Risk Control Research Papers - Academia.edu (original) (raw)

The adoption of systems-focused risk assessment techniques has not led to measurable improvement in the rate of patient harm. Why? In part, because these tools focus solely on understanding problems, and provide no direct support for designing and managing solutions (i.e., risk control). This second installment of a 2-part series on rebalancing risk management describes a structured approach to bridging this gap: The Active Risk Control (ARC) Toolkit. A pilot study is presented to show how ARC Toolkit can improve the quality of risk management practice.

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- Management, Risk Management and Insurance, Safety Engineering, Organizational Change

Risk assessment, by itself, does nothing to reduce risk or improve safety. It can only change outcomes by informing the design and management of effective risk control interventions. But current practice in healthcare risk management suffers from an almost complete lack of support for risk control. This first installment of a 2-part series on rebalancing risk management describes a new framework to guide risk control practice: The Process for Active Risk Control.

- by Alan Card
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- Management, Risk Management and Insurance, Business Administration, Safety Engineering

Risk Control Self Assessment in Flow Chart

- by Sonjai Kumar
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- Risk Management, Enterprise risk management, Operational Risk, Risk Control

Occupational accidents often occur because of a lack of self-awareness of the workers. The Department of Industrial Engineering FT USU has 8 laboratories including Audio Visual Studio and Technical Drawing Laboratory, Manufacturing Process Laboratory, Core Core Laboratory, Computational Laboratory, Ergonomic Laboratory and Work System Design, Measurement and Statistics Laboratory, Laboratium Production System and Laboratium Facility Layout and Material Transfer. The types of hazards that may occur in the laboratory include ergonomics hazard, noise hazard, mechanical hazard, fire, chemical hazard, slip, and biological hazard so that the potential hazard analysis using HIRARC method and improvement recommendation using 5S method. From the result of basic risk assessment, we get risk with priority 3 category 2 risk (7%), substantial category 4 risk (15%), category priority 1 as much as 20 risk (78%). Based on the existing risk assessment, there are 4 risks (16%), the substantial category of 8 (31%), the priority 1 category of 14 (53%). From the calculation of the average risk reduction is 13.28% so it is concluded that the risk reduction is still in the small category so that 5S implementation needs to be done such as training and 5S implementation continuously.

- by Lius Suhandi
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- Assessment, Risk Management, Risk Control, HIRARC

Хроническое отставание процесса трансформации госконтроля от общего процесса государственных преобразований, неэффективная система управления рисками государственных процессов, отсутствие надлежащей системы национального стратегического учета, эти и многие другие общественно-значимые и резонансные проблемы государственного регулирования (управления) свидетельствуют о достаточно низком качестве последнего. Однако главный вопрос настоящей статьи, каким образом и в какой мере решена проблема управления риском процесса государственного контроля в Российской Федерации в период становления национальной системы стратегического управления?

- by Nadyezhda V. Makogonova
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- Public Administration, Process Control, Risk Management, Risk Control

Current practice in healthcare risk management is supported by many tools for risk assessment (understanding problems), but none for risk control (solving problems). The results: a failure to improve safety, and a waste of the investment made in risk assessment. The Active Risk Control (ARC) Toolkit, available for free, fills this void with a systematic, structured approach to risk control.

Although it is probably the best-known prospective hazard analysis (PHA) tool, failure mode and effects analysis (FMEA) is far from the only option available. This article introduces one of the alternatives: The structured what-if technique (SWIFT). SWIFT is a flexible, high-level risk identification technique that can be used on a stand-alone basis, or as part of a staged approach to make more efficient use of bottom-up methods like FMEA. In this article we describe the method, assess the evidence related to its use in healthcare with the use of a systematic literature review, and suggest ways in which it could be better adapted for use in the healthcare industry. Based on the limited evidence available, it appears that healthcare workers find it easy to learn, easy to use, and credible. Especially when used as part of a staged approach, SWIFT appears capable of playing a useful role as component of the PHA armamentarium.

In recent years, the healthcare sector has adopted the use of operational risk assessment tools to help understand the systems issues that lead to patient safety incidents. But although these problem-focused tools have improved the ability of healthcare organizations to identify hazards, they have not translated into measurable improvements in patient safety. One possible reason for this is a lack of support for the solution-focused process of risk control. This article describes a content analysis of the risk management strategies, policies, and procedures at all acute (i.e., hospital), mental health, and ambulance trusts (health service organizations) in the East of England area of the British National Health Service. The primary goal was to determine what organizational-level guidance exists to support risk control practice. A secondary goal was to examine the risk evaluation guidance provided by these trusts. With regard to risk control, we found an almost complete lack of useful guidance to promote good practice. With regard to risk evaluation, the trusts relied exclusively on risk matrices. A number of weaknesses were found in the use of this tool, especially related to the guidance for scoring an event's likelihood. We make a number of recommendations to address these concerns. The guidance assessed provides insufficient support for risk control and risk evaluation. This may present a significant barrier to the success of risk management approaches in improving patient safety.

