The economic relevance of IT risks is increasing due to various operational, technical as well as regulatory reasons. Increasing flexibility of business processes and increasing dependability on IT require continuous risk assessment, challenging current methods for risk management. Extending IT risk management by a business process-oriented view is a promising approach for taking the occurring ...

As outsourcing is becoming mandate for today’s business, there has been a variety of researches taking place. This paper discusses on managing operational risks in an organization where one or more business processes are being outsourced. We first review on changing nature of operational risks not only in outsourced process itself, but also among any other interrelated processes. Then a concept...

The smooth running of small and medium-sized manufacturing enterprises (SMEs) presents a significant challenge irrespective of the technological and human resources they may have at their disposal. SMEs continuously encounter daily internal and external undesirable events and unwanted setbacks to their operations that detract from their business performance. These are referred to as ‘disturbanc...

Risk management is essential regarding the maintenance of a company’s business processes. The ability of companies to prevent risks as well as to respond quickly and appropriately to emerging threats is increasingly becoming a crucial success factor. In order to cope with these challenges, companies constitute business process and risk management approaches. Traditional business process managem...

During the years of prosperity, numerous organizations neglected numerous aspects of risk management. As systematic approach to handling identified risks is crucial to achieving success by the organization, modern business modeling standards and techniques are supposed to take risk-related features into account. The article is devoted to elaborating and exemplifying an extension aimed at risk h...

Business intelligent (BI) technologies have been adopted by different types of organizations. The banking sector is among the service industry that has been largely influenced by technology currently. This has been manifested in the way the operations of banking have evolved from the pure exchange of cheques, cash, as well as other negotiable platforms to the application of IT (information Tech...