objectives by: assisting business areas make prudent risk-based decisions; enabling high performance across business activities within an agreed risk appetite; promoting risk aware

  1. National Ignition Facility Risk Management Plan

    SciTech Connect

    Brereton, S.J.

    1997-02-01

    The NIF Risk Management Plan has been prepared in accordance with the DOE Life Cycle Asset Management Good Practice Guide to support Critical Decision 3 of the NIF Project. The objectives of the plan are to: 1) identify the risks to the completion of the Project in terms of meeting technical and regulatory requirements, cost, and schedule, 2) assess the risks in terms of likelihood of occurrence and their impact potential relative to technical performance, ES&H (environment, safety and health), costs, and schedule, and 3) address each identified risk in terms of suitable risk mitigation measures. The documents that form the basis for this risk assessment are as follows: 1. Final Programmatic Environmental Impact Statement for Stockpile Stewardship and Management (DOE, 1996a) and Record of Decision (DOE, 1996b), 2. Preliminary Hazards Analysis (Brereton, 1993), 3. Fire Hazards Analysis (Jensen, 1997), 4. Preliminary Safety Analysis Report (LLNL, 1996a), 5. Reliability, Availability and Maintainability Report, 6. Radiation Protection Evaluation, 7. Primary Criteria and Functional Requirements (LLNL, 1996b), 8. Project Execution Plan (DOE, 1996c), 9. Schedule Risk Assessment, 10. Construction Safety Program (LLNL, 1997), 11. Title I Design Media, 12. Congressional Data Sheet. The process used in developing this plan was to form a Risk Assessment team of knowledgeable project personnel. This included: Assurances Manager, Systems Integration Manager, Project Control Manager, a Risk Management consultant, Deputy Associate Project Engineer for Activation and Start-up (Co-chairperson), and Lead Engineer for Safety Analysis (Co-chairperson). They were familiar with the risk basis documents and developed a list of the key risk elements. A methodology for assigning likelihoods, consequences, and risks was developed. Risk elements were then reviewed, and likelihoods, consequences, and risks were assigned. Risk mitigation measures were then developed. Comments were obtained, resolved and incorporated, and this document presents the results of the assessment.

  2. Risk Management Principles for Nanotechnology

    Microsoft Academic Search

    Gary E. Marchant; Douglas J. Sylvester; Kenneth W. Abbott

    2008-01-01

    Risk management of nanotechnology is challenged by the enormous uncertainties about the risks, benefits, properties, and future\\u000a direction of nanotechnology applications. Because of these uncertainties, traditional risk management principles such as acceptable\\u000a risk, cost–benefit analysis, and feasibility are unworkable, as is the newest risk management principle, the precautionary\\u000a principle. Yet, simply waiting for these uncertainties to be resolved before undertaking

  3. Continuous Risk Management Course. Revised

    NASA Technical Reports Server (NTRS)

    Hammer, Theodore F.

    1999-01-01

    This document includes a course plan for Continuous Risk Management taught by the Software Assurance Technology Center along with the Continuous Risk Management Guidebook of the Software Engineering Institute of Carnegie Mellon University and a description of Continuous Risk Management at NASA.

  4. Quantitative Risk Management Rudiger Frey

    E-print Network

    Frey, RĂŒdiger

    Lecture Quantitative Risk Management Ršudiger Frey Universitšat Leipzig Wintersemester 2010 risk management C. Introduction to Portfolio Credit Derivatives c 2010 (Frey) 1 #12;A. Introduction of counterparties. Measuring and management of credit risk is of high importance for financial institutions

  5. Algorithmic Aspects of Risk Management

    E-print Network

    Stehr, Mark-Oliver

    Algorithmic Aspects of Risk Management Ashish Gehani1 , Lee Zaniewski2 , and K. Subramani2 1 SRI International 2 West Virginia University Abstract. Risk analysis has been used to manage the security of sys configuration. This allows risk management to occur in real time and reduces the window of exposure to attack

  6. CALIFORNIA STATE UNIVERSITY, RISK MANAGEMENT

    E-print Network

    de Lijser, Peter

    State University Risk Management Authority." "University Budget" represents the baseline budget for better than average performance. The percentage of the University's budget allocated to risk managementCALIFORNIA STATE UNIVERSITY, FULLERTON RISK MANAGEMENT 2010 ANNUAL REPORT #12;2010 Annual Report

  7. CALIFORNIA STATE UNIVERSITY, RISK MANAGEMENT

    E-print Network

    de Lijser, Peter

    in total risk management costs as a percentage of the University's budget from 2008-09 to 2009-10 was dueCALIFORNIA STATE UNIVERSITY, FULLERTON RISK MANAGEMENT AND ENVIRONMENTAL HEALTH & INSTRUCTIONAL SAFETY 2009 ANNUAL REPORTS #12;2009 Annual Report Page 2 RISK MANAGEMENT I. Program Cost One method

  8. CALIFORNIA STATE UNIVERSITY, RISK MANAGEMENT

    E-print Network

    de Lijser, Peter

    CALIFORNIA STATE UNIVERSITY, FULLERTON RISK MANAGEMENT 2003-04 ANNUAL REPORT OFFICE OF UNIVERSITY RISK MANAGEMENT #12;2 I. Introduction "Of course you have to go out on a limb sometimes, that's where the best outcome in a changing environment, is the essence of risk management.3 This Report was developed

  9. Manual of Educational Risk Management.

    ERIC Educational Resources Information Center

    Cody, Frank J.; Dise, John H., Jr.

    This is the first risk management publication for school administrators that attempts to be comprehensive by addressing all potential areas of risk to school districts and offering specific guidelines on how to manage those areas. Chapter 1 gives directions on how to use the manual. Chapter 2 contains a complete overview of risk management

  10. Opportunities in the Risk Management of EMC

    Microsoft Academic Search

    Keith Armstrong; Cherry Clough

    2011-01-01

    It is not an exaggeration to say that we are witnessing the birth of a brand new industry - Risk Management of elec- tromagnetic compatibility (EMC) - which will be needed in most safety-related and high-reliability applications\\/industries. But at the moment there are (effectively) no resources available that can satisfy its requirements, either from EMC test laborato- ries or functional

  11. Information Systems for Risk Management

    Microsoft Academic Search

    Michael S. Gibson

    2000-01-01

    Risk management information systems are designed to overcome the problem of aggregating data across diverse trading units. The design of an information system depends on the risk measurement methodology that a firm chooses. Inherent in the design of both a risk management information system and a risk measurement methodology is a tradeoff between the accuracy of the resulting measures of

  12. Information systems for risk management

    Microsoft Academic Search

    Michael S. Gibson

    1997-01-01

    Risk management information systems are designed to overcome the problem of aggregating data across diverse trading units. The design of an information system depends on the risk measurement methodology that a firm chooses. Inherent in the design of both a risk management information system and a risk measurement methodology is a tradeoff between the accuracy of the resulting measures of

  13. RISK ASSESSMENT AND RISK MANAGEMENT

    EPA Science Inventory

    Risk assessment of mixtures of environmental pollutants has become a subject of increasing public and regulatory concern. ypically, assessment of mixtures has been based on aggregating the risks associated with the individual constituents of the mixture. his approach does not con...

  14. Communicating Risk to Program Managers

    NASA Technical Reports Server (NTRS)

    Shivers, C. Herbert

    2005-01-01

    Program Managers (PM) can protect program resources and improve chances of success by anticipating, understanding and managing risks. Understanding the range of potential risks helps one to avoid or manage the risks. A PM must choose which risks to accept to reduce fire fighting, must meet the expectations of stakeholders consistently, and avoid falling into costly "black holes" that may open. A good risk management process provides the PM more confidence to seize opportunities save money, meet schedule, even improve relationships with people important to the program. Evidence of managing risk and sound internal controls can mean better support from superiors for the program by building a trust and reputation from being on top of issues. Risk managers have an obligation to provide the PM with the best information possible to allow the benefits to be realized (Small Business Consortium, 2004). The Institute for Chartered Accountants in England and Wales sees very important benefits for companies in providing better information about what they do to assess and manage key business risks. Such information will: a) provide practical forward-looking information; b) reduce the cost of capital; c) encourage better risk management; and d) improve accountability for stewardship, investor protection and the usefulness of financial reporting. We are particularly convinced that enhanced risk reporting will help listed companies obtain capital at the lowest possible cost (The Institute of Chartered Accountants in England &Wales, June 2002). Risk managers can take a significant role in quantifying the success of their department and communicating those figures to executive (program) management levels while pushing for a broader risk management role. Overall, risk managers must show that risk management work matters in the most crucial place-the bottom line- as they prove risk management can be a profit center (Sullivan, 2004).

  15. Managing information technology security risk

    NASA Technical Reports Server (NTRS)

    Gilliam, David

    2003-01-01

    Information Technology (IT) Security Risk Management is a critical task for the organization to protect against the loss of confidentiality, integrity and availability of IT resources. As systems bgecome more complex and diverse and and attacks from intrusions and malicious content increase, it is becoming increasingly difficult to manage IT security risk. This paper describes a two-pronged approach in addressing IT security risk and risk management in the organization: 1) an institutional enterprise appraoch, and 2) a project life cycle approach.

  16. Joint Seminar Risk Management Institute &

    E-print Network

    Chaudhuri, Sanjay

    Joint Seminar Risk Management Institute & Department of Mathematics Details of Seminar Date empirical phenomena of the negative variance risk premium and implied volatility smirk if market into account. This is a joint work with Eric C. Chang and Huimin Zhao. Risk Management Institute Joint Seminar

  17. Risk Management for Software Projects

    Microsoft Academic Search

    Richard E. Fairley

    1994-01-01

    There is little to instruct software project managers on how to handle risk in a way that ensures the success of contingency planning and avoids crisis. This seven-step procedure describes how to identify risk factors, calculate their probability and effect on a project, and plan for and conduct risk management

  18. NGNP Risk Management Database: A Model for Managing Risk

    SciTech Connect

    John Collins; John M. Beck

    2011-11-01

    The Next Generation Nuclear Plant (NGNP) Risk Management System (RMS) is a database used to maintain the project risk register. The RMS also maps risk reduction activities to specific identified risks. Further functionality of the RMS includes mapping reactor suppliers Design Data Needs (DDNs) to risk reduction tasks and mapping Phenomena Identification Ranking Table (PIRTs) to associated risks. This document outlines the basic instructions on how to use the RMS. This document constitutes Revision 1 of the NGNP Risk Management Database: A Model for Managing Risk. It incorporates the latest enhancements to the RMS. The enhancements include six new custom views of risk data - Impact/Consequence, Tasks by Project Phase, Tasks by Status, Tasks by Project Phase/Status, Tasks by Impact/WBS, and Tasks by Phase/Impact/WBS.

  19. Improving Information Security Risk Management

    ERIC Educational Resources Information Center

    Singh, Anand

    2009-01-01

    manaOptimizing risk to information to protect the enterprise as well as to satisfy government and industry mandates is a core function of most information security departments. Risk management is the discipline that is focused on assessing, mitigating, monitoring and optimizing risks to information. Risk assessments and analyses are critical…

  20. Structural reliability analysis and seismic risk assessment

    SciTech Connect

    Hwang, H.; Reich, M.; Shinozuka, M.

    1984-01-01

    This paper presents a reliability analysis method for safety evaluation of nuclear structures. By utilizing this method, it is possible to estimate the limit state probability in the lifetime of structures and to generate analytically the fragility curves for PRA studies. The earthquake ground acceleration, in this approach, is represented by a segment of stationary Gaussian process with a zero mean and a Kanai-Tajimi Spectrum. All possible seismic hazard at a site represented by a hazard curve is also taken into consideration. Furthermore, the limit state of a structure is analytically defined and the corresponding limit state surface is then established. Finally, the fragility curve is generated and the limit state probability is evaluated. In this paper, using a realistic reinforced concrete containment as an example, results of the reliability analysis of the containment subjected to dead load, live load and ground earthquake acceleration are presented and a fragility curve for PRA studies is also constructed.

  1. Reliability and Probabilistic Risk Assessment - How They Play Together

    NASA Technical Reports Server (NTRS)

    Safie, Fayssal M.; Stutts, Richard G.; Zhaofeng, Huang

    2015-01-01

    PRA methodology is one of the probabilistic analysis methods that NASA brought from the nuclear industry to assess the risk of LOM, LOV and LOC for launch vehicles. PRA is a system scenario based risk assessment that uses a combination of fault trees, event trees, event sequence diagrams, and probability and statistical data to analyze the risk of a system, a process, or an activity. It is a process designed to answer three basic questions: What can go wrong? How likely is it? What is the severity of the degradation? Since 1986, NASA, along with industry partners, has conducted a number of PRA studies to predict the overall launch vehicles risks. Planning Research Corporation conducted the first of these studies in 1988. In 1995, Science Applications International Corporation (SAIC) conducted a comprehensive PRA study. In July 1996, NASA conducted a two-year study (October 1996 - September 1998) to develop a model that provided the overall Space Shuttle risk and estimates of risk changes due to proposed Space Shuttle upgrades. After the Columbia accident, NASA conducted a PRA on the Shuttle External Tank (ET) foam. This study was the most focused and extensive risk assessment that NASA has conducted in recent years. It used a dynamic, physics-based, integrated system analysis approach to understand the integrated system risk due to ET foam loss in flight. Most recently, a PRA for Ares I launch vehicle has been performed in support of the Constellation program. Reliability, on the other hand, addresses the loss of functions. In a broader sense, reliability engineering is a discipline that involves the application of engineering principles to the design and processing of products, both hardware and software, for meeting product reliability requirements or goals. It is a very broad design-support discipline. It has important interfaces with many other engineering disciplines. Reliability as a figure of merit (i.e. the metric) is the probability that an item will perform its intended function(s) for a specified mission profile. In general, the reliability metric can be calculated through the analyses using reliability demonstration and reliability prediction methodologies. Reliability analysis is very critical for understanding component failure mechanisms and in identifying reliability critical design and process drivers. The following sections discuss the PRA process and reliability engineering in detail and provide an application where reliability analysis and PRA were jointly used in a complementary manner to support a Space Shuttle flight risk assessment.

  2. Challenges to sustainable risk management

    SciTech Connect

    Pinto, Ariel C., Aurora, Ashish, Hall, Dennis E.,

    2004-08-09

    This paper summarizes the intermediate lessons learned from the analyses of the risk management problems in three technological endeavors. These problems are: the absence of a structure for rewarding successful project risk management; the need for an ever-more accurate economic measure of risk; and the difficulty of transferring risks to contract-bound independent outsourcing entity. This paper also describes recent advancement towards providing answers to these challenges and future research endeavors in this field.

  3. TOWARDS A RISK MANAGEMENT PROCESS FOR AUTONOMOUS UNDERWATER VEHICLES

    E-print Network

    Griffiths, Gwyn

    TOWARDS A RISK MANAGEMENT PROCESS FOR AUTONOMOUS UNDERWATER VEHICLES Gwyn Griffithsa and Art Trembanisb ABSTRACT There is increasing interest from the marine science community in using autonomous reliability and develops a risk management process (RMP-AUV) tuned to the needs of the responsible owner

  4. University of Washington ENTERPRISE RISK MANAGEMENT

    E-print Network

    Kaminsky, Werner

    University of Washington ENTERPRISE RISK MANAGEMENT 2010 Annual Report #12;ERM 2010 Annual Report 2 December 2010 "Enterprise Risk Management" (ERM) - a process - to integrate risk into strategic UW Enterprise Risk Management Framework . . . . . . . . . 6 Illustration of ERM Components

  5. 12 CFR 917.3 - Risk management.

    Code of Federal Regulations, 2012 CFR

    2012-01-01

    ...Banking 8 2012-01-01 2012-01-01 false Risk management. 917.3 Section 917.3 Banks and...BOARDS OF DIRECTORS AND SENIOR MANAGEMENT § 917.3 Risk management. (a) Risk management policy —(1) Adoption....

  6. Continuous Risk Management at NASA

    NASA Technical Reports Server (NTRS)

    Hammer, Theodore F.; Rosenberg, Linda

    1999-01-01

    NPG 7120.5A, "NASA Program and Project Management Processes and Requirements" enacted in April, 1998, requires that "The program or project manager shall apply risk management principles..." The Software Assurance Technology Center (SATC) at NASA GSFC has been tasked with the responsibility for developing and teaching a systems level course for risk management that provides information on how to comply with this edict. The course was developed in conjunction with the Software Engineering Institute at Carnegie Mellon University, then tailored to the NASA systems community. This presentation will briefly discuss the six functions for risk management: (1) Identify the risks in a specific format; (2) Analyze the risk probability, impact/severity, and timeframe; (3) Plan the approach; (4) Track the risk through data compilation and analysis; (5) Control and monitor the risk; (6) Communicate and document the process and decisions. This risk management structure of functions has been taught to projects at all NASA Centers and is being successfully implemented on many projects. This presentation will give project managers the information they need to understand if risk management is to be effectively implemented on their projects at a cost they can afford.

  7. [Reliability theory based on quality risk network analysis for Chinese medicine injection].

    PubMed

    Li, Zheng; Kang, Li-Yuan; Fan, Xiao-Hui

    2014-08-01

    A new risk analysis method based upon reliability theory was introduced in this paper for the quality risk management of Chinese medicine injection manufacturing plants. The risk events including both cause and effect ones were derived in the framework as nodes with a Bayesian network analysis approach. It thus transforms the risk analysis results from failure mode and effect analysis (FMEA) into a Bayesian network platform. With its structure and parameters determined, the network can be used to evaluate the system reliability quantitatively with probabilistic analytical appraoches. Using network analysis tools such as GeNie and AgenaRisk, we are able to find the nodes that are most critical to influence the system reliability. The importance of each node to the system can be quantitatively evaluated by calculating the effect of the node on the overall risk, and minimization plan can be determined accordingly to reduce their influences and improve the system reliability. Using the Shengmai injection manufacturing plant of SZYY Ltd as a user case, we analyzed the quality risk with both static FMEA analysis and dynamic Bayesian Network analysis. The potential risk factors for the quality of Shengmai injection manufacturing were identified with the network analysis platform. Quality assurance actions were further defined to reduce the risk and improve the product quality. PMID:25509315

  8. NGNP Risk Management Database: A Model for Managing Risk

    SciTech Connect

    John Collins

    2009-09-01

    To facilitate the implementation of the Risk Management Plan, the Next Generation Nuclear Plant (NGNP) Project has developed and employed an analytical software tool called the NGNP Risk Management System (RMS). A relational database developed in Microsoftź Access, the RMS provides conventional database utility including data maintenance, archiving, configuration control, and query ability. Additionally, the tool’s design provides a number of unique capabilities specifically designed to facilitate the development and execution of activities outlined in the Risk Management Plan. Specifically, the RMS provides the capability to establish the risk baseline, document and analyze the risk reduction plan, track the current risk reduction status, organize risks by reference configuration system, subsystem, and component (SSC) and Area, and increase the level of NGNP decision making.

  9. Decision Support and Risk Management

    E-print Network

    Decision Support and Risk Management CVMDM: Community Vaccination and Mass Dispensing Model What and distribution of pharmaceutical materials across a jurisdiction and the dispensing of those materials through Support and Risk Management Group CVMDM can be run with any underlying disease characteristics, but its

  10. Putting Risk Management Into Practice

    Microsoft Academic Search

    Raymond C. Williams; Julie A. Walker; Audrey J. Dorofee

    1997-01-01

    The authors use an SEI designed road map as a guide to discussing effective and ineffective risk management methods based on six years' experience with software intensive DoD programs. These programs followed the SEI approach of continuous and team risk management, selecting processes and methods that would best fit their work cultures

  11. Risk management at Argonne National Laboratory

    SciTech Connect

    Hill, D.J.; Hislop, R.D.

    1994-02-01

    The only facility at Argonne National Laboratory which is classified as high hazard is EBR-II. A Level I Probabilistic Risk Assessment (PRA), including external events, has been completed for EBR-II. There were several objectives for this project; to provide a quantitative estimate of the risk associated with the operation of EBR-II, to provide a framework for managerial decision-making for the management of risk at the facility, and to provide insights into the nature of the risk of EBR-II that can be applied in the design of future LMRS. Other ANL facilities do not have complete probabilistic assessments. Despite this fact, Risk Management is an essential part of ANL`s approach to safety and operations. Risk management at Argonne National Laboratory is not limited to accelerator or nuclear facilities. It is also an integral part of construction activities. The Advanced Photon Source, a major construction project at the Laboratory, utilizes a variety of risk assessment techniques to identify potential construction loss exposures and to develop measures to eliminate them. Over the past 15 years, in excess of 15,000 pages of regulatory requirements pertaining to environment safety and health have been printed in the Federal Register. Not all of these are applicable to Argonne National Laboratory all of the time, but as a highly-visible, nationally-funded facility, compliance with those that are applicable must be above reproach. Therefore, risk management is also a very important part of construction activities at ANL. This paper will give examples of these activities, such as, the EBR-II PRA, risk-based analyses of Fuel Cycle Facility Safety Systems, reliability studies of the Access Control Interlock System for the Advanced Photon Source and management approaches for controlling risk during the construction activities at APS.

  12. Risk Management Issues - An Aerospace Perspective

    NASA Technical Reports Server (NTRS)

    Perera, Jeevan S.

    2011-01-01

    Phased-approach for implementation of risk management is necessary. Risk management system will be simple, accessible and promote communication of information to all relevant stakeholders for optimal resource allocation and risk mitigation. Risk management should be used by all team members to manage risks--risk office personnel. Each group is assigned Risk Integrators who are facilitators for effective risk management. Risks will be managed at the lowest-level feasible, elevate only those risks that require coordination or management from above. Risk reporting and communication is an essential element of risk management and will combine both qualitative and quantitative elements.. Risk informed decision making should be introduced to all levels of management. Provide necessary checks and balances to insure that risks are caught/identified and dealt with in a timely manner, Many supporting tools, processes & training must be deployed for effective risk management implementation. Process improvement must be included in the risk processes.

  13. UNIVERSITY COLLEGE CORK RISK MANAGEMENT POLICY

    E-print Network

    Schellekens, Michel P.

    of accountability, probity and compliance. Risk management is an essential element of the process of governance. 1 by the risk management process. 2. Purpose of this policy 2.1 As the management of risk relies on effective1 UNIVERSITY COLLEGE CORK RISK MANAGEMENT POLICY 1. Risk Management 1.1 Responsibility

  14. RMI 357e spring 2013 Risk Management

    E-print Network

    Ghosh, Joydeep

    RMI 357e ­ spring 2013 1 Risk Management R M 357e Professor: Christopher McClellan Office: CBA 3 thomaspjacob@utexas.edu Syllabus ­ spring 2013 Textbook Risk Management for Enterprises and Individuals, v.1://students.flatworldknowledge.com/course/1112649 Risk Management: 357E. Risk Management - Upper-Division Course Principles of risk management

  15. The NASA Risk Management Program

    NASA Technical Reports Server (NTRS)

    Buchbinder, Benjamin

    1990-01-01

    This paper describes the NASA Risk Management Program established by the Headquarters Office of Safety and Mission Quality (MSQ). Current agency policy is outlined, risk management assistance to the field is described, and examples are given of independent risk assessments conducted by SMQ. The motivation for and the structure of the program is placed in the historical context of pre- and post-Challenger environments.

  16. Risk management methodology for HIPAA security standard.

    PubMed

    Aikins, R

    2000-01-01

    The Health Insurance Portability and Accountability Act (HIPAA) security standard requires a formal security management process that includes risk management. Risk management is a detailed process used to identify and assess risk, identify and accept mediation for risk, and maintain an acceptable level of risk. This chapter explains the risk management methodology developed by Providence Health System for HIPAA compliance. Providence risk management methodology includes risk analysis and assessment for both hard and soft assets. PMID:11190260

  17. Reliability and validity of the postepidural fall risk assessment score.

    PubMed

    Thompson, Kathleen; Haddad, Lisa; Smith, Sarah

    2014-01-01

    The purpose of this study was to establish the interrater reliability and face validity of the postepidural fall risk assessment score instrument for the obstetric patient. The sample consisted of 207 healthy mothers at an inner-city level 1 trauma center. Kappa coefficients ranged from 0.54 to 0.83. Face validity of the tool was determined by participating nurses (n = 25). Results indicated that the tool was reliable and required modification to increase face validity. PMID:24375109

  18. Forecast Ensemble Reliability Assessment and Uncertainty Management for Reservoir Systems

    NASA Astrophysics Data System (ADS)

    Kistenmacher, M.; Georgakakos, A. P.

    2011-12-01

    Reservoir systems are subject to several uncertainties that are the result of imperfect knowledge about system behavior and inputs. A major source of uncertainty is the inability to precisely predict future inflows, especially as the management horizon increases. Fortunately, there often exists enough information from historical records and/or hydroclimatic models to generate probabilistic forecasts of inflow volumes in the form of probability density functions or ensembles. These inflow forecasts can be coupled with stochastic management models to help operate reservoir systems and provide stakeholders with probabilistic forecasts of system variables, such as reservoir storages, releases, hydropower production, water withdrawals, and water quality parameters. It is important for forecasts to provide dependable descriptions of the actual system variables that eventually occur since consistently misrepresenting these variables will provide inadequate or misleading information about expected benefits and risks. The first part of this study presents an assessment technique that can be used to determine the reliability of one and multi-dimensional ensemble forecasts through the use of relative frequency histograms and minimum spanning trees (MST). The technique is then used to assess the extended Gaussian linear quadrature (ELQG) management model and determine its ability to produce reliable ensemble forecast of reservoir system variables. Extensions of the existing model are discussed and evaluated. The second portion of this study concerns the management of the uncertainty distribution across a reservoir system. The large majority of stochastic management models only consider optimizing the expected benefits, thereby not allowing operators and stakeholders to explicitly choose or explore issues such as variable variability and risk avoidance. An iterative framework that allows stakeholders to trade-off risks and uncertainties is developed by using objective function reformulations that constrain variable variances. This framework can be used to derive different management policies that produce desired probabilistic behaviors of the entire reservoir system or its individual sub-components and objectives. The methods developed in this study are illustrated on real reservoir systems including a 7-reservoir multi-objective system in California's Central Valley.

  19. Seismic Risk Management Framework of Bridge Engineering

    Microsoft Academic Search

    Lu Mingqi; Qu Weibo

    2009-01-01

    Seismic damages of bridges may have great effects on traffic transport. In order to reduce the losses of the disaster, it is necessary to carry out seismic risk management of bridge engineering. In the paper, the seismic risk management framework was proposed and the main steps of risk management including risk identification, risk analysis, risk assessment and risk control were

  20. Continuous Risk Management

    NASA Technical Reports Server (NTRS)

    Sabelhaus, Phil

    2002-01-01

    Risk identification is an ongoing activity that takes place during the routine project work flow. Project activities such as programmatic and technical meetings, telecons, reviews, and other forms of communication often bring to light project risks. When this occurs, we record and analyze the risk on a Risk Information Sheet. This process helps the project team identify and cope with project risks throughout the life of the project.

  1. Reliability and Probabilistic Risk Assessment - How They Play Together

    NASA Technical Reports Server (NTRS)

    Safie, Fayssal; Stutts, Richard; Huang, Zhaofeng

    2015-01-01

    Since the Space Shuttle Challenger accident in 1986, NASA has extensively used probabilistic analysis methods to assess, understand, and communicate the risk of space launch vehicles. Probabilistic Risk Assessment (PRA), used in the nuclear industry, is one of the probabilistic analysis methods NASA utilizes to assess Loss of Mission (LOM) and Loss of Crew (LOC) risk for launch vehicles. PRA is a system scenario based risk assessment that uses a combination of fault trees, event trees, event sequence diagrams, and probability distributions to analyze the risk of a system, a process, or an activity. It is a process designed to answer three basic questions: 1) what can go wrong that would lead to loss or degraded performance (i.e., scenarios involving undesired consequences of interest), 2) how likely is it (probabilities), and 3) what is the severity of the degradation (consequences). Since the Challenger accident, PRA has been used in supporting decisions regarding safety upgrades for launch vehicles. Another area that was given a lot of emphasis at NASA after the Challenger accident is reliability engineering. Reliability engineering has been a critical design function at NASA since the early Apollo days. However, after the Challenger accident, quantitative reliability analysis and reliability predictions were given more scrutiny because of their importance in understanding failure mechanism and quantifying the probability of failure, which are key elements in resolving technical issues, performing design trades, and implementing design improvements. Although PRA and reliability are both probabilistic in nature and, in some cases, use the same tools, they are two different activities. Specifically, reliability engineering is a broad design discipline that deals with loss of function and helps understand failure mechanism and improve component and system design. PRA is a system scenario based risk assessment process intended to assess the risk scenarios that could lead to a major/top undesirable system event, and to identify those scenarios that are high-risk drivers. PRA output is critical to support risk informed decisions concerning system design. This paper describes the PRA process and the reliability engineering discipline in detail. It discusses their differences and similarities and how they work together as complementary analyses to support the design and risk assessment processes. Lessons learned, applications, and case studies in both areas are also discussed in the paper to demonstrate and explain these differences and similarities.

  2. Risk management - Expanding horizons in nuclear power and other industries

    NASA Astrophysics Data System (ADS)

    Knief, Ronald A.; Briant, Victoria B.; Lee, Robert B.; Long, Robert L.; Mahn, Jeffrey A.

    Topics presented include lessons learned from man-made catastrophes, airline industry safety management systems and feedback, an integrated approach to safety, including the human factors element, and risk sensitivity to human error. Also presented are human reliability methods for enhancing performance, the integrated use of probabilistic safety assessment in reactor design, risk-based plant performance indicators, and a framework for systematic risk management.

  3. 12 CFR 932.1 - Risk management.

    Code of Federal Regulations, 2011 CFR

    2011-01-01

    ...2011-01-01 2011-01-01 false Risk management. 932.1 Section 932...FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL...BANK CAPITAL REQUIREMENTS § 932.1 Risk management. Before its new...

  4. 12 CFR 932.1 - Risk management.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ...2010-01-01 2010-01-01 false Risk management. 932.1 Section 932...FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL...BANK CAPITAL REQUIREMENTS § 932.1 Risk management. Before its new...

  5. Financial Policy Manual RISK MANAGEMENT POLICIES

    E-print Network

    Plotkin, Joshua B.

    Financial Policy Manual Page 1 RISK MANAGEMENT POLICIES 2601 Departmental Scope & Responsibility;Financial Policy Manual Page 1 2601 DEPARTMENTAL SCOPE & RESPONSIBILITY Subject: Risk Management & Insurance Effective: December 1986 Revised: May 2011 Last Reviewed: March 2014 Resp. Office: Risk Management

  6. Risk Management Institute RMI Research Workshop Series

    E-print Network

    Chaudhuri, Sanjay

    Risk Management Institute RMI Research Workshop Series Light refreshments will be served during, investments, derivatives, risk management, and empirical methods in finance. For more information on all our workshops & seminars, please visit Risk Management Institute website. Registration is not required

  7. 12 CFR 932.1 - Risk management.

    Code of Federal Regulations, 2012 CFR

    2012-01-01

    ...2012-01-01 2012-01-01 false Risk management. 932.1 Section 932...FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL...BANK CAPITAL REQUIREMENTS § 932.1 Risk management. Before its new...

  8. 12 CFR 932.1 - Risk management.

    Code of Federal Regulations, 2013 CFR

    2013-01-01

    ...2013-01-01 2013-01-01 false Risk management. 932.1 Section 932...FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL...BANK CAPITAL REQUIREMENTS § 932.1 Risk management. Before its new...

  9. 12 CFR 932.1 - Risk management.

    Code of Federal Regulations, 2014 CFR

    2014-01-01

    ...2014-01-01 2014-01-01 false Risk management. 932.1 Section 932...FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL...BANK CAPITAL REQUIREMENTS § 932.1 Risk management. Before its new...

