risk management system Articles | Environmental XPRT

Models for risk management of systems of systems

This paper addresses the need for developing a body of prescriptive theory and methodology for modelling Systems of Systems (SoS). This will enable analysts to appropriately model and understand the SoS evolving behaviour due to the continued forced changes imposed on them. To place this need in historical perspective, the evolution of the field of systems engineering/analysis is briefly ...

May 6, 2008

By Inderscience Publishers

What are fatigue countermeasures?

Generally, a countermeasure is an action taken to reduce or avoid the effects of an undesirable condition or situation. In managing fatigue, appropriate countermeasures can help improve alertness, maintain performance, and reduce drowsiness. Taking appropriate countermeasures at appropriate times should be a cornerstone of a fatigue risk management system (FRMS), and understanding more about ...

May 8, 2019

By Predictive Safety

The correspondence analysis between the key indicators and events of operational risk: a case study of the insurance sector in Tunisia

The purpose of this study is to examine the main origins of the emergence of operational risk events that exist in the Tunisian insurance companies. Indeed, the determination of the key risk indicators associated with each event allows us to reduce the losses and to have a pro–active and comprehensive operational risk management system. The associations between each of these key indicators and ...

Oct. 14, 2013

By Inderscience Publishers

Citigroup Slapped with $400 Million Fine Over Risk Failings

U.S. regulators have hit Citigroup with a $400 million fine because it failed to address long-standing deficiencies in its risk and control systems and has been told to upgrade its IT systems and processes. According to Riskonnect CEO Jim Wetekamp, this Citigroup situation highlights the real need for organizations to provide tangible evidence of strong risk and governance structures and ...

Nov. 4, 2020

By Riskonnect Inc

A risk–based system for managing the retrofitting of school buildings in seismic prone areas: a case study from Iran

Earthquake events are inevitable but the consequences of earthquake disasters are partially controllable using an effective risk management system. A systematic risk–based method is proposed for assessing the resilience capacities of school buildings exposed to varying levels of seismic risk. This approach screens and monitors the equivalent seismic performance of buildings by the means of new ...

Jun. 18, 2014

By Inderscience Publishers

The collective mind between action and decision: design and risk management

In a constantly evolving context, team working situations during the design of new products pose the awkward question of achieving a match between the activities (supposed to generate innovation while managing unpredictability) and individuals (with multi–faceted expertise and availed of an essential autonomy of action). What enables them to work together, within a project team for example, and ...

Mar. 27, 2014

By Inderscience Publishers

Risk management of complex critical systems

It is crucial to examine the changing panorama of vulnerabilities and criticalities in our increasingly interconnected world. Understanding the meaning of complexity and its implications allows us to see the interconnectedness of the world for enhanced risk management in technical and social systems. In this respect, a framework to assess complex systems is necessary to understand vulnerabilities ...

Feb. 7, 2005

By Inderscience Publishers

Assessing and managing the inoperability of transportation systems and interdependent sectors

As the global economy continues to grow, the importance of the transportation system increases. Many economic sectors depend upon it either for the transport of goods or for commuting purposes. Disruptions to the transportation system, such as those caused by a terrorist attack or a hurricane, can adversely affect the productivity of interdependent sectors. This article seeks to assess the impact ...

Jul. 24, 2007

By Inderscience Publishers

Proactive logistics risk management – a system dynamics modelling approach

The relationships among organisations, suppliers as well as customers have resulted in complex logistics networks and have led to an increased set of risks that need to be managed in multi-site, multi-partner projects. In this article, a framework is built which incorporates both scientific and industrial feedback gathered. A system dynamics approach is utilised which simulates several risks ...

Nov. 21, 2008

By Inderscience Publishers

New environmental management technology meets demanding needs of E&P clients

As everyone in the E&P business knows, E&P companies operate in a world with ever increasing performance demands and where people want to have their energy and their compliance too. The good news is that technology now exists in Environmental Risk Management Systems to enable E&P companies to improve their compliance in real-time while also improving operational efficiencies, as well ...