- by James Ward and +1
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- Management, Risk Management and Insurance, Safety Engineering, Organizational Change

Risk management can be defined as a systematic process for risk assessment, analysis and control in projects or disorganization. Risk management in specific a list of ten Risk Factors that is most common in IT and software projects is presented with descriptions and risk diagrams. A structured risk assessment framework, which is accompanied by efficient approaches in specific process phases, is helpful to diverse high-risk programme. Therefore, we incorporate risk assessment strategies that are more or less agreed by stakeholders as well as literature. The paper proposes utilization of a probabilistic Bayesian network model as software risk identification paradigm to reflect on the most important software risk management metrics in software development life cycle. An analytical evaluation based on the evidence obtained from an organization's software development programme was undertaken to analyze the model developed

- by IAEME Publication
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- Risk Management, Risk Analysis, Risk Control, Risk Identification

The construction industry is a main contributor to Malaysia’s economy and yet some construction projects are considered being extremely unsafe, unhealthy, and exposing to a lot of hazards and risks to worksites. Hazard Identification, Risk Assessment and Risk Control (HIRARC) is a process commonly used to determine and evaluate both existing and potential hazards on a worksite and an effective control action plan used to reduce the identified hazards. HIRARC risk management is a fundamental to the business operation, planning and management. This study investigates the implementation of the HIRARC Risk Management Plan and Risk Registered Matrix for the construction project of the Mengkuang Dam in Malaysia, which involved the scopes of raising and extension of the existing dam. Construction of the dam upgrading and expansion was subjected to severe risks factors such as potential impact to the existing dam, project schedule delay, exceeding the project budget and contractual dispute. The Risk Register Matrix based on HIRARC was initiated for this project and was also implemented during the construction of the dam. The risk management plan framework and process involved in the risk identification, risk assessment, risk control, and mitigating measures are discussed for further assessments of risk control and action plans. The findings have shown that the construction project risk in term of the relative risks can be reduced by implementing an effective control action plan to mitigate the risks significantly. The HIRARC risk management that applied in this study can also be adopted in other dam construction projects to provide an effective safety management system and reduce the project relative hazard risks.

- by Alan Card
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- Organizational Behavior, Risk Management and Insurance, Safety Engineering, Design

Root cause analysis is perhaps the most widely used tool in healthcare risk management, but does it actually lead to successful risk control? Are there categories of risk control that are more likely to be effective? And do healthcare risk managers have the tools they need to support the risk control process? This systematic review examines how the healthcare sector translates risk analysis to risk control action plans and examines how to do better. It suggests that the hierarchy of risk controls should inform risk control action planning and that new tools should be developed to improve the risk control process.

- by John Clarkson
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- Organizational Behavior, Management, Safety Engineering, Allied Health Sciences
- by Kameswari Peddada
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- Business, Regulation And Governance, Risk Control, Control Management
- by Popescu Petru
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- European integration, Risk Control

OFFSHORE RISK STUDIES, CONSIDERATIONS
TECHNIQUES
Jesus A. Segovia-Tovar & Juan B. Herrera-C.
Y&V Engineering and Construction. SSO Management / Design Security. CaracasVenezuela & Engineering Management. Puerto La Cruz-Venezuela.
Risk studies for offshore facilities and operations are one of the fundamental tools that the oil industry has to prevent damage to personnel, the environment and facilities, within a management scheme, with prospects of minimizing losses; with appropriate considerations associated with costs, efficiency and benefits in the systems under protection. Aspects of the experience of the company and the authors are discussed, in the execution of said studies associated with the various stages of Engineering in development and in the execution of offshore projects, considering elements associated with the identification of hazards, their methodologies and the calculation of probabilities applied in the subsequent quantification of risks.
Methodological aspects of HAZID (Hazard Identification) and QRA (Quantitative Risk Analysis) in some projects of local and international application and the possible consequences of not applying them are contrasted.
The elements of the environment in areas of the neritic and coastal region are also considered, with possible consequences on the facilities, technologies and operational methods identified for their minimization or control. Ultimately checking the validity of
risk analysis tools and their flexibility according to the stages of a project where they are applied.

- by jesus A Segovia T.
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- Marine Biology, Oceanography, Risk Control

Zootherapy is a contemporary manifestation that can be considered as a therapeutic technique in the Western health system. Its recognition process as a professional activity has been marked by rules, among which, the risk control associated with this practice. Considering the actions that humans develop to protect humans and animals, this article investigates the ways in which the perception of risk has mobilized professionals, animals and institutions that host animal-assisted therapy, based on socialization measures and hygiene and, the perception of the animal’s signals. The analysis puts technically oriented actions, skills and attitudes into perspective within an agentive process that, in addition to the direct and coercive handling of the animal, shows its active participation in the therapeutic process.