  10. Reliability of the 1999 Youth Risk Behavior Survey Questionnaire

    Microsoft Academic Search

    Nancy D Brener; Laura Kann; Tim McManus; Steven A Kinchen; Elizabeth C Sundberg; James G Ross

    2002-01-01

    Purpose: To assess the test-retest reliability of the 1999 Youth Risk Behavior Survey (YRBS) questionnaire.Methods: A sample of 4619 male and female high school students from white, black, Hispanic, and other racial\\/ethnic groups completed the YRBS questionnaire on two occasions approximately two weeks apart. The questionnaire assesses a broad range of health risk behaviors. This study used a protocol that

  11. From Risk Management to "Organized Irresposibility"? Risks and Risk Management in the Mobile Telcom Sector.

    E-print Network

    Hanseth, Ole

    9 From Risk Management to "Organized Irresposibility"? Risks and Risk Management in the Mobile and inherently risky undertaking. While these organizations will naturally embrace various risk-control techniques, these efforts to control risk may not always succeed. And, in some cases, may indeed result

  12. Test-Retest Reliability of Ankle Injury Risk Factors

    Microsoft Academic Search

    Judith F. Baumhauer; Denise M. Alosa; Per A. F. H. Renström; Saul Trevino; Bruce Beynnon

    1995-01-01

    Ligamentous instability, ankle muscle weakness, foot ankle alignment, and generalized joint laxity may be predisposing factors for ankle ligament injuries. The purpose of this study was to examine the reliability of these risk factors before and after the season in healthy individuals and to determine if any significant differ ences developed during the athletic season (range, 12 to 16 weeks).

  13. Risk Management In Major Projects 

    E-print Network

    Baker, Scott William

    The integration of risk management in major projects within the construction and oil and gas industries has never been more significant especially as these projects are becoming larger and more complex. The increased ...

  14. DRAFT NISTIR 8023 Risk Management for

    E-print Network

    with replication devices. Keywords 3D printers; 3D scanners; copiers; countermeasures; exploits; mitigation; multifunction devices; printers; replication devices; risk; risk assessment; risk management; scanners; security

  15. Professional Certificate in Risk Management

    E-print Network

    Carleton University

    to learn how to protect their organization against liability, property, personnel or net income risks. · Supervisors, managers and project officers who are responsible for the management, control and protection, Regulatory Services and Quality Assurance MARINE SAFETY (AMSX), Transport Canada In my capacity as a partner

  16. Spatial Technology for Risk Management

    Microsoft Academic Search

    Shattri MANSOR; Mohammed Abu SHARIAH; Lawal BILLA; Iwan SETIAWAN

    2004-01-01

    SUMMARY Spatial information technology is a tool that supports for researching natural disaster risk management programs of flooding, fire forest, and landslides. Flooding disaster management provides a quick response to the rapid onset of disaster by Flood Early Warning System and Flood Monitoring and Mitigation, hence the use of NOAA AVHRR and GMS data in order to better mitigate and

  17. Evaluating and managing risk

    SciTech Connect

    Megill, R.E.

    1985-01-01

    This book is a collection of articles to calculate ''right'' risks that lead to enhanced oil and gas findings. Technique experiences are documented data of critical factors. The contents include: The framing of decisions and the psychology of choice; The difficulty of assessing uncertainty; An analysis of methods of leasing the U.S. outer continental shelf; Competitive bidding in high-risk situations; Investment indicators for profitability analysis must reflect recent economic developments; A strategy for sealed bidding; The ubiquitous overbid; Growth rate - a rate-of-return measure of investment efficiency; Assessment methodology - an industry viewpoint; Prudent risk-taking; ranking South Louisiana trends by probability of economic success; Special problems and open issues; Risk analysis - fundamentals; and Basin assessment.

  18. GENERATIVE RISK MANAGEMENT TECHNIQUES

    Microsoft Academic Search

    Gaye E Francis; Richard M Robinson

    ABSTRACT 'Generative' technique,is a term adopted,from James Reason's work in the risk area. In terms of the Engineers Australia Safety Case Guidelines online paradigm model, it generally refers to the \\

  19. Risk analysis and management

    NASA Technical Reports Server (NTRS)

    Smith, H. E.

    1990-01-01

    Present software development accomplishments are indicative of the emerging interest in and increasing efforts to provide risk assessment backbone tools in the manned spacecraft engineering community. There are indications that similar efforts are underway in the chemical processes industry and are probably being planned for other high risk ground base environments. It appears that complex flight systems intended for extended manned planetary exploration will drive this technology.

  20. Issue Management Risk Ranking Systems

    SciTech Connect

    F. M. Marshall; G. M. Grant; H. M. Stromberg; S. D. Novack

    1999-06-01

    Thousands of safety issues have been collected on-line at the Idaho National Engineering and Environmental Laboratory (INEEL) as part of the Issue Management Plan. However, there has been no established approach to prioritize collected and future issues. The authors developed a methodology, based on hazards assessment, to identify and risk rank over 5000 safety issues collected at INEEL. This approach required that it was easily applied and understandable for site adaptation and commensurate with the Integrated Safety Plan. High-risk issues were investigated and mitigative/preventive measures were suggested and ranked based on a cost-benefit scheme to provide risk-informed safety measures. This methodology was consistent with other integrated safety management goals and tasks providing a site-wide risk-informed decision tool to reduce hazardous conditions and focus resources on high-risk safety issues. As part of the issue management plan, this methodology was incorporated at the issue collection level and training was provided to management to better familiarize decision-makers with concepts of safety and risk. This prioritization methodology and issue dissemination procedure will be discussed. Results of issue prioritization and training efforts will be summarized. Difficulties and advantages of the process will be reported. Development and incorporation of this process into INEEL's lessons learned reporting and the site-wide integrated safety management program will be shown with an emphasis on establishing self reliance and ownership of safety issues.

  1. Issue Management Risk Ranking Systems

    SciTech Connect

    Novack, Steven David; Marshall, Frances Mc Clellan; Stromberg, Howard Merion; Grant, Gary Michael

    1999-06-01

    Thousands of safety issues have been collected on-line at the Idaho National Engineering and Environmental Laboratory (INEEL) as part of the Issue Management Plan. However, there has been no established approach to prioritize collected and future issues. The authors developed a methodology, based on hazards assessment, to identify and risk rank over 5000 safety issues collected at INEEL. This approach required that it was easily applied and understandable for site adaptation and commensurate with the Integrated Safety Plan. High-risk issues were investigated and mitigative/preventive measures were suggested and ranked based on a cost-benefit scheme to provide risk-informed safety measures. This methodology was consistent with other integrated safety management goals and tasks providing a site-wide risk informed decision tool to reduce hazardous conditions and focus resources on high-risk safety issues. As part of the issue management plan, this methodology was incorporated at the issue collection level and training was provided to management to better familiarize decision-makers with concepts of safety and risk. This prioritization methodology and issue dissemination procedure will be discussed. Results of issue prioritization and training efforts will be summarized. Difficulties and advantages of the process will be reported. Development and incorporation of this process into INEELs lessons learned reporting and the site-wide integrated safety management program will be shown with an emphasis on establishing self reliance and ownership of safety issues.

  2. MASTER OF SCIENCE DEGREES IN Risk Management

    E-print Network

    Johnson Jr.,, Ray

    MASTER OF SCIENCE DEGREES IN Risk Management About Queens College Often referred to as "the jewel.92$4#"!,&&%"*)0&$(.&/$6):,$)$-#")5,#$)*5$5,,4,#$&'%00$ &,/$%!$/6,7$6"4,$/"$&/)7$"*$/"4$"!$/6,%#$3,05&; Queens College master's degrees in Risk Management will help Master's Degrees in Risk Management Queens College offers 30credit MS in Risk Management degrees

  3. Software risk management: practice contra standard models

    Microsoft Academic Search

    Jaana Nyfjord; Mira Kajko-mattsson

    2008-01-01

    Little is known about the compliance of risk management models with the industrial practice and vice versa. In this paper, we compare the industrial risk management practice against a risk management model that we have synthesized from a set of current risk management models. This comparison has resulted in several discrepancies observed. As a result, this paper suggests a list

  4. Empirical Evaluation of a Risk Management Method

    Microsoft Academic Search

    Jyrki Kontio; Victor R. Basili

    1997-01-01

    This paper argues that three main obstacles for wider use of risk management technology are low awareness of the technology, limitations of existing risk management approaches, and lack of empirical evidence of the usefulness of risk management methods. This paper addresses the last two of these issues. First, we present a risk management method that attempts to avoid the limitations

  5. DYNAMIC RISK MANAGEMENT IN ELECTRICITY PORTFOLIO OPTIMIZATION

    E-print Network

    Eichhorn, Andreas

    DYNAMIC RISK MANAGEMENT IN ELECTRICITY PORTFOLIO OPTIMIZATION VIA POLYHEDRAL RISK FUNCTIONALS the dynamic decision structure appropriately. In energy risk management, which is typically carried out ex, for integrating risk management into a stochastic optimization framework, risk has to be quantified in a definite

  6. Risk Management Structured for Today's Environment

    NASA Technical Reports Server (NTRS)

    Greenfield, Michael A.

    1998-01-01

    In NPG (NASA Procedures and Guidelines) 7120.5A, we define risk management as "an organized, systematic decision-making process that efficiently identifies, analyzes, plans, tracks, controls, and communicates and documents risk in order to increase the likelihood of achieving program/project goals." Effective risk management depends upon a thorough understanding of the concept of risk, the principles of risk management and the formation of a disciplined risk management process. In human spaceflight programs, NASA has always maintained a rigorous and highly structured risk management effort. When lives are at stake, NASA's missions must be 100% safe; the risk management approach used in human spaceflight has always been comprehensive.

  7. THE FUNDAMENTAL RISK QUADRANGLE IN RISK MANAGEMENT, OPTIMIZATION

    E-print Network

    Uryasev, Stanislav

    THE FUNDAMENTAL RISK QUADRANGLE IN RISK MANAGEMENT, OPTIMIZATION AND STATISTICAL ESTIMATION1 R be confronted in numerous situations. Dealing with them systematically for purposes in risk management Statistical estimation is inevitably a partner with risk management in handling hazards, which may be known

  8. Risk Management Institute RMI Research Workshop Series

    E-print Network

    Chaudhuri, Sanjay

    Risk Management Institute RMI Research Workshop Series Light refreshments will be served during School. For more information on all our workshops & seminars, please visit Risk Management Institute risk sharing and costly participation. Market makers have low costs and continuously participate

  9. Reliability analysis of roadway departure risk using stochastic processes

    NASA Astrophysics Data System (ADS)

    Rey, G.; Clair, D.; Fogli, M.; Bernardin, F.

    2011-05-01

    The work presented here aims to develop a warning device to prevent roadway departure while cornering. Given the random variability arising from the driver, the vehicle and the infrastructure at the entrance of the curve, a probabilistic strategy is adopted to assess the roadway departure risk. Random variables and processes are introduced in a specifically developed vehicle dynamics model. The driver's behaviours are deduced from real traffic measurements. Structural reliability methods are employed to compute a roadway departure risk index, used to take the decision of an alarm triggering. Particular care is brought to the reduction of the computational cost. Refinements made on the standard reliability methods to handle with the model non-linearities and the stochastic dimension are presented.

  10. An integrated risk management tool and process

    Microsoft Academic Search

    J. Perera; J. Holsomback

    2005-01-01

    Most project managers know that risk management (RM) is essential to good project management. At NASA, standards and procedures to manage risk through a tiered approach have been developed - from the global agency requirements down to a program or project implementation. The basic methodology for NASA's risk management strategy includes processes to identify, analyze, plan, track, control, communicate and

  11. Risk Management: Research Needs and Status Report.

    ERIC Educational Resources Information Center

    Brown, Terry J.

    1998-01-01

    Summarizes risk-management research in categories of practical relevance to outdoor recreation stakeholders and the research community: conceptualization of risk; risk/benefit studies; risk monitoring; risk management in organizations and programs (identification, evaluation, control, planning, evaluation); legal issues; and risk communication.…

  12. Managing Corporate Risk through Better Knowledge Management

    ERIC Educational Resources Information Center

    Neef, Dale

    2005-01-01

    Purpose: To explain how progressive companies are using a combination of knowledge and risk management (KRM) systems and techniques in order to help them to prevent, or respond most effectively to, ethical or reputation-damaging incidents. Design/methodology/approach: The paper explains KRM, develops a corporate integrity framework, and then…

  13. Biosimilars: pharmacovigilance and risk management.

    PubMed

    Zuńiga, Leyre; Calvo, Begońa

    2010-07-01

    Biosimilars cannot be authorized based on the same requirements that apply to generic medicines. Despite the fact that the biosimilar and reference drug can show similar efficacy, the biosimilar may exhibit different safety profile in terms of nature, seriousness or incidence of adverse reactions. However, the data from pre-authorization clinical studies normally are insufficient to identify all potential differences. Therefore, clinical safety of similar biological medicinal products must be monitored closely on an ongoing basis during the post-approval phase including continued risk-benefit assessment. The biosimilar applicant must provide the European Medicines Agency (EMEA) with a risk management plan (EU-RMP) and pharmacovigilance programme with its application, including a description of the potential safety issues associated with the similar biological medicinal product that may be a result of differences in the manufacturing process from the reference biologic. The most critical safety concern relating to biopharmaceuticals (including biosimilars) is immunogenicity. Risk management applies scientifically based methodologies to identify, assess, communicate and minimise risk throughout a drug's life cycle so as to establish and maintain a favourable benefit-risk profile in patients. The risk management plan for biosimilars should focus on heightens the pharmacovigilance measures, identify immunogenicity risk and implement special post-marketing surveillance. Although International Nonproprietary Names (INNs) served as a useful tool in worldwide pharmacovigilance, for biologicals they should not be relied upon as the only means of product identification. Biologicals should always be commercialized with a brand name or the INN plus the manufacturer's name. PMID:20583204

  14. Risk Management Institute RMI Research Workshop Series

    E-print Network

    Chaudhuri, Sanjay

    Risk Management Institute RMI Research Workshop Series For more information on all our workshops & seminars, please visit Risk Management Institute website. Registration is not required. For enquiries: Prof. Yu Jun Singapore Management University Prof. Fan Jianqing Princeton University Title: Dating

  15. PFPC: Building an IT Risk Management Competency

    E-print Network

    Westerman, George

    2005-07-29

    IT Risk management is becoming increasingly important for CIOs and their executive counterparts. Educators and managers have materials they can use to discuss specific IT risks in project management, security and other ...

  16. Biosecurity & risk management in

    E-print Network

    as aquatic invasive species ...an affordable & effective part of a comprehensive disease management plan Service Oversight of programs for aquatic animal health, vaccines US Fish & Wildlife Service Regulation, sanitizers & pesticides US Food & Drug Administration, Center for Vet. Medicine Regulation of aquatic animal

  17. Tank waste remediation system risk management list

    SciTech Connect

    Collard, L.B.

    1995-10-31

    The Tank Waste Remedation System (TWRS) Risk Management List and it`s subset of critical risks, the Critical Risk Management List, provide a tool to senior RL and WHC management (Level-1 and -2) to manage programmatic risks that may significantly impact the TWRS program. The programmatic risks include cost, schedule, and performance risks. Performance risk includes technical risk, supportability risk (such as maintainability and availability), and external risk (i.e., beyond program control, for example, changes in regulations). The risk information includes a description, its impacts, as evaluation of the likelihood, consequences and risk value, possible mitigating actions, and responsible RL and WHC managers. The issues that typically form the basis for the risks are presented in a separate table and the affected functions are provided on the management lists.

  18. Space flight risk data collection and analysis project: Risk and reliability database

    NASA Technical Reports Server (NTRS)

    1994-01-01

    The focus of the NASA 'Space Flight Risk Data Collection and Analysis' project was to acquire and evaluate space flight data with the express purpose of establishing a database containing measurements of specific risk assessment - reliability - availability - maintainability - supportability (RRAMS) parameters. The developed comprehensive RRAMS database will support the performance of future NASA and aerospace industry risk and reliability studies. One of the primary goals has been to acquire unprocessed information relating to the reliability and availability of launch vehicles and the subsystems and components thereof from the 45th Space Wing (formerly Eastern Space and Missile Command -ESMC) at Patrick Air Force Base. After evaluating and analyzing this information, it was encoded in terms of parameters pertinent to ascertaining reliability and availability statistics, and then assembled into an appropriate database structure.

  19. Space flight risk data collection and analysis project: Risk and reliability database

    NASA Astrophysics Data System (ADS)

    1994-05-01

    The focus of the NASA 'Space Flight Risk Data Collection and Analysis' project was to acquire and evaluate space flight data with the express purpose of establishing a database containing measurements of specific risk assessment - reliability - availability - maintainability - supportability (RRAMS) parameters. The developed comprehensive RRAMS database will support the performance of future NASA and aerospace industry risk and reliability studies. One of the primary goals has been to acquire unprocessed information relating to the reliability and availability of launch vehicles and the subsystems and components thereof from the 45th Space Wing (formerly Eastern Space and Missile Command -ESMC) at Patrick Air Force Base. After evaluating and analyzing this information, it was encoded in terms of parameters pertinent to ascertaining reliability and availability statistics, and then assembled into an appropriate database structure.

  20. Shuttle Risk Progression: Use of the Shuttle Probabilistic Risk Assessment (PRA) to Show Reliability Growth

    NASA Technical Reports Server (NTRS)

    Hamlin, Teri L.

    2011-01-01

    It is important to the Space Shuttle Program (SSP), as well as future manned spaceflight programs, to understand the early mission risk and progression of risk as the program gains insights into the integrated vehicle through flight. The risk progression is important to the SSP as part of the documentation of lessons learned. The risk progression is important to future programs to understand reliability growth and the first flight risk. This analysis uses the knowledge gained from 30 years of operational flights and the current Shuttle PRA to calculate the risk of Loss of Crew and Vehicle (LOCV) at significant milestones beginning with the first flight. Key flights were evaluated based upon historical events and significant re-designs. The results indicated that the Shuttle risk tends to follow a step function as opposed to following a traditional reliability growth pattern where risk exponentially improves with each flight. In addition, it shows that risk can increase due to trading safety margin for increased performance or due to external events. Due to the risk drivers not being addressed, the risk did not improve appreciably during the first 25 flights. It was only after significant events occurred such as Challenger and Columbia, where the risk drivers were apparent, that risk was significantly improved. In addition, this paper will show that the SSP has reduced the risk of LOCV by almost an order of magnitude. It is easy to look back afte r 30 years and point to risks that are now obvious, however; the key is to use this knowledge to benefit other programs which are in their infancy stages. One lesson learned from the SSP is understanding risk drivers are essential in order to considerably reduce risk. This will enable the new program to focus time and resources on identifying and reducing the significant risks. A comprehensive PRA, similar to that of the Shuttle PRA, is an effective tool quantifying risk drivers if support from all of the stakeholders is given.

  1. Risk analysis and management in construction

    Microsoft Academic Search

    Malcolm J MacLeod

    1997-01-01

    The paper describes, on the basis of a questionnaire survey of general contractors and project management practices, the construction industry's perception of risk associated with its activities and the extent to which the industry uses risk analysis and management techniques. It concludes that risk management is essential to construction activities in minimizing losses and enhancing profitability. Construction risk is generally

  2. QUANTITATIVE RISK MANAGEMENT: CONCEPTS, TECHNIQUES AND TOOLS*

    E-print Network

    Embrechts, Paul

    QUANTITATIVE RISK MANAGEMENT: CONCEPTS, TECHNIQUES AND TOOLS* Paul Embrechts Department of Mathematics ETH Zurich www.math.ethz.ch/~embrechts #12;QUANTITATIVE RISK MANAGEMENT: CONCEPTS, TECHNIQUES Theorems of Quantitative Risk Management · PE's Desert-Island Copula · Example 1: Credit Risk · Example 2

  3. Risk Management Institute RMI Research Workshop Series

    E-print Network

    Chaudhuri, Sanjay

    Risk Management Institute RMI Research Workshop Series Light refreshments will be served during of risk management of volatility risk call for a model that can maintain some consistency across prices constructed from S&P 500 vanilla options. We conclude by drawing implications for risk management

  4. A Risk Management Plan for Katharine Brumbaugh

    E-print Network

    Lightsey, Glenn

    A Risk Management Plan for CubeSats Katharine Brumbaugh Ph.D. Student, Aerospace Engineering Review in Jan. 2013 · Selected for ELaNa in Spring 2012 (to be manifested) · Risk Management never truly Steps of a Detailed Risk Management Plan Main Step Sub-steps A. Identify Risks 1. Start with the mission

  5. PUBLIC LECTURE ANNOUNCEMENT RISK MANAGEMENT INSTITUTE

    E-print Network

    Chaudhuri, Sanjay

    PUBLIC LECTURE ANNOUNCEMENT RISK MANAGEMENT INSTITUTE NATIONAL UNIVERSITY OF SINGAPORE Tel: 6516-Keung Berkeley ­ NUS Risk Management Institute (RMI) DATE 1 February 2007 (Thursday) TIME 4pm ­ 5pm VENUE Blk S16 Marshall is a Managing Director with SunGard Asia Pacific, specialising in Enterprise Risk Management

  6. Risk Management Department of Human Resource Services

    E-print Network

    de Lijser, Peter

    Risk Management Department of Human Resource Services Workers' Compensation Update INJURY to identify and address potential safety hazards. It also assists Risk Management staff determine in a timely manager or supervisor will contact Risk Management to arrange transportation. An employee who needs

  7. Audit & Risk Management Committee Charter 1. Introduction

    E-print Network

    Botea, Adi

    2014 Audit & Risk Management Committee Charter 1. Introduction 1.1 The Australian National University (ANU) Council has established the Audit and Risk Management Committee (ARMC) in compliance's responsibilities are to: 5.5.1 Risk Management · review whether management has in place a current and comprehensive

  8. RISK MANAGEMENT HANDBOOK The UNIVERSITY of VERMONT

    E-print Network

    Hayden, Nancy J.

    RISK MANAGEMENT HANDBOOK UVM PEOPLE WORKING 2004 The UNIVERSITY of VERMONT #12;2 © 2004 University · Fire and Life Safety · Property Protection · Vehicle Safety · Liability Risk Management · Insurance & Claims Management RISK MANAGEMENT HANDBOOKThe UNIVERSITY of VERMONT #12;4 © 2004 University of Vermont

  9. Risk Management Department of Human Resource Services

    E-print Network

    de Lijser, Peter

    Risk Management Department of Human Resource Services Workers' Compensation Update RETURN TO WORK or supervisor upon returning to work. The manager or supervisor should fax a copy of the release to Risk, the University's Workers' Compensation Program Manager, at extension 2824 or visit the Risk Management Website

  10. Structured prototyping as risk management

    NASA Technical Reports Server (NTRS)

    Hornstein, Rhoda SH.; Gardner, J. A.; Willoughby, J. K.

    1991-01-01

    A methodology is presented for integrating the systems-engineering management recommendation of prototyping into the traditional project-management process for developing large-scale systems. The suggested methodology begins with the identification of life-cycle risk areas, outlines the structure and conduct of the prototyping process, and defines the composition of the prototyping team. The methodology includes a step-by-step procedure for creating, executing, and documenting a prototyping test plan to evaluate design alternatives. It is argued that managers who adopt this methodology and apply it rigorously will increase the likelihood that the systems they build will be operationally effective and will be accepted by the intended users.

  11. Is enterprise risk management real?

    Microsoft Academic Search

    Marika Arena; Michela Arnaboldi; Giovanni Azzone

    2011-01-01

    Moving from the growing relevance of the enterprise risk management (ERM) concept, this paper provides empirical evidence of ERM in practice. The paper presents ERM actual uses in a panel of nine Italian companies from different industrial fields and legislative settings and analyses the relationship between the uses and the characteristics of the ERM tool implemented in each case. The

  12. EDC- ENDOCRINE DISRUPTORS: RISK MANAGEMENT

    EPA Science Inventory

    Risk management research is needed to evaluate and develop tools for destroying or containing EDCs in soils at Superfund sites or in contaminated sediments. Engineering controls should be developed to address human exposure associated with EDCs in chemical production plants. Po...

  13. Risk management and climate change

    NASA Astrophysics Data System (ADS)

    Kunreuther, Howard; Heal, Geoffrey; Allen, Myles; Edenhofer, Ottmar; Field, Christopher B.; Yohe, Gary

    2013-05-01

    The selection of climate policies should be an exercise in risk management reflecting the many relevant sources of uncertainty. Studies of climate change and its impacts rarely yield consensus on the distribution of exposure, vulnerability or possible outcomes. Hence policy analysis cannot effectively evaluate alternatives using standard approaches, such as expected utility theory and benefit-cost analysis. This Perspective highlights the value of robust decision-making tools designed for situations such as evaluating climate policies, where consensus on probability distributions is not available and stakeholders differ in their degree of risk tolerance. A broader risk-management approach enables a range of possible outcomes to be examined, as well as the uncertainty surrounding their likelihoods.

  14. DHS Office of Risk Management and Analysis | May 2011 1 Risk Management Issue Brief May 2011

    E-print Network

    Schrijver, Karel

    DHS Office of Risk Management and Analysis | May 2011 1 Risk Management Issue Brief May 2011 Geomagnetic Storms: An Evaluation of Risks and Risk Assessments By the Office of Risk Management and Analysis to coordinate cross-Federal government geomagnetic storm risk analysis. This Issue Brief suggests

  15. Annex 2 Risk Management Guidance and Template SPO Project Management

    E-print Network

    underpins the key objective of risk management. Basic Principles and Process STFC's risk management policy communication and the management decision making process. Certain activities must be implemented as part assurance process. An outline of the steps used in the risk management process is shown below. Generally

  16. An Extensible Information Grid for Risk Management

    NASA Technical Reports Server (NTRS)

    Maluf, David A.; Bell, David G.

    2003-01-01

    This paper describes recent work on developing an extensible information grid for risk management at NASA - a RISK INFORMATION GRID. This grid is being developed by integrating information grid technology with risk management processes for a variety of risk related applications. To date, RISK GRID applications are being developed for three main NASA processes: risk management - a closed-loop iterative process for explicit risk management, program/project management - a proactive process that includes risk management, and mishap management - a feedback loop for learning from historical risks that escaped other processes. This is enabled through an architecture involving an extensible database, structuring information with XML, schemaless mapping of XML, and secure server-mediated communication using standard protocols.

  17. Risk management practices in global manufacturing investment

    E-print Network

    Kumar, Mukesh

    2010-07-06

    This thesis explores risk management practices in global manufacturing investment. It reflects the growing internationalisation of manufacturing and the increasing complexity and fragmentation of manufacturing systems. Issues of risk management have...

  18. Risk Management in Lean Product Development

    E-print Network

    Oehmen, Josef

    This whitepaper summarizes 15 years of research conducted at MIT's Lean Advancement Initiative on the topic of risk management in product design and development. It discusses current challenges in risk management for product ...

  19. Risk Management for Human Support Technology Development

    NASA Technical Reports Server (NTRS)

    jones, Harry

    2005-01-01

    NASA requires continuous risk management for all programs and projects. The risk management process identifies risks, analyzes their impact, prioritizes them, develops and carries out plans to mitigate or accept them, tracks risks and mitigation plans, and communicates and documents risk information. Project risk management is driven by the project goal and is performed by the entire team. Risk management begins early in the formulation phase with initial risk identification and development of a risk management plan and continues throughout the project life cycle. This paper describes the risk management approach that is suggested for use in NASA's Human Support Technology Development. The first step in risk management is to identify the detailed technical and programmatic risks specific to a project. Each individual risk should be described in detail. The identified risks are summarized in a complete risk list. Risk analysis provides estimates of the likelihood and the qualitative impact of a risk. The likelihood and impact of the risk are used to define its priority location in the risk matrix. The approaches for responding to risk are either to mitigate it by eliminating or reducing the effect or likelihood of a risk, to accept it with a documented rationale and contingency plan, or to research or monitor the risk, The Human Support Technology Development program includes many projects with independently achievable goals. Each project must do independent risk management, considering all its risks together and trading them against performance, budget, and schedule. Since the program can succeed even if some projects fail, the program risk has a complex dependence on the individual project risks.

  20. Risk management and hazardous wastes

    SciTech Connect

    Wynne, B.

    1987-01-01

    This book analyses the treatment of uncertainties within risk management and regulation for hazardous wastes, in five national case-studies. It is shown that, although institutional uncertainties vary between national political cultures, regulatory bureaucracies everywhere understate these more fundamental uncertainties (which are often structural conflicts, of different rationalities) and define them instead as marginal technical uncertainties or imprecision in risk-definitions. Close comparative analysis shows that technical regulatory standards depend upon their local institutional setting in systematic ways, so that conventional regulatory emphasis on technical precision or standardisation should be replaced by greater social negotiation, and educated public involvement and control.

  1. 77 FR 13585 - Electricity Subsector Cybersecurity Risk Management Process Guideline

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-03-07

    ...flexible risk management process tuned...diverse missions, equipment, and business...flexible risk management process tuned...diverse missions, equipment, and business...Cybersecurity Risk Management Process...

  2. 77 FR 30517 - Electricity Subsector Cybersecurity Risk Management Process

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-05-23

    ...flexible risk management process tuned...diverse missions, equipment, and business...flexible risk management process tuned...diverse missions, equipment, and business...Cybersecurity Risk Management Process...

  3. 42 CFR 441.476 - Risk management.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ...Self-Directed Personal Assistance Services Program § 441.476 Risk management. (a) The State must specify the risk assessment methods it uses to identify potential risks to the participant. (b) The State must specify any tools...

  4. 42 CFR 441.476 - Risk management.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ...Self-Directed Personal Assistance Services Program § 441.476 Risk management. (a) The State must specify the risk assessment methods it uses to identify potential risks to the participant. (b) The State must specify any tools...

  5. MCDM APPROACH TO FINANCIAL RISK MANAGEMENT

    Microsoft Academic Search

    Jerzy Michnik; Mei-Chen Lo

    Effective financial risk management, as the part of financial system, has strong impact on the performance of the enterprise. In this study two methods were used: (1) Analytic Hierarchy Process (AHP) method for setting the weights of financial risk management dimensions criteria; (2) Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) for assessment financial risk management relative performance

  6. 42 CFR 441.476 - Risk management.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ...2012-10-01 2012-10-01 false Risk management. 441.476 Section 441...Services Program § 441.476 Risk management. (a) The State must specify...The State must ensure that the risk management plan is the result of...

  7. The Future of Financial Risk Management: Lessons

    E-print Network

    Aronov, Boris

    The Future of Financial Risk Management: Lessons Charles S. Tapiero, Topfer Chair Distinguished Professor of Financial Engineering and Technology Management Department of Finance and Risk Engineering NYU, leading risk managers to turn to qualitative stress testingto turn to qualitative stresstesting, 4

  8. ENTERPRISE RISK MANAGEMENT PLAN Texas Transportation Institute

    E-print Network

    1 ENTERPRISE RISK MANAGEMENT PLAN Texas Transportation Institute The Texas A&M University System and a member of The Texas A&M University System. This document sets forth TTI's risk management plan and our strategy for enterprise risk management. This plan is intended to complement and expand upon the Institute

  9. HANDBOOK OF INTEGRATED RISK MANAGEMENT IN

    E-print Network

    Aydin, Goker

    HANDBOOK OF INTEGRATED RISK MANAGEMENT IN GLOBAL SUPPLY CHAINS Onur Boyabatli Lee Kong Chian School SUPPLY RISK MANAGEMENT Gšoker Aydin1 , Volodymyr Babich2 , Damian Beil3 , and Zhibin Yang4 1 Kelley of Integrated Risk Management in Global Supply Chains. By Boyabatli, Dong, Kouvelis and Li Copyright c 2010 John

  10. PUBLIC LECTURE ANNOUNCEMENT RISK MANAGEMENT INSTITUTE

    E-print Network

    Chaudhuri, Sanjay

    PUBLIC LECTURE ANNOUNCEMENT RISK MANAGEMENT INSTITUTE NATIONAL UNIVERSITY OF SINGAPORE Tel: 6516 Wong Berkeley ­ NUS Risk Management Institute (RMI) DATE 21 February 2007 (Wednesday) TIME 4pm ­ 5pm nonsynchronicities, and risk management. ABSTRACT In this lecture, I will present some worst case scenarios

  11. 42 CFR 441.476 - Risk management.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ...2014-10-01 2014-10-01 false Risk management. 441.476 Section 441...Services Program § 441.476 Risk management. (a) The State must specify...The State must ensure that the risk management plan is the result of...

