The goal of this paper is to propose a process to manage risks in globally distributed software development environments. We propose a process integration, aiming to reflect in the operational level all information and decisions taken in the strategic and tactical levels. The operational level is defined as the project risk management process, and the strategic and tactical levels are defined a...

Supply contracts are a medium for coordinating materials and information flows in supply chains aiming at reducing uncertainties, order variances, delivery lead times, and inventory risks with increased fill rates. Practitioners were always up-front involved in designing and negotiating clauses of so called quantity flexibility contracts. Meanwhile researchers have proved the advantage of such ...

Risks to universal drinking water security are accelerating due to rapid demographic, climate and economic change. Policy responses are slow, uneven and largely inadequate to address the nature and scale of the global challenges. The challenges relate both to maintaining water security in increasingly fragile supply systems and to accelerating reliable access to the hundreds of millions who rem...

Enterprise risk management is a critical concept in the current business environment that supports use of tools and processes directed toward monitoring and mitigating organizational risks. Many organizations have embraced enterprise systems (ESs) technology for improving organizational efficiency and effectiveness. ESs provide value by identifying opportunities in operations and assist in mana...

According to the Basel II Accord for banks and Solvency II for the insurance industry, not only should the market and financial risks for the institutions be determined, also the operational risks (opRisk). In recent decades, Value at Risk (VaR) has prevailed for market and financial risks as a basis for assessing the present risks. Occasionally, there are suggestions as to how the VaR is to be...

Increasing international trade has exacerbated the risks of ecological damage due to invasive pests and diseases. For extreme events such as invasions of damaging exotic species or natural catastrophes, there are no or very few directly relevant data, so expert opinion must be relied on heavily. Expert opinion must be as fully informed and calibrated as possible – by available data, by other ex...

Carbon dioxide capture and geological storage is an enabling technology that will allow the continued use well into this century of fossil fuels, mainly coal, for power generation and combustion in industrial processes because they are relatively abundant, cheap, available and globally distributed, thus enhancing the security and stability of energy systems. Geological media suitable for CO2 st...

ICT outsourcing is one of the successful strategies implemented to reduce organization’s ICT operational cost and to give more priority to their core business rather to ICT operational activities. However, it causes significant risks to the success of the outsourcing ventures especially Information Security Risk (ISR). Therefore, analysis of ISR factors level for ICT Outsourcing project is requ...