The article considers the concepts of risk management, main processes management. Procedures for management process areproposed. Risk is one components organizational production, so it must be integrated into this and haveits own strategy, tactics, operational implementation. At same time, important not only to carry out but also periodicallyreview activities means such Every organization has i...

This paper reports the results of a study of three successive IT outsourcing contracts at British Petroleum (BP). We offer an operational definition of IT outsourcing risk and use it to assess the risk exposure associated with each contract. We then examine how the management at BP dealt with outsourcing risk. Our results show that careful and deliberate risk management can substantially attenu...

In the present paper we shall present our methodology to manage the Operational Knowledge (OK). The OK could be defined as a set of procedures or norms used by telecommunication operators to construct a genuine strategy tailored to the peculiarities of a given situation. Therefore, we have defined an Operational Knowledge Management Framework (OKMF) which has been developed taking into account ...

Operational risk management is the process of monitoring, evaluating, and changing courses of actions with potential detrimental consequences in real time. In this paper, we extend the decision models proposed in the literature for individual risk managers to account for situations where multiple risk managers are involved. For this purpose, two dynamic and adaptive preference aggregation model...

Effective engineering management is acknowledged as being fundamental to the successful operation of organizations. While traditional and contemporary approaches to operational engineering management are of great significance, there remains a need to make further advances in this field. Such advances will enable an increase in the competitiveness of an organization by contributing toward delive...