Risk Balancing in the Programmes – An Application in the Telecom Domain

Rasheed, Shahid; Wang, Changfeng; Yaqub, Faiza; Rafique, Khalid; Zhao, Di

doi:10.14257/ijunesst.2014.7.6.16

Cited by 4 publications

(2 citation statements)

References 24 publications

(18 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…AHP is a well-established decision technique that provides both subjective and objective approach to risk analysis through collection of expert's verdicts. Since its foundation (1980) by Prof. Saaty, AHP and its variants have been widely used in finance, education, engineering, government, defense, and numerous other fields (See for example [39][40][41][42][43]). Such extensive consumption is owing to its straightforwardness, ease of use, and rich flexibility [44].…”

Section: Risk Analysismentioning

confidence: 99%

Risk Leveling in Program Environments—A Structured Approach for Program Risk Management

2015

Self Cite

View full text Add to dashboard Cite

Programs are demarcated as administrative structures established to realize planned organizational strategies through multi-project activities. Programs occupy a distinct locus in organizational hierarchy, so therefore necessitate specialized management approaches. Risks in programs tend to widen the gap between the organizational plans and the actual program realizations. However, effective risk management can minimize these gaps. This research frames a structured approach for program risk management, called Risk Leveling in Program Environments (RLPE), which suggests (a) a deliberate shift of risks to the right organizational level where they can be addressed most effectively; and (b) a unique procedure for risk management, which attempts to stabilize the risky contexts in programs. RLPE tracks the standard risk management process, preserves distinct program locus, and employs certain qualitative and quantitative measures to achieve risk leveled environments for program success. It has been demonstrated how certain tools and concepts, such as Analytical Hierarchy Process (AHP), As Low As Reasonably Practicable (ALARP), standard deviation, etc. can be employed for risk oriented decision making in programs. RLPE is an instrumental approach, which can help the policy makers in controlling the risky contexts thereby providing sustainable growth for development programs. The offered approach can be particularly advantageous for risk management in large-scale (development) programs. OPEN ACCESSSustainability 2015, 7 5897

show abstract

Section: Risk Analysismentioning

confidence: 99%

Risk Leveling in Program Environments—A Structured Approach for Program Risk Management

2015

Self Cite

View full text Add to dashboard Cite

show abstract

“…Such intent is pursued through utilization of Analytical Hierarchy Process (AHP) which is a renowned MCDM technique; it is based on paired comparisons and deduces tangible values that are used for decision making (Saaty, 2008;Saaty & Peniwati, 2013). Owing to its flexibility, openness and efficiency, AHP has been extensively utilized for decisions in a variety of disciplines including engineering, finance, management, health, politics, education, governance and many more fields (Ho, 2008Rasheed, Changfeng, Yaqub, Rafique, & Di, 2014. The AHP process defines the weights of the criteria elements first; the ultimate solution weights of the alternatives with reference to the criteria are built thereafter (Saaty, 2008;Bodin & Gass, 2003).…”

Section: Risk Leveling In Business Environments (Rlbe)mentioning

confidence: 99%

Risk leveling in business environments - A novel approach for macro risk management

Rasheed

Wang

Yaqub³

et al. 2015

JIEM

Self Cite

View full text Add to dashboard Cite

Abstract:Purpose: The purpose of this study is to presents a specialized risk management approach and a structured risk management methodology for optimizing the macro business environments in turbulent business spheres.Design/methodology/approach: In this work, we present a specialized approach called 'Risk Leveling', and an organized risk management methodology known as 'Risk Leveling in Business Environments (RLBE)'. The Risk Leveling approach guides on how to deal with the contextual turbulences in order to attempt the ideal business settings, and the RLBE methodology provides an operational procedure to evaluate and manage the macro risks in a designated way.RLBE follows a multi-tier approach towards divergent risks and focuses on balancing the risky macro environs facing the business (segment). While observing risk mitigations, this approach recommends utilizing the available resources in a systematic and efficient way. The RLBE procedure directs how to reduce the risks to match them with the enterprises' risk tolerance; it also attempts to diminish the mutual risk disparities giving rise a context in which no risk is seen too big or too small comparative to the others. In order to actualize the desired, the RLBE process utilizes a mix of group decision methods (i.e. Brainstorming, Delphi, Three Point Estimates), analysis tools (i.e. Analytical Hierarchy Process (AHP)), and philosophies (i.e. As Low As Reasonably Practicable (ALARP)) in an orderly fashion.-738-Journal of Industrial Engineering and Management -http://dx.doi. org/10.3926/jiem.1293 Findings: Risk Leveling procedure presented in the study adopts the standard risk management process, attempts to pacify macro risks, and strives to achieve risk leveled environments for the industry. During its course to pursue the best business settings, RLBE favors to conserve the scarce organizational resources by utilizing them systematically.Originality/value: This approach can be practiced by the regimes to pacify and regulate the macro risks in the turbulent market segments.

show abstract

A literature- and senior stakeholder-informed model of southern African programme risk management challenges

Mulambya

Zaaiman

2021

African Journal of Science, Technology, Innovation and Developm

View full text Add to dashboard Cite

Risk Balancing in the Programmes – An Application in the Telecom Domain

Abstract: Abstract

Cited by 4 publications

References 24 publications

Risk Leveling in Program Environments—A Structured Approach for Program Risk Management

Risk Leveling in Program Environments—A Structured Approach for Program Risk Management

Risk leveling in business environments - A novel approach for macro risk management

A literature- and senior stakeholder-informed model of southern African programme risk management challenges

Contact Info

Product

Resources

About