  12. 42 CFR 441.476 - Risk management.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ...2013-10-01 2013-10-01 false Risk management. 441.476 Section 441...Services Program § 441.476 Risk management. (a) The State must specify...The State must ensure that the risk management plan is the result of...

  13. MASTER OF SCIENCE DEGREES IN Risk Management

    E-print Network

    Johnson Jr.,, Ray

    , and asset-liability management. Benefits of the Risk Management Degree at Queens College Earn your degree risk across businesses, specific transactions, and assets and liabilities--satisfies the New York StateMASTER OF SCIENCE DEGREES IN Risk Management About Queens College Often referred to as "the jewel

  14. Risk Management Institute RMI Research Workshop Series

    E-print Network

    Chaudhuri, Sanjay

    Risk Management Institute RMI Research Workshop Series Light refreshments will be served during in the Scientific Committee of the Risk Management Education program of the Italian Banking Association (ABI), where with the Economic Research Department of BCI-Comit, where he was head of the Forecast and Risk Management Mehods

  15. Risk Management Institute RMI Research Workshop Series

    E-print Network

    Chaudhuri, Sanjay

    Risk Management Institute RMI Research Workshop Series Light refreshments will be served during and the US . For more information on all our workshops & seminars, please visit Risk Management Institute at Salomon Brothers in 1992 focusing on pricing models and risk management of emerging market cash

  16. Risk Management BOARD OF TRUSTEES POLICY

    E-print Network

    Rainforth, Emma C.

    Risk Management BOARD OF TRUSTEES POLICY Section: 400 Section Title: Administration and Finance Policy Name: Risk Management Policy Number: 419 Approval Authority: Board of Trustees College Policy insurance coverage for expenses not covered by the State of New Jersey's Risk Management program

  17. RISK MANAGEMENT WITH GENERALIZED HYPERBOLIC DISTRIBUTIONS

    E-print Network

    Aluffi, Paolo

    RISK MANAGEMENT WITH GENERALIZED HYPERBOLIC DISTRIBUTIONS Wenbo Hu Bell Trading Chicago, IL, USA risk management requires an understanding of the range of possible uncertain future returns. Quantita for eq- uity risk management. These distributions were introduced in [1] in other contexts, and in [2

  18. 17 CFR 39.13 - Risk management.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ...2013-04-01 2013-04-01 false Risk management. 39.13 Section 39.13...Compliance with Core Principles § 39.13 Risk management. (a) General. A derivatives...that it possesses the ability to manage the risks associated with discharging the...

  19. Human factors in software security risk management

    Microsoft Academic Search

    Shareeful Islam; Wei Dong

    2008-01-01

    All kinds of human factors can deeply affect the results and efficiency of software risk management. This paper focuses on our ongoing work of studying human factors in security risk management. The human factors are identified and classified for the categories of individual, team, management and stakeholder, as well as for the activities of security risk identification, analysis and mitigation.

  20. Global supply chain risk management strategies

    Microsoft Academic Search

    Ila Manuj; John T. Mentzer

    2008-01-01

    Purpose – Global supply chains are more risky than domestic supply chains due to numerous links interconnecting a wide network of firms. These links are prone to disruptions, bankruptcies, breakdowns, macroeconomic and political changes, and disasters leading to higher risks and making risk management difficult. The purpose of this paper is to explore the phenomenon of risk management and risk

  1. Risk management in construction enterprises development

    Microsoft Academic Search

    Duan Xiang; Zhu Mingqiang

    2010-01-01

    With rapid economic development and the progressively more intense competition, building industries are facing the constant change, and these will bring risk to the enterprise development. Risk management is needed in the manufacturing course and has become the indispensable part of the national lash-up system. Based on the analysis of risk management situation of construction firms, the connotations of risk

  2. Security risk management using internal controls

    Microsoft Academic Search

    Simon N. Foley

    2009-01-01

    Rather than treating security as an independent technical concern, it should be considered as just another risk that needs to be managed alongside all other business risks. An Internal Controls approach to security risk management is proposed whereby automated catalogues are built in order to provide information about security controls used to mitigate risk in business processes. Real-time evaluation and

  3. Extending the risk process to manage opportunities

    Microsoft Academic Search

    David Hillson

    2002-01-01

    The traditional view of risk is negative, representing loss, hazard, harm and adverse consequences. But some current risk guidelines and standards include the possibility of “upside risk” or opportunity, i.e. uncertainties that could have a beneficial effect on achieving objectives. Despite this theory, most applications of the risk process still concentrate on managing threats, and approaches to opportunity management remain

  4. Risk Management Institute RMI Research Workshop Series

    E-print Network

    Chaudhuri, Sanjay

    Risk Management Institute RMI Research Workshop Series Light refreshments will be served during information on all our workshops & seminars, please visit Risk Management Institute website. Registration volatility and the term spread leads to a proxy for (i) aggregate risk, (ii) risk-premiums and (iii) monetary

  5. Enterprise and Supply Risk Management

    Microsoft Academic Search

    Michael Henke

    The Committee of Sponsoring Organizations of the Treadway Commission (COSO) introduced the “Enterprise Risk Management (ERM)\\u000a Framework” in 2004. COSO is an independent private sector initiative that is dedicated to improving the quality of financial\\u000a reporting through business ethics, effective internal controls, and corporate governance. Since the publishing of the COSO\\u000a report in 1992, its recommendations have become a guideline

  6. Risk Management in High Adventure Outdoor Pursuits.

    ERIC Educational Resources Information Center

    Cinnamon, Jerry

    This paper outlines management guidelines for outdoor adventure pursuits based on analysis of accident case studies in the literature. Managing risk, to a large degree, involves managing human errors related to natural environmental hazards. The knowledge needed to manage risk may be gained through personal experience (the most dangerous way),…

  7. Risk Management Institute Joint Seminar Joint Seminar -

    E-print Network

    Chaudhuri, Sanjay

    around their use of leverage. Research on optimal leverage in the money management industry, howeverRisk Management Institute Joint Seminar Joint Seminar - Risk Management Institute And Department A (S14, #03-10) Speaker Prof. Wang Hefei University of Illinois, Chicago Title Leverage Management

  8. 12 CFR 917.3 - Risk management.

    Code of Federal Regulations, 2014 CFR

    2014-01-01

    ...2014-01-01 2014-01-01 false Risk management. 917.3 Section 917.3 Banks...HOUSING FINANCE BOARD GOVERNANCE AND MANAGEMENT OF THE FEDERAL HOME LOAN BANKS POWERS...OF BANK BOARDS OF DIRECTORS AND SENIOR MANAGEMENT § 917.3 Risk management....

  9. 12 CFR 917.3 - Risk management.

    Code of Federal Regulations, 2013 CFR

    2013-01-01

    ...2013-01-01 2013-01-01 false Risk management. 917.3 Section 917.3 Banks...HOUSING FINANCE BOARD GOVERNANCE AND MANAGEMENT OF THE FEDERAL HOME LOAN BANKS POWERS...OF BANK BOARDS OF DIRECTORS AND SENIOR MANAGEMENT § 917.3 Risk management....

  10. Risk Management Department of Human Resource Services

    E-print Network

    de Lijser, Peter

    Risk Management Department of Human Resource Services Workers' Compensation Update WORKERS' COMPENSATION PHARMACY BENEFIT MANAGEMENT PROGRAM The California State University system has partnered with ScripNet to provide a Workers' Compensation Pharmacy Benefit Management Program beginning July 1, 2010

  11. Who Manages Risk? An Empirical Examination of Risk Management Practices in the Gold Mining Industry

    Microsoft Academic Search

    Peter Tufano

    1996-01-01

    This article examines a new database that details corporate risk management activity in the North American gold mining industry. The author finds little empirical support for the predictive power of theories that view risk management as a means to maximize shareholder value. However, firms whose managers hold more options manage less gold price risk, and firms whose managers hold more

  12. MSU Safety & Risk Management Page 1 of 2 SAFETY & RISK MANAGEMENT

    E-print Network

    Dyer, Bill

    MSU Safety & Risk Management Page 1 of 2 SAFETY & RISK MANAGEMENT OCCUPATIONAL HEALTH & SAFETY measures such as: engineering, administrative, personal protective equipment, and participation in an occupational health surveillance program. Department supervisors and managers are responsible for informing MSU

  13. Calysto: Risk Management for Commercial Manned Spaceflight

    NASA Technical Reports Server (NTRS)

    Dillaman, Gary

    2012-01-01

    The Calysto: Risk Management for Commercial Manned Spaceflight study analyzes risk management in large enterprises and how to effectively communicate risks across organizations. The Calysto Risk Management tool developed by NASA's Kennedy Space Center's SharePoint team is used and referenced throughout the study. Calysto is a web-base tool built on Microsoft's SharePoint platform. The risk management process at NASA is examined and incorporated in the study. Using risk management standards from industry and specific organizations at the Kennedy Space Center, three methods of communicating and elevating risk are examined. Each method describes details of the effectiveness and plausibility of using the method in the Calysto Risk Management Tool. At the end of the study suggestions are made for future renditions of Calysto.

  14. Risk analysis and risk management: an historical perspective

    Microsoft Academic Search

    Vincent T. Covello; Jeryl Mumpower

    1985-01-01

    This paper reviews the history of risk analysis and risk management, giving special emphasis to the neglected period prior to the 20th century. The overall objective of the paper is to: (1) dampen the prevailing tendency to view present-day concerns about risk in an ahistorical context; (2) shed light on the intellectual antecedents of current thinking about risk; (3) clarify

  15. Risk Policy and Risk Management Procedures The University's Risk Policy sets out The University's approach to risk and its

    E-print Network

    Aickelin, Uwe

    Risk Policy and Risk Management Procedures Preface The University's Risk Policy sets out The University's approach to risk and its management together with the means for identifying, analysing and managing risk in order to minimise its frequency and impact. The risks considered significant

  16. Spreadsheet Risk Management in Organisations

    E-print Network

    Rittweger, Ben G

    2010-01-01

    The paper examines in the context of financial reporting, the controls that organisations have in place to manage spreadsheet risk and errors. There has been widespread research conducted in this area, both in Ireland and internationally. This paper describes a study involving 19 participants (2 case studies and 17 by survey) from Ireland. Three areas are examined; firstly, the extent of spreadsheet usage, secondly, the level of complexity employed in spreadsheets, and finally, the controls in place regarding spreadsheets. The findings support previous findings of Panko (1998), that errors occur frequently in spreadsheets and that there is little or unenforced controls employed, however this research finds that attitudes are changing with regard to spreadsheet risk and that one organisation is implementing a comprehensive project regarding policies on the development and control of spreadsheets. Further research could be undertaken in the future to examine the development of a "best practice model" both for t...

  17. DEGRADATION SUSCEPTIBILITY METRICS AS THE BASES FOR BAYESIAN RELIABILITY MODELS OF AGING PASSIVE COMPONENTS AND LONG-TERM REACTOR RISK

    SciTech Connect

    Unwin, Stephen D.; Lowry, Peter P.; Toyooka, Michael Y.; Ford, Benjamin E.

    2011-07-17

    Conventional probabilistic risk assessments (PRAs) are not well-suited to addressing long-term reactor operations. Since passive structures, systems and components are among those for which refurbishment or replacement can be least practical, they might be expected to contribute increasingly to risk in an aging plant. Yet, passives receive limited treatment in PRAs. Furthermore, PRAs produce only snapshots of risk based on the assumption of time-independent component failure rates. This assumption is unlikely to be valid in aging systems. The treatment of aging passive components in PRA does present challenges. First, service data required to quantify component reliability models are sparse, and this problem is exacerbated by the greater data demands of age-dependent reliability models. A compounding factor is that there can be numerous potential degradation mechanisms associated with the materials, design, and operating environment of a given component. This deepens the data problem since the risk-informed management of materials degradation and component aging will demand an understanding of the long-term risk significance of individual degradation mechanisms. In this paper we describe a Bayesian methodology that integrates the metrics of materials degradation susceptibility being developed under the Nuclear Regulatory Commission's Proactive Management of Materials of Degradation Program with available plant service data to estimate age-dependent passive component reliabilities. Integration of these models into conventional PRA will provide a basis for materials degradation management informed by the predicted long-term operational risk.

  18. Risk management and biomedical devices.

    PubMed

    Robson, John; Yeo, Purdee; Riches, Mike; Carlisle, Tony; Kitto, Noel

    2005-01-01

    A method of ranking devices for replacement has been successfully trialled at Flinders Medical Centre (FMC). Software developed by Flinders Biomedical Engineering (see www.fbe.org.au) has been distributed to a network of device managers throughout FMC for the entry of easily determined parameters which relate to the likelihood of a device problem occurring and to the consequence of the problem. Algorithms developed by empirical methods calculate total risk scores that correlate well with previously used subjective methods of ranking devices for replacement, safety testing, preventative maintenance or repair. PMID:17282137

  19. Laboratory Information Management System Chain of Custody: Reliability and Security

    PubMed Central

    Tomlinson, J. J.; Elliott-Smith, W.; Radosta, T.

    2006-01-01

    A chain of custody (COC) is required in many laboratories that handle forensics, drugs of abuse, environmental, clinical, and DNA testing, as well as other laboratories that want to assure reliability of reported results. Maintaining a dependable COC can be laborious, but with the recent establishment of the criteria for electronic records and signatures by US regulatory agencies, laboratory information management systems (LIMSs) are now being developed to fully automate COCs. The extent of automation and of data reliability can vary, and FDA- and EPA-compliant electronic signatures and system security are rare. PMID:17671623

  20. Laboratory information management system chain of custody: reliability and security.

    PubMed

    Tomlinson, J J; Elliott-Smith, W; Radosta, T

    2006-01-01

    A chain of custody (COC) is required in many laboratories that handle forensics, drugs of abuse, environmental, clinical, and DNA testing, as well as other laboratories that want to assure reliability of reported results. Maintaining a dependable COC can be laborious, but with the recent establishment of the criteria for electronic records and signatures by US regulatory agencies, laboratory information management systems (LIMSs) are now being developed to fully automate COCs. The extent of automation and of data reliability can vary, and FDA- and EPA-compliant electronic signatures and system security are rare. PMID:17671623

  1. Tax risk management and the multinational enterprise

    Microsoft Academic Search

    Haroldene F. Wunder

    2009-01-01

    The financial scandals in the United States and other countries ushered in financial reporting and corporate governance reforms that extend beyond the U.S. Sarbanes-Oxley Act of 2002 (SOX). These initiatives have increased the international financial community's awareness of the importance of risk management and internal controls. Tax risk management and related internal controls have been accorded less focus than risk

  2. Risk Management in the Outdoor HPER Setting.

    ERIC Educational Resources Information Center

    Ewert, Alan

    1989-01-01

    This article discusses risk management in the outdoor physical education or recreation setting from the perspectives of traditional approaches to the problem, the assumption of risk concept, and the characteristics and attitudes of the participants. Guidelines for evaluating a risk management plan are included. (IAH)

  3. Operations Research in Finance and Risk Management

    E-print Network

    Deza, Antoine

    Operations Research in Finance and Risk Management Oleksandr Romanko McMaster University, Hamilton shortfall (ES) · ... Multi-Objective Optimization Examples #12;12 Financial problems: Risk management subject to certain constraints Examples: Finance: Minimize risk & Maximize return Business: Minimize cost

  4. Risk Management Institute RMI Research Workshop Series

    E-print Network

    Chaudhuri, Sanjay

    Risk Management Institute RMI Research Workshop Series Light refreshments will be served during and correlation in applications like financial risk management and option pricing. About the Speaker Wolfgang the break (4.10pm ­ 4.30pm) For more information on all our workshops & seminars, please visit Risk

  5. Risk Management Institute RMI Research Workshop Series

    E-print Network

    Chaudhuri, Sanjay

    Risk Management Institute RMI Research Workshop Series Light refreshments will be served during joined the Université de Montréal, where he held the Hydro-Québec Chair in Risk Management in the value of liquidity predicts not only lower risk premia for both on-the-run and off-the-run bonds

  6. Rangeland Risk Management for Texans: Types of Risk

    E-print Network

    White, Larry D.; Hanselka, C. Wayne

    2000-11-01

    the primary source of income for the family (10.5 percent) (Huett 1999). Those whose goals are to generate income and have a working ranch depend most on livestock for family income (41.4 percent and 21.7 percent, respectively). The risk management... of rainfall amounts Types of Risks Larry D. White and C. Wayne Hanselka Professors and Extension Range Specialists, The Texas A&M University System Rangeland Risk Management for Texans Risk Category Example Climatic risk Drought, severe winter Biological risk...

  7. Risk-based Statistical Testing: A Refinement-based Approach to the Reliability Analysis of

    E-print Network

    Paris-Sud XI, Université de

    1 Risk-based Statistical Testing: A Refinement- based Approach to the Reliability Analysis. These high- risk situations may be identified using commonly-known risk analysis techniques, e.g., failure in the development process and not only the risk of a system malfunction identified by a risk analysis, e.g., he

  8. Risk Management rev: January 11, 2007

    E-print Network

    Gilchrist, James F.

    Risk Management rev: January 11, 2007 [h:/agrmt-leases/research agrmts/research & testing agrmt ­ 1 is not available, University and/or Sponsor shall #12;Risk Management rev: January 11, 2007 [h the direction of the Project Manager. 1.2 "Agreement Term" is from the Effective Date through

  9. Corporate social reporting and reputation risk management

    Microsoft Academic Search

    Jan Bebbington; Carlos Larrinaga; Jose M. Moneva

    2008-01-01

    Purpose – The purpose of this paper is to explore the proposition that corporate social responsibility reporting could be viewed as both an outcome of, and part of reputation risk management processes. Design\\/methodology\\/approach – The paper draws heavily on management research. In addition, an image restoration framework is introduced. Findings – The concept of reputation risk management could assist in

  10. Risk Management Institute RMI Research Workshop Series

    E-print Network

    Chaudhuri, Sanjay

    Risk Management Institute RMI Research Workshop Series Light refreshments will be served during hypotheses testing. For more information on all our workshops & seminars, please visit Risk Management Columbia University in 2007. He also holds MBA degree in technology management from National Chiao- Tung

  11. Extreme Environments and Extreme Science: Reliability and Risk Assessment for Autonomous Systems with Application to Polar Campaigns

    NASA Astrophysics Data System (ADS)

    Trembanis, A.; Griffiths, G.

    2006-12-01

    Assessment of reliability and consequent risk to autonomous systems is an increasingly common and critical concern given the number of challenging new extreme environment research programs calling for the utilization of autonomous systems (e.g. AUVs, gliders, floats, etc.). The interest in using autonomous systems amongst the scientific community is particularly strong amongst polar research programs where so much vital area lies beyond the reach of traditional approaches. Therefore, the potential for scientific discovery is significantly increased, because of the very ability of autonomous systems to get to and gather information in the critical zones. The scientific merits and rewards of polar research are great but so too are the risks. There are risks both to mission success (i.e. science delivery) and risks to asset survival and recovery (i.e. retrieval). In polar settings the greatest increased risks are the complexities of operation (e.g. launch/recovery and retrieval) associated with sea ice and shelf ice. Even in open water settings the temporal and spatial dynamics of environmental conditions complicate the operation of autonomous systems. Very little systematic study and quantitative analysis has been conducted to evaluate the reliability and risk to autonomous systems in any operational setting let alone the demanding and increasingly sought after polar environments. Here we present some assessments of AUV reliability for polar and also non-polar settings drawing largely on datasets from both a large autonomous vehicle program (Autosub) and a small autonomous vehicle program (DOERRI) in order to illustrate key and common elements of reliability and risk that may provide insights to scientific end-users (PIs), program managers, and the developers and operators of other similar autonomous systems working in polar settings. An approach to risk management is laid out. Key risk mitigation elements are presented in categories of system stability and operational protocol based on existing datasets and hypothetical polar campaign scenarios. In particular we explore risk and reliability from the perspective of two key stakeholders 1) the owner/technical operator and 2) the scientific PI. Resolving the tensions and mutual interests between these two parties and the specific objectives and criteria for success/failure that they each bring to the table are at the center of a risk management program that must be undertaken prior to polar operations. We hope to engage a dialogue between scientific end-users and technical operators through a case study example demonstrating a framework for risk management suitable to autonomous systems especially in polar settings.

  12. Managing Research in a Risk World

    NASA Technical Reports Server (NTRS)

    Anton, W.; Havenhill, M.

    2014-01-01

    The Office of Chief Medical Officer (OCHMO) owns all human health and performance risks managed by the Human System Risk Board (HSRB). While the HSRB manages the risks, the Human Research Program (HRP) manages the research portion of the overall risk mitigation strategy for these risks. The HSRB manages risks according to a process that identifies and analyzes risks, plans risk mitigation and tracks and reviews the implementation of these strategies according to its decisions pertaining to the OCHMO risk posture. HRP manages risk research work using an architecture that describes evidence-based risks, gaps in our knowledge about characterizing or mitigating the risk, and the tasks needed to produce deliverables to fill the gaps and reduce the risk. A planning schedule reflecting expected research milestones is developed, and as deliverables and new evidence are generated, research progress is tracked via the Path to Risk Reduction (PRR) that reflects a risk's research plan for a design reference mission. HRP's risk research process closely interfaces with the HSRB risk management process. As research progresses, new deliverables and evidence are used by the HSRB in conjunction with other operational and non-research evidence to inform decisions pertaining to the likelihood and consequence of the risk and risk posture. Those decisions in turn guide forward work for research as it contributes to overall risk mitigation strategies. As HRP tracks its research work, it aligns its priorities by assessing the effectiveness of its contributions and maintaining specific core competencies that would be invaluable for future work for exploration missions.

  13. Continuous Risk Management: A NASA Program Initiative

    NASA Technical Reports Server (NTRS)

    Hammer, Theodore F.; Rosenberg, Linda

    1999-01-01

    NPG 7120.5A, "NASA Program and Project Management Processes and Requirements" enacted in April, 1998, requires that "The program or project manager shall apply risk management principles..." The Software Assurance Technology Center (SATC) at NASA GSFC has been tasked with the responsibility for developing and teaching a systems level course for risk management that provides information on how to comply with this edict. The course was developed in conjunction with the Software Engineering Institute at Carnegie Mellon University, then tailored to the NASA systems community. This presentation will briefly discuss the six functions for risk management: (1) Identify the risks in a specific format; (2) Analyze the risk probability, impact/severity, and timeframe; (3) Plan the approach; (4) Track the risk through data compilation and analysis; (5) Control and monitor the risk; (6) Communicate and document the process and decisions.

  14. Transforming project risk management into project uncertainty management

    Microsoft Academic Search

    Stephen Ward; Chris Chapman

    2003-01-01

    This paper argues that all current project risk management processes induce a restricted focus on the management of project uncertainty. In part this is because the term ‘risk’ encourages a threat perspective. In part this is because the term ‘risk’ has become associated with ‘events’ rather than more general sources of significant uncertainty. The paper discusses the reasons for this

  15. Assessing and Managing Risk with Suicidal Individuals

    ERIC Educational Resources Information Center

    Linehan, Marsh M.; Comtois, Katherine A.; Ward-Ciesielski, Erin F.

    2012-01-01

    The University of Washington Risk Assessment Protocol (UWRAP) and Risk Assessment and Management Protocol (UWRAMP) have been used in numerous clinical trials treating high-risk suicidal individuals over several years. These protocols structure assessors and treatment providers to provide a thorough suicide risk assessment, review standards of care…

  16. Risk contracts in managed mental health care

    Microsoft Academic Search

    Richard G. Frank; Thomas G. McGuire; Joseph P. Newhouse

    1995-01-01

    Prologue: The term risk contracting has become a familiar part of the vocabulary and the landscape of managed care. Risk contracting refers to an arrangement whereby the cost or claims risk for an insured population is borne by the entity that is desig- nated to bear risk: a prepaid plan or, as is increasingly the case for mental health care,

  17. Risk Budget management in progressing underground works

    Microsoft Academic Search

    Gerard Arends; Rolf Bielecki; John Castle; Stanislav Drabek; Alfred Haack; Frantisek Nedbal; Annica Nordmark; Ray Sterling

    2004-01-01

    There is a mass of detailed data concerning technical risk assessment methods and practices for underground work. But there is very little advice or guidance on the broad apportionment of the total risk between the various phases of an underground project or general advice on how risk might be managed. The Working Group has produced a generic Risk Budget covering

  18. RISK SEVERITY GUIDELINES For Issues Management Application

    E-print Network

    RISK SEVERITY GUIDELINES For Issues Management Application OIA/OCA Risk Methodology, Document # 04 monitoring and analysis Systematic non-compliance with regulations/contract and risks are analyzed, deemed high, controls in place to keep risks low 2 Moderate Hazard to the safety and health of workers

  19. Credit Risk: Pricing, Measurement, and Management

    Microsoft Academic Search

    Viral Acharya; Kenneth J. Singleton

    2005-01-01

    Credit risk is the major challenge for risk managers and market regulators. Banks, regulators and central banks do not agree on how to measure credit risk and, more particularly, on how to compute the optimal capital that is necessary for protecting the different partners that share this risk. Asking banks to keep too much capital in reserve to cover credit

  20. 7 CFR 2.44 - Administrator, Risk Management Agency and Manager, Federal Crop Insurance Corporation.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ...Administrator, Risk Management Agency and Manager, Federal Crop Insurance Corporation...Administrator, Risk Management Agency and Manager, Federal Crop Insurance Corporation...Administrator, Risk Management Agency, and Manager Federal Crop Insurance...

  1. Doctoral Education, Danger and Risk Management.

    ERIC Educational Resources Information Center

    McWilliam, Erica; Singh, Parlo; Taylor, Peter G.

    2002-01-01

    Examines how risk management is reworking the doctoral supervisor/candidate relationship. Examines "soft marking" (grading) as a specific domain in which risk minimization is producing new relational identities for both supervisors and students involved in doctoral studies programs. (EV)

  2. A disaster risk management performance index

    Microsoft Academic Search

    Martha Liliana Carreńo; Omar Darío Cardona; Alex H. Barbat

    2007-01-01

    The Risk Management Index, RMI, proposed in this paper, brings together a group of indicators that measure risk management\\u000a performance and effectiveness. These indicators reflect the organizational, development, capacity and institutional actions\\u000a taken to reduce vulnerability and losses in a given area, to prepare for crisis and to recover efficiently from disasters.\\u000a This index is designed to assess risk management

  3. Risk management in practice: how are we managing?

    Microsoft Academic Search

    Anne Harris

    2000-01-01

    Aims to identify awareness of and involvement in risk assessments, training, incident reporting, information giving and consenting in an acute health care context. Explores how nurse managers perceived risk management as a concept and if they saw advanced neonatal nurse practitioners having a role to play in this activity. The method used was a postal survey of 62 nurse managers

  4. Risk Management for the International Space Station

    NASA Technical Reports Server (NTRS)

    Sebastian, J.; Brezovic, Philip

    2002-01-01

    The International Space Station (ISS) is an extremely complex system, both technically and programmatically. The Space Station must support a wide range of payloads and missions. It must be launched in numerous launch packages and be safely assembled and operated in the harsh environment of space. It is being designed and manufactured by many organizations, including the prime contractor, Boeing, the NASA institutions, and international partners and their contractors. Finally, the ISS has multiple customers, (e.g., the Administration, Congress, users, public, international partners, etc.) with contrasting needs and constraints. It is the ISS Risk Management Office strategy to proactively and systematically manages risks to help ensure ISS Program success. ISS program follows integrated risk management process (both quantitative and qualitative) and is integrated into ISS project management. The process and tools are simple and seamless and permeate to the lowest levels (at a level where effective management can be realized) and follows the continuous risk management methodology. The risk process assesses continually what could go wrong (risks), determine which risks need to be managed, implement strategies to deal with those risks, and measure effectiveness of the implemented strategies. The process integrates all facets of risk including cost, schedule and technical aspects. Support analysis risk tools like PRA are used to support programatic decisions and assist in analyzing risks.

  5. A Roundtable Overview Managing Enterprise Risk

    E-print Network

    Shepherd, Simon

    by executive colleagues responsible for enterprise risk management, legal, audit and security. Executives direction -- including partners, suppliers and customers -- and need not stem from anything the firm itself

  6. Risk Management Questions for News Reporting Classes.

    ERIC Educational Resources Information Center

    Stiff, Cindy

    1995-01-01

    Reviews court rulings which demonstrate that the potential for liability is significant when students are injured on journalism assignments. Offers guidelines on risk management for journalism professors. (SR)

  7. [The management of risks by the global risk analysis].

    PubMed

    Desroches, A

    2013-05-01

    After a reminder on the fundamental concepts of the management of risk, the author describes the overall analysis of risk (AGR), name given by the author to the up-to-date APR method which after several changes of the initial process aims to cover a perimeter of analysis and broader management both at the level of structural that business risks of any kind throughout the system development life cycle, of the study of its feasibility to dismantling. PMID:23602675

  8. COMMUNICATING PROBABILISTIC RISK OUTCOMES TO RISK MANAGERS

    EPA Science Inventory

    Increasingly, risk assessors are moving away from simple deterministic assessments to probabilistic approaches that explicitly incorporate ecological variability, measurement imprecision, and lack of knowledge (collectively termed "uncertainty"). While the new methods provide an...

  9. Quick Fix for Managing Risks

    NASA Technical Reports Server (NTRS)

    2002-01-01

    Under a Phase II SBIR contract, Kennedy and Lumina Decision Systems, Inc., jointly developed the Schedule and Cost Risk Analysis Modeling (SCRAM) system, based on a version of Lumina's flagship software product, Analytica(R). Acclaimed as "the best single decision-analysis program yet produced" by MacWorld magazine, Analytica is a "visual" tool used in decision-making environments worldwide to build, revise, and present business models, minus the time-consuming difficulty commonly associated with spreadsheets. With Analytica as their platform, Kennedy and Lumina created the SCRAM system in response to NASA's need to identify the importance of major delays in Shuttle ground processing, a critical function in project management and process improvement. As part of the SCRAM development project, Lumina designed a version of Analytica called the Analytica Design Engine (ADE) that can be easily incorporated into larger software systems. ADE was commercialized and utilized in many other developments, including web-based decision support.

  10. Reliability and validity of the Persian (Farsi) version of the Risk Perception Survey-Diabetes Mellitus.

    PubMed

    Soltanipour, S; Heidarzadeh, A; Jafarinezhad, A

    2014-03-01

    Knowledge of patients' risk perceptions is essential for the management of chronic diseases. This study aimed to assess the reliability and validity of a Persian (Farsi) language translation of the Risk Perception Survey-Diabetes Mellitus. After forward-backward translation the RPS-DM was randomly administered to 106 adult patients with diabetes who were enrolled in a teaching referral clinic in the north of the Islamic Republic of Iran (Rasht). Internal consistency and exploratory factor analysis were applied. The minimum value for internal consistency was 0.50 for risk knowledge and the highest value was 0.88 on the optimistic bias subscale. Principal component analysis showed that the items of the composite risk score matched with the same items in the English language version, except for question numbers 16, 24 and 25. The Persian version of RPS-DM is the first standardized tool for measuring risk perception and knowledge about diabetes complications in the Islamic Republic of Iran. PMID:24950077

  11. Overview of Risk Management for Engineered Nanomaterials

    NASA Astrophysics Data System (ADS)

    Schulte, P. A.; Geraci, C. L.; Hodson, L. L.; Zumwalde, R. D.; Kuempel, E. D.; Murashov, V.; Martinez, K. F.; Heidel, D. S.

