Introduction Constructing a railway is a complex process that requires not only careful planning and the involvement of skilled professionals but also the development of a risk mitigation strategy based on the appropriate identification of risks. In the context of constructing a new railway between two destinations, beneficial practices should...
Abstract Projects have become a common phenomenon in the operation of organizations. This assertion is evidenced by the high rate at which organizations are adopting project approach in an effort to achieve the desired organizational goals. However, the success with which projects are completed is dependent on the effectiveness with...
Introduction Risk managers in finance define risk as “the uncertainty that has adverse consequences on earnings or wealth, or the uncertainty associated with negative outcomes only” (Bessis 2). This view of risk is also shared by regulators who are interested in maximizing the resiliency of financial organizations under stressed conditions...
Introduction The various global financial downturns experienced in the past have underlined the relevance of engaging in effective risk management to enhance the sustainability of different industries. The banking sector is one of the industries faced with numerous risks that could undermine the performance of the financial institutions considerably. As...
Introduction Companies are trying to develop competitive advantages to become leaders or remain in the market. Information security management (ISM) is one of the areas that can help businesses achieve this goal. Such aspects as contingency planning, security awareness and policies, risk management, and assessment, as well as security staffing,...
Scope and Study Background Walkers Shortbread is a company located in Scotland. Established in the year 1898, the company has been successful in sourcing for wheat as its primary raw material from neighboring countries such as Greece. The company’s supply chain management has been stable in mapping, executing, and managing...
Introduction The market often poses several challenges that a firm must know how to deal with to remain competitive in the market. Enterprise risk management has become a critical part of management as firms struggle to find ways of managing the challenges they face in their normal operations (Marchetti 2012)....
Introduction One of the key indicators of the efficiency of corporate governance is a consistent risk management strategy. The key function of corporate governance resides in ensuring accountability, transparency, and credibility; in other words, it is supposed to include all the elements that are comprised in a high-level performance (Global...
Introduction Security risk management refers to the totality of all processes involved in identifying, assessing, and prioritizing risks accompanied by the coordination and mobilization of resources that help to reduce, oversee, and control the likelihood or consequence of the threat. The aspect of risk management is applicable in all fields,...
Introduction Risk management appears to be one of the most essential parts of project management. Project managers are supposed to be able to work out a risk management plan and assess its effectiveness and efficiency. Therefore, this paper aims to consider the process of elaborating a risk management plan and...
Background information Foster’s Group is a private limited multinational company that operates within the Australian beverage industry. The firm engages in the production, marketing and distribution of alcoholic beverage products. Since its inception, the firm is committed to maximizing its profitability by marketing its premium branded products within the global...
Introduction Effective risk management is an integral aspect that contributes immensely in enhancing performance in diverse institutions. It entails a systematic management process that institutions use to protect themselves and their stakeholders from the effects of events that present extreme consequences. As well, it defines the efficiency and effectiveness with...
