Author: Eric H.Y. Koh
Publisher: Springer
ISBN: 9811375992
Category : Business & Economics
Languages : en
Pages : 84
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Book Description
This Pivot proposes an integrated approach to facilitate competency development in a more comprehensive way. It examines this approach in the important but seldom studied context of risk management in banks. Risk management weaknesses in banks have persisted in spite of regulatory changes. This Pivot takes inspiration from three unlikely sports heroes to create the proposed integrated approach to risk management competency development, bringing together three competency development concepts hitherto studied in isolation that are more comprehensive and more effective when combined. The author studies the integrated approach under three specific objectives. The concepts are first operationalized into 23 actionable indicators through literature reviews and experts’ reaffirmation. Then, the t-test and discriminant analysis are used to identify how banks across different demographic groups place different emphases on these indicators. Lastly, these indicators are summarized into key themes via factor analysis.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: Eric Hsieng Yang Koh
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 690
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Book Description
Author: Egan Naidoo
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The observed phenomenon is that projects in general are failing, and though professional associations have been upgrading project management standards, methodologies and tools, these efforts have not contributed to a general increase in project management success. Projects, systems, products and services are becoming more complex, which inevitably leads to competency and maturity issues. Constant project failures raise questions about the current project risk management concepts, practices, people, behaviour, contextual, and technology issues required to achieve consistency and the successful delivery of projects. An inquiry into Eskom, South Africa's dominant electricity generator and supplier, found that the conventional project management processes aggravate the risk of management incompetence when dealing with complex projects where uncertainty and risk are perceived to be higher. When training project risk management practitioners, Eskom does not apply a holistic approach that considers the impact of complexity, maturity and competency on projects and their performance. The skills and competency requirements are not stipulated when the risk advisor moves to a more senior advisory role in low-complexity projects, and from there into high-complexity projects. Eskom's 'one-size-fits-all' approach to competency development does not consider the fact that projects have different complexities. The researcher sought to ascertain whether there is a relationship between complexity, maturity and competency in project risk management and if so, to determine whether such a relationship affects the performance of projects. An interpretive and subjective research philosophy was adopted, using inductive reasoning and a qualitative research approach to probe the literature. The researcher applied field research with participative action research for the interviews and a qualitative survey to collect data and verify the findings of the literature review. A semi-structured questionnaire was used for in-depth interviews with six Eskom senior managers. Stratified sampling was used for the collection of data from 207 Eskom project risk management practitioners. They were invited to respond to the web-based survey comprising a questionnaire with multiple-choice questions on project and project risk management. Eighty project risk management practitioners responded to the survey. Further, a checklist of possible project risk management competencies was emailed to project management experts in Eskom and national and international project management associations for their input.Thematic analysis and content analysis were applied as the qualitative method of analysis. The interviews were recorded, transcribed and coded, and the web-based survey responses were categorised, analysed and interpreted to create an analytical narrative about the present project and project risk management situation in Eskom. The themes or commonalities discovered in the literature and field research, as well as the competency unit criteria from the updated checklist, was used to populate three matrices (technical, contextual and behavioural) for comparison purposes.The research findings indicated that project complexity is driven by the interaction of management, systems and the product delivered. All projects have some level of complexity and Eskom should acknowledge differing complexities. Competency development includes the development of technical, contextual and behavioural competencies. Most importantly, there is a notable relationship between complexity, maturity and competency in the project environment. These findings led to the creation of a sense-making framework in which the relationships between the research elements, their sub-elements and project risk management were combined to indicate how such a relationship could lead to the successful execution of projects. The final outcome of the research is a competency framework to guide the development of project risk practitioners.Recommendations from the research findings are that project performance can be improved by constantly enhancing the competencies of project risk practitioners and by introducing a defined career path in which the different types of projects are considered. Eskom should instil a project risk management culture to ensure maturity of the organisation and sensitivity to the varying levels of complexity in projects.
Author: Antonio Borghesi
Publisher: Springer Science & Business Media
ISBN: 8847025311
Category : Business & Economics
Languages : en
Pages : 139
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Book Description
The increasingly risky environment in which companies operate is characterized by a rising number of risk components, factors, sources, and drivers. The identification, evaluation, and management of these risks require the capability to coordinate various skills within a company and in upstream and downstream relationships. This handbook provides an integrated approach to the assessment, transfer, and communication of critical risks and highlights emerging methodologies that can help to protect businesses from adverse events and their effects. It explains how different risk management perspectives should be combined, and in particular how the corporate governance vision should be integrated with the perspectives of operations management, financial management, and business continuity management. In this sense the handbook provides concrete directions on how to develop a risk management team and culture, taking into account business challenges and employing appropriate managerial tools.
Author: CCPS (Center for Chemical Process Safety)
Publisher: John Wiley & Sons
ISBN: 1118795253
Category : Science
Languages : en
Pages : 108
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Book Description
This Guideline presents the framework of process safety knowledge and expertise versus the desired competency level in a "super-matrix" format, vertically and diagonally. The matrix references for potential remedies/required training may be tailored to a company's internally developed training, reference externally available training, or some combination of the two. Chapters include: Identify Process Safety Roles & Competency Needs; Process Safety Competency Matrix; Individual and Corporate Process Safety Competencies; Conduct Assessments vs. Needs; Develop Gap Closure Plans; and Sustaining Competencies.
Author:
Publisher:
ISBN:
Category : Executive departments
Languages : en
Pages : 24
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Book Description
Author: Terence Murasiki
Publisher:
ISBN: 9781928534891
Category : Risk management
Languages : en
Pages : 0
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Book Description
Author: Mark Frigo
Publisher: Wiley
ISBN: 9781118021996
Category : Risk management
Languages : en
Pages : 256
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Book Description
Executive-level guidance for best practices on risk assessment and enterprise risk management Strategic Risk Management is an easy-to-use source of information and tools for directors and executives. Presenting a series of articles, short narratives, tools and diagnostics, this timely book offers quick readings that begin with the definition of strategic risk management and then progress through the various frameworks and tools and diagnostics. Chapters can be read individually on a stand-alone basis Explains how to link risk management with strategy development, performance measurement systems and balanced scorecards Describes how to conduct a strategic risk assessment Providing current leading practices in this field, Strategic Risk Management expertly guides executives in assessing and managing risk on an enterprise level.
Author: Frederick Funston
Publisher: John Wiley & Sons
ISBN: 0470617489
Category : Business & Economics
Languages : en
Pages : 368
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Book Description
A new book to help senior executives and boards get smart about risk management The ability of businesses to survive and thrive often requires unconventional thinking and calculated risk taking. The key is to make the right decisions—even under the most risky, uncertain, and turbulent conditions. In the new book, Surviving and Thriving in Uncertainty: Creating the Risk Intelligent Enterprise, authors Rick Funston and Steve Wagner suggest that effective risk taking is needed in order to innovate, stay competitive, and drive value creation. Based on their combined decades of experience as practitioners, consultants, and advisors to numerous business professionals throughout the world, Funston and Wagner discuss the adoption of 10 essential and practical skills, which will improve agility, resilience, and realize benefits: Challenging basic business assumptions can help identify "Black Swans" and provide first-mover advantage Defining the corporate risk appetite and risk tolerances can help reduce the risk of ruin. Anticipating potential causes of failure can improve chances of survival and success through improved preparedness. Factoring in velocity and momentum can improve speed of response and recovery. Verifying sources and the reliability of information can improve insights for decision making and thus decision quality. Taking a longer-term perspective can aid in identifying the potential unintended consequences of short-term decisions.