The managing of risks and uncertainties in today’s competitive financial services industry is central to the survival and performance of financial organisations. Enterprise risk management (ERM) is an emerging approach to managing risks across different business functions in an organisation that represents a paradigm shift from specialized, silo-ed approaches in managing specific risks. This pa...

Traditional risk analysis approaches are based on events, probabilities and impacts. They are complex, time-consuming, and costly, and have limitations regarding the data and assessment quality: First, security events have to be identified often without much methodological guidance, making the process prone to errors and omissions. Second, concrete probability values for these events usually ha...

student withdrawal in higher education is one the important challenges in universities. this paper considers the admission of fee paid students as a business and their withdrawals as customer churn. the aim is to investigate the attrition and predicted risk of attrition to adapt interventionist polices deterrent. this study is a descriptive an applicable technique that uses quantitative and qua...

The importance of governance and associated issues of compliance and risk management is well recognized in enterprise systems. This importance has dramatically increased over the last few years as a result of numerous events that led to some of the largest scandals in corporate history. The governance, risk and compliance market is estimated to be worth over $32 billion. Tool support for govern...

This paper applies research in dependency modelling to a processbased risk assessment methodology suitable for critical infrastructures. The proposed methodology dynamically assesses the evolution of cascading failures over time between assets involved in a business process of an infrastructure. This approach can be applied by a CI operator/owner to explore how a failure in a single component (...

In order to understand the different types of e-business risks, this chapter uses a framework focusing on five dimensions of e-businesses. This chapter examines e-business risk management in a broader context by integrating various functions within firms. Primary consideration is given to characteristics of the integrated supply chain functionalities of a firm and their associations with inform...

This paper uses a tractable macroeconomic model with idiosyncratic human capital risk and incomplete markets to analyze the growth and welfare effects of business cycles. The analysis is based on the assumption that the elimination of business cycles eliminates the variation in idiosyncratic risk. The paper shows that a reduction in the variation in idiosyncratic risk decreases the ratio of phy...

In the context of process management, risk has been considered mainly from a project management perspective. But risk is an inherent property of every business process and techniques are needed to identify, represent and analyse business process risks. The absence of such techniques is a concern because both operational risk mitigation and legal compliance depend on the sufficient identificatio...

Risk Management is common to projects and operations, the two major phases in the product's lifecycle, but is practiced independently and almost disconnectedly in these two domains. Unfortunately, current risk management methodologies hardly address the problem of risk transition from projects to operations, during the product's transition from the former phase to the latter, or vice versa. Pro...

Conduct Security Assessment •Information Assets •Physical Assets Conduct Security Assessment •Information Assets •Physical Assets Assess Business Risk •Estimate Threats •Assign Probabilities of Loss Assess Business Risk •Estimate Threats •Assign Probabilities of Loss Develop Security Recommendations •Allocate Resources •Create Procedures Develop Security Recommendations •Allocate Resources •Cre...