RISK MANAGEMENT IMPROVEMENT DRIVERS FOR EFFECTIVE RISK-BASED DECISION-MAKING

Yıl 2019, Cilt: 8 Sayı: 4, 223 - 234, 30.12.2019

Fernando Vegas-fernández Fernando Rodríguez López

Öz

Purpose - Most managers are not satisfied with the operations risk management tools they have got in their companies. This article addresses risk management enhancement within integrated risk informed decision-making.
Methodology - Three distinct and independent methods were used to analyze current practices and to find a solution: A) literature review, B) brainstorming, and C) structured interviews, achieving three lists of parameters that are integrated by using semantic technics and concept theory.
Findings - The result is a list of 66 risk assessment requirements which are going to be the success key for any new risk management system trying to fill the current gap. A new Risk Management solution is proposed fitting those requirements: The Visibility Factor method (Fv) and its risk summary method.
Conclusion - Risks should be managed in a better way and a list of key success factors and a concrete solution are provided to do it.

Anahtar Kelimeler

Risk analysis, risk management, overall risk, risk system requirements

Kaynakça

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