Risk Management Lessons from Madoff Fraud

Project risk management : lessons learned from software

58 The challenges and realities in applying effective software risk management processes are difficult, in particular integrating the 59 risk management processes into software development organizations. However, the benefits of implementing effective risk manage60 ment tools and techniques in software development project are equally great. Current perceptions and emerging trends of various 61 ...

Risk-Management Lessons from Bonus Schemes

Management compensation packages typically include some form of bonus payment; these payments shall provide incentives for effort, but recently they were heavily criticized for their perceived excessive risk-taking incentives. This paper presents a continuous-time model in which the manager decides on the risk and effort level of the bank. A single-period model is nested into continuous-time; f...

Project risk management: lessons learned from software development environment

The challenges and realities in applying effective software risk management processes are difficult, in particular integrating the risk management processes into software development organizations. However, the benefits of implementing effective risk management tools and techniques in software development project are equally great. Current perceptions and emerging trends of various software ris...

Risk Management Lessons from the Global Banking Crisis of 2008

AI Approaches to Fraud Detection and Risk Management

researchers and practitioners doing work in these three related areas. Risk management, fraud detection, and intrusion detection all involve monitoring the behavior of populations of users (or their accounts) to estimate, plan for, avoid, or detect risk. In his paper, Til Schuermann (Oliver, Wyman, and Company) categorizes risk into market risk, credit risk, and operating risk (or fraud). Simil...