May 31, 2008

By VisionMonitor Software, LLC

Communication surrounding the risk: nomadic concepts and plural definitions

Risk nowadays is a social phenomenon that often makes the headlines. It has gradually emerged as one of the major themes of public debate following on from a number of disasters, but also risk appears at the heart of many scientific controversies addressed by both all the hard sciences and the human and social sciences. But risk is difficult to grasp as it is eminently subjective and depends on ...

Aug. 28, 2014

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 ...

May 9, 2006

By Inderscience Publishers

Annex 1 Quality Risk Management, Section 2

In Annex 1 Quality Risk Management (QRM) principles and risk-based approaches are prominent expectations. Risk-based approaches are mentioned 43 times in the draft reinforcing the importance of using Risk Based approaches in all aspects of sterile product manufacturing. Here we highlight requirements related to Quality Risk Management that are specifically mentioned in Annex 1, including: ...

Apr. 23, 2020

By Particle Measuring Systems

Buying a RMIS? 10 Tips to Get the Right Solution for You

Today’s RMIS – Risk Management Information System – offers an array of sophisticated applications to help you manage every aspect of risk. From claims administration to cost allocations, the options are practically endless. And while features and functionality are important, finding the right vendor that understands both your business and your needs is critical to success. ...

Mar. 4, 2021

By Riskonnect Inc

Risk assessment in safety management of the semiconductor industry in Taiwan

The high-technology industry has been developing in Taiwan for about 20 years and has become the biggest export industry in Taiwan with the third largest share of the world marked (after the USA and Japan). It not only produces high-tech talents and employment opportunities, but also demonstrates considerable overall growth and is advancing industrial and economic development. However, several ...

Feb. 3, 2004

By Inderscience Publishers

The EU Floods Directive trickling down: tracing the ideas of integrated and participatory flood risk management in Sweden

This study examines how the EU Floods Directive – an extensive and innovative legislative instrument for integrated and participatory flood risk planning in all EU member states – influences local flood risk management in one member state, Sweden. The study identifies that: many municipalities have received new knowledge; cross-sectoral organisational structures for water and flood risk ...

Dec. 9, 2016

By IWA Publishing

An analysis of corporate social responsibility and its usefulness in catalysing ecosystem sustainability

Although current definitions of sustainability do not specifically refer to the stability of systems, this has proven to be an elementary requirement for competent behaviour. This is based on the fact that future generations will be able to fulfil their needs if the ecological, economical, and social systems are adaptable and capable of surviving. In order to be viable in the long-term, products, ...

Mar. 23, 2009

By Inderscience Publishers

Bowtie - Lessons Learned

The benefits of using bow-tie diagrams for risk management have been realised by organisations world-wide across a variety of business sectors. They provide a readily understandable visualisation of thThe benefits of using bow-tie diagrams for risk management have been realised by organisations world-wide across a variety of business sectors.They provide a readily understandable visualisation of ...

Feb. 1, 2009

By Risktec Solutions

New environmental management technology meets demanding needs of E&P clients

Exploration & Production companies are constantly pushing the envelope in terms of performance, because increased performance has a direct translation into increased revenue. E&P companies are under tremendous pressure to produce, both to meet growing demand as well as to take advantage of market prices. At the same time companies are also under increasing pressure to meet the ...

May 31, 2008

By VisionMonitor Software, LLC

Recognising the true value of your company data

Newspaper headlines remind businesses daily of the cost of not protecting valuable data. Stories of lap-tops left in trains, or stolen from parked cars, discs and memory sticks being used for home-working, or even print-outs found in rubbish tips, are enough to keep most IT managers awake at night. In the current economic climate, few organizations can afford to suffer losses through lack of ...

Feb. 12, 2009

By IMSM Ltd