Under the growing complexity of manufacturing processes, supply chains, markets and stakeholder expectations, enterprise risk management (ERM) has become an extremely important, probably yet still underdeveloped, function. Enterprise theory practice should keep pace with changes rapidly changing environments, through new, more adaptive approaches. The article presents some results a longitudina...

In this study, a new risk assessment model is developed and the evidence reasoning (ER) approach applied to assess failure of knowledge-intensive services (KIS) corporates in UK. General quantitative financial indicators alone (e.g., operational capability or profitability) cannot comprehensively evaluate probability company bankruptcy KIS sector. This combines with macroeconomic variables, ind...

With the growing popularity of data analytics and data science in the field of environmental risk management, a formalized Knowledge Discovery via Data Analytics (KDDA) process that incorporates all applicable analytical techniques for a specific environmental risk management problem is essential. In this emerging field, there is limited research dealing with the use of decision support to elic...

Maintenance is one approach to manage risk by a reduction of the probability of failure of technical systems and/or the consequences of their failure. However, history has shown that erroneous maintenance also can lead to reduced quality, incidents and accidents with extensive losses. Today, eMaintenance promises great opportunities for a paradigm shift from a rather narrow condition-based main...

Enterprise resource planning (ERP) projects are considered to be expensive, time-consuming, difficult to manage and risky. This paper presents how companies should consider and manage the risks in their ERP project. The focus in a qualitative case study is on small and medium-sized enterprises (SMEs) and it illustrates how the risks in the case firms are identified, analyzed and managed.

Projects are about the planning and delivery of beneficial change. This beneficial change may involve the creation of a desired physical asset or some less tangible organizational change. In either case, the pursuit of opportunities is an inherent central concern. Throughout any project what can be achieved is subject to uncertainty. Uncertainty underlies risk and the pursuit of inherent projec...

The radiation therapy department (RTD) initiated in 2009 a policy of open and transparent reporting of events not harming (near incidents) and potentially harming patients (incidents and accidents). This approach was immediately followed by the leader’s decision to engage towards the European Foundation for Quality Management (EFQM) excellence model. The EFQM approach structured the journey of ...

In this paper we propose a novel approach for the systematic assessment and analysis of IT related risks in organisations and projects. The approach is model-driven using an enterprise architecture as the basis for the security management process. Using an enterprise architecture it is possible to provide an integrated description of an organisation’s structure, processes and its underlying IT ...