    2013-04-01

    Occupational exposure to engineered nanomaterials (ENMs) is considered a new and challenging occurrence. Preliminary information from laboratory studies indicates that workers exposed to some kinds of ENMs could be at risk of adverse health effects. To protect the nanomaterial workforce, a precautionary risk management approach is warranted and given the newness of ENMs and emergence of nanotechnology, a naturalistic view of risk management is useful. Employers have the primary responsibility for providing a safe and healthy workplace. This is achieved by identifying and managing risks which include recognition of hazards, assessing exposures, characterizing actual risk, and implementing measures to control those risks. Following traditional risk management models for nanomaterials is challenging because of uncertainties about the nature of hazards, issues in exposure assessment, questions about appropriate control methods, and lack of occupational exposure limits (OELs) or nano-specific regulations. In the absence of OELs specific for nanomaterials, a precautionary approach has been recommended in many countries. The precautionary approach entails minimizing exposures by using engineering controls and personal protective equipment (PPE). Generally, risk management utilizes the hierarchy of controls. Ideally, risk management for nanomaterials should be part of an enterprise-wide risk management program or system and this should include both risk control and a medical surveillance program that assesses the frequency of adverse effects among groups of workers exposed to nanomaterials. In some cases, the medical surveillance could include medical screening of individual workers to detect early signs of work-related illnesses. All medical surveillance should be used to assess the effectiveness of risk management; however, medical surveillance should be considered as a second line of defense to ensure that implemented risk management practices are effective.

  12. Risk Management in a Service Business

    Microsoft Academic Search

    Kenneth W. Hollman; Jack E. Forrest

    1991-01-01

    Service businesses, like product manufacturers, face loss exposures-sets of circumstances that could give rise to losses. The losses may never occur, but the firm must plan for the possibility that they will. Risk management involves the treatment of loss exposures in a cost-effective manner to protect the firm against losses of a fortuitous nature. The risk management process as it

  13. Integrated Disaster Risk Management of China

    Microsoft Academic Search

    Peijun Shi; Jing Liu; Qinghai Yao; Di Tang; Xi Yang

    This paper firstly introduces the disaster (public security) status quo and situation of China briefly, and then gives a detailed explanation of the integrated disaster risk management system. China is one of the most natural disaster affected countries in the world. The disaster risk reduction work in China includes the pre-disaster decentralized management with separate fields and departments, the in-disaster

  14. Preoperative evaluation : risk management and implementation aspects

    Microsoft Academic Search

    W. A. van Klei

    2002-01-01

    In preoperative risk management the anesthesiologist uses diagnostic information to estimate the probability of outcomes and to decide on the anesthetic strategy in a particular patient. The aim of this thesis was explore to what extent simple patient characteristics, particularly obtained from preoperative patient history and physical examination, could contribute to preoperative risk management. Furthermore, the implementation of outpatient preoperative

  15. The Risk Management Plan: Promises and Pitfalls.

    ERIC Educational Resources Information Center

    Ewert, Alan

    1984-01-01

    Reviews the history of risk management and currently popular risk management tools, e.g., item-decision model and frequency/severity matrix. Discusses the safety record of outdoor adventure programs including data on injury rates and frequent accident types. Argues for flexible and realistic safety procedures and serious study of the phenomenon of…

  16. National Ignition Facility Risk Management Plan

    Microsoft Academic Search

    Brereton

    1997-01-01

    The NIF Risk Management Plan has been prepared in accordance with the DOE Life Cycle Asset Management Good Practice Guide to support Critical Decision 3 of the NIF Project. The objectives of the plan are to: 1) identify the risks to the completion of the Project in terms of meeting technical and regulatory requirements, cost, and schedule, 2) assess the

  17. Critical success factors for risk management systems

    Microsoft Academic Search

    Niam Yaraghi; Roland G. Langhe

    2011-01-01

    Despite the existence of extensive literature regarding risk management, there still seems to be lack of knowledge in the identification of critical success factors (CSFs) in this area. In this research, grounded theory is implemented to identify CSFs in risk management systems (RMS). Factor analysis and one?sample t?tests are then used to refine and rank the CSFs on the basis

  18. Risk Management Institute RMI Research Workshop Series

    E-print Network

    Chaudhuri, Sanjay

    Risk Management Institute RMI Research Workshop Series Light refreshments will be served during the break (4.10pm ­ 4.30pm) For more information on all our workshops & seminars, please visit Risk Management Institute website. Registration is not required. For enquiries, please contact Chris Long at 6516

  19. Risk Management Institute RMI Research Workshop Series

    E-print Network

    Chaudhuri, Sanjay

    Risk Management Institute RMI Research Workshop Series Light refreshments will be served during management, and corporate finance at undergraduate, MBA and PhD levels at the University of Alberta in Canada as a referee for many finance journals. For more information on all our workshops & seminars, please visit Risk

  20. Public Sector Risk Management: A Specific Model

    Microsoft Academic Search

    Ted Lawlor

    2002-01-01

    Risk management programs for state mental health authorities are generally limited in scope and reactive in nature. Recent changes in how mental health care is provided render it necessary to redirect the risk management focus from its present institutional basis to a statewide, network-based paradigm that is integrated across public and private inpatient and community programs alike. These changes include

  1. How Experienced Project Managers Assess Risk

    Microsoft Academic Search

    Tony Moynihan

    1997-01-01

    Software development projects, given their diverse and abstract nature, offer unique challenges and risks. Although a substantial body of literature has been written to address project risk management, my experience in the field led me to question whether this literature accurately mirrors the concerns of real-world project managers. To confirm my suspicions, I surveyed 14 experienced application systems developers, all

  2. Software Risk Management: Principles and Practices

    Microsoft Academic Search

    Barry W. Boehm

    1991-01-01

    The emerging discipline of software risk management is described. It is defined as an attempt to formalize the risk-oriented correlates of success into a readily applicable set of principles and practices. Its objectives are to identify, address, and eliminate risk items before they become either threats to successful software operation or major sources of software rework. The basic concepts are

  3. Risk Management in Forestry - Possible Solution Approaches

    Microsoft Academic Search

    LARS RELUND; ANDERS RINGGAARD KRISTENSEN

    Risk management has received increased attention in the forest economics literature. Forest owners making harvesting decisions face many uncertain parameters such as price uncertainty, uncertainty about future growth and quality etc. The cost of ignoring these risk factors may be high. This note presents a simple multi-level hierarchic Markov decision pro- cess modelling a forest stand. Three risk criteria are

  4. MULTINATIONAL FINANCE AND INTERNATIONAL RISK MANAGEMENT

    E-print Network

    Wu, Yih-Min

    1 MULTINATIONAL FINANCE AND INTERNATIONAL RISK MANAGEMENT NATIONAL TAIWAN UNIVERSITY SPRING 2010 first on the issue of currency risk and the impact of it on multinational corporations and investing practices. It explores the many factors contributing to exchange rate determination, examines currency risk

  5. Risk Management for Distributed Authorization Christian Skalka

    E-print Network

    Skalka, Christian

    Risk Management for Distributed Authorization Christian Skalka University of Vermont X. Sean Wang, realistic considerations may associate risk with some of these elements, for example some actors may be less trusted than others. Furthermore, practical online authorization may require certain levels of risk

  6. Landslide risk assessment and management: an overview

    Microsoft Academic Search

    F. c. Dai; C. f. Lee; Y. y. Ngai

    2002-01-01

    Landslides can result in enormous casualties and huge economic losses in mountainous regions. In order to mitigate landslide hazard effectively, new methodologies are required to develop a better understanding of landslide hazard and to make rational decisions on the allocation of funds for management of landslide risk. Recent advances in risk analysis and risk assessment are beginning to provide systematic

  7. Human error data collection as a precursor to the development of a human reliability assessment capability in air traffic management

    Microsoft Academic Search

    Barry Kirwan; W. Huw Gibson; Brian Hickling

    2008-01-01

    Quantified risk and safety assessments are now required for safety cases for European air traffic management (ATM) services. Since ATM is highly human-dependent for its safety, this suggests a need for formal human reliability assessment (HRA), as carried out in other industries such as nuclear power. Since the fundamental aspect of HRA is human error data, in the form of

  8. Dairy Cooperatives ’ Role in Managing Price Risks

    E-print Network

    United States; Price Risks Abstract; K. Charles Ling; Carolyn Betts Liebr

    1996-01-01

    Prices for milk and dairy products have become increasingly unstable as the Government support safety net has been lowered. Dairy cooperatives’ traditional pricing system is delineated and their role in the new market environment is discussed. Some of the risks involved in using emerging hedging mechanisms such as futures, options, and forward contracting for managing price risks are assessed. The traditional pricing system in regard to managing price risks is evaluated. Guidelines for developing a cooperative’s hedging strategy are suggested.

  9. Using Risk Assessment Methodologies to Meet Management Objectives

    NASA Technical Reports Server (NTRS)

    DeMott, D. L.

    2015-01-01

    Current decision making involves numerous possible combinations of technology elements, safety and health issues, operational aspects and process considerations to satisfy program goals. Identifying potential risk considerations as part of the management decision making process provides additional tools to make more informed management decision. Adapting and using risk assessment methodologies can generate new perspectives on various risk and safety concerns that are not immediately apparent. Safety and operational risks can be identified and final decisions can balance these considerations with cost and schedule risks. Additional assessments can also show likelihood of event occurrence and event consequence to provide a more informed basis for decision making, as well as cost effective mitigation strategies. Methodologies available to perform Risk Assessments range from qualitative identification of risk potential, to detailed assessments where quantitative probabilities are calculated. Methodology used should be based on factors that include: 1) type of industry and industry standards, 2) tasks, tools, and environment 3) type and availability of data and 4) industry views and requirements regarding risk & reliability. Risk Assessments are a tool for decision makers to understand potential consequences and be in a position to reduce, mitigate or eliminate costly mistakes or catastrophic failures.

  10. Nonparametric risk management and implied risk aversion

    Microsoft Academic Search

    Andrew W. Lo

    2000-01-01

    Typical value-at-risk (VaR) calculations involve the probabilities of extreme dollar losses, based on the statistical distributions of market prices. Such quantities do not account for the fact that the same dollar loss can have two very different economic valuations, depending on business conditions. We propose a nonparametric VaR measure that incorporates economic valuation according to the state-price density associated with

  11. Risk management in construction industry

    Microsoft Academic Search

    Nadeem Ehsan; Ebtisam Mirza; Mehmood Alam; Azam Ishaque

    2010-01-01

    Construction industry is highly risk prone, with complex and dynamic project environments creating an atmosphere of high uncertainty and risk. The industry is vulnerable to various technical, sociopolitical and business risks. The track record to cope with these risks has not been very good in construction industry. As a result, the people working in the industry bear various failures, such

  12. Rangeland Risk Management for Texans: Drought

    E-print Network

    Hart, Charles R.

    2000-11-01

    overgrazing. Drought Charles R. Hart Associate Professor and Extension Range Specialist, The Texas A&M University Sytem Rangeland Risk Management for Texans E-111 10-00 ? Have a systematic stock reduction plan before droughts occur. Systematically reducing... conditions. Decide whether you will use flexible herd or moderate stocking rate. Practice risk management rather than crisis management; be proactive rather than reac- tive. ? Know the costs of feeding versus de-stocking. Consider in advance the costs...

  13. Legally Speaking: Public Procurement's Three Pillars of Risk Management

    Microsoft Academic Search

    Aldridge LLP

    Summary. Risk management is activity undertaken in an organization to identify and manage threats to achieving organizational objectives. In 2004, the Committee of Sponsoring Organizations published its Enterprise Risk Management - Integrated Framework as a structured approach to risk management. Using three pillars of procurement risk management -- procurement planning, solicitation and award, and contract management - this paper will

  14. [Does clinical risk management require a structured conflict management?].

    PubMed

    Neumann, Stefan

    2015-01-01

    A key element of clinical risk management is the analysis of errors causing near misses or patient damage. After analyzing the causes and circumstances, measures for process improvement have to be taken. Process management, human resource development and other established methods are used. If an interpersonal conflict is a contributory factor to the error, there is usually no structured conflict management available which includes selection criteria for various methods of conflict processing. The European University Viadrina in Frankfurt (Oder) has created a process model for introducing a structured conflict management system which is suitable for hospitals and could fill the gap in the methodological spectrum of clinical risk management. There is initial evidence that a structured conflict management reduces staff fluctuation and hidden conflict costs. This article should be understood as an impulse for discussion on to what extent the range of methods of clinical risk management should be complemented by conflict management. PMID:25421136

  15. Risk Management Plans (Executive Summaries)

    NSDL National Science Digital Library

    The Right-to-Know Network (RTK Net) has recently placed a large database of summaries (approximately 14,000) of risk management plans (RMPs) concerning "worst-case" and less severe accident scenarios at chemical facilities. The RMPs were required of certain chemical facilities and presented to the US Environmental Protection Agency (EPA), which originally intended to place them online. However, Congress and the White House, spurred on by warnings of security specialists, objected, arguing that this document might serve as a road map to would-be terrorists. The worst-case-scenario information has been exempted from the Freedom of Information Act for one year to allow the Administration time to address these security concerns. RTK Net has made these more easily available in the interest of public awareness and to confront chemical companies that have tried to hide or at least downplay chemical releases. Users can browse the RMPs by state or conduct a keyword search. The About the Data section also offers a number of related links.

  16. Risk Management Department of Human Resource Services

    E-print Network

    de Lijser, Peter

    Risk Management Department of Human Resource Services Workers' Compensation Update ACCOUNTING by the University's Workers' Compensation Program Manager. When this occurs, the employee should be paid' Compensation Program Manager, at 657-278-2824. Contact Information 2600 E. Nutwood Ave. Suite CP-700 Fullerton

  17. The Troll HSE Risk Management System

    SciTech Connect

    Wiig, E.; Berthelsen, I.; Donovan, K.

    1996-12-31

    The Petroleum Act and Internal Control regulations in Norway lay down requirements for how HSE shall be Managed and documented. To comply with the Norwegian legislation the Troll Project has developed an HSE Risk Management System (RMS) structured around Hazards and Effects Management. The resulting quality, technical and operating integrity, and HSE performance are an endorsement of the power of RMS.

  18. Intelligent adversary risk analysis: a bioterrorism risk management model.

    PubMed

    Parnell, Gregory S; Smith, Christopher M; Moxley, Frederick I

    2010-01-01

    The tragic events of 9/11 and the concerns about the potential for a terrorist or hostile state attack with weapons of mass destruction have led to an increased emphasis on risk analysis for homeland security. Uncertain hazards (natural and engineering) have been successfully analyzed using probabilistic risk analysis (PRA). Unlike uncertain hazards, terrorists and hostile states are intelligent adversaries who can observe our vulnerabilities and dynamically adapt their plans and actions to achieve their objectives. This article compares uncertain hazard risk analysis with intelligent adversary risk analysis, describes the intelligent adversary risk analysis challenges, and presents a probabilistic defender-attacker-defender model to evaluate the baseline risk and the potential risk reduction provided by defender investments. The model includes defender decisions prior to an attack; attacker decisions during the attack; defender actions after an attack; and the uncertainties of attack implementation, detection, and consequences. The risk management model is demonstrated with an illustrative bioterrorism problem with notional data. PMID:20002893

  19. PRESIDENTIAL COMMISSION ON RISK ASSESSMENT AND RISK MANAGEMENT

    EPA Science Inventory

    September 26, 1997. The Presidential/Congressional Commission on Risk Assessment and Risk Management, which was mandated as part of the Clean Air Act Amendments of 1990, was disbanded on August 31, 1997, with some staff work continuing into September. The reports and asso...

  20. Risk management and prevention plans: An opportunity for risk communication

    Microsoft Academic Search

    R. R. Roberts; J. B. Weiss; C. Weber

    1992-01-01

    Article 2 of Chapter 6.95 of the California Health and Safety Code, the so-called Risk Management and Prevention Program (RMPP), requires facilities that handle, store, and\\/or manufacture acutely hazardous materials (AHMs - equivalently, extremely hazardous substances or highly hazardous materials) identify hazards associated with each AHM and implement risk reduction measures. Risk reduction can be in the form of changes

  1. 76 FR 57723 - Electricity Sector Cybersecurity Risk Management Process Guideline

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-16

    ...Electricity Sector Cybersecurity Risk Management Process Guideline AGENCY: Department...Electricity Sector Cybersecurity Risk Management Process Guideline. The guideline describes a risk management process that is targeted to the...

  2. 48 CFR 39.102 - Management of risk.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ...2013-10-01 2013-10-01 false Management of risk. 39.102 Section 39...TECHNOLOGY General 39.102 Management of risk. (a) Prior to entering...funding availability, and program management risk. (c) Appropriate...

  3. 12 CFR 704.21 - Enterprise risk management.

    Code of Federal Regulations, 2014 CFR

    2014-01-01

    ...2014-01-01 false Enterprise risk management. 704.21 Section 704...UNIONS § 704.21 Enterprise risk management. (a) A corporate credit...develop and follow an enterprise risk management policy. (b) The...

  4. 48 CFR 39.102 - Management of risk.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ...2012-10-01 2012-10-01 false Management of risk. 39.102 Section 39...TECHNOLOGY General 39.102 Management of risk. (a) Prior to entering...funding availability, and program management risk. (c) Appropriate...

  5. 12 CFR 704.21 - Enterprise risk management.

    Code of Federal Regulations, 2013 CFR

    2013-01-01

    ...2013-01-01 false Enterprise risk management. 704.21 Section 704...UNIONS § 704.21 Enterprise risk management. (a) A corporate credit...develop and follow an enterprise risk management policy. (b) The...

  6. 48 CFR 39.102 - Management of risk.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ...2014-10-01 2014-10-01 false Management of risk. 39.102 Section 39...TECHNOLOGY General 39.102 Management of risk. (a) Prior to entering...funding availability, and program management risk. (c) Appropriate...

  7. 12 CFR 652.30 - Interest rate risk management.

    Code of Federal Regulations, 2014 CFR

    2014-01-01

    ...2014-01-01 false Interest rate risk management. 652.30 Section 652... § 652.30 Interest rate risk management. (a) The board of directors...supervision) of interest rate risk management and must be knowledgeable...

  8. Pensions Risk and Investment Management Evening Open Programme Registration form

    E-print Network

    Howe, Jacob

    and alternative assets Portfolio management DB investment strategy (2): Liability Driven Investment DC investment income Equities Risk and risk management DB investment strategy (1): Asset allocation DerivativesPensions Risk and Investment Management Evening Open Programme Registration form Programme Fee

  9. NUSSantander Doctorate Workshop in Advanced Financial Risk Management

    E-print Network

    Chaudhuri, Sanjay

    NUSSantander Doctorate Workshop in Advanced Financial Risk Management 1620 July 2012: DBSSSGSG. Cheques and bank drafts to be sent to: National University of Singapore. Risk Management not turn up for the workshop. #12; VENUE National University of Singapore, Risk Management

  10. National Flood Risk Management Planning Center of Expertise

    E-print Network

    US Army Corps of Engineers

    National Flood Risk Management Planning Center of Expertise The Flood Risk Management Planning Center of Expertise (FRM-PCX) was established and Reallocation, Hydropower, and Flood Risk Management. The FRM-PCX is a virtual

  11. Reliability and Probabilistic Risk Assessment - How They Play Together

    NASA Technical Reports Server (NTRS)

    Safie, Fayssal M.; Stutts, Richard; Huang, Zhaofeng

    2015-01-01

    The objective of this presentation is to discuss the PRA process and the reliability engineering discipline, their differences and similarities, and how they are used as complimentary analyses to support design and flight decisions.

  12. Risk Assessment & Management This chapter presents the Council's approach to addressing uncertainty and managing risk. After

    E-print Network

    Risk Assessment & Management This chapter presents the Council's approach to addressing uncertainty and managing risk. After reviewing the reasons for addressing uncertainty in the Council's Fifth Power Plan the studies evaluated the performance of resource plans under uncertainty, including their associated risk

  13. Risk Management Policy Date: 08/01/2013

    E-print Network

    Brierley, Andrew

    Risk Management Policy Date: 08/01/2013 Approving body: Risk Management Group Version number: 2013.01 Steward: Brian Kennedy, Risk Adviser Principles Through a process of Risk Management, the University objectives. In particular, Risk Management has the aim of helping to protect the University's reputation

  14. Risk Management Office University of California, Santa Barbara

    E-print Network

    Liebling, Michael

    Risk Management Office University of California, Santa Barbara List of Caterers Approved to Work' Compensation; AIE = Additional Insured Endorsement 1Pg. #12;Risk Management Office University of California

  15. Risk Management Office University of California, Santa Barbara

    E-print Network

    Liebling, Michael

    Risk Management Office University of California, Santa Barbara List of Caterers Approved to Work = Workers' Compensation; AIE = Additional Insured Endorsement 1Pg. #12;Risk Management Office University

  16. Software Risk Management and Insurance Institute for Software Research,

    E-print Network

    Raz, Orna

    Software Risk Management and Insurance Orna Raz Institute for Software Research, International your business. If we could find ways to estimate and manage such risks, this development model would to create such software. Risk management consists of risk assessment and risk con­ trol [7]. Risk assessment

  17. Software Risk Management and Insurance Institute for Software Research,

    E-print Network

    Raz, Orna

    Software Risk Management and Insurance Orna Raz Institute for Software Research, International your business. If we could find ways to estimate and manage such risks, this development model would to create such software. Risk management consists of risk assessment and risk con- trol [7]. Risk assessment

  18. RMI 357e spring 2012 Introduction to Risk Management & Insurance

    E-print Network

    Ghosh, Joydeep

    RMI 357e ­ spring 2012 1 Introduction to Risk Management & Insurance R M 357e Professor: Olga Trofimova Olga.trofimova@utexas.edu Syllabus ­ spring 2012 Textbook Principles of Risk Management Management: 357E. Introduction to Risk Management - Upper-Division Course Principles of risk management

  19. Reliability

    NSDL National Science Digital Library

    Edwin P. Christmann

    2008-11-01

    In essence, reliability is the consistency of test results. To understand the meaning of reliability and how it relates to validity, imagine going to an airport to take flight #007 from Pittsburgh to San Diego. If, every time the airplane makes the flight

  20. Risk management integration into complex project organizations

    NASA Technical Reports Server (NTRS)

    Fisher, K.; Greanias, G.; Rose, J.; Dumas, R.

    2002-01-01

    This paper describes the approach used in designing and adapting the SIRTF prototype, discusses some of the lessons learned in developing the SIRTF prototype, and explains the adaptability of the risk management database to varying levels project complexity.

  1. Incentive Games and Mechanisms for Risk Management

    E-print Network

    Alpcan, Tansu

    2010-01-01

    Incentives play an important role in (security and IT) risk management of a large-scale organization with multiple autonomous divisions. This paper presents an incentive mechanism design framework for risk management based on a game-theoretic approach. The risk manager acts as a mechanism designer providing rules and incentive factors such as assistance or subsidies to divisions or units, which are modeled as selfish players of a strategic (noncooperative) game. Based on this model, incentive mechanisms with various objectives are developed that satisfy efficiency, preference-compatibility, and strategy-proofness criteria. In addition, iterative and distributed algorithms are presented, which can be implemented under information limitations such as the risk manager not knowing the individual units' preferences. An example scenario illustrates the framework and results numerically. The incentive mechanism design approach presented is useful for not only deriving guidelines but also developing computer-assistan...

  2. Comparing Product Development Processes and Managing Risk

    E-print Network

    Unger, Darian W.

    Product Development Processes (PDPs) require careful design to reduce development time, create better products and manage the risks of bringing new products to market. This paper investigates the relationship between product ...

  3. LISTSERVER - NATIONAL RISK MANAGEMENT RESEARCH LABORATORY

    EPA Science Inventory

    To expand and improve communication to stakeholders, the National Risk Management Research Laboratory (NRMRL) has established a listserver to more quickly announce publications, workshops, conferences, and other activities related to NRMRL's research activities. The listserver i...

  4. Essays in banking and risk management

    E-print Network

    Vickery, James Ian, 1974-

    2004-01-01

    (cont.) Risk Management have begun implementing strategies to provide commodity price and weather insurance in the developing world. In Chapter 3 (joint with Professor Rob Townsend from the University of Chicago), we examine ...

  5. The NASA Continuous Risk Management Process

    NASA Technical Reports Server (NTRS)

    Pokorny, Frank M.

    2004-01-01

    As an intern this summer in the GRC Risk Management Office, I have become familiar with the NASA Continuous Risk Management Process. In this process, risk is considered in terms of the probability that an undesired event will occur and the impact of the event, should it occur (ref., NASA-NPG: 7120.5). Risk management belongs in every part of every project and should be ongoing from start to finish. Another key point is that a risk is not a problem until it has happened. With that in mind, there is a six step cycle for continuous risk management that prevents risks from becoming problems. The steps are: identify, analyze, plan, track, control, and communicate & document. Incorporated in the first step are several methods to identify risks such as brainstorming and using lessons learned. Once a risk is identified, a risk statement is made on a risk information sheet consisting of a single condition and one or more consequences. There can also be a context section where the risk is explained in more detail. Additionally there are three main goals of analyzing a risk, which are evaluate, classify, and prioritize. Here is where a value is given to the attributes of a risk &e., probability, impact, and timeframe) based on a multi-level classification system (e.g., low, medium, high). It is important to keep in mind that the definitions of these levels are probably different for each project. Furthermore the risks can be combined into groups. Then, the risks are prioritized to see what risk is necessary to mitigate first. After the risks are analyzed, a plan is made to mitigate as many risks as feasible. Each risk should be assigned to someone in the project with knowledge in the area of the risk. Then the possible approaches to choose from are: research, accept, watch, or mitigate. Next, all risks, mitigated or not, are tracked either individually or in groups. As the plan is executed, risks are re-evaluated, and the attribute values are adjusted as necessary. Metrics are established and monitored as tools for risk tracking. Also a trigger or threshold should be set on the metric data that indicates when an action is needed. Results of this tracking are usually evaluated and reported in a relevant format at weekly or monthly meetings. Choosing controls is the subsequent step, which involves the effects of the tracking. The three basic controls are: close, continue tracking, and re- plan. Finally communicate & document is the last step, but occurs throughout the process. It is vital that main risks, plans, changes, and progress are known by everyone in the project. A good way to keep everyone updated and inform other projects of common issues is by thoroughly documenting project risks. NASA sees value in risk management and believes that projects have greater probability or success by using the NASA Continuous Risk Management Process.

  6. System reliability and risk assessment task goals and status

    NASA Astrophysics Data System (ADS)

    Cruse, T. A.; Mahadevan, S.

    1991-05-01

    The major focus for continued development of the Numerical Evaluation of Stochastic Structures Under Stress (NESSUS) codes is in support of system testing and certification of advanced propulsion systems. Propulsion system testing has evolved over the years from tests designed to show success, to tests designed to reveal reliability issues before service use. Such test conditions as performance envelope corners, high rotor imbalance, power dwells, and overspeed tests are designed to shake out problems that can be associated with low and high cycle fatigue, creep, and stress rupture, bearing durability, and the like. Subsystem testing supports system certification by standing as an early evaluation of the same durability and reliability concerns as for the entire system. The NESSUS software system is being further developed to support the definition of rigorous subsystem and system test definition and reliability certification. The principal technical issues are outlined which are related to system reliability, including key technology issues such as failure mode synergism, sequential failure mechanisms, and fault tree definition.

  7. System reliability and risk assessment task goals and status

    NASA Technical Reports Server (NTRS)

    Cruse, T. A.; Mahadevan, S.

    1991-01-01

    The major focus for continued development of the Numerical Evaluation of Stochastic Structures Under Stress (NESSUS) codes is in support of system testing and certification of advanced propulsion systems. Propulsion system testing has evolved over the years from tests designed to show success, to tests designed to reveal reliability issues before service use. Such test conditions as performance envelope corners, high rotor imbalance, power dwells, and overspeed tests are designed to shake out problems that can be associated with low and high cycle fatigue, creep, and stress rupture, bearing durability, and the like. Subsystem testing supports system certification by standing as an early evaluation of the same durability and reliability concerns as for the entire system. The NESSUS software system is being further developed to support the definition of rigorous subsystem and system test definition and reliability certification. The principal technical issues are outlined which are related to system reliability, including key technology issues such as failure mode synergism, sequential failure mechanisms, and fault tree definition.

  8. Development of distribution system reliability and risk analysis models. Final report

    Microsoft Academic Search

    T. D. Vismor; J. E. D. Northcote-Green; R. Billinton

    1981-01-01

    This report describes work completed in fulfillment of EPRI Research Project 1356-1, Develop Distribution System Reliability and Risk Analysis Model. This volume comprises the background material needed to determine the state-of-the-art in reliability assessment techniques used by the distribution sector of the electric power utility industry. The research identified two distinct reliability assessment methods, namely historical assessment and predictive assessment.

  9. Risk Management: An International Perspective.

    ERIC Educational Resources Information Center

    Garvey, Daniel

    1998-01-01

    Focuses on risks and challenges of conducting adventure programming in foreign countries. Recommends actions to take before the crisis (involving assumptions, risk evaluation, emergency evacuation plans, awareness of medical-care costs, and foreign communications systems, family procedures plan, briefings); during the crisis (meeting staff and…

  10. Risk management, assessment, and acceptability

    Microsoft Academic Search

    Chauncey Starr

    1985-01-01

    The Electric Power Research Institute discusses how prabable risk analysis has become a part of the safety review of the Nuclear Regulatory Commission. Professional concern has been focused on the frequency of core melt. The virtue of these risk assessments is the disclosure of the system's causal relationships and feedback mechanisms, which might lead to technical improvement in the performance

  11. Student Risk Screening Scale: Initial Evidence for Score Reliability and Validity at the High School Level

    ERIC Educational Resources Information Center

    Lane, Kathleen Lynne; Kalberg, Jemma Robertson; Parks, Robin J.; Carter, Erik W.

    2008-01-01

    This article presents findings from a study of the reliability and validity of the "Student Risk Screening Scale" for use with high school students (N = 674). Results revealed high internal consistency, test-retest stability, interrater reliability, and convergent validity with the "Strengths and Difficulties Questionnaire". Predictive validity…

  12. Risk management, derivatives and shariah compliance

    NASA Astrophysics Data System (ADS)

    Bacha, Obiyathulla Ismath

    2013-04-01

    Despite the impressive growth of Islamic Banking and Finance (IBF), a number of weaknesses remain. The most important of this is perhaps the lack of shariah compliant risk management tools. While the risk sharing philosophy of Islamic Finance requires the acceptance of risk to justify returns, the shariah also requires adherents to avoid unnecessary risk-maysir. The requirement to avoid maysir is in essence a call for the prudent management of risk. Contemporary risk management revolves around financial engineering, the building blocks of which are financial derivatives. Despite the proven efficacy of derivatives in the management of risk in the conventional space, shariah scholars appear to be suspicious and uneasy with their use in IBF. Some have imposed outright prohibition of their use. This paper re-examines the issue of contemporary derivative instruments and shariah compliance. The shariah compatibility of derivatives is shown in a number of ways. First, by way of qualitative evaluation of whether derivatives can be made to comply with the key prohibitions of the sharia. Second, by way of comparing the payoff profiles of derivatives with risk sharing finance and Bai Salam contracts. Finally, the equivalence between shariah compliant derivatives like the IPRS and Islamic FX Currency Forwards with conventional ones is presented.