- by Ivana Teixeira
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- Risk Control, Social action, Anthropology of Knowledge and Action, Zootherapy
- by Henri Dolset
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- Risk Control, Medieval frontiers, Feudalism, Medieval power

Risk assessment is widely used to improve patient safety, but healthcare workers are not trained to design robust solutions to the risks they uncover. This leads to an overreliance on the weakest category of risk control recommendations: administrative controls. Increasing the proportion of non-administrative risk control options (NARCOs) generated would enable (though not ensure) the adoption of more robust solutions. Experimentally assess a method for generating stronger risk controls: The Generating Options for Active Risk Control (GO-ARC) Technique. Participants generated risk control options in response to two patient safety scenarios. Scenario 1 (baseline): All participants used current practice (unstructured brainstorming). Scenario 2: Control group used current practice; intervention group used the GO-ARC Technique. To control for individual differences between participants, analysis focused on the change in the proportion of NARCOs for each group. Proportion of NARCOs decre...

- by John Clarkson
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- Management, Business Administration, Safety Engineering, Public Administration
- by Sergio BIANCHI
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- Risk Control, Multifractional Brownian Motion, Pension Fund, Investment Risk

─Abstract ─ In recent years, manufacturers are refocusing and intensifying their keenness on the nature of risks within their operational environments. They are also concerned about their risk exposures. Numerous stakeholders, including government, credit-rating agencies, stock exchanges, occupational agencies and institutional investors are increasing their call for significant focus on effective risk oversight and optimised risk performance. For the manufacturing firms, the primary focus is production which exposes them to complex risks. This study investigates how small and medium manufacturers are optimising their internal control systems in order to mitigate risk. The study seeks to understanding how internal controls are utilised by manufacturing SMEs to mitigate and prevent risks, and how internal controls are implemented by manufacturing SMEs. The study is conducted on selected manufacturing SMEs in the Western Cape, South Africa. The study follows a qualitative research paradigm, adopting case-based interpretive approach employed to support the data collection, data analysis and data presentation methods. Manufacturing SMEs that are in process of implementing effective internal controls within their businesses would have a better understanding of the importance and value of preventing or mitigate risk. An analysis of interviews with managers and owners from manufacturing SMEs indicates that businesses that often create contingency risk plans, and implement INTERNATIONAL JOURNAL OF BUSINESS AND MANAGEMENT STUDIES Vol 9, No 2, 2017 ISSN: 1309-8047 (Online) 88 internal control systems are less exposed to risk. Their risk-buffer strategies towards perceived risks helps them achieve higher risk performance.

- by Job Prof Dubihlela and +1
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- Internal Auditing, Risk Control, Internal Controls

After investing significant amounts of time and money in conducting formal risk assessments, such as root cause analysis (RCA) or failure mode and effects analysis (FMEA), healthcare workers are left to their own devices in generating high-quality risk control options. They often experience difficulty in doing so, and tend toward an overreliance on administrative controls (the weakest category in the hierarchy of risk controls). This has important implications for patient safety and the cost effectiveness of risk management operations. This paper describes a before and after pilot study of the Generating Options for Active Risk Control (GO-ARC) technique, a novel tool to improve the quality of the risk control options generation process. The quantity, quality (using the three-tiered hierarchy of risk controls), variety, and novelty of risk controls generated. Use of the GO-ARC technique was associated with improvement on all measures. While this pilot study has some notable limitations, it appears that the GO-ARC technique improved the risk control options generation process. Further research is needed to confirm this finding. It is also important to note that improved risk control options are a necessary, but not sufficient, step toward the implementation of more robust risk controls.

- by John Clarkson
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- Organizational Behavior, Risk Management and Insurance, Safety Engineering, Nursing

In recent years, manufacturers are refocusing and intensifying their keenness on the nature of risks within their operational environments. They are also concerned about their risk exposures. Numerous stakeholders, including government, creditrating agencies, stock exchanges, occupational agencies and institutional investors are increasing their call for significant focus on effective risk oversight and optimised risk performance. For the manufacturing firms, the primary focus is production which exposes them to complex risks. This study investigates how small and medium manufacturers are optimising their internal control systems in order to mitigate risk. The study seeks to understanding how internal controls are utilised by manufacturing SMEs to mitigate and prevent risks, and how internal controls are implemented by manufacturing SMEs. The study is conducted on selected manufacturing SMEs in the Western Cape, South Africa. The study follows a qualitative research paradigm, adopti...

- by Job Prof Dubihlela
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- Business, Internal Auditing, Risk Control, Internal Controls

In this work we discuss in detail the theoretical and practical issues related to the adoption of a Poisson-Gaussian probability measure of financial returns as reference model for risk estimation and control during periods of market instability. The problems posed, as a consequence of its lack of coherence, by the adoption of the Value-at-Risk (VaR) for risk measurement and control purposes are considered in general and with respect to a case study represented by the Argentinean 2001 crisis. The generalisation of the canonical Gaussian framework to account for possible market instabilities and the role that can be played by portfolio optimisation schemes as form of control of extreme downside risk, are related in the article to the current debate on the necessity to overcome the problems posed by VaR in risk management practice. The introduction of coherent risk measures in portfolio optimisation and their effectiveness in risk management is considered by allowing arbitrary assumpt...

- by Giorgio Consigli
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- Value at Risk, Risk Control, EXTREME VALUES, Convex Risk Measures

- by lisa nqala
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- Business, Internal Auditing, Risk Control, Internal Controls