Normative engineering risk management systems

Regan, Peter J.; Patè‐Cornell, M. Elisabeth

doi:10.1016/s0951-8320(97)00023-9

Cited by 5 publications

(2 citation statements)

References 14 publications

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“…Engineering risk management (EnRM): a complex and continuous process that involves managing the planning, design, operation and evolution of an engineering system. This is aimed to identify and choose appropriate responses to problems related to different risk factors (technical/operational risks) through the use of a systemic and proactive approach (Regan and Patè-Cornell, 1997).…”

mentioning

confidence: 99%

Managing Risks in SMEs: A Literature Review and Research Agenda

Verbano

Venturini

2013

Journal of Technology Management & Innovation

150

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In times of crisis, companies need to carefully monitor current expenses and forecast potential costs, which could be caused by risky actions. Risk is inherent in all business functions and in every kind of activity. Knowing how to identify risks, attribute a value and a priority scale, design actions and mechanisms to minimize risks, and continuously monitor them, are essential to guarantee companies’ survival and create sustainable value. This is especially true for small- and medium-sized businesses that are most exposed to the harmful effects of the risks, due to limited resources and structural features. The objective of this study is to analyze available literature on the subject of risk management for small- and medium-sized enterprises from 1999 to 2009. The analysis derives interesting characteristics from the scientific studies, highlighting gaps and guidelines for future research

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confidence: 99%

Managing Risks in SMEs: A Literature Review and Research Agenda

Verbano

Venturini

2013

Journal of Technology Management & Innovation

150

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“…What risk concepts may exist and which subspecies and how they may differ has been explored by Belles-Sampera et al (2013), Chatterjee et al (2003) and Regan and Patè-Cornell (1997). Of course, concepts and theoretical analysis are very important, but we strive to demonstrate how it is possible to depict the process of counteracting negative influences through modeling.…”

Section: Literature Reviewmentioning

confidence: 99%

Modeling the Process of Risk Management Response to the Negative Impact of Risks as the Basis for Ensuring Economic Security

Kryshtanovych

Gutsulyak

Huzii

et al. 2021

Business, Management and Economics Engineering

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Purpose – the main purpose of the article is to form a methodological approach to counteract risks that most negatively affect the system of ensuring the economic security of engineering enterprises. Research methodology – the research methodology involves the application of the theory of graph connections, modeling from IDEF0. Findings – the main risks that most negatively affect the system of ensuring the economic security of engineering enterprises were identified, modeling of the main stages of response to their impact was carried out. Research limitations – the article has a number of limitations and this applies to the area of the study. The emphasis was on the engineering industry. In addition, it should be noted that there are other modeling methods for mapping the stages of response to the negative impact of risks. Practical implications – practical application of our methodological approach can be suitable for engineering enterprises. Originality/Value – the originality of the study lies in the presented methodological approach to identifying the risks that most negatively affect the system of economic security of engineering enterprises and modeling the process of responding to this impact.

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Development paths of risk management: approaches, methods and fields of application

Verbano

Venturini

2011

Journal of Risk Research

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Normative engineering risk management systems

Cited by 5 publications

References 14 publications

Managing Risks in SMEs: A Literature Review and Research Agenda

Managing Risks in SMEs: A Literature Review and Research Agenda

Modeling the Process of Risk Management Response to the Negative Impact of Risks as the Basis for Ensuring Economic Security

Development paths of risk management: approaches, methods and fields of application

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