  13. Safety Culture and Risk Management in Organizations

    Microsoft Academic Search

    Nick F. Pidgeon

    1991-01-01

    The concept of safety culture arose in the aftermath of the Chernobyl disaster. It is argued that safety culture represents a new way of conceptualizing processes of risk handling and management in organizational and other contexts. Safety culture provides a global characterization of some of the common behavioral preconditions to disasters and accidents in high-risk sociotechnical systems, and might also

  14. Lessons Learned in Risk Management on NCSX

    SciTech Connect

    G.H. Neilson, C.O. Gruber, J.H. Harris, D.J. Rej, R.T. Simmons, and R.L. Strykowsky

    2009-07-21

    The National Compact Stellarator Experiment (NCSX) was designed to test physics principles of an innovative stellarator design developed by the Princeton Plasma Physics Laboratory and Oak Ridge National Laboratory. Construction of some of the major components and sub-assemblies was completed, but the estimated cost and schedule for completing the project grew as the technical requirements and risks became better understood, leading to its cancellation in 2008. The project's risks stemmed from its technical challenges, primarily the complex component geometries and tight tolerances that were required. The initial baseline, established in 2004, was supported by a risk management plan and risk-based contingencies, both of which proved to be inadequate. Technical successes were achieved in the construction of challenging components and subassemblies, but cost and schedule growth was experienced. As part of an effort to improve project performance, a new risk management program was devised and implemented in 2007-08. It led to a better understanding of project risks, a sounder basis for contingency estimates, and improved management tools. Although the risks ultimately were unacceptable to the sponsor, valuable lessons in risk management were learned through the experiences with the NCSX project.

  15. Lessons Learned in Risk Management on NCSX

    SciTech Connect

    G.H. Neilson, C.O. Gruber, J.H. Harris, D.J. Rej, R.T. Simmons, and R.L. Strykowsky

    2009-02-11

    The National Compact Stellarator Experiment (NCSX) was designed to test physics principles of an innovative stellarator design developed by the Princeton Plasma Physics Laboratory and Oak Ridge National Laboratory. Construction of some of the major components and sub-assemblies was completed, but the estimated cost and schedule for completing the project grew as the technical requirements and risks became better understood, leading to its cancellation in 2008. The project's risks stemmed from its technical challenges, primarily the complex component geometries and tight tolerances that were required. The initial baseline, established in 2004, was supported by a risk management plan and risk-based contingencies, both of which proved to be inadequate. Technical successes were achieved in the construction of challenging components and subassemblies, but cost and schedule growth was experienced. As part of an effort to improve project performance, a new risk management program was devised and implemented in 2007-08. It led to a better understanding of project risks, a sounder basis for contingency estimates, and improved management tools. Although the risks ultimately were unacceptable to the sponsor, valuable lessons in risk management were learned through the experiences with the NCSX project.

  16. Lessons Learned in Risk Management on NCSX

    SciTech Connect

    Neilson, G. H. [Princeton Plasma Physics Laboratory, Princeton, NJ; Gruber, C. O. [Princeton Plasma Physics Laboratory, Princeton, NJ; Harris, Jeffrey H [ORNL; Rej, D. J. [Princeton Plasma Physics Laboratory (PPPL); Simmons, R. T. [Princeton Plasma Physics Laboratory, Princeton, NJ; Strykowsky, R. L. [Princeton Plasma Physics Laboratory, Princeton, NJ

    2010-01-01

    The National Compact Stellarator Experiment (NCSX) was designed to test physics principles of an innovative stellarator design developed by Princeton Plasma Physics Laboratory and Oak Ridge National Laboratory. Construction of some of the major components and subassemblies was completed, but the estimated cost and schedule for completing the project grew as the technical requirements and risks became better understood, leading to its cancellation in 2008. The project's risks stemmed from its technical challenges, primarily the complex component geometries and tight tolerances that were required. The initial baseline, which was established in 2004, was supported by a risk management plan and risk-based contingencies, both of which proved to be inadequate. Technical successes were achieved in the construction of challenging components and subassemblies, but cost and schedule growth was experienced. As part of an effort to improve project performance, a new risk management program was devised and implemented in 2007-2008. It led to a better understanding of project risks, a sounder basis for contingency estimates, and improved management tools. Although the risks were ultimately unacceptable to the sponsor, valuable lessons in risk management were learned through the experiences with the NCSX project.

  17. Managing unnatural disaster risk from climate extremes

    NASA Astrophysics Data System (ADS)

    Mechler, Reinhard; Bouwer, Laurens M.; Linnerooth-Bayer, Joanne; Hochrainer-Stigler, Stefan; Aerts, Jeroen C. J. H.; Surminski, Swenja; Williges, Keith

    2014-04-01

    Truly understanding climate-related disaster risk, and the management of that risk, can inform effective action on climate adaptation and the loss and damage mechanism, the main vehicle under the UN Climate Convention for dealing with climate-related effects, including residual impacts after adaptation.

  18. Individual Risk Management for Digital Payment Systems

    Microsoft Academic Search

    Martin Reichenbach; Torsten Grzebieta; Torsten Költzsch; Ingo Pippow

    2000-01-01

    Despite existing security standards and security technologies, such as secure hardware, gaps between users' demand for security and the security offered by a payment system can still remain. These security gaps imply risks for users. In this paper, we introduce a framework for the management of those risks. As a result, we present an instrument enabling users to evaluate eventual

  19. Foundational issues in risk assessment and risk management.

    PubMed

    Aven, Terje; Zio, Enrico

    2014-07-01

    This is a perspective article on foundational issues in risk assessment and management. The aim is to discuss the needs, obstacles, and challenges for the establishment of a renewed, strong scientific foundation for risk assessment and risk management suited for the current and future technological challenges. The focus is on (i) reviewing and discussing the present situation and (ii) identifying how to best proceed in the future, to develop the risk discipline in the directions needed. The article provides some reflections on the interpretation and understanding of the concept of "foundations of risk assessment and risk management" and the challenges therein. One main recommendation is that different arenas and moments for discussion are needed to specifically address foundational issues in a way that embraces the many disciplinary communities involved (from social scientists to engineers, from behavioral scientists to statisticians, from health physicists to lawyers, etc.). One such opportunity is sought in the constitution of a novel specialty group of the Society of Risk Analysis. PMID:24152111

  20. Information needs for risk management/communication

    SciTech Connect

    Bennett, D.A. [Environmental Protection Agency, Washington, DC (United States)

    1990-12-31

    The hazardous waste cleanup program under the Comprehensive Environmental Response, Compensation, and Liability Act (Superfund) is delegated to the ten Regions of the US Environmental Protection Agency (EPA) and has, to date, identified more than 33,000 sites for consideration. The size and complexity of the program places great demands on those who would provide information to achieve national consistency in application of risk assessment while meeting site-specific needs for risk management and risk communication.

  1. Managing the risks of IBD therapy

    Microsoft Academic Search

    Cynthia H. Seow; Shanika de Silva; Gilaad G. Kaplan; Shane M. Devlin; Subrata Ghosh; Remo Panaccione

    2009-01-01

    Successful management of the patient with inflammatory bowel disease (IBD) involves not only the induction and maintenance\\u000a of remission, but also the optimization of the benefit-to-risk equation to achieve the greatest gain in quality of life. These\\u000a risks range from intolerance to prescribed medications to potentially life-threatening sequelae (eg, sepsis) of immune suppression.\\u000a A proper awareness of risk on the

  2. Statistical models for operational risk management

    NASA Astrophysics Data System (ADS)

    Cornalba, Chiara; Giudici, Paolo

    2004-07-01

    The Basel Committee on Banking Supervision has released, in the last few years, recommendations for the correct determination of the risks to which a banking organization is subject. This concerns, in particular, operational risks, which are all those management events that may determine unexpected losses. It is necessary to develop valid statistical models to measure and, consequently, predict, such operational risks. In the paper we present the possible approaches, including our own proposal, which is based on Bayesian networks.

  3. A Thermal CAD Tool for Technical Risk Management in Power Projects

    Microsoft Academic Search

    Xiao Fu; M. Jin

    2011-01-01

    Thermal risk is a prominent technical issue in power related projects which has significant impacts on a variety of deliverables including efficiency, reliability and manufacture cost. In today's commercial market there is no industrial standard on power products' thermal behavior, which makes it extremely challenging for a project manager to control technical risks. A CAD (Computer Aid Design) tool is

  4. Controlling electrical hazards through effective risk management

    Microsoft Academic Search

    Dennis K. Neitzel

    2011-01-01

    The Occupational Safety and Health Administration (OSHA) concluded that effective management of worker safety and protection is a decisive factor in reducing the extent and the severity of work-related injuries. Effective risk management addresses all work-related hazards including those potential hazards that could result from a change in worksite conditions or practices, whether or not they are regulated by government

  5. Managing Risk on the Final Frontier

    NASA Technical Reports Server (NTRS)

    Lengyel, David M.; Newman, J. S.

    2009-01-01

    The National Aeronautics and Space Administration (NASA). Exploration Systems Mission Directorate (ESMD) has combined the Continuous Risk Management (CRM) discipline with innovative knowledge management (KM) practices to more effectively enable the accomplishment of work. CRM enables proactive problem identification and problem solving in the complex world of rocket science. while KM is used to improve this process.

  6. Risk management in medical equipment management

    Microsoft Academic Search

    R. D. Wilkins; L. K. Holley

    1998-01-01

    The complexity of medical equipment continues to increase, with a greater possibility that patient care could be compromised. The ability of the clinical user of medical equipment to verify the function of some medical devices is reducing; in some cases, it is non-existent. In an environment of increasing litigation, the pressure to “get it right” in the management of medical

  7. Driving forces and risk management

    EPA Science Inventory

    From a public health perspective, food safety is the overall goal and there are two distinct areas where interventions to this end can take place ? either pre- or post-harvest. In pre-harvest, water quality management is the focus whereas post-harvest quality management depends ...

  8. Risk Aversion in Inventory Management

    E-print Network

    Chen, Xin

    Traditional inventory models focus on risk-neutral decision makers, i.e., characterizing replenishment strategies that maximize expected total profit, or equivalently, minimize expected total cost over a planning horizon. ...

  9. Beyond VaR: from measuring risk to managing risk

    Microsoft Academic Search

    H. Mausser; D. Rosen

    1999-01-01

    The paper examines tools for managing, as opposed to simply monitoring, a portfolio's value-at-risk (VaR). These tools include the calculation of VaR contribution, marginal VaR and trade risk profiles. We first review the parametric, or delta-normal versions of these tools and then extend them to the simulation based, or nonparametric case. We analyze two sample portfolios: one, consisting of foreign

  10. (Environmental and disaster management risk analysis)

    SciTech Connect

    Travis, C.C.

    1990-01-03

    The traveler attended workshops on Environmental and Disaster Management Risk Analysis in New Delhi and Jaipur, India. The objective of the workshops was to provide technical knowledge to Indians in the areas of environmental planning, industrial hazards, risk analysis, and disaster management. Conference participants identified the following top priorities to aid in the development of environmental and disaster management in India: (1) technology transfer in the area of atmospheric dispersion modelling, (2) increased training of scientific personnel to effectively deal with environmental problems, and (3) access to data bases on toxicological properties of chemicals.

  11. RISK MANAGEMENT FRAMEWORK: HELPING ORGANIZATIONS IMPLEMENT EFFECTIVE INFORMATION SECURITY PROGRAMS

    E-print Network

    component of every organization's information security program. An effective risk management process enables a Risk Management Framework that integrates the essential steps of the risk management process to support's Risk Management Framework provides a structured process and information to help organizations identify

  12. Security Risk Management via Dynamic Games with Learning

    E-print Network

    Alpcan, Tansu

    Security Risk Management via Dynamic Games with Learning Praveen Bommannavar Management Science@stanford.edu Abstract--This paper presents a game theoretic and learning approach to security risk management based agent, e.g. security and risk management division of the organization, which aims to mitigate risks. We

  13. Risk management for CAT events Georg Ch. Pflug

    E-print Network

    Pflug, Georg

    , budget reallocation, additional taxation) Georg Ch. Pflug Risk management for CAT events #12;OutlineOutline Risk management for CAT events Georg Ch. Pflug 20.5.2005 Georg Ch. Pflug Risk management billion in reconstruction lending. Georg Ch. Pflug Risk management for CAT events #12;Outline Fundamentals

  14. EWO Meeting, Mar. 2008, Pittsburgh, PA Risk Management

    E-print Network

    Grossmann, Ignacio E.

    EWO Meeting, Mar. 2008, Pittsburgh, PA Risk Management Risk Management for Chemical Supply Chain, PA Risk Management Chemical Supply chain: an integrated network of business units for the supply: managing the risks in supply chain planning · Chemical Supply Chain Planning Costs billions of dollars

  15. Safety citizenship behaviour: a proactive approach to risk management

    Microsoft Academic Search

    Shama Didla; Kathryn Mearns; Rhona Flin

    2009-01-01

    Risk management is an integral part of industrial business due to its high environmental, human, legal and financial implications, especially in the oil and gas industry. There are two dimensions to risk management: technical mechanisms and human behaviours. The technical risk management systems have been developed highly. Organizations are now focusing on building a human risk management system, which means

  16. CAMPUS Updated 2/9/2012 OFFICE Safety & Risk Management

    E-print Network

    de Lijser, Peter

    REPORTS TO AIR QUALITY Juli A. Smith Director Safety & Risk Management (661) 6542066 jsmith101@csubPage 1 CAMPUS Updated 2/9/2012 OFFICE Safety & Risk Management MAILING ADDRESS 9001 Stockdale Hwy, CIH Director of Safety & Risk Management (661) 6542066 jsmith101@csub.edu Risk Management

  17. NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY 1 Risk Management Framework

    E-print Network

    NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY 1 Risk Management Framework Computer Security Enterprise Risk Key activities in managing enterprise-level risk--risk resulting from the operation on a continuous basis #12;NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY 3 Risk Management Framework Security Life

  18. Think It Through: Managing the Benefits and Risks of Medicines

    MedlinePLUS

    ... Drugs Think It Through: Managing the Benefits and Risks of Medicines PDF version For many people, taking ... make decisions about the medicines you use. Managing Risk When a medicine's benefits outweigh its known risks, ...

  19. 48 CFR 1815.203-72 - Risk management.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ...and Information 1815.203-72 Risk management. In all RFPs and...offerors to identify and discuss risk factors and issues throughout the proposal...their approach to managing these risks. [65 FR 70316, Nov. 22,...

  20. 78 FR 4848 - Social Media: Consumer Compliance Risk Management Guidance

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-23

    ...Docket No. FFIEC-2013-0001] Social Media: Consumer Compliance Risk Management Guidance...this proposed guidance entitled ``Social Media: Consumer Compliance Risk Management Guidance...commensurate with the risks posed by their social media activities. DATES: Comments must be...

  1. Product development risk management and the role of transparency

    E-print Network

    Olechowski, Alison L. (Alison Louise)

    2012-01-01

    Risks in product development lead to schedule and cost over-runs and poor product quality. While numerous risk management frameworks have been published and research on specific risk management practices and methods has ...

  2. Integrated Reliability and Risk Analysis System (IRRAS) Version 2. 0 user's guide

    SciTech Connect

    Russell, K.D.; Sattison, M.B. (EG and G Idaho, Inc., Idaho Falls, ID (USA)); Rasmuson, D.M. (Nuclear Regulatory Commission, Washington, DC (USA). Div. of Systems Research)

    1990-06-01

    The Integrated Reliability and Risk Analysis System (IRRAS) is a state-of-the-art, microcomputer-based probabilistic risk assessment (PRA) model development and analysis tool to address key nuclear plant safety issues. IRRAS is an integrated software tool that gives the user the ability to create and analyze fault trees and accident sequences using a microcomputer. This program provides functions that range from graphical fault tree construction to cut set generation and quantification. Also provided in the system is an integrated full-screen editor for use when interfacing with remote mainframe computer systems. Version 1.0 of the IRRAS program was released in February of 1987. Since that time, many user comments and enhancements have been incorporated into the program providing a much more powerful and user-friendly system. This version has been designated IRRAS 2.0 and is the subject of this user's guide. Version 2.0 of IRRAS provides all of the same capabilities as Version 1.0 and adds a relational data base facility for managing the data, improved functionality, and improved algorithm performance. 9 refs., 292 figs., 4 tabs.

  3. Value-at-Risk Based Risk Management: Optimal Policies and Asset Prices

    Microsoft Academic Search

    Suleyman Basak; Alexander Shapiro

    1999-01-01

    This paper analyzes optimal, dynamic portfolio and wealth\\/consumption policies of utility maximizing investors who must also manage market-risk exposure using a given risk-management model. We focus on the industry standard, the Value-at-Risk (VaR) based risk management, and find that VaR risk managers often optimally choose a larger exposure to risky assets than non risk managers, and consequently incur larger losses,

  4. RISK MANAGEMENT OF SEDIMENT STRESS: A FRAMEWORK FOR SEDIMENT RISK MANAGEMENT RESEARCH

    EPA Science Inventory

    Research related to the ecological risk management of sediment stress in watersheds is placed under a common conceptual framework in order to help promote the timely advance of decision support methods for aquatic resource managers and watershed-level planning. The proposed risk ...

  5. Use and benefits of tools for project risk management

    Microsoft Academic Search

    T. Raz; E. Michael

    2001-01-01

    Risk management is one of the key project management processes. Numerous tools are available to support the various phases of the risk management process. We present the results of a study designed to identify the tools that are most widely used and those that are associated with successful project management in general, and with effective project risk management in particular.

  6. Managing the Library Fire Risk.

    ERIC Educational Resources Information Center

    Morris, John

    A discussion of fire risks, causes, prevention, and salvage in libraries is presented in text and photographs. A description of some historic library fires demonstrates the value of adequate protection and preparedness programs to minimize loss and damage. The need for fire retardant construction and protection from valdalism and arson are…

  7. Eighth Annual Risk Management Conference

    E-print Network

    Chaudhuri, Sanjay

    are pleased to announce that financial assistance of up to US$600 for airfare and 3 nights of hotel To complement RMI's non-profit credit rating initiative (http://www.rmicri.org), research papers on credit risk fee and hotel accommodation The conference registration fee will be waived for all presenters

  8. Role of LEPCs in risk management and risk communication

    SciTech Connect

    Mannan, M. [RMT/Jones and Neuse, Inc., Austin, TX (United States)

    1995-12-31

    Under Section 112(r) of Title III of the Clean Air Act Amendments, the US Environmental Protection Agency (EPA) is required to develop regulations that would require development and implementation of risk management programs at facilities that manufacture, process, use, store, or otherwise handle regulated substances in quantities that exceed specified threshold quantities. On January 31, 1994, EPA published the final rule establishing the List of Regulated Substances and Thresholds for Accidental Release Prevention. The proposed rule will require covered facilities to develop and implement a risk management program. The proposed rule will also require facilities to communicate various information to the local emergency planning committee (LEPC). This information may be provided in the form of consultation and communication during the development of various elements of the risk management program and/or by providing access to the risk management plan (RMP). These requirements not only place an additional regulatory burden on facilities but also create the need for the LEPCs to start planning for strategies to deal with significant amount of technical information in a meaningful and effective manner. This paper presents a summary of EPA`s proposed rule, the role of LEPCs in the implementation of many aspects of the rule, and a description of the potential contents of an RMP. Covered facilities as well as the LEPCs may gain a significant advantage by engaging in early dialogue and proactive education to determine mutual needs.

  9. The Importance of Human Reliability Analysis in Human Space Flight: Understanding the Risks

    NASA Technical Reports Server (NTRS)

    Hamlin, Teri L.

    2010-01-01

    HRA is a method used to describe, qualitatively and quantitatively, the occurrence of human failures in the operation of complex systems that affect availability and reliability. Modeling human actions with their corresponding failure in a PRA (Probabilistic Risk Assessment) provides a more complete picture of the risk and risk contributions. A high quality HRA can provide valuable information on potential areas for improvement, including training, procedural, equipment design and need for automation.

  10. 12 CFR 615.5135 - Management of interest rate risk.

    Code of Federal Regulations, 2012 CFR

    2012-01-01

    ...develop and implement an interest rate risk management program as set forth in subpart G of this...directors shall adopt an interest rate risk management section of an asset/liability management policy which establishes interest...

  11. 12 CFR 615.5135 - Management of interest rate risk.

    Code of Federal Regulations, 2013 CFR

    2013-01-01

    ...develop and implement an interest rate risk management program as set forth in subpart G of this...directors shall adopt an interest rate risk management section of an asset/liability management policy which establishes interest...

  12. 12 CFR 615.5135 - Management of interest rate risk.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ...develop and implement an interest rate risk management program as set forth in subpart G of this...directors shall adopt an interest rate risk management section of an asset/liability management policy which establishes interest...

  13. 12 CFR 615.5135 - Management of interest rate risk.

    Code of Federal Regulations, 2011 CFR

    2011-01-01

    ...develop and implement an interest rate risk management program as set forth in subpart G of this...directors shall adopt an interest rate risk management section of an asset/liability management policy which establishes interest...

  14. RISK MANAGEMENT STRATEGIES FOR LANDSLIDES IN EUROPEAN MOUNTAIN REGIONS - CURRENT PRACTICE IN AUSTRIA AND FUTURE NEEDS STRATEGII DE MANAGEMENT AL RISCULUI LA ALUNEC?RI DE TEREN ÎN REGIUNILE MONTANE EUROPENE - PRACTICILE CURENTE ÎN AUSTRIA ?I NECESIT??ILE VIITOARE

    Microsoft Academic Search

    Sven FUCHS; Markus HOLUB

    Risk management for natural hazards is based on risk assessment techniques, including methods to determine the hazard potential and procedures to analyse and evaluate the damage potential exposed. In European mountain regions, risk management for landslides is comparatively reliable with respect to the hazard process, while suggestions for the assessment of values at risk have only recently been introduced. Moreover,

  15. Risk Management in Value Networks

    Microsoft Academic Search

    Jukka Hallikas; Jari Varis

    One of the most challenging issues in the anticipation of risks in the business environment is to understand the dynamics\\u000a of industry change and to recognize the relevant indicators. In large companies, different kinds of business and market intelligence\\u000a systems and departments may collect great amounts of data and indicators related to the possible changes, but the difficulty\\u000a lies in

  16. Injury risk management plan for volleyball athletes.

    PubMed

    James, Lachlan P; Kelly, Vincent G; Beckman, Emma M

    2014-09-01

    Volleyball is an increasingly popular team sport. As with any competitive sport, there is an inherent risk of injury that must be recognized and collaboratively managed. This article provides a practical approach to the management of volleyball injuries within a team or organization. A brief review of the epidemiological data is presented which establishes (i) ankle sprain, (ii) shoulder overuse injury, (iii) patella tendinopathy, and (iv) anterior cruciate ligament injury as the primary injuries to address amongst these athletes. The interaction of modifiable and non-modifiable risk factors for these injuries are used to classify athletes into high-, medium- and low-risk groups. Targeted training interventions are suggested, based upon the risk level of the athlete, to minimize the occurrence of these injuries. Practical methods for integrating these activities into a training plan are also discussed. PMID:24849543

  17. RISK COMMUNICATION AS A RISK MANAGEMENT TOOL: A RISK COMMUNICATION WORKBOOK

    EPA Science Inventory

    Communicating information about environmental risk to the people most affected by it is one of the major challenges faced by risk managers and community decision makers. Changing human behavior is a far more complex task than designing water retention systems or managing storm wa...

  18. Sound risk ranking is essential to effec-tive risk management.Without it, small

    E-print Network

    Fischhoff, Baruch

    Summary Sound risk ranking is essential to effec- tive risk management.Without it, small risks may, and the environment is impor- tant because, while there are risks everywhere, we have limited resources for managing of this approach with risk-management processes initiated by the Government of the United Kingdom and advocated

  19. Application of classical process risk analysis tools to business risk management

    SciTech Connect

    Einolf, D.M.; Menghini, L.K.

    1999-07-01

    Process engineers and safety professionals have used qualitative and quantitative risk assessment techniques for many years to analyze process hazards. Environmental managers have recently been exposed to many of these techniques through submission of Accidental Release Risk Management Plans (40 CFR 68). This presentation discusses the broader application of such tools (Hazard and Operability Analysis, Fault-Tree, Failure Modes and Effects) to issues involving emergency and disaster preparedness and business contingency planning. In particular, the authors have successfully expanded the HazOp methodology to apply to a broad range of natural and man-made disasters that may affect continued business operations. Specific examples, including the development of comprehensive contingency planning for a water supply system, electronics manufacturer, and a distribution center will be discussed. These classical safety and reliability tools have broad application in the environmental planning arena, including emergency response and the operability of air and water pollution control equipment.

  20. Case histories in pharmaceutical risk management

    Microsoft Academic Search

    Cynthia G. McCormick; Jack E. Henningfield; J. David Haddox; Sajan Varughese; Anders Lindholm; Susan Rosen; Janne Wissel; Deborah Waxman; Lawrence P. Carter; Vickie Seeger; Rolley E. Johnson

    2009-01-01

    The development and implementation of programs in the U.S. to minimize risks and assess unintended consequences of new medications has been increasingly required by the Food and Drug Administration (FDA) since the mid 1990s. This paper provides four case histories of risk management and post-marketing surveillance programs utilized recently to address problems associated with possible abuse, dependence and diversion. The

  1. Enterprise risk management in financial groups: analysis of risk concentration and default risk

    Microsoft Academic Search

    Nadine Gatzert; Hato Schmeiser; Stefan Schuckmann

    2008-01-01

    In financial groups, enterprise risk management is becoming increasingly important in controlling and managing the different\\u000a independent legal entities in the group. The aim of this paper is to assess and relate risk concentration and joint default\\u000a probabilities of the group’s legal entities in order to achieve a more comprehensive picture of a financial group’s risk situation.\\u000a We further examine

  2. NGNP Risk Management through Assessing Technology Readiness

    SciTech Connect

    John W. Collins

    2010-08-01

    Throughout the Next Generation Nuclear Plant (NGNP) project life cycle, technical risks are identified, analyzed, and mitigated and decisions are made regarding the design and selection of plant and sub-system configurations, components and their fabrication materials, and operating conditions. Risk resolution and decision making are key elements that help achieve project completion within budget and schedule constraints and desired plant availability. To achieve this objective, a formal decision-making and risk management process was developed for NGNP, based on proven systems engineering principles that have guided aerospace and military applications.

  3. Risk based management of piping systems

    SciTech Connect

    Conley, M.J.; Aller, J.E.; Tallin, A. [DNV Industry, Inc., Houston, TX (United States); Weber, B.J. [DNV Technica, Houston, TX (United States)

    1996-07-01

    The API Piping Inspection Code is the first such Code to require classification of piping based on the consequences of failure, and to use this classification to influence inspection activity. Since this Code was published, progress has been made in the development of tools to improve on this approach by determining not only the consequences of failure, but also the likelihood of failure. ``Risk`` is defined as the product of the consequence and the likelihood. Measuring risk provides the means to formally manage risk by matching the inspection effort (costs) to the benefits of reduced risk. Using such a cost/benefit analysis allows the optimization of inspection budgets while meeting societal demands for reduction of the risk associated with process plant piping. This paper presents an overview of the tools developed to measure risk, and the methods to determine the effects of past and future inspections on the level of risk. The methodology is being developed as an industry-sponsored project under the direction of an API committee. The intent is to develop an API Recommended Practice that will be linked to In-Service Inspection Standards and the emerging Fitness for Service procedures. Actual studies using a similar approach have shown that a very high percentage of the risk due to piping in an operating facility is associated with relatively few pieces of piping. This permits inspection efforts to be focused on those piping systems that will result in the greatest risk reduction.

  4. About the relevance ofthe concept of risk acceptability in the risk analysis and risk management process: A decisional

    E-print Network

    Paris-Sud XI, Université de

    About the relevance ofthe concept of« risk acceptability » in the risk analysis and risk management analysis and risk management are taken. This can be introduced by: ft) giving an image ofwhat will show how the establish concept of "risks acceptability" can induce bias on the way risk analysis

  5. Risk management: application of early warning systems to emergency plans

    NASA Astrophysics Data System (ADS)

    Garcia, C.; Sterlacchini, S.; Pasuto, A.; de Amicis, M.

    2009-04-01

    Warning System and emergency plans are two fundamental elements of risk management and governance, but unfortunately, most of the times, they are developed independently one from the other, as sequential steps not necessary linked. The main goal of this research is to develop a methodology for applying Early Warning Systems - Community Based to the emergency plan using the results of social surveys and quantitative risk assessment, taking into account the administrative structure and the planning system of the study area, as well as the legislative obligations of each entity involved in the risk governance and emergency management. Using a integrative scientific and social approach to natural hazards the research aim to contribute to fill the gap between scientists, policy makers, stakeholders and community. Initially applied in Comunità Montana Valtellina di Tirano, Italy, the methodology involves the application of two comprehensive surveys. The first is addressed to stakeholders (including policy makers, emergency managers, emergency volunteers, consultants and scientists) in order to determine their needs, points of view, concerns and constraints. The second survey is addressed specifically to local community to assess risk perception, awareness, needs, capacity and level of trust towards stakeholders, besides asking for their willingness to participate in future risk communication activities. The Early Warning System developed includes all the stages of the early warning process (hazard evaluation and forecasting; warning and dissemination and public response) and would be based on a multidisciplinary partnership that takes into account the different actors involved in the risk management in order to accomplish a more reliable and credible result, including an emergency plan specifically designed for each study area. After evaluating the results of the surveys, information and education campaigns will be developed with the objective of reducing vulnerability of the population by increasing risk perception and improving response to early warnings. Spatial planning and specifically decisions about future land-use are critical to mitigate the hazard and to reduce the vulnerability, therefore some inputs will be provided to the decision-makers on where additional risk identification, risk reduction and risk transfer measures are especially necessary.

  6. Security Risk Management using Internal Controls Simon Foley,

    E-print Network

    Foley, Simon

    an ef- fective Internal Controls system in the enterprise. Cobit is a further example of risk managementSecurity Risk Management using Internal Controls Simon Foley, Department of Computer Science business risks. An Internal Controls approach to security risk management is proposed whereby automated

  7. Electricity derivatives and risk management S.J. Denga,

    E-print Network

    Oren, Shmuel S.

    Electricity derivatives and risk management S.J. Denga, *, S.S. Orenb a School of Industrial serving entities, and power marketers in various risk management applications. Finally, we conclude to the importance and necessity of risk management practices in competitive electricity market. Hedging of risk

  8. RISK MANAGEMENT STRATEGIES AND SOLUTIONS FOR 21 CENTURY EUROPE

    Microsoft Academic Search

    Liliana-Aurora CONSTANTINESCU; Adrian CONSTANTINESCU

    2011-01-01

    This paper is intended to be a significant insight into risk management issues by describing the main types of such risks and by providing management and evaluation procedures of significant risks into some active banking companies in Romania. In times of crisis, risk management in the banking system has a greater importance than in the normal economic times. The 2011

  9. EWO Meeting, Sep. 2008, Pittsburgh, PA Risk Management

    E-print Network

    Grossmann, Ignacio E.

    EWO Meeting, Sep. 2008, Pittsburgh, PA Risk Management Balancing Risk and Economics for Chemical. 2008, Pittsburgh, PA Risk Management Chemical Supply chain: an integrated network of business units;Page 3EWO Meeting, Sep. 2008, Pittsburgh, PA Risk Management Motivation Introduction ­ Research Goal

  10. Risk Management Policy INTERNAL AUDIT Purpose of this document

    E-print Network

    Banaji,. Murad

    Risk Management Policy INTERNAL AUDIT SERVICE 1 Sept 2008 Purpose of this document 1. This risk. The policy explains the University's underlying approach to risk management, documents the roles aspects of the risk management process, and identifies the main reporting procedures. 3. In addition

  11. Risk Management http://riskmanagement.fullerton.edu VOLUNTEER FORM

    E-print Network

    de Lijser, Peter

    Risk Management http://riskmanagement.fullerton.edu VOLUNTEER FORM University Risk Management CP Risk Management CP-700 prior to the start of Volunteer assignment Revised 6/2012 Are you: CSUF Student CSUF Faculty CSUF Staff/Management Other: Name: Last First Middle Address

  12. The Case for Improvisation in Information Security Risk Management

    E-print Network

    Boyer, Edmond

    The Case for Improvisation in Information Security Risk Management Kennedy Njenga,1 , Irwin Brown2 IS management on the functionalist and incrementalist viewpoint of managing IS risk. We examine improvisation presents a case for improvisation in ISRM. Keywords: Improvisation, Information Security, Risk Management

  13. Risk perceptions and behavioral context: U.S. Forest Service fire management professionals

    USGS Publications Warehouse

    Taylor, Jonathan G.; Carpenter, Edwin H.; Cortner, Hanna J.; Cleaves, David A.

