risk management Articles

  • Meeting high standards… Compliant fuel and oil separators from Kingspan Klargester

    All manner of projects, both large and small, are required to maintain compliance with all environmental rules and regulations concerning property drainage. As an aspect of compliance, it is essential that the appropriate separators are deployed in order to meet or exceed the drainage demand but to also comply with the ongoing project demands such as cost and time. Kingspan Klargester offers a ...


    By Kingspan Environmental Ltd

  • Fire Codes: A Foundation of Safety for a Rapidly Changing World

    Chief among these safety features is fire protection. There are myriad codes and regulations relating to fire safety in commercial buildings, from standards on portable fire extinguishers to the installation of stationary pumps for fire protection — the U.S.- based National Fire Protection Agency (NFPA) alone has more than 300 consensus codes that have been adopted in whole or in part ...

  • How a Specialized Automatic Control Valve Solved Flooding

    The Colombian area of Antioquia creates much of its clean power from hydropower plants along the Guadalupe River. The Guadalupe IV hydroelectric plant generates power with three vertical axis turbines that discharge water below the river level. To prevent flooding, however, the plant needed a solution that ensured the ejector ...


    By Singer Valve Inc.

  • Managing risk of liquidity: a new dimension of risk management

    Prudent liquidity risk management is a critical component of contemporary complex financial risk management. In the aftermath of the world financial crisis that started in 2007 the liquidity risk area received close attention from financial firms and regulators. The article begins with an introduction of the concept of liquidity risk management, a key component of the Basel III framework. The ...


    By Inderscience Publishers

  • Supply chain risk management

    The existing models utilise a mean value approach with deterministic failure cost to determine the optimal number of suppliers in the presence of supplier failure risks. The mean value approach assumes, the firm has a linear utility function with respect to the supply disruptions. For major disruptions that could threaten the survival of the firm, the linearity assumption is questionable. ...


    By Inderscience Publishers

  • Risk management and organised crime

    As travel becomes more and more accessible for individuals, the potential for risk at destination will develop. As a potential way forward the education of stakeholders in the form of travellers offers policy makers a potential window to limit risk and enhance safety whilst engaging in travel. As a potential force for good, the actions of the mobile tourist could be harnessed and used as a ...


    By Inderscience Publishers

  • Foundations of integrated risk management

    This paper concentrates on broadening the concept of risk management beyond the considerations of cost, schedule and performance. The author uses his experience with NASA to provide both a foundation for an integrated risk management plan and a tentative plan. The plan integrates risk across both the temporal and the hierarchical dimensions.Keywords: integrated risk management, project ...


    By Inderscience Publishers

  • Risk management versus incentives

    Portfolio theory indicates that risk management should take place at the group level. Hedging at the project level or in the individual business areas may lead to suboptimal results. However, the efficiency of a profit centre depends on its management's being able to influence factors that are crucial to the unit's financial results. Price hedging could be one such factor. In the wider ...


    By Inderscience Publishers

  • International management and risk assessment

    This article presents the US experience from periodical business failures and collapses of the financial markets. It could be a lesson for the Central and Eastern European countries on their economies during the post-transition era. International management is one of the strongest aspects of major US corporations, and risk management is their day-to-day concern. It emphasises the importance of ...


    By Inderscience Publishers

  • EHS and Operational Risk Management

    EHS and Operational Risk Management - a white paper exploring pro-active and integrated operational risk management strategy relied upon by successful businesses. Introduction Probably the most important factor in managing a successful business is the approach to risk management. Over recent years there has been a focus on managing financial risk. But risk goes beyond the finance function. The ...


  • Homeland Security: Managing the Risks

    Untitled Document Following the terrorist attacks on the World Trade Center in New York City on September 11, 2001, the U.S. ...

  • Are you taking big risks with your risk management?

    Introduction We like the word ‘professional’ – it gives us a sense of security. We have our accounts prepared by a qualified accountant, we use a lawyer to write a contract, and we go to a doctor for medical advice. So if your business or government agency needed to make a very important, risk-based decision would you make sure that the risk assessment was done by an ...


    By Vose Software

  • Risk and risk management in agriculture: an overview and empirical results

    The paper gives an overview of sources of risk and risk management strategies in agriculture. As risk is an inescapable fact of life, in particular in agriculture, farmers must try to manage risk effectively. Risk management is an integral part of good management of a farm, being a way to avoid losses and exploit opportunities. Results of a field survey with 731 Dutch livestock farmers are ...


    By Inderscience Publishers

  • An Australian innovation in emergency risk management

    A 1997/98 risk management study in flood-prone areas of central western Queensland was the first practical application of national emergency risk management guidelines based on the Australian/New Zealand risk management standard [1]. The paper reports on the study, its outcomes and its implications for future comprehensive and integrated emergency risk management programmes.Keywords: Australia, ...


    By Inderscience Publishers

  • Risk Management: Sustainably Managing a Common Resource

    Introduction Danfoss is a global manufacturer of hermetic compressors, pumps, valves, motors and other electrical control units. The company owns a major manufacturing facility located on a small island, Als, in the Baltic Sea. In 1983 the company was routinely withdrawing two million cubic meters of fresh water from the sole aquifer which supplies the entire island, home to 50,000 residents. ...

  • Risk management in information technology projects

    There are several studies on managing risks in information technology (IT) projects. Most of the studies identify and prioritise risks through empirical research in order to suggest mitigating measures. Although they are important to clients for future projects, these studies fail to provide any framework for risk management from IT developers' perspective. Although a few studies introduced a ...


    By Inderscience Publishers

  • Managing uncertainty in health risk assessment

    The process of risk (safety) assessment used to determine negligible-risk levels of human exposure to toxicants is subject to a number of sources of uncertainty. In addition to the common uncertainties related to high-to-low-dose extrapolation, interspecies extrapolation and intraspecies extrapolation, there can be uncertainty associated with extrapolation to alternative routes and durations of ...


    By Inderscience Publishers

  • Risk-based asset integrity management

    Within the area of management of process plant integrity, there has been a significant shift toward the adoption of risk-focused methods such as reliability centered maintenance (RCM) and risk based inspection (RBI), rather than following traditional preventative maintenance methods and prescriptive inspection intervals. There are various reasons for this trend, but the primary benefit that asset ...


    By ABS Consulting

  • Modelling and Managing Flood Risk and Flooding

    The UK’s prestigious Royal Society recently held a discussion group on the subject of Flood Management and Climate Change. With much of the Northern Hemisphere approaching the winter flooding season, we spoke to Wallingford Software’s David Fortune to find out the role of modelling in flood forecasting and flood management. He set out his ideas as follows: We must remember first that, while we ...


    By Innovyze

  • Leveraging Chemical Data to Manage Risk

    Even if chemicals aren’t central to your business, their hazards are likely pervasive across your supply chain. In fact, chemicals are one of the primary drivers of environmental, health and safety risk in virtually every organization. Both EPA and OSHA provide regulatory guidance based on the types and quantities of chemicals present at your facility. The Department of Transportation and ...

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