    1989-01-01

    Fire managers from the U.S. Forest Service were surveyed to determine which decision factors most strongly influenced their fire?risk decisions. Safety, the resources at risk, public opinion, and the reliability of information were important influences on these decisions. This research allowed direct comparison between fire managers’ perceptions of factor importance and how their fire?risk decisions changed in response to those factors. These risk decisions were highly responsive to changes in context (an escaped wildfire decision versus a prescribed burning decision) as well as to changing factors. The results demonstrate the utility of using scenarios in risk research and the vital importance of context in studying risk?taking behavior. Research which attempts to remove risk decisions from their real?world context may well distort the nature of risk?taking behavior.

  14. IMPROVING STRATEGIC RISK MANAGEMENT WITHIN PHARMACEUTICAL SUPPLY CHAIN

    Microsoft Academic Search

    Chris I. Enyinda; Charles Briggs; Andrea Hawkins

    2009-01-01

    No modern supply chain is immune to both predictable and unpredictable risks. Because modern pharmaceutical supply chains are more than ever exposed to risks, it behooves the global pharmaceutical industry to implement strategic risk management. To prosper and flourish, it is imperative for the Ghanaian pharmaceutical industry to assess risks and develop comprehensive risk management strategies. One of the crucial

  15. Perspective on Quality Risk Management of Pharmaceutical Quality

    Microsoft Academic Search

    H. Gregg Claycamp

    2007-01-01

    Quality risk management for the pharmaceutical industry was recently defined in internationally harmonized guidance as a systematic process for the assessment, control, communication, and review of risks to the quality of the drug product across the product life cycle. Two overarching principles for quality risk management are that evaluations of risk should be scientifically based and ultimately linked to risk

  16. A framework for information technology outsourcing risk management

    Microsoft Academic Search

    Benoit A. Aubert; Michel Patry; Suzanne Rivard

    2005-01-01

    This paper takes stock from several studies on Information Technology outsourcing risk. A definition of risk is offered, and an illustration from five case studies is used to show how risk can be managed. Results show that an active risk management approach can reduce risk exposure substantially while enabling the organizations to still reap the benefits associated with outsourcing.

  17. Dynamic risk management unveil productivity improvements

    Microsoft Academic Search

    Aymen Mili; Samuel Bassetto; Ali Siadat; Michel Tollenaere

    2009-01-01

    Maintenance process and planning are at the heart of industrial occupations. Processes and equipments require controls and strategies to reduce costs and yield loss. Risk Based Maintenance (RBM) helps in reducing machinery failure rate and managing actions priorities. This paper proposes a method using FMECA as an operational tool which unveils productivity improvement areas. It demonstrates that it is possible

  18. Urban Diagnosis and Integrated Disaster Risk Management

    Microsoft Academic Search

    Norio OKADA

    This paper addresses the need for integrated disaster risk management (IDRM) as a novel perspective for dealing with 21 st century's disaster prevention in both Japan and China, and all over the world. When cities are focused, the methodological leverage of \\

  19. Cyanobacterial toxins: risk management for health protection

    Microsoft Academic Search

    Geoffrey A. Codd; Louise F. Morrison; James S. Metcalf

    2005-01-01

    This paper reviews the occurrence and properties of cyanobacterial toxins, with reference to the recognition and management of the human health risks which they may present. Mass populations of toxin-producing cyanobacteria in natural and controlled waterbodies include blooms and scums of planktonic species, and mats and biofilms of benthic species. Toxic cyanobacterial populations have been reported in freshwaters in over

  20. Safety & Risk Management Montana State University

    E-print Network

    Dyer, Bill

    59717-0510 406-994-2711 406-994-7040 Fax www.montana.edu/wwwsrm Ergonomics Evaluation Form (Please keep 994-7040 or campus mail: Ergonomics Reimbursement c/o Safety & Risk Management The following Safety & Ergonomics Training Courses: www.montana.edu/wwwsrm/training.htm Ergonomics Program Contact

  1. Improving Our Approach to Managing Risk

    ERIC Educational Resources Information Center

    Brown, Adam

    2008-01-01

    Outdoor education--be it canoe tripping, adventure programs, field studies or anything else--is inherently risky. Outdoor educators deal with unpredictable settings and situations, where change is constant and outcomes are sometimes uncertain. In this naturalistic environment, their risk management procedures have the potential to break down and…

  2. TREATABILITY DATABASE (NATIONAL RISK MANAGEMENT RESEARCH LABORATORY)

    EPA Science Inventory

    The National Risk Management Research Laboratory has developed and is continuing to expand a database on the effectiveness of proven treatment technologies in the removal/destruction of chemicals in various types of media, including water, wastewater, soil, debris, sludge, and se...

  3. Managing Typhoon Related Crop Risk at WPC

    Microsoft Academic Search

    Craig W. Tillman; Joel K. Sivillo; Sergei A. Frolov

    2010-01-01

    Risk management of crop related exposures in coastal regions can be enhanced through a program of hazards modeling and real-time forecasting. As one component in the yield distribution of selected crops, typhoon-related hazards are a critical factor. Natural typhoon occurrence rates accentuate the extreme parts of the yield distribution, causing severe and correlated financial disruptions to invested interests. This paper

  4. Credit risk management and financial stability

    Microsoft Academic Search

    L. Clerc

    2004-01-01

    The International Banking and Finance Institute (IBFI) of the Banque de France organised its sixth International Monetary Seminar on the subject of “Credit risk management and financial stability” from 7 to 11 June 2004. This seminar, opened by Governor Christian Noyer, brought together forty five representatives from central banks in developed and emerging countries and from international organisations (such as

  5. Risk Management University of California, Santa Barbara

    E-print Network

    Liebling, Michael

    Damage $2,000,000 B. Business Automobile Liability: insurance for owned, scheduled, non-owned or hiredRisk Management University of California, Santa Barbara 1/4/10 FR: Lee Mudrick, Insurance of Insurance, an Additional Insured Endorsement, and a current County Health Permit. Caterers that have met

  6. Room-Risk Management at Sunquest Vacations

    Microsoft Academic Search

    Chris K. Anderson; Xiaoqing Xie

    2009-01-01

    This article outlines some of the basic complexities that originate with the acquisition of hotel rooms for a reseller of bundled vacations. A tour operator typically acquires or contracts for service capacity, bundles the services (air, hotel, food and beverage, and excursions), then markets and sells to consumers. The article focuses on the short-term aspects of room-risk management for the

  7. An open framework for risk management

    SciTech Connect

    Craft, R.; Vandewart, R.; Wyss, G.; Funkhouser, D.

    1998-08-01

    Risk assessment methodologies are ready to enter their third generation. In this next generation, assessment will be based on a whole system understanding of the system to be assessed. To realize this vision of risk management, the authors have begun development of an extensible software tool kit. This tool kit breaks with the traditional approach to assessment by having the analyst spend the majority of the assessment time building an explicit model that documents in a single framework the various facets of the system, such as the system`s behavior, structure, and history. Given this explicit model of the system, a computer is able to automatically produce a standard assessment products, such as fault trees and event trees. This brings with it a number of advantages relative to current risk management tools. Among these are a greater sense of completeness and correctness in assessment results and the ability to preserve and later employ lessons learned.

  8. Risk characterization, risk communication, and risk management. The role of the occupational and environmental medicine physician.

    PubMed

    Sparks, P J; Cooper, M

    1993-01-01

    Physicians who are board-certified in occupational and environmental medicine often have formal training and experience in toxicology, epidemiology, and industrial hygiene, as well as clinical medicine, human physiology, and pathology, and are well suited to be team members in the various phases of risk assessment, communication, and management. Those with several years of experience in the clinical, as well as administrative practice of occupational and environmental medicine, are engaged in the practical application of risk characterization, risk communication, and risk management on an almost daily basis. We propose that the occupational and environmental medicine physician is in a unique position to bridge the communication gap between those professionals who provide various components of the risk assessment process and those who manage those risks in society. PMID:8423498

  9. Risk factors and effective management of preeclampsia

    PubMed Central

    English, Fred A; Kenny, Louise C; McCarthy, Fergus P

    2015-01-01

    Preeclampsia, a hypertensive disorder of pregnancy is estimated to complicate 2%–8% of pregnancies and remains a principal cause of maternal and fetal morbidity and mortality. Preeclampsia may present at any gestation but is more commonly encountered in the third trimester. Multiple risk factors have been documented, including: family history, nulliparity, egg donation, diabetes, and obesity. Significant progress has been made in developing tests to predict risk of preeclampsia in pregnancy, but these remain confined to clinical trial settings and center around measuring angiogenic profiles, including placental growth factor or newer tests involving metabolomics. Less progress has been made in developing new treatments and therapeutic targets, and aspirin remains one of the few agents shown to consistently reduce the risk of developing preeclampsia. This review serves to discuss recent advances in risk factor identification, prediction techniques, and management of preeclampsia in antenatal, intrapartum, and postnatal patients.

  10. Risk factors and effective management of preeclampsia.

    PubMed

    English, Fred A; Kenny, Louise C; McCarthy, Fergus P

    2015-01-01

    Preeclampsia, a hypertensive disorder of pregnancy is estimated to complicate 2%-8% of pregnancies and remains a principal cause of maternal and fetal morbidity and mortality. Preeclampsia may present at any gestation but is more commonly encountered in the third trimester. Multiple risk factors have been documented, including: family history, nulliparity, egg donation, diabetes, and obesity. Significant progress has been made in developing tests to predict risk of preeclampsia in pregnancy, but these remain confined to clinical trial settings and center around measuring angiogenic profiles, including placental growth factor or newer tests involving metabolomics. Less progress has been made in developing new treatments and therapeutic targets, and aspirin remains one of the few agents shown to consistently reduce the risk of developing preeclampsia. This review serves to discuss recent advances in risk factor identification, prediction techniques, and management of preeclampsia in antenatal, intrapartum, and postnatal patients. PMID:25767405

  11. Risks and Risk Management in Software Architecture Evolution: an Industrial Survey

    E-print Network

    van Vliet, Hans

    Risks and Risk Management in Software Architecture Evolution: an Industrial Survey Odd Petter N that has been made to study risk management in the context of software architecture and its evolution, has, in order to capture a more complete picture of the risk and management issues in software architecture

  12. Risk: measures and tools 1. An overview of risk management evolution

    E-print Network

    Vilela Mendes, Rui

    1 Risk: measures and tools #12;2 Contents 1. An overview of risk management evolution 2. The old risk management tools - Mean-Variance portfolio theory - CAPM and APT 3. Hedging and financial products #12;3 1 ­ Overview #12;4 1. Overview Until the 1970's corporate risk management was mostly buying

  13. UNIVERSITY OF HOUSTON ENVIRONMENTAL HEALTH AND RISK MANAGEMENT

    E-print Network

    Azevedo, Ricardo

    UNIVERSITY OF HOUSTON ENVIRONMENTAL HEALTH AND RISK MANAGEMENT POLICIES AND PROCEDURES SECTION through the proper management of asbestos containing material (ACM) throughout campus buildings. II. SCOPE

  14. Reliability management of surface-controlled subsurface safety valves for the TOGI project

    SciTech Connect

    Moines, E. (SINTEF (NO)); Iversion, M. (Norsk Hydro A/S (NO))

    1991-05-01

    This paper describes Norsk Hydro and SINTEF's efforts to obtain higher reliability of surface-controlled subsurface safety valves (SCSSV's) for the Troll-Oseberg gas-injection (TOGI) project. Because of the severe consequence of system failures, reliability management was fully implemented on the TOGI subsea production system. The methodology used combines reliability theory with operating experience. Data bases with relevant field data, design review techniques, valve prototype testing, and review of test results are other elements of the reliability management program. Although this specific application was for SCSSV's, the methodology presented in this paper can easily be applied to systems where the consequence of failure is severe.

  15. The Paradoxes of Military Risk Assessment: Will the Enterprise Risk Assessment Model, Composite Risk Management and Associated

    E-print Network

    Johnson, Chris

    Risk Management and Associated Techniques Provide the Predicted Benefits? Chris. W. Johnson, Glasgow: Johnson@dcs.gla.ac.uk; http://www.dcs.gla.ac.uk/~johnson Keywords: Safety; Composite Risk Management, ERAM, Risk Assessment; Military Systems Engineering. Abstract Risk management provides the most important

  16. Risk factors and management of gestational diabetes.

    PubMed

    Chen, Penglong; Wang, Shuxiang; Ji, Jianying; Ge, Aiping; Chen, Chunlai; Zhu, Yanfei; Xie, Ni; Wang, Yi

    2015-03-01

    Gestational diabetes mellitus (GDM) is considered to be a typical condition of glucose intolerance in which a woman previously undiagnosed with diabetes exhibits high levels of blood glucose during the third trimester of pregnancy. It can hence be defined as any degree of intolerance to glucose with its first recognition only during the pregnancy. Approximately 7 % of all cases of pregnancy are found to be variedly complicated with GDM and this result in more than 200,000 cases annually. In US only, GDM has been found to complicate about 7-14 % cases annually, and the trend seems to have increased by 35-100 % in the recent years. A history of GDM can be considered to be one of the sturdiest risk factors concerning the development of type 2 diabetes. Among women who have a history of GDM, the risk of developing classical type 2 diabetes usually ranges from 20 to 50 %. Evidences collected from various efficacy trials suggest that lifestyle interventions like weight management can modulate and prevent type 2 diabetes in at-risk individuals. The cornerstone of GDM management is glycemic control, and hence, it is attributed to be the main focus of attention for the therapy. In this review, we have tried to highlight the various risk factors associated with GDM along with the available therapeutic options in the treatment and management of the disease. PMID:25269773

  17. Value-at-Risk-Based Risk Management: Optimal Policies and Asset Prices

    Microsoft Academic Search

    Suleyman Basak; Alexander Shapiro

    2001-01-01

    This article analyzes optimal, dynamic portfolio and wealth\\/consumption policies of utility maximizing investors who must also manage market-risk exposure using Value-at-Risk (VaR). We find that VaR risk managers often optimally choose a larger exposure to risky assets than non-risk managers and consequently incur larger losses when losses occur. We suggest an alternative risk-management model, based on the expectation of a

  18. Taking Technical Risks: How Innovators, Managers, and Investors Manage Risk in High-Tech Innovations

    Microsoft Academic Search

    Lewis M. Branscomb; Philip E. Auerswald

    How do technology innovators, business executives, and venture capitalists manage the technical elements of business risk when developing and launching new products? Overcoming technical risks requires crossing the so-called valley of death—the gap between demonstrating the soundness of a technical concept in a controlled setting and readying the product technology for the market. Crossing the valley of death may mean

  19. Reliability of Risk Assessment Measures Used in Sexually Violent Predator Proceedings

    ERIC Educational Resources Information Center

    Miller, Cailey S.; Kimonis, Eva R.; Otto, Randy K.; Kline, Suzonne M.; Wasserman, Adam L.

    2012-01-01

    The field interrater reliability of three assessment tools frequently used by mental health professionals when evaluating sex offenders' risk for reoffending--the Psychopathy Checklist-Revised (PCL-R), the Minnesota Sex Offender Screening Tool-Revised (MnSOST-R) and the Static-99--was examined within the context of sexually violent predator…

  20. Reliability, Maintenance and Risk Assessment in Naval Architecture and Marine Engineering Education in the US.

    ERIC Educational Resources Information Center

    Inozu, Bahadir; Ayyub, Bilal A.

    1999-01-01

    Examines the current status of existing curricula, accreditation requirements, and new developments in Naval Architecture and Marine Engineering education in the United States. Discusses the emerging needs of the maritime industry in light of advances in information technology and movement toward risk-based, reliability-centered rule making in the…

  1. Reliability of Arrest and Incarceration Questions on the Risk Behavior Assessment

    ERIC Educational Resources Information Center

    Fisher, Dennis G.; Reynolds, Grace L.; Wood, Michele M.; Johnson, Mark E.

    2004-01-01

    We examined 48-hour test-retest reliability of the arrest and incarceration questions on the Risk Behavior Assessment (RBA; National Institute on Drug Abuse, 1993). Participants were 229 street-drug users recruited in 11 cities throughout the United States. Results revealed that lifetime arrest and incarceration items demonstrated good to…

  2. Extended Editorial: Research and Education in Reliability, Maintenance, Quality Control, Risk and Safety.

    ERIC Educational Resources Information Center

    Ramalhoto, M. F.

    1999-01-01

    Introduces a special theme journal issue on research and education in quality control, maintenance, reliability, risk analysis, and safety. Discusses each of these theme concepts and their applications to naval architecture, marine engineering, and industrial engineering. Considers the effects of the rapid transfer of research results through…

  3. Insurance Risk Management in the Light of Paul Embrechts

    E-print Network

    Embrechts, Paul

    Embrechts) 7 #12;A general view of insurer risks Non-product Risks Asset Risks Liability Risks A/L MgmtInsurance Risk Management in the Light of Basel II Paul Embrechts ETH Zurich and London School-concern,. . . ) · Solvency capital requirement = (total balance sheet requirement) - (liability requirement) c RiskLab (Paul

  4. RISK MANAGEMENT AND RISK ANALYSIS-BASED DECISION TOOLS FOR ATTACKS ON

    E-print Network

    Wang, Hai

    RISK MANAGEMENT AND RISK ANALYSIS- BASED DECISION TOOLS FOR ATTACKS ON ELECTRIC POWER Simonoff, J for Risk and Economic Analysis of Terrorism Events University of Southern California Los Angeles.usc.edu/create Report #04-004DRAFT #12;Risk Management and Risk Analysis-Based Decision Tools for Attacks on Electric

  5. On the Aggregation of Local Risk Models for Global Risk Management

    E-print Network

    Aluffi, Paolo

    On the Aggregation of Local Risk Models for Global Risk Management Greg Anderson Vice President: portfolio risk, total risk, optimization, positive definite. 2 #12;1 Introduction Portfolio managers is a revised version of an article written in 2003 under the title "Forecasting Total Risk". #12;Abstract Given

  6. 17 CFR 23.609 - Clearing member risk management.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ...2014-04-01 2014-04-01 false Clearing member risk management. 23.609 Section 23.609 Commodity and Securities...Major Swap Participants § 23.609 Clearing member risk management. (a) With respect to clearing...

  7. 17 CFR 23.609 - Clearing member risk management.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ...2013-04-01 2013-04-01 false Clearing member risk management. 23.609 Section 23.609 Commodity and Securities...Major Swap Participants § 23.609 Clearing member risk management. (a) With respect to clearing...

  8. 78 FR 76297 - Social Media: Consumer Compliance Risk Management Guidance

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-17

    ...Docket No. FFIEC-2013-0002] Social Media: Consumer Compliance Risk Management Guidance...supervisory guidance entitled ``Social Media: Consumer Compliance Risk Management Guidance...posed by their involvement with social media. DATES: Effective immediately. FOR...

  9. Industrial Energy Efficiency as a Risk Management Strategy

    E-print Network

    Naumoff, C.; Shipley, A. M.

    2007-01-01

    Industry utilizes risk management as a tool in efforts to maximize the bottom line. Industry embraced risk management strategies in the 1960s and since then it has become a key component of a comprehensive business strategy. Peter Fusaro, author...

  10. Impact of demographics on supply chain risk management practices

    E-print Network

    Kanyagui, Kenneth (Kenneth K.)

    2010-01-01

    Do demographic factors play a role in the choice of supply chain risk management practices by supply chain professionals? Are there stronger relationships between certain demographic factors and supply chain risk management ...

  11. OVERVIEW OF THE INTRAMURAL RISK MANAGEMENT RESEARCH PROGRAM

    EPA Science Inventory

    This presentation will provide a summary of the risk management portion of ORD's endocrine disrupting chemicals (EDCs) research program, including its motivation, goals, planning efforts and resulting research areas. In an emerging research area like EDCs, risk management ...

  12. REQUEST FOR A CERTIFICATE OF INSURANCE BYU RISK MANAGEMENT

    E-print Network

    Olsen Jr., Dan R.

    REQUEST FOR A CERTIFICATE OF INSURANCE BYU RISK MANAGEMENT A completed request form is due at Risk Management at least two weeks before event. This is a request for a general certificate ­ for Student Film

  13. Risk Management Office University of California, Santa Barbara

    E-print Network

    Liebling, Michael

    Risk Management Office University of California, Santa Barbara List of Caterers Approved to Work = Additional Insured Endorsement 1Pg. #12;Risk Management Office University of California, Santa Barbara List

  14. Risk Management Office University of California, Santa Barbara

    E-print Network

    Liebling, Michael

    Risk Management Office University of California, Santa Barbara List of Caterers Approved to Work Endorsement 1Pg. #12;Risk Management Office University of California, Santa Barbara List of Caterers Approved

  15. Managing Risk in a Dynamic World Economy

    E-print Network

    Harris, Harold M.; Benson, Geoffrey A.; Rosson, C. Parr

    1999-06-23

    Managing Risk in a Dynamic World Economy Harold M. Harris, Jr., Geoffery A. Benson and Parr Rosson* U.S. agriculture has undergone dramatic change in the 1990s. New trade poli- cies under NAFTA and GATT opened markets previously closed to some U....S. pro- ducers, but created additional import competition for others. The 1996 farm bill removed the government safety net for some crops, leading to more downside price risk. Economic and political turmoil occurred in the former USSR. China emerged as a...

  16. Mission Risk Reduction Regulatory Change Management

    NASA Technical Reports Server (NTRS)

    Scroggins, Sharon

    2007-01-01

    NASA Headquarters Environmental Management Division supports NASA's mission to pioneer the future in space exploration, scientific discovery, and aeronautics research by integrating environmental considerations into programs and projects early-on, thereby proactively reducing NASA's exposure to institutional, programmatic and operational risk. As part of this effort, NASA established the Principal Center for Regulatory Risk Analysis and Communication (RRAC PC) as a resource for detecting, analyzing, and communicating environmental regulatory risks to the NASA stakeholder community. The RRAC PC focuses on detecting emerging environmental regulations and other operational change drivers that may pose risks to NASA programs and facilities, and effectively communicating the potential risks. For example, regulatory change may restrict how and where certain activities or operations may be conducted. Regulatory change can also directly affect the ability to use certain materials by mandating a production phase-out or restricting usage applications of certain materials. Regulatory change can result in significant adverse impacts to NASA programs and facilities due to NASA's stringent performance requirements for materials and components related to human-rated space vehicles. Even if a regulation does not directly affect NASA operations, U.S. and international regulations can pose program risks indirectly through requirements levied on manufacturers and vendors of components and materials. For example, manufacturers can change their formulations to comply with new regulatory requirements. Such changes can require time-consuming and costly requalification certification for use in human spaceflight programs. The RRAC PC has implemented a system for proactively managing regulatory change to minimize potential adverse impacts to NASA programs and facilities. This presentation highlights the process utilized by the RRACPC to communicate regulatory change and the associated potential risks within NASA, as well as the process for communicating and cooperating with other government agencies and industry partners, both domestic and international, to ensure mission success.

  17. Past and present of risk management in healthcare.

    PubMed

    Messano, Giuseppe Alessio; De Bono, Virgilio; Di Folco, Francesco; Marsella, Luigi Tonino

    2014-01-01

    The present article describes the history of risk management, how it was born and how it has evolved, with a specific focus on healthcare. Risk management was a strategy initially used primarily in the economic and business sector. We analysed how the continuous increase of medical malpractice lawsuits involving demands for compensation led to the adoption of risk management strategies in healthcare. The various clinical risk-management strategies adopted in different countries and in different historical periods are also described. PMID:25353272

  18. Managing Disruptions in Decentralized Supply Chains with Endogenous Supply Process Reliability

    E-print Network

    Gupta, Diwakar

    Managing Disruptions in Decentralized Supply Chains with Endogenous Supply Process Reliability 55455 guptad@me.umn.edu October 1, 2012 #12;Managing Disruptions in Decentralized Supply Chains managers because supply chains have become longer and price competition is driving firms to purchase from

  19. Using Dynamic Risk and Protective Factors to Predict Inpatient Aggression: Reliability and Validity of START Assessments

    ERIC Educational Resources Information Center

    Desmarais, Sarah L.; Nicholls, Tonia L.; Wilson, Catherine M.; Brink, Johann

    2012-01-01

    The Short-Term Assessment of Risk and Treatability (START; C. D. Webster, M. L. Martin, J. Brink, T. L. Nicholls, & S. L. Desmarais, 2009; C. D. Webster, M. L. Martin, J. Brink, T. L. Nicholls, & C. Middleton, 2004) is a relatively new structured professional judgment guide for the assessment and management of short-term risks associated with…

  20. Risk Analysis Related to Quality Management Principles

    NASA Astrophysics Data System (ADS)

    Vykydal, David; Halfarová, Petra; Nenadál, Jaroslav; Plura, Ji?í; Hekelová, Edita

    2012-12-01

    Efficient and effective implementation of quality management principles asks for a responsible approach from top managers' perspectives. A study of the current state of affairs in Czech organizations discovers a lot of shortcomings in this field that can be changed to vary managerial risks. The article identifies and analyses some of them and gives short guidance for appropriate treatment. Text of the article reflects the authors' experience as well as knowledge obtained from the systematic analysis of industrial companies' environments.

  1. Workplace assessment of targeted violence risk: the development and reliability of the WAVR-21.

    PubMed

    Meloy, J Reid; White, Stephen G; Hart, Stephen

    2013-09-01

    This study describes the development of the WAVR-21, a structured professional judgment guide for the assessment of workplace targeted violence, and presents initial interrater reliability results. The 21-item instrument codes both static and dynamic risk factors and change, if any, over time. Five critical items or red flag indicators assess violent motives, ideation, intent, weapons skill, and pre-attack planning. Additional items assess the contribution of mental disorder, negative personality factors, situational factors, and a protective factor. Eleven raters each rated 12 randomly assigned cases from actual files of workplace threat scenarios. Summary interrater reliability correlation coefficients (ICCs) for overall presence of risk factors, risk of violence, and seriousness of the violent act were in the fair to good range, similar to other structured professional judgment instruments. A subgroup of psychologists who were coders produced an ICC of 0.76 for overall presence of risk factors. Some of the individual items had poor reliability for both clinical and statistical reasons. The WAVR-21 appears to improve the structuring and organizing of empirically based risk-relevant data and may enhance communication and decision making. PMID:23865721

  2. Managing total corporate electricity/energy market risks

    SciTech Connect

    Henney, A.; Keers, G.

    1998-10-01

    The banking industry has developed a tool kit of very useful value at risk techniques for hedging risk, but these techniques must be adapted to the special complexities of the electricity market. This paper starts with a short history of the use of value-at-risk (VAR) techniques in banking risk management and then examines the specific and, in many instances, complex risk management challenges faced by electric companies from the behavior of prices in electricity markets and from the character of generation and electric retailing risks. The third section describes the main methods for making VAR calculations along with an analysis of their suitability for analyzing the risks of electricity portfolios and the case for using profit at risk and downside risk as measures of risk. The final section draws the threads together and explains how to look at managing total corporate electricity market risk, which is a big step toward managing total corporate energy market risk.

  3. Developing a Common Language About IT Risk Management

    E-print Network

    Westerman, George

    2009-06-01

    Although IT risks can have wide-ranging business consequences, few executives feel comfortable discussing IT risk management. It doesn’t have to be this way. Executive-level tradeoffs around IT risk are managerial, not ...

  4. 14 CFR 121.527 - Fatigue risk management system.

    Code of Federal Regulations, 2013 CFR

    2013-01-01

    ...2013-01-01 2013-01-01 false Fatigue risk management system. 121.527...Supplemental Operations § 121.527 Fatigue risk management system. (a) No...subpart unless approved by the FAA under a Fatigue Risk Management System. (b)...

  5. 14 CFR 117.7 - Fatigue risk management system.

    Code of Federal Regulations, 2014 CFR

    2014-01-01

    ...2014-01-01 2014-01-01 false Fatigue risk management system. 117.7 Section...REQUIREMENTS: FLIGHTCREW MEMBERS § 117.7 Fatigue risk management system. (a) No...part unless approved by the FAA under a Fatigue Risk Management System that...

  6. 14 CFR 121.495 - Fatigue risk management system.

    Code of Federal Regulations, 2013 CFR

    2013-01-01

    ...2013-01-01 2013-01-01 false Fatigue risk management system. 121.495...Limitations: Flag Operations § 121.495 Fatigue risk management system. (a) No...subpart unless approved by the FAA under a Fatigue Risk Management System. (b)...

  7. 14 CFR 117.7 - Fatigue risk management system.

    Code of Federal Regulations, 2013 CFR

    2013-01-01

    ...2013-01-01 2013-01-01 false Fatigue risk management system. 117.7 Section...MEMBERS (EFF. 1-4-14) § 117.7 Fatigue risk management system. (a) No...part unless approved by the FAA under a Fatigue Risk Management System that...

  8. 14 CFR 121.473 - Fatigue risk management system.

    Code of Federal Regulations, 2014 CFR

    2014-01-01

    ...2014-01-01 2014-01-01 false Fatigue risk management system. 121.473...Domestic Operations § 121.473 Fatigue risk management system. (a) No...subpart unless approved by the FAA under a Fatigue Risk Management System. (b)...

  9. 14 CFR 121.527 - Fatigue risk management system.

    Code of Federal Regulations, 2014 CFR

    2014-01-01

    ...2014-01-01 2014-01-01 false Fatigue risk management system. 121.527...Supplemental Operations § 121.527 Fatigue risk management system. (a) No...subpart unless approved by the FAA under a Fatigue Risk Management System. (b)...

  10. Annex 2 Risk Guidance Science Programme Office Project Management

    E-print Network

    the risk. This approach underpins the key objective of risk management. Basic Principles and Process STFC that the information can facilitate communication and the management decision making process. Certain activities must project assurance process. An outline of the steps used in the risk management process is shown below

  11. A Roadmap to Risk-Aware Business Process Management

    E-print Network

    A Roadmap to Risk-Aware Business Process Management Stefan Jakoubi, Thomas Neubauer Secure Business performed by the domain of business process management, whereas the consideration of risks and continuous execution of business processes is considered separately by risk management and business continuity

  12. OSU Office of Risk Management Foreign Citizens Working Abroad

    E-print Network

    Tullos, Desiree

    OSU Office of Risk Management Foreign Citizens Working Abroad Student/Employee Name: Phone: E the Office of Risk Management (ORM) for additional information. Student/Employee Status: (full warning or sanction, contact the Office of Risk Management at OSU. Special conditions may apply

  13. Operational Risk Management: Added Value of Advanced Methodologies

    E-print Network

    Maume-Deschamps, VĂ©ronique

    Operational Risk Management: Added Value of Advanced Methodologies Paris, September 2013 Bertrand HASSANI Head of Major Risks Management & Scenario Analysis Santander UK Disclaimer: The opinions, ideas Measurement Key statements 1. Risk management moto: Si Vis Pacem Para Belum 1. Awareness 2. Prevention 3

  14. The UNIVERSITY OF TENNESSEE Office of Risk Management

    E-print Network

    Cui, Yan

    The UNIVERSITY OF TENNESSEE Office of Risk Management 112 Conference Center Building Knoxville, TN to the Office of Risk Management. NOTE: Please share this information within your department/unit with those with University and State requirements. It is imperative that the Office of Risk Management be notified

  15. Leveraging Risk Management Across the Enterprise Daniel Fallon

    E-print Network

    Leveraging Risk Management Across the Enterprise Daniel Fallon Vice President & Chief Technology'm aware, right? They may manage their risks in specific ways, as we do in IT in very specific ways for putting systems in, for instance. But our risk-management function at my company today is ERM. It

  16. Visualization of Current Core Research Groups of Enterprise Risk Management

    Microsoft Academic Search

    Ping Zhuang; Yanxi Li; Haiyan Hou; Tianpeng Qu

    2008-01-01

    Through methods of visualization, maps of the core research groups of enterprise risk management (1994-2007) are drawn to identify the intellectual structure of current researches in the field of enterprise risk management. This study is based on bibliographic data retrieved from the Web of Science. The maps of the core research groups of enterprise risk management demonstrate the status of

  17. RISK ASSESSMENT AND MANAGEMENT: FRAMEWORK FOR DECISION MAKING

    EPA Science Inventory

    The risk assessment and risk management initiatives described in this report are tools which will help make possible more efficient protection of the environment and human health. e expect to gain the following specific management advantages: isk assessment and risk management he...

  18. Energy Risk Management 1 -Inter Faculty course Instructor: Dean FANTAZZINI

    E-print Network

    Kaplan, Alexander

    Clewlow and Chris Strickland. Energy Derivatives: Pricing and Risk Management (London: Lacima Publications.1 to 6.3 and 6.6 to 6.8 only. · Energy Swaps ­ Vincent Kaminski (ed). Managing Energy Price Risk (London: Energy Markets: The Instruments · Energy Options ­ Vincent Kaminski (ed). Managing Energy Price Risk

  19. Information Modeling for Rapid Prototyping in a Risk Management System

    Microsoft Academic Search

    Yong Bing Khoo; Mingwei Zhou; Berman Kayis

    2008-01-01

    Constantly evolving business requirements and the large amounts of data involved in concurrent engineering projects are challenges that managers face in managing project risks. This paper proposes an information modeling approach that can be used for the construction of risk models and lessons learnt. Using these models, rapid prototypes can be developed and deployed within a Web-based risk management system.

  20. FINANCIAL RISK MANAGEMENT ALBERS SCHOOL OF BUSINESS AND ECONOMICS

    E-print Network

    Carter, John

    FINANCIAL RISK MANAGEMENT FINC 445 ALBERS SCHOOL OF BUSINESS AND ECONOMICS FALL QUARTER 2013 Tues to Derivatives and Risk Management, 9th edition Don M. Chance & Robert Brooks A subscription to The Wall Street contracts are priced, how the futures market works and how investors manage risk (hedging). We

  1. Insurance Analytics Actuarial Tools for Financial Risk Management

    E-print Network

    Embrechts, Paul

    1 Insurance Analytics Actuarial Tools for Financial Risk Management Paul Embrechts ETH ZĂŒrich. About the title · Talk: ,,Actuarial versus Financial Pricing of Insurance" Risk Management in Insurance and A. McNeil ,,Stochastic Methods for Quantitative Risk Management" (Book manuscript, 2004, to appear

  2. UNIVERSITY OF VIRGINIA Office of Property & Liability Risk Management

    E-print Network

    Acton, Scott

    UNIVERSITY OF VIRGINIA Office of Property & Liability Risk Management Incident Report Form Complete-924-3055 if you have questions. Send the completed form within 24 hours to Property & Liability Risk Management by & Liability Risk Management PO BOX 400205 Charlottesville, VA 22904-4205 2400 Old Ivy Road Suite 181 GENERAL

  3. FR: Lee Mudrick, Insurance Administrator UC Santa Barbara Risk Management

    E-print Network

    Becker, Luann

    FR: Lee Mudrick, Insurance Administrator UC Santa Barbara Risk Management tel. (805) 893-2860 / fax Environmental Health & Safety Bldg. Risk Management Office, EH&S University of California Santa Barbara, CA be mailed, emailed, or faxed to: Risk Management Office Environmental Health & Safety Bldg. University

  4. Wind energy Computerized Maintenance Management System (CMMS) : data collection recommendations for reliability analysis.

    SciTech Connect

    Peters, Valerie A.; Ogilvie, Alistair; Veers, Paul S.

    2009-09-01

    This report addresses the general data requirements for reliability analysis of fielded wind turbines and other wind plant equipment. The report provides a list of the data needed to support reliability and availability analysis, and gives specific recommendations for a Computerized Maintenance Management System (CMMS) to support automated analysis. This data collection recommendations report was written by Sandia National Laboratories to address the general data requirements for reliability analysis of fielded wind turbines. This report is intended to help the reader develop a basic understanding of what data are needed from a Computerized Maintenance Management System (CMMS) and other data systems, for reliability analysis. The report provides: (1) a list of the data needed to support reliability and availability analysis; and (2) specific recommendations for a CMMS to support automated analysis. Though written for reliability analysis of wind turbines, much of the information is applicable to a wider variety of equipment and a wider variety of analysis and reporting needs.

  5. Optimizing grid contribution and economic returns from solar generators by managing the output uncertainty risk

    Microsoft Academic Search

    Soumyo V. Chakraborty; Sandeep K. Shukla; James Thorp

    2011-01-01

    Intermittent and uncertain nature of power output from weather-dependent renewable energy sources like solar is a major challenge in integrating them with traditional power grids that mostly consist of reliable power sources. We have created a framework for efficiently managing the weather-related uncertainty risk of solar generators and facilitating their integration into power grids while optimizing the economic return from

  6. Decision Making and Risk Management in Adventure Sports Coaching

    ERIC Educational Resources Information Center

    Collins, Loel; Collins, Dave

    2013-01-01

    Adventure sport coaches practice in environments that are dynamic and high in risk, both perceived and actual. The inherent risks associated with these activities, individuals' responses and the optimal exploitation of both combine to make the processes of risk management more complex and hazardous than the traditional sports where risk management…

  7. Energy Risk Management 1 -Master course Instructor: Dean FANTAZZINI

    E-print Network

    Kaplan, Alexander

    (20% of the ERP exam), and Modelling Energy Prices (10% of the ERP exam). · Prerequisites: Students and Futures · Energy Swaps ­ Vincent Kaminski (ed). Managing Energy Price Risk (London: Risk Books, 2004). Chapter 1: Energy Swaps · Energy Options ­ Vincent Kaminski (ed). Managing Energy Price Risk (London: Risk

  8. Prompt List for Risk Management in Sri Lankan Software Industry

    Microsoft Academic Search

    M. Perera; M. Ranasinghe

    2006-01-01

    Sound risk management is of crucial importance in software projects. As an emerging industry in Sri Lanka, software companies should focus on the proper risk management techniques. Unfortunately a large number of companies fail to achieve their project objectives. To avoid such situations, it is important for organizations to identify the main risks and take appropriate risk response actions. In

  9. Risk Management Plan Electron Beam Ion Source Project

    E-print Network

    Risk Management Plan for the Electron Beam Ion Source Project (EBIS) Project # 06-SC-002 risks, where "risk" refers to factors within the Project's control that threaten project performance. There are three specific areas of risk that can be controlled and managed by the EBIS Project team and these are

  10. Modelling of risk management in health care facilities

    Microsoft Academic Search

    M. I. Okoroh; B. D. Ilozor; P. P. Gombera

    2006-01-01

    Purpose – To evaluate the use of neural networks in healthcare facilities risk management. Design\\/methodology\\/approach – The data used to develop the input to the national health service facilities risk exposure system (NHSFRES) was solicited from 60 healthcare managers. Risk exposure system has been developed using the risk knowledge that was articulated from experienced healthcare operators through postal questionnaires and

  11. Medication Use Risk Management: Hospital Meets Home Care

    Microsoft Academic Search

    Miriam R. Aufseeser-Weiss; Deborah Anne Ondeck

    2000-01-01

    Risk management is an objective strategy that seeks to eliminate or decrease the chances of financial loss and legal action. Risk management focuses on an actual mistake, an accident, or a potential similar occurrence. Risks occur in nursing in a variety of practice settings. Nursing has identified several key areas in which systematic change has improved and decreased the risk

  12. A conceptual planning tool for mountain hazard and risk management

    NASA Astrophysics Data System (ADS)

    Mazzorana, Bruno; Fuchs, Sven

    2010-05-01

    Following the premises of integral risk management, comprehensive mitigation concepts have to be elaborated in a structured manner aiming to fulfil the requirements of effectiveness and efficiency. In order to achieve the optimal protection level against hazard processes, the planning process has to follow distinct guidelines that allow for a consistent management process. Thereby, the necessities of efficient risk reduction have to meet other commensurate requirements, such as ecological sustainability, technical reliability, feasibility of the concept itself even under changing system loadings, as well as an adapted maintenance strategy. Until now, only little work has been done to conceptualise such necessities from an integrative point of view. So far, most of the engineering strategies aimed either at maximising the hydraulic discharge capacity or the bed load retention, or at consolidating the streambed and limit the rate of bedload production. To overcome these shortcomings we propose a revision of the underlying planning process by means of a step-by-step approach. This approach will gear functionally efficient mitigation measures that are able to provide a higher degree of risk reduction than conventional mitigation strategies by including possible alternatives already in the early planning stages.

  13. Social risk management through transitional labour markets

    Microsoft Academic Search

    2005-01-01

    Abstract: This essay takes the intrusion of the term'risk management'into the social policy discourse as a'moral opportunity'to reconsider the balance between solidarity and individual responsibility. The argument is developed in four steps: First, the psychology of intuitive beliefs and choices points to the bounded rationality of risky choices. The paper demonstrates how the institutionalisation of oppor-tunity structures recommended by the

  14. Rethinking budgetary slack as budget risk management

    Microsoft Academic Search

    Moataz Elmassri; Elaine Harris

    2011-01-01

    Purpose – The purpose of this paper is to draw on a small-scale study that investigated the relationships between the budget-setting process and slack, and how budgetary, behavioural and contextual factors can affect this relationship, to reconceptualise the phenomenon of budgetary slack as a budget risk management strategy. Design\\/methodology\\/approach – A case study method was employed, which enabled the researchers

  15. Cultural resource management: The risk of compliance

    SciTech Connect

    Curtis, S.A.

    1994-02-01

    The statutory mandate for federal agencies to involve American Indians in the management of cultural resources may create a cultural risk for the people those statutes are intended to protect. A conceptual framework is given to help understand this dilemma. Factors that can exacerbate the severity of the adverse cultural impacts for tribal people are also examined. Policy recommendations are offered for reducing tensions among an the participants in the statutory process.

  16. Risk management tools for the project designer

    SciTech Connect

    Stuewe, R.B.; Barnes, M.; Brehm, D.; Rosenberg, D.; Jackson, K.

    1994-05-01

    Los Alamos National Laboratory uses a variety of continuous improvement methods, one of which is known as a Continuous Quality Improvement (CQI) Team. The CQI Teams and their results are proving to be effective in improving work processes at Los Alamos National Laboratory. The work reported in this paper is centered around the application of information systems to improve a LANL risk management process. The continuous improvement technique as well as its result should have applicability across DOE M&O Contractor operations.

  17. A Systems Modeling Approach for Risk Management of Command File Errors

    NASA Technical Reports Server (NTRS)

    Meshkat, Leila

    2012-01-01

    The main cause of commanding errors is often (but not always) due to procedures. Either lack of maturity in the processes, incompleteness of requirements or lack of compliance to these procedures. Other causes of commanding errors include lack of understanding of system states, inadequate communication, and making hasty changes in standard procedures in response to an unexpected event. In general, it's important to look at the big picture prior to making corrective actions. In the case of errors traced back to procedures, considering the reliability of the process as a metric during its' design may help to reduce risk. This metric is obtained by using data from Nuclear Industry regarding human reliability. A structured method for the collection of anomaly data will help the operator think systematically about the anomaly and facilitate risk management. Formal models can be used for risk based design and risk management. A generic set of models can be customized for a broad range of missions.

  18. Cognitive mapping tools: review and risk management needs.

    PubMed

    Wood, Matthew D; Bostrom, Ann; Bridges, Todd; Linkov, Igor

    2012-08-01

    Risk managers are increasingly interested in incorporating stakeholder beliefs and other human factors into the planning process. Effective risk assessment and management requires understanding perceptions and beliefs of involved stakeholders, and how these beliefs give rise to actions that influence risk management decisions. Formal analyses of risk manager and stakeholder cognitions represent an important first step. Techniques for diagramming stakeholder mental models provide one tool for risk managers to better understand stakeholder beliefs and perceptions concerning risk, and to leverage this new understanding in developing risk management strategies. This article reviews three methodologies for assessing and diagramming stakeholder mental models--decision-analysis-based mental modeling, concept mapping, and semantic web analysis--and assesses them with regard to their ability to address risk manager needs. PMID:22340369

  19. Ecological risk assessment benefits environmental management

    SciTech Connect

    Fairbrother, A.; Kapustka, L.A.; Williams, B.A. [Ecological Planning and Toxicology, Inc., Corvallis, OR (United States); Glicken, J. [Sandia National Labs., Albuquerque, NM (United States)

    1994-12-31

    The ecological risk assessment process in its ideal form is an unbiased approach for assessing the probability of harm to the environment as a consequence of a given action. This information can then be combined with other societal values and biases in the management of such risks. However, as the process currently is understood, decision makers often are accused of manipulating information in order to generate decisions or achieve buy in from the public in support of a particular political agenda. A clear understanding of the nature of the risk management process can help define areas where information should be free from social or personal bias, and areas where values and judgments are critical. The authors do not propose to discuss the individual`s decision-making process, but rather to address the social process of risk communication and environmentally-related decision-making, identifying which parts of that process require bias-free, scientifically generated information about the consequences of various actions and which parts need an understanding of the social values which underlie the informed choices among those possible actions.

  20. Bisphenol a and risk management ethics.

    PubMed

    Resnik, David B; Elliott, Kevin C

    2015-03-01

    It is widely recognized that endocrine disrupting compounds, such as Bisphenol A, pose challenges for traditional paradigms in toxicology, insofar as these substances appear to have a wider range of low-dose effects than previously recognized. These compounds also pose challenges for ethics and policymaking. When a chemical does not have significant low-dose effects, regulators can allow it to be introduced into commerce or the environment, provided that procedures and rules are in place to keep exposures below an acceptable level. This option allows society to maximize the benefits from the use of the chemical while minimizing risks to human health or the environment, and it represents a compromise between competing values. When it is not possible to establish acceptable exposure levels for chemicals that pose significant health or environmental risks, the most reasonable options for risk management may be to enact either partial or complete bans on their use. These options create greater moral conflict than other risk management strategies, leaving policymakers difficult choices between competing values. PMID:24471646

  1. Plant lifetime reliability and risk: Addressing today's strategies for making tomorrow's decisions

    SciTech Connect

    Boccio, J.L.

    1986-01-01

    This paper presents an overview of some of the research projects, conducted for the US Nuclear Regulatory Commission (NRC) that deal with the question: How can an acceptable level of risk of a nuclear power plant be maintained throughout its design life. With a viewpoint that life extension planning for a plant can be viewed as a long-range, strategic maintenance program, the products of this research are discussed from the perspective of being elements that can tie day-to-day, plant operational tactical decisions on component/system reliability with long-range strategic maintenance goals. A common factor in addressing issues associated with design life and life extension is the issue of component aging and the reliability implications of aging. A time-dependent reliability model is described which contains some of the requisite ingredients and is built on a framework from which the component aging/component reliability issue can be addressed. By way of select examples, the additional work needed to further address plant lifetime reliability and risk is indicated.

  2. Uncertainty Quantification in the Reliability and Risk Assessment of Generation IV Reactors: Final Scientific\\/Technical Report

    Microsoft Academic Search

    Karen Vierow; Tunc Aldemir

    2009-01-01

    The project entitled, Uncertainty Quantification in the Reliability and Risk Assessment of Generation IV Reactors, was conducted as a DOE NERI project collaboration between Texas A&M University and The Ohio State University between March 2006 and June 2009. The overall goal of the proposed project was to develop practical approaches and tools by which dynamic reliability and risk assessment techniques

  3. A Framework for Integrating Knowledge Management with Risk Management for Information Technology Projects (RiskManiT)

    ERIC Educational Resources Information Center

    Karadsheh, Louay A.

    2010-01-01

    This research focused on the challenges experienced when executing risk management activities for information technology projects. The lack of adequate knowledge management support of risk management activities has caused many project failures in the past. The research objective was to propose a conceptual framework of the Knowledge-Based Risk…

  4. Ecological Supply Chains Performance Evaluation and Disruption Risk Management Strategies

    Microsoft Academic Search

    Guojun Ji

    2009-01-01

    This article presents the ecological supply chain (ESC) model and demonstrates its benefits. The causes that make an ESC vulnerable to disruption risks are analyzed; the objective is to balance the cost and the disruption risk. Also, it provides supply management strategies, demand management strategies, product management strategies, and information management strategies. Practice in China is reviewed. Based on exergoeconomics

  5. Department of Financial Services Division of Risk Management

    E-print Network

    Fernandez, Eduardo

    Department of Financial Services Division of Risk Management State Employees' Workers' Compensation and Volunteers: The Division of Risk Management has partnered with AmeriSys to provide medical case management Management Partner Report an On-The-Job Injury or Illness to 800 455 2079 To State of Florida Employees

  6. RISK MANAGEMENT SYMPOSIUM Could the U.S.

    E-print Network

    Johnson Jr.,, Ray

    2ND ANNUAL RISK MANAGEMENT SYMPOSIUM Could the U.S. Lose Its AAA Rating? And If So, Then What? How-997-5700 www.qc.cuny.edu/riskmanagement SPONSORS: The Graduate Program in Risk Management at Queens College #12; is required. PANELISTS PHIL GOCKE, Managing Director, Options Industry Council PHIL GUARCO, Managing

  7. Land Managers' Perceptions of Risk Recreation in the Northern Rockies.

    ERIC Educational Resources Information Center

    Allen, Stewart D.

    This survey was conducted to determine the frequency of participation in high-risk recreation activities in the Northern Rocky Mountains and to identify how wildland managers perceive the presence of these sports and the problems associated with them. Managers rated perceived risk, management difficulty, and appropriateness given management…

  8. Nuclear safety culture and integrated risk management

    SciTech Connect

    Joksimovich, V.; Orvis, D.D. (Accident Prevention Group, San Diego, CA (United States))

    1993-01-01

    A primary focus of nuclear safety is the prevention of large releases of radioactivity in the case of low-probability severe accidents. An analysis of the anatomy of nuclear (Chernobyl, Three Mile Island Unit 2) and nonnuclear (Challenger, Bhopal, Piper Alpha, etc.) severe accidents yields four broad categories of root causes: human (operating crew response), machine (design with its basic flaws), media (natural phenomena, operational considerations, political environment, commercial pressures, etc.)-providing triggering events, and management (basic organizational safety culture flaws). A strong management can minimize the contributions of humans, machines, and media to the risk arising from the operation of hazardous facilities. One way that management can have a powerful positive influence is through the establishment of a proper safety culture. The term safety culture is used as defined by the International Atomic Energy Agency's International Safety Advisory Group.

  9. A fuzzy approach to construction project risk assessment and analysis: construction project risk management system

    Microsoft Academic Search

    V Carr; J. H. M Tah

    2001-01-01

    The construction industry is plagued by risk, and poor performance has often been the result. Although risk management techniques have been applied, the lack of a formalised approach has produced inconsistent results. In this paper, a hierarchical risk breakdown structure is described to represent a formal model for qualitative risk assessment. The relationships between risk factors, risks, and their consequences

  10. Towards a better reliability of risk assessment: Development of a qualitative & quantitative risk evaluation model ( Q 2 REM) for different trades of construction works in Hong Kong

    Microsoft Academic Search

    Ivan W. H. Fung; Tommy Y. Lo; Karen C. F. Tung

    Since the safety professionals are the key decision makers dealing with project safety and risk assessment in the construction industry, their perceptions of safety risk would directly affect the reliability of risk assessment. The safety professionals generally tend to heavily rely on their own past experiences to make subjective decisions on risk assessment without systematic decision making. Indeed, understanding of

  11. Rangeland Risk Management for Texans: Common Grazing Management Mistakes

    E-print Network

    White, Larry D.; Hanselka, C. Wayne; Clayton, Lindi

    2000-11-01

    - ly so that they can handle unforseen situations, recognize the warning signs of unacceptable risks, and correct their management strategies before the rangeland resource is harmed. ?Ranchers have often equated livestock numbers with their wealth... if it harms the natural range ecosystem. Often, too much importance is placed on immediate gross returns from livestock and/or wildlife, and not enough on maintaining rangeland health. Checklist of Mistakes 1) Failure to change from the historical stocking...

  12. Human System Risk Management for Space Flight

    NASA Technical Reports Server (NTRS)

    Davis, Jeffrey

    2015-01-01

    This brief abstract reviews the development of the current day approach to human system risk management for space flight and the development of the critical components of this process over the past few years. The human system risk management process now provides a comprehensive assessment of each human system risk by design reference mission (DRM) and is evaluated not only for mission success but also for long-term health impacts for the astronauts. The discipline of bioastronautics is the study of the biological and medical effects of space flight on humans. In 1997, the Space Life Sciences Directorate (SLSD) initiated the Bioastronautics Roadmap (Roadmap) as the "Critical Path Roadmap", and in 1998 participation in the roadmap was expanded to include the National Space Biomedical Research Institute (NSBRI) and the external community. A total of 55 risks and 250 questions were identified and prioritized and in 2000, the Roadmap was base-lined and put under configuration control. The Roadmap took into account several major advisory committee reviews including the Institute of Medicine (IOM) "Safe Passage: Astronaut care for Exploration Missions", 2001. Subsequently, three collaborating organizations at NASA HQ (Chief Health and Medical Officer, Office of Space Flight and Office of Biological & Physical Research), published the Bioastronautics Strategy in 2003, that identified the human as a "critical subsystem of space flight" and noted that "tolerance limits and safe operating bands must be established" to enable human space flight. These offices also requested a review by the IOM of the Roadmap and that review was published in October 2005 as "A Risk Reduction Strategy for Human Exploration of Space: A Review of NASA's Bioastronautics Roadmap", that noted several strengths and weaknesses of the Roadmap and made several recommendations. In parallel with the development of the Roadmap, the Office of the Chief Health and Medical Officer (OCHMO) began a process in 2004 of evaluating the tolerance limits and safe operating bands called for in the Bioastronautics Strategy. Over the next several years, the concept of the "operating bands" were turned into Space Flight Human System Standards (SFHSS), developed by the technical resources of the SLSD at the NASA Johnson Space Center (JSC). These standards were developed and reviewed at the SLSD and then presented to the OCHMO for acceptance. The first set of standards was published in 2007 as the NASA-STD-3001, Volume 1, Crew Health that elaborated standards for several physiological areas such as cardiovascular, musculoskeletal, radiation exposure and nutrition. Volume 2, Human Factors, Habitability and Human Health was published in 2011, along with development guidance in the Human Integration Design Handbook (HIDH). Taken together, the SFHSS Volumes 1 and 2, and the HIDH replaced the NASA-STD-3000 with new standards and revisions of the older document. Three other changes were also taking place that facilitated the development of the human system risk management approach. In 2005, the life sciences research and development portfolio underwent a comprehensive review through the Exploration Systems Architecture Study (ESAS) that resulted in the reformulation of the Bioastronautics Program into Human Research Program (HRP) that was focused on appropriate mitigation results for high priority human health risks. The baseline HRP budget was established in August 2005. In addition, the OCHMO formulated the Health and Medical Technical Authority (HMTA) in 2006 that established the position of the Chief Medical Officer (CMO) at the NASA JSC along with other key technical disciplines, and the OCHMO became the responsible office for the SFHSS as noted above. The final change was the establishment in 2008 of the Human System Risk Board (HSRB), chaired by the CMO with representation from the HRP, SLSD management and technical experts. The HSRB then began to review all human system risks, established a comprehensive risk managemen

  13. Novel Threat-risk Index Using Probabilistic Risk Assessment and Human Reliability Analysis - Final Report

    SciTech Connect

    George A. Beitel

    2004-02-01

    In support of a national need to improve the current state-of-the-art in alerting decision makers to the risk of terrorist attack, a quantitative approach employing scientific and engineering concepts to develop a threat-risk index was undertaken at the Idaho National Engineering and Environmental Laboratory (INEEL). As a result of this effort, a set of models has been successfully integrated into a single comprehensive model known as Quantitative Threat-Risk Index Model (QTRIM), with the capability of computing a quantitative threat-risk index on a system level, as well as for the major components of the system. Such a threat-risk index could provide a quantitative variant or basis for either prioritizing security upgrades or updating the current qualitative national color-coded terrorist threat alert.

  14. Risk management modeling and its application in maritime safety

    NASA Astrophysics Data System (ADS)

    Qin, Ting-Rong; Chen, Wei-Jiong; Zeng, Xiang-Kun

    2008-12-01

    Quantified risk assessment (QRA) needs mathematicization of risk theory. However, attention has been paid almost exclusively to applications of assessment methods, which has led to neglect of research into fundamental theories, such as the relationships among risk, safety, danger, and so on. In order to solve this problem, as a first step, fundamental theoretical relationships about risk and risk management were analyzed for this paper in the light of mathematics, and then illustrated with some charts. Second, man-machine-environment-management (MMEM) theory was introduced into risk theory to analyze some properties of risk. On the basis of this, a three-dimensional model of risk management was established that includes: a goal dimension; a management dimension; an operation dimension. This goal management operation (GMO) model was explained and then emphasis was laid on the discussion of the risk flowchart (operation dimension), which lays the groundwork for further study of risk management and qualitative and quantitative assessment. Next, the relationship between Formal Safety Assessment (FSA) and Risk Management was researched. This revealed that the FSA method, which the international maritime organization (IMO) is actively spreading, comes from Risk Management theory. Finally, conclusion were made about how to apply this risk management method to concrete fields efficiently and conveniently, as well as areas where further research is required.

  15. REVAMPING RISK MANAGEMENT IN HONG KONG CONSTRUCTION INDUSTRY

    Microsoft Academic Search

    Motiar Rahman; Mohan Kumaraswamy

    2001-01-01

    1. ABSTRACT All construction project risks are not foreseeable, while the nature and extent of even commonly foreseen risks may change considerably with time. Despite increasing efforts to assign risks clearly and contractually on the basis of sound risk allocation principles, it appears that some risks are best managed jointly i.e. by synergising the experiential knowledge, resources and sustained efforts

  16. Unit 15: Risk Management To explain the concept of risk & to develop its role

    E-print Network

    Finkelstein, Anthony

    to repay your mortgage or any loans secured on it� „ Health risks - �the chance that a person1 Unit 15: Risk Management Objectives Ð To explain the concept of risk & to develop its role within the software development process Ð To introduce the use of risk management as a means of identifying

  17. Farm Risk Management Between Normal Business Risk and Climatic/Market Shocks

    E-print Network

    Paris-Sud XI, Université de

    1 Farm Risk Management Between Normal Business Risk and Climatic/Market Shocks by Jean Cordier by any means, provided that this copyright notice appears on all such copies #12;2 Farm Risk Management Between Normal Business Risk and Climatic/Market Shocks by Jean Cordier, Professor Agrocampus Rennes

  18. Risk management in small- and medium-sized enterprises

    Microsoft Academic Search

    A. M. Blanc Alquier; M. H. Lagasse Tignol

    2006-01-01

    Risk management is a major issue for companies. But risk and risk management, although a sensitive and current subject, are rather ill-defined, which cause difficulties to companies, and specifically small- and medium-sized enterprises (SMEs). The research presented proposes an innovative and generic approach based on fundamental hypotheses:?•?Risk is the most powerful driver and issue in industrial activities and management by

  19. Principles for Managing Contaminated Sediment Risks at Hazardous Waste Sites

    NSDL National Science Digital Library

    Lamont Horinko, Marianne.

    2002-01-01

    On February 20, 2002, the Environmental Protection Agency (EPA) released an eleven-page memorandum entitled Principles for Managing Contaminated Sediment Risks at Hazardous Waste Sites. Eleven risk management principles are presented, such as "control sources early" and "involve the community." The memo is intended to help guide Superfund National Policy Managers make "scientifically sound and nationally consistent risk management decisions at contaminated sediment sites," while giving an interesting look into governmental policies regarding the nation's most dangerous hazardous waste sites..

  20. An evaluation of the reliability and usefulness of external-initiator PRA (probabilistic risk analysis) methodologies

    SciTech Connect

    Budnitz, R.J.; Lambert, H.E. (Future Resources Associates, Inc., Berkeley, CA (USA))

    1990-01-01

    The discipline of probabilistic risk analysis (PRA) has become so mature in recent years that it is now being used routinely to assist decision-making throughout the nuclear industry. This includes decision-making that affects design, construction, operation, maintenance, and regulation. Unfortunately, not all sub-areas within the larger discipline of PRA are equally mature,'' and therefore the many different types of engineering insights from PRA are not all equally reliable. 93 refs., 4 figs., 1 tab.

  1. Evaluation of volcanic risk management in Merapi and Bromo Volcanoes

    NASA Astrophysics Data System (ADS)

    Bachri, S.; Stöetter, J.; Sartohadi, J.; Setiawan, M. A.

    2012-04-01

    Merapi (Central Java Province) and Bromo (East Java Province) volcanoes have human-environmental systems with unique characteristics, thus causing specific consequences on their risk management. Various efforts have been carried out by many parties (institutional government, scientists, and non-governmental organizations) to reduce the risk in these areas. However, it is likely that most of the actions have been done for temporary and partial purposes, leading to overlapping work and finally to a non-integrated scheme of volcanic risk management. This study, therefore, aims to identify and evaluate actions of risk and disaster reduction in Merapi and Bromo Volcanoes. To achieve this aims, a thorough literature review was carried out to identify earlier studies in both areas. Afterward, the basic concept of risk management cycle, consisting of risk assessment, risk reduction, event management and regeneration, is used to map those earlier studies and already implemented risk management actions in Merapi and Bromo. The results show that risk studies in Merapi have been developed predominantly on physical aspects of volcanic eruptions, i.e. models of lahar flows, hazard maps as well as other geophysical modeling. Furthermore, after the 2006 eruption of Merapi, research such on risk communication, social vulnerability, cultural vulnerability have appeared on the social side of risk management research. Apart from that, disaster risk management activities in the Bromo area were emphasizing on physical process and historical religious aspects. This overview of both study areas provides information on how risk studies have been used for managing the volcano disaster. This result confirms that most of earlier studies emphasize on the risk assessment and only few of them consider the risk reduction phase. Further investigation in this field work in the near future will accomplish the findings and contribute to formulate integrated volcanic risk management cycles for both Merapi and Bromo. Keywords: Risk management, volcanoes hazard, Merapi and Bromo Volcano Indonesia

  2. Managing hydroclimatic risks in federal rivers: a diagnostic assessment.

    PubMed

    Garrick, Dustin; De Stefano, Lucia; Fung, Fai; Pittock, Jamie; Schlager, Edella; New, Mark; Connell, Daniel

    2013-11-13

    Hydroclimatic risks and adaptive capacity are not distributed evenly in large river basins of federal countries, where authority is divided across national and territorial governments. Transboundary river basins are a major test of federal systems of governance because key management roles exist at all levels. This paper examines the evolution and design of interstate water allocation institutions in semi-arid federal rivers prone to drought extremes, climatic variability and intensified competition for scarce water. We conceptualize, categorize and compare federal rivers as social-ecological systems to analyse the relationship between governance arrangements and hydroclimatic risks. A diagnostic approach is used to map over 300 federal rivers and classify the hydroclimatic risks of three semi-arid federal rivers with a long history of interstate allocation tensions: the Colorado River (USA/Mexico), Ebro River (Spain) and Murray-Darling River (Australia). Case studies review the evolution and design of water allocation institutions. Three institutional design trends have emerged: adoption of proportional interstate allocation rules; emergence of multi-layered river basin governance arrangements for planning, conflict resolution and joint monitoring; and new flexibility to adjust historic allocation patterns. Proportional allocation rules apportion water between states based on a share of available water, not a fixed volume or priority. Interstate allocation reform efforts in the Colorado and Murray-Darling rivers indicate that proportional allocation rules are prevalent for upstream states, while downstream states seek reliable deliveries of fixed volumes to increase water security. River basin governance arrangements establish new venues for multilayered planning, monitoring and conflict resolution to balance self governance by users and states with basin-wide coordination. Flexibility to adjust historic allocation agreements, without risk of defection or costly court action, also provides adaptive capacity to manage climatic variability and shifting values. Future research should develop evidence about pathways to adaptive capacity in different classes of federal rivers, while acknowledging limits to transferability and the need for context-sensitive design. PMID:24080624

  3. Exploration Systems Development (ESD) Approach to Enterprise Risk Management

    NASA Technical Reports Server (NTRS)

    Bauder, Stephen P.

    2014-01-01

    The National Aeronautics and Space Administration (NASA) Exploration Systems Development (ESD) Division has implemented an innovative approach to Enterprise Risk Management under a unique governance structure and streamlined integration model. ESD's mission is to design and build the capability to extend human existence to deep space. The Enterprise consists of three Programs: Space Launch System (SLS), Orion, and Ground Systems Development and Operations (GSDO). The SLS is a rocket and launch system that will be capable of powering humans, habitats, and support systems to deep space. Orion will be the first spacecraft in history capable of taking humans to multiple destinations within deep space. GSDO is modernizing Kennedy's spaceport to launch spacecraft built and designed by both NASA and private industry. ESD's approach to Enterprise Risk Management is commensurate with affordability and a streamlined management philosophy. ESD Enterprise Risk Management leverages off of the primary mechanisms for integration within the Enterprise. The Enterprise integration approach emphasizes delegation of authority to manage and execute the majority of cross-program activities and products to the individual Programs, while maintaining the overall responsibility for all cross-program activities at the Division. The intent of the ESD Enterprise Risk Management approach is to improve risk communication, to avoid replication and/or contradictory strategies, and to minimize overhead process burden. This is accomplished by the facilitation and integration of risk information within ESD. The ESD Division risks, Orion risks, SLS risks, and GSDO risks are owned and managed by the applicable Program. When the Programs have shared risks with multiple consequences, they are jointly owned and managed. When a risk is associated with the integrated system that involves more than one Program in condition, consequence, or mitigation plan, it is considered an Exploration Systems Integration (ESI) Risk. An ESI risk may require visibility and risk handling by multiple organizations. The Integrated Risk Working Group (IRWG) is a small team of Risk experts that are responsible for collaborating and communicating best practices. In addition, the forum facilitates proper integration of risks across the Enterprise. The IRWG uses a Continuous Risk Management approach for facilitating the identification, analysis, planning, tracking, and controlling of ESI Risks. The ESD Division, Programs, and Integrated Task Teams identify ESI Risks. The IRWG maintains a set of metrics for understanding Enterprise Risk process and the overall Risk Posture. The team is also actively involved in the modeling of risk for Enterprise Performance Management. With the Enterprise being constrained in Schedule and Budget, and with significant technical complexity, the appropriate use of Risk Management techniques is crucial to the success of the Enterprise. The IRWG achieves this through the modified approach, providing a forum for collaboration on risks that cross boundaries between the separate entities.

  4. Constructing a Risk Management Mechanism Model of ERP Project Implementation

    Microsoft Academic Search

    Jiangao Deng; Yijie Bian

    2008-01-01

    In the process of information project implementation of manufacturing enterprises, there are many risks, to set up a set of risk management mechanism is guaranteed for them to succeed in ERP implementation. Firstly, based on the analysis of ERP project implementation of China, the paper introduced the risk management methodology systems and the relative model, which includes three main steps,

  5. Step 7: Choose the "Best" Risk Management Alternative

    Technology Transfer Automated Retrieval System (TEKTRAN)

    The ultimate purpose of the SRM tactical phase is to choose how to manage risk. Prior to this stage, we determined the sources of risk, identified the relevant management actions and estimated the likelihood of all known outcomes. Next, we combine this information with your personal risk preference...

  6. Stress in disaster response: a risk management approach

    Microsoft Academic Search

    Douglas Paton

    2003-01-01

    Using a risk management framework, this paper discusses an approach to conceptualising disaster stress risk that can be used to develop readiness strategies that facilitate an adaptive response to disaster stress in emergency managers. It illustrates this process by describing how incident, operational and organisational demands interact with resilience and vulnerability factors to affect stress risk during the mobilisation, response

  7. 48 CFR 39.102 - Management of risk.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... 2011-10-01 false Management of risk. 39.102 Section 39.102 Federal...TECHNOLOGY General 39.102 Management of risk. (a) Prior to entering into a contract...information technology, an agency should analyze risks, benefits, and costs. (See part...

  8. 48 CFR 39.102 - Management of risk.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 2010-10-01 false Management of risk. 39.102 Section 39.102 Federal...TECHNOLOGY General 39.102 Management of risk. (a) Prior to entering into a contract...information technology, an agency should analyze risks, benefits, and costs. (See part...

  9. 6 Enterprise information risk management: Dealing with cloud computing

    E-print Network

    Pym, David J.

    information risk is a complex task that must continually adapt to business and technology changes. We argue6 Enterprise information risk management: Dealing with cloud computing Adrian Baldwin HP Labs number of activities, policies, and processes that help manage and mitigate digital risks. Ideally

  10. The CORAS approach for model-based risk management

    E-print Network

    StĂžlen, Ketil

    The CORAS approach for model-based risk management applied to a telemedicine service assessment; Risk management; Data security; Semiformal modelling; Tele-consultation ,QWURGXFWLRQ CORAS$6 IUDPHZRUN WR DVVHVV WKLV WHOHPHGLFLQH V\\VWHP JLYLQJ VRPH FRQFOXVLRQV RQ WKH H[SHULHQFH JDLQHG .H\\ZRUGV Risk

  11. Probabilistic economic frameworks for disaster risk management

    NASA Astrophysics Data System (ADS)

    Dulac, Guillaume; Forni, Marc

    2013-04-01

    Starting from the general concept of risk, we set up an economic analysis framework for Disaster Risk Management (DRM) investment. It builds on uncertainty management techniques - notably Monte Carlo simulations - and includes both a risk and performance metrics adapted to recurring issues in disaster risk management as entertained by governments and international organisations. This type of framework proves to be enlightening in several regards, and is thought to ease the promotion of DRM projects as "investments" rather than "costs to be born" and allow for meaningful comparison between DRM and other sectors. We then look at the specificities of disaster risk investments of medium to large scales through this framework, where some "invariants" can be identified, notably: (i) it makes more sense to perform analysis over long-term horizons -space and time scales are somewhat linked; (ii) profiling of the fluctuations of the gains and losses of DRM investments over long periods requires the ability to handle possibly highly volatile variables; (iii) complexity increases with the scale which results in a higher sensitivity of the analytic framework on the results; (iv) as the perimeter of analysis (time, theme and space-wise) is widened, intrinsic parameters of the project tend to weight lighter. This puts DRM in a very different perspective from traditional modelling, which usually builds on more intrinsic features of the disaster as it relates to the scientific knowledge about hazard(s). As models hardly accommodate for such complexity or "data entropy" (they require highly structured inputs), there is a need for a complementary approach to understand risk at global scale. The proposed framework suggests opting for flexible ad hoc modelling of specific issues consistent with one's objective, risk and performance metrics. Such tailored solutions are strongly context-dependant (time and budget, sensitivity of the studied variable in the economic framework) and can range from simple elicitation of data from a subject matter expert to calibrate a probability distribution to more advanced stochastic modelling. This approach can be referred to more as a proficiency in the language of uncertainty rather than modelling per se in the sense that it allows for greater flexibility to adapt a given context. In a real decision making context, one seldom has neither time nor budget resources to investigate all of these variables thoroughly, hence the importance of being able to prioritize the level of effort among them. Under the proposed framework, this can be done in an optimised fashion. The point here consists in applying probabilistic sensitivity analysis together with the fundamentals of the economic value of information; the framework as built is well suited to such considerations, and variables can be ranked according to their contribution to risk understanding. Efforts to deal with second order uncertainties on variables prove to be valuable when dealing with the economic value of sample information.

  12. Risk Management and Crisis Response: Are You Prepared?

    ERIC Educational Resources Information Center

    Schirick, Ed

    2002-01-01

    How a camp responds to a crisis may determine whether it can survive financially. Effective risk management requires total commitment from ownership and management, and staff involvement. Steps in formulating a risk management plan include identifying all potential crises and their frequency and severity potential, developing responses,…

  13. Risk Management Office University of California, Santa Barbara

    E-print Network

    Liebling, Michael

    Risk Management Office University of California, Santa Barbara List of Caterers Approved to Work = Additional Insured Endorsement $1Pg. #12;Risk Management Office University of California, Santa Barbara List. email manager_paige@goodlandkitchen .com Other Req'tsInsuranceContact Information Isla Vista Food Co

  14. Organized Uncertainty: Designing a World of Risk Management

    Microsoft Academic Search

    Michael Power

    Since the mid-1990s risk management has undergone a dramatic expansion in its reach and significance, being transformed from an aspect of management control to become a benchmark of good governance for banks, hospitals, schools, charities, and many other organizations. Numerous standards for risk management practice have been produced by a variety of transnational organizations. While these many designs and blueprints

  15. Use of risk management concepts in law enforcement settings

    Microsoft Academic Search

    Donald L. Schurmann

    1999-01-01

    Most senior police officials are competent when it comes to assessing and managing physical risk during the course of law enforcement activities. Some even have aptitude for managing sociopolitical risks, but they are much rarer and are usually found in larger departments, which can afford to send senior officers to public speaking and media-management courses. There are tools that can

  16. Bulk electric system reliability evaluation incorporating wind power and demand side management

    NASA Astrophysics Data System (ADS)

    Huang, Dange

    Electric power systems are experiencing dramatic changes with respect to structure, operation and regulation and are facing increasing pressure due to environmental and societal constraints. Bulk electric system reliability is an important consideration in power system planning, design and operation particularly in the new competitive environment. A wide range of methods have been developed to perform bulk electric system reliability evaluation. Theoretically, sequential Monte Carlo simulation can include all aspects and contingencies in a power system and can be used to produce an informative set of reliability indices. It has become a practical and viable tool for large system reliability assessment technique due to the development of computing power and is used in the studies described in this thesis. The well-being approach used in this research provides the opportunity to integrate an accepted deterministic criterion into a probabilistic framework. This research work includes the investigation of important factors that impact bulk electric system adequacy evaluation and security constrained adequacy assessment using the well-being analysis framework. Load forecast uncertainty is an important consideration in an electrical power system. This research includes load forecast uncertainty considerations in bulk electric system reliability assessment and the effects on system, load point and well-being indices and reliability index probability distributions are examined. There has been increasing worldwide interest in the utilization of wind power as a renewable energy source over the last two decades due to enhanced public awareness of the environment. Increasing penetration of wind power has significant impacts on power system reliability, and security analyses become more uncertain due to the unpredictable nature of wind power. The effects of wind power additions in generating and bulk electric system reliability assessment considering site wind speed correlations and the interactive effects of wind power and load forecast uncertainty on system reliability are examined. The concept of the security cost associated with operating in the marginal state in the well-being framework is incorporated in the economic analyses associated with system expansion planning including wind power and load forecast uncertainty. Overall reliability cost/worth analyses including security cost concepts are applied to select an optimal wind power injection strategy in a bulk electric system. The effects of the various demand side management measures on system reliability are illustrated using the system, load point, and well-being indices, and the reliability index probability distributions. The reliability effects of demand side management procedures in a bulk electric system including wind power and load forecast uncertainty considerations are also investigated. The system reliability effects due to specific demand side management programs are quantified and examined in terms of their reliability benefits.

  17. Enabling More than Moore: Accelerated Reliability Testing and Risk Analysis for Advanced Electronics Packaging

    NASA Technical Reports Server (NTRS)

    Ghaffarian, Reza; Evans, John W.

    2014-01-01

    For five decades, the semiconductor industry has distinguished itself by the rapid pace of improvement in miniaturization of electronics products-Moore's Law. Now, scaling hits a brick wall, a paradigm shift. The industry roadmaps recognized the scaling limitation and project that packaging technologies will meet further miniaturization needs or ak.a "More than Moore". This paper presents packaging technology trends and accelerated reliability testing methods currently being practiced. Then, it presents industry status on key advanced electronic packages, factors affecting accelerated solder joint reliability of area array packages, and IPC/JEDEC/Mil specifications for characterizations of assemblies under accelerated thermal and mechanical loading. Finally, it presents an examples demonstrating how Accelerated Testing and Analysis have been effectively employed in the development of complex spacecraft thereby reducing risk. Quantitative assessments necessarily involve the mathematics of probability and statistics. In addition, accelerated tests need to be designed which consider the desired risk posture and schedule for particular project. Such assessments relieve risks without imposing additional costs. and constraints that are not value added for a particular mission. Furthermore, in the course of development of complex systems, variances and defects will inevitably present themselves and require a decision concerning their disposition, necessitating quantitative assessments. In summary, this paper presents a comprehensive view point, from technology to systems, including the benefits and impact of accelerated testing in offsetting risk.

  18. Managing the Risk of Command File Errors

    NASA Technical Reports Server (NTRS)

    Meshkat, Leila; Bryant, Larry W.

    2013-01-01

    Command File Error (CFE), as defined by the Jet Propulsion Laboratory's (JPL) Mission Operations Assurance (MOA) is, regardless of the consequence on the spacecraft, either: an error in a command file sent to the spacecraft, an error in the process for developing and delivering a command file to the spacecraft, or the omission of a command file that should have been sent to the spacecraft. The risk consequence of a CFE can be mission ending and thus a concern to space exploration projects during their mission operations. A CFE during space mission operations is often the symptom of some kind of imbalance or inadequacy within the system that comprises the hardware & software used for command generation and the human experts involved in this endeavour. As we move into an era of enhanced collaboration with other NASA centers and commercial partners, these systems become more and more complex and hence it is all the more important to formally model and analyze CFEs in order to manage the risk of CFEs. Here we will provide a summary of the ongoing efforts at JPL in this area and also explain some more recent developments in the area of developing quantitative models for the purpose of managing CFE's.

  19. Risk management in concurrent engineering in presence of intelligent agents

    E-print Network

    Fox, Mark S.

    Risk management in concurrent engineering in presence of intelligent agents Taner Bilgi.3 Assumptions about the environment . . . . . . . . . . . . . . . . . . . . . . . . . . 7 2.4 SDMA­Risk Version Specification for SDMA­Risk 10 B An example session with SDMA­Risk 11 1 #12; 1 Introduction In this draft we

  20. United States Environmental Protection Agency: Use of risk assessment and risk management methodologies. Master's thesis

    SciTech Connect

    Lamuro, R.J.

    1992-09-30

    Make a full investigation of the policy implications and appropriate uses of risk assessment and risk management in regulatory programs under various Federal laws to prevent cancer and other chronic health effects which may result from exposure to hazardous substances. This is the primary mission of the Risk Assessment and Management Commission (Risk Commission). The Clean Air Act Amendments of 1990 (CAAA), created the Risk Commission reflecting Congress' concern over agency use of risk assessment and risk management techniques and methodologies to implement federal laws protective of human health. The Risk Commission is to consider: methods for measuring and describing risks of chronic health effects from hazardous substances; methods to reflect uncertainties associated with estimation techniques, and whether it is possible or desirable to develop a consistent risk assessment methodology or a consistent standard of acceptable risk for various federal programs.

  1. Maximizing Energy Savings Reliability in BC Hydro Industrial Demand-side Management Programs: An Assessment of Performance Incentive Models

    NASA Astrophysics Data System (ADS)

    Gosman, Nathaniel

    For energy utilities faced with expanded jurisdictional energy efficiency requirements and pursuing demand-side management (DSM) incentive programs in the large industrial sector, performance incentive programs can be an effective means to maximize the reliability of planned energy savings. Performance incentive programs balance the objectives of high participation rates with persistent energy savings by: (1) providing financial incentives and resources to minimize constraints to investment in energy efficiency, and (2) requiring that incentive payments be dependent on measured energy savings over time. As BC Hydro increases its DSM initiatives to meet the Clean Energy Act objective to reduce at least 66 per cent of new electricity demand with DSM by 2020, the utility is faced with a higher level of DSM risk, or uncertainties that impact the costeffective acquisition of planned energy savings. For industrial DSM incentive programs, DSM risk can be broken down into project development and project performance risks. Development risk represents the project ramp-up phase and is the risk that planned energy savings do not materialize due to low customer response to program incentives. Performance risk represents the operational phase and is the risk that planned energy savings do not persist over the effective measure life. DSM project development and performance risks are, in turn, a result of industrial economic, technological and organizational conditions, or DSM risk factors. In the BC large industrial sector, and characteristic of large industrial sectors in general, these DSM risk factors include: (1) capital constraints to investment in energy efficiency, (2) commodity price volatility, (3) limited internal staffing resources to deploy towards energy efficiency, (4) variable load, process-based energy saving potential, and (5) a lack of organizational awareness of an operation's energy efficiency over time (energy performance). This research assessed the capacity of alternative performance incentive program models to manage DSM risk in BC. Three performance incentive program models were assessed and compared to BC Hydro's current large industrial DSM incentive program, Power Smart Partners -- Transmission Project Incentives, itself a performance incentive-based program. Together, the selected program models represent a continuum of program design and implementation in terms of the schedule and level of incentives provided, the duration and rigour of measurement and verification (M&V), energy efficiency measures targeted and involvement of the private sector. A multi criteria assessment framework was developed to rank the capacity of each program model to manage BC large industrial DSM risk factors. DSM risk management rankings were then compared to program costeffectiveness, targeted energy savings potential in BC and survey results from BC industrial firms on the program models. The findings indicate that the reliability of DSM energy savings in the BC large industrial sector can be maximized through performance incentive program models that: (1) offer incentives jointly for capital and low-cost operations and maintenance (O&M) measures, (2) allow flexible lead times for project development, (3) utilize rigorous M&V methods capable of measuring variable load, process-based energy savings, (4) use moderate contract lengths that align with effective measure life, and (5) integrate energy management software tools capable of providing energy performance feedback to customers to maximize the persistence of energy savings. While this study focuses exclusively on the BC large industrial sector, the findings of this research have applicability to all energy utilities serving large, energy intensive industrial sectors.

  2. Vulnerability and social risk management in India and Mexico

    E-print Network

    Flores Ballesteros, Luis

    2008-01-01

    The development of effective community, regional and national risk-management strategies, especially for systemic risks, such as natural disasters, entails understanding the determinants of social vulnerability in individuals ...

  3. Applying stochastic programming models in financial risk management 

    E-print Network

    Yang, Xi

    2010-01-01

    This research studies two modelling techniques that help seek optimal strategies in financial risk management. Both are based on the stochastic programming methodology. The first technique is concerned with market risk ...

  4. Price Risk Management in the Midst of a Credit Crisis

    E-print Network

    Welch, Mark; Amosson, Stephen H.; Robinson, John; Falconer, Lawrence

    2009-03-26

    Agricultural producers today face volatile markets, tight credit, economic uncertainty and escalating input costs. Understanding and using risk management tools in this environment can reduce much of the price risk and may improve financial returns....

  5. Probabilistic Risk Assessment for dairy waste management systems

    E-print Network

    Leigh, Edward Marshall

    1993-01-01

    Probabilistic Risk Assessment (PRA) techniques were used to evaluate the risk of contamination of surface and ground water with wastewater from an open lot dairy in Erath County, Texas. The dairy supported a complex waste management system...

  6. Risk Management Steering Committee Membership 2014/15

    E-print Network

    Victoria, University of

    Risk Management Steering Committee Membership 2014/15 NAME TITLE / DEPARTMENT Gayle Gorrill (Chair Emergency Planner Andrew Coward Assistant Treasurer Ben McAllister Risk and Insurance Analyst Adrian Round

  7. Risk Management for Sodium Fast Reactors.

    SciTech Connect

    Denman, Matthew R; Groth, Katrina; Cardoni, Jeffrey N; Wheeler, Timothy A.

    2015-01-01

    Accident management is an important component to maintaining risk at acceptable levels for all complex systems, such as nuclear power plants. With the introduction of self - correcting, or inherently safe, reactor designs the focus has shifted from management by operators to allowing the syste m's design to manage the accident. While inherently and passively safe designs are laudable, extreme boundary conditions can interfere with the design attributes which facilitate inherent safety , thus resulting in unanticipated and undesirable end states. This report examines an inherently safe and small sodium fast reactor experiencing a beyond design basis seismic event with the intend of exploring two issues : (1) can human intervention either improve or worsen the potential end states and (2) can a Bayes ian Network be constructed to infer the state of the reactor to inform (1). ACKNOWLEDGEMENTS The author s would like to acknowledge the U.S. Department of E nergy's Office of Nuclear Energy for funding this research through Work Package SR - 14SN100303 under the Advanced Reactor Concepts program. The authors also acknowledge the PRA teams at A rgonne N ational L aborator y , O ak R idge N ational L aborator y , and I daho N ational L aborator y for their continue d contributions to the advanced reactor PRA mission area.

  8. Asset\\/Liability Management and Enterprise Risk Management of an Insurer

    Microsoft Academic Search

    Thomas S. Y. Ho

    Risk management techniques used in banks and trading floors are generally not applicable to insurance companies. Risk measures and risk monitoring approaches must be developed to respond to the challenges to the insurance industry. This paper describes the current risk management practices for both life and general insurance businesses, and discusses the strengths and weakness of these approaches in today's

  9. Reliability, resilience and vulnerability criteria for the evaluation of time-dependent health risks: A hypothetical case study of wellhead protection

    NASA Astrophysics Data System (ADS)

    Rodak, C. M.; Silliman, S. E.; Bolster, D.

    2012-12-01

    A hypothetical case study of groundwater contaminant protection was carried out using time-dependent health risk calculations. The case study focuses on a hypothetical zoning project for parcels of land around a well field in northern Indiana, where the control of cancer risk relative to a mandated cancer risk threshold is of concern in the management strategy. Within our analysis, we include both uncertainty in the subsurface transport and variability in population behavior in the calculation of time-dependent health risks. From these results we introduce risk maps, a visual representation of the probability of an unacceptable health risk as a function of population behavior and the time at which exposure to the contaminant begins. We also evaluate the time-dependent risks with three criteria from water resource literature: reliability, resilience, and vulnerability (RRV). With respect to health risk from a groundwater well, the three criteria determine: the probability that a well produces safe water (reliability), the probability that a contaminated well returns to an uncontaminated state within a specified time interval (resilience), and the overall severity in terms of health impact of the contamination at a well head (vulnerability). The results demonstrate that the distributions of RRV values for each parcel of land are linked to the time-dependent concentration profile of the contaminant at the well, and the toxicological characteristics of the contaminant. The proposed time-dependent risk calculation expands on current techniques to include a continuous exposure start time, capable of reproducing the maximum risk while providing information on the severity and duration of health risks. Overall this study suggests that, especially in light of the inherent complexity of health-groundwater systems, RRV are viable criteria for relatively simple and effective evaluation of time-dependent health risk. It is argued that the RRV approach, as applied to consideration of potential health impact, allows for more informed, health-based decisions regarding zoning for wellhead protection.

  10. Adapting to a Changing Colorado River: Making Future Water Deliveries More Reliable Through Robust Management Strategies

    NASA Astrophysics Data System (ADS)

    Groves, D.; Bloom, E.; Fischbach, J. R.; Knopman, D.

    2013-12-01

    The U.S. Bureau of Reclamation and water management agencies representing the seven Colorado River Basin States initiated the Colorado River Basin Study in January 2010 to evaluate the resiliency of the Colorado River system over the next 50 years and compare different options for ensuring successful management of the river's resources. RAND was asked to join this Basin Study Team in January 2012 to help develop an analytic approach to identify key vulnerabilities in managing the Colorado River basin over the coming decades and to evaluate different options that could reduce this vulnerability. Using a quantitative approach for planning under uncertainty called Robust Decision Making (RDM), the RAND team assisted the Basin Study by: identifying future vulnerable conditions that could lead to imbalances that could cause the basin to be unable to meet its water delivery objectives; developing a computer-based tool to define 'portfolios' of management options reflecting different strategies for reducing basin imbalances; evaluating these portfolios across thousands of future scenarios to determine how much they could improve basin outcomes; and analyzing the results from the system simulations to identify key tradeoffs among the portfolios. This talk will describe RAND's contribution to the Basin Study, focusing on the methodologies used to to identify vulnerabilities for Upper Basin and Lower Basin water supply reliability and to compare portfolios of options. Several key findings emerged from the study. Future Streamflow and Climate Conditions Are Key: - Vulnerable conditions arise in a majority of scenarios where streamflows are lower than historical averages and where drought conditions persist for eight years or more. - Depending where the shortages occur, problems will arise for delivery obligations for the upper river basin and the lower river basin. The lower river basin is vulnerable to a broader range of plausible future conditions. Additional Investments in Infrastructure and Efficiency Could Improve Performance and Reduce Risk: - Different portfolios of water-supply and demand-reduction options offer performance trade-offs. - Different types of options in the portfolios, such as conservation, desalination, or water banking, would affect future outcomes and costs of implementation. - Analysis of all the portfolios identified important near-term, high-priority options that should be implemented in the near future, including municipal, industrial, and agricultural conservation. Other Solutions May Be Required: - If future hydrologic conditions develop in a manner consistent with the more pessimistic projections, the Basin is increasingly likely to face vulnerable conditions. The region may need to consider additional management options.

  11. Customer-Specific Transaction Risk Management in E-Commerce

    NASA Astrophysics Data System (ADS)

    Ruch, Markus; Sackmann, Stefan

    Increasing potential for turnover in e-commerce is inextricably linked with an increase in risk. Online retailers (e-tailers), aiming for a company-wide value orientation should manage this risk. However, current approaches to risk management either use average retail prices elevated by an overall risk premium or restrict the payment methods offered to customers. Thus, they neglect customer-specific value and risk attributes and leave turnover potentials unconsidered. To close this gap, an innovative valuation model is proposed in this contribution that integrates customer-specific risk and potential turnover. The approach presented evaluates different payment methods using their risk-turnover characteristic, provides a risk-adjusted decision basis for selecting payment methods and allows e-tailers to derive automated risk management decisions per customer and transaction without reducing turnover potential.

  12. Risk management for buildings -- Has the time come?

    SciTech Connect

    Berry, D.L.; Hunter, R.L.

    1997-08-01

    There are both incentives and challenges for applying formal risk management processes to buildings and other structures, including bridges, highways, dams, stadiums, shopping centers, and private dwellings. Based on an assessment of several issues, the authors conclude that for certain types of buildings and structures the time has come for the use of a formal risk-management approach, including probabilistic risk assessment methods, to help identify dominant risks to public health, safety, and security and to help manage these risks in a cost-effective manner.

  13. Strategic security management: risk assessments in the environment of care.

    PubMed

    Vellani, Karim H

    2006-01-01

    Securing the environment of care is a challenging and continuous effort for most healthcare security managers, who face unique challenges in balancing the open campus environment with the protection needs of the hospital's patients, employees, and other assets. By conducting a comprehensive risk assessment, hospital security managers can prioritize identified risks, develop an effective hospital security program, and reduce risk to a manageable and acceptable level. This article discusses a 5-step risk assessment process that enhances the hospital security program by effectively mitigating risks to the hospital. PMID:17849840

  14. Wind energy Computerized Maintenance Management System (CMMS) : data collection recommendations for reliability analysis.

    SciTech Connect

    Peters, Valerie A.; Ogilvie, Alistair B.

    2012-01-01

    This report addresses the general data requirements for reliability analysis of fielded wind turbines and other wind plant equipment. The report provides a rationale for why this data should be collected, a list of the data needed to support reliability and availability analysis, and specific data recommendations for a Computerized Maintenance Management System (CMMS) to support automated analysis. This data collection recommendations report was written by Sandia National Laboratories to address the general data requirements for reliability analysis of operating wind turbines. This report is intended to help develop a basic understanding of the data needed for reliability analysis from a Computerized Maintenance Management System (CMMS) and other data systems. The report provides a rationale for why this data should be collected, a list of the data needed to support reliability and availability analysis, and specific recommendations for a CMMS to support automated analysis. Though written for reliability analysis of wind turbines, much of the information is applicable to a wider variety of equipment and analysis and reporting needs. The 'Motivation' section of this report provides a rationale for collecting and analyzing field data for reliability analysis. The benefits of this type of effort can include increased energy delivered, decreased operating costs, enhanced preventive maintenance schedules, solutions to issues with the largest payback, and identification of early failure indicators.

  15. 17 CFR 23.600 - Risk Management Program for swap dealers and major swap participants.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ...necessary modifications to the Risk Management Program and implement such modifications...of appropriate operational and risk management processes for such product. (4) Specific risk management considerations. The Risk...

  16. 17 CFR 23.600 - Risk Management Program for swap dealers and major swap participants.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ...necessary modifications to the Risk Management Program and implement such modifications...of appropriate operational and risk management processes for such product. (4) Specific risk management considerations. The Risk...

  17. ENVIRONMENT, HEALTH & SAFETY Risk Management Services, University of Alberta

    E-print Network

    Machel, Hans

    ENVIRONMENT, HEALTH & SAFETY Risk Management Services, University of Alberta www, monitoring and inspection of facilities and equipment Compliance assurance Consultation in facility Provide technical expertise and service to departments in aspects of hazardous waste management, re

  18. Cut set-based risk and reliability analysis for arbitrarily interconnected networks

    DOEpatents

    Wyss, Gregory D. (Albuquerque, NM)

    2000-01-01

    Method for computing all-terminal reliability for arbitrarily interconnected networks such as the United States public switched telephone network. The method includes an efficient search algorithm to generate minimal cut sets for nonhierarchical networks directly from the network connectivity diagram. Efficiency of the search algorithm stems in part from its basis on only link failures. The method also includes a novel quantification scheme that likewise reduces computational effort associated with assessing network reliability based on traditional risk importance measures. Vast reductions in computational effort are realized since combinatorial expansion and subsequent Boolean reduction steps are eliminated through analysis of network segmentations using a technique of assuming node failures to occur on only one side of a break in the network, and repeating the technique for all minimal cut sets generated with the search algorithm. The method functions equally well for planar and non-planar networks.

  19. Integrated Risk Management Within NASA Programs/Projects

    NASA Technical Reports Server (NTRS)

    Connley, Warren; Rad, Adrian; Botzum, Stephen

    2004-01-01

    As NASA Project Risk Management activities continue to evolve, the need to successfully integrate risk management processes across the life cycle, between functional disciplines, stakeholders, various management policies, and within cost, schedule and performance requirements/constraints become more evident and important. Today's programs and projects are complex undertakings that include a myriad of processes, tools, techniques, management arrangements and other variables all of which must function together in order to achieve mission success. The perception and impact of risk may vary significantly among stakeholders and may influence decisions that may have unintended consequences on the project during a future phase of the life cycle. In these cases, risks may be unintentionally and/or arbitrarily transferred to others without the benefit of a comprehensive systemic risk assessment. Integrating risk across people, processes, and project requirements/constraints serves to enhance decisions, strengthen communication pathways, and reinforce the ability of the project team to identify and manage risks across the broad spectrum of project management responsibilities. The ability to identify risks in all areas of project management increases the likelihood a project will identify significant issues before they become problems and allows projects to make effective and efficient use of shrinking resources. By getting a total team integrated risk effort, applying a disciplined and rigorous process, along with understanding project requirements/constraints provides the opportunity for more effective risk management. Applying an integrated approach to risk management makes it possible to do a better job at balancing safety, cost, schedule, operational performance and other elements of risk. This paper will examine how people, processes, and project requirements/constraints can be integrated across the project lifecycle for better risk management and ultimately improve the chances for mission success.

  20. Management accounting and risk management in Malaysian financial institutions : An exploratory study

    Microsoft Academic Search

    Siti Zaleha Abdul Rasid; Abdul Rahim Abdul Rahman; Wan Khairuzzaman Wan Ismail

    2011-01-01

    Purpose – The purpose of this paper is to examine the link between management accounting and risk management. The paper measures the extent to which management accounting practices help in managing risks and the extent of the integration between these two important managerial functions. Design\\/methodology\\/approach – The study used a mail survey of financial institutions listed in the Malaysian Central