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Építőipari kockázatok rétegei = Analysis of construction risks of layer
92-101Views:129Risk and uncertainty are subjects of philosophic and theoretic discussions long time ago. Both concepts have the intention that nature and effects of future happenings have to be analyzed and forecasted. Difference is though that analysis is possible by different means. Uncertainty is frightening and hard to be analyzed. On the other hand, risk is better served by data, easier to find a methodology that makes it a more acceptable and manageable object. Theoretic part of the article states that risk and uncertainty entitle a risk spectrum. The next statement is that this spectrum has layers piled on one on the other, from which risk and uncertainty are the ones on the sides.
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Practical Application of Methods in Strategy-Based Analyzes
59-72Views:484Increasing environmental volatility is a growing challenge for companies and businesses. The speed of economic events is changing, and the risk of uncertainty is increasing, requiring business to take a new approach to strategic planning. In the design and forming of their strategy, both the factors of the external and internal environment and the analysis of their competitors can be based on well-chosen methods. We consider the review of these methods, their application in planning and educational practice. The aim of our work, in which we present the methods that underpin the strategy applied in both domestic and international practice. The analysis of the external environment illustrates the construction and applicability of an external factor analysis matrix based on traditional PEST analysis and the Porter's five-factor model. In the case of internal factor analysis matrix, we focus on the approach of method choice, and on the applicable methods, the importance of the resource-based approach, the analysis of key factors and the Porter value chain analysis matrix. The third pillar of the analysis that underpins the strategy is the matrix-based assessment of competitors. The applicability of the methods depends on the form of the enterprise, the field of activity and the nature of its activities, which is complicated by the emergence of new economic spheres (e.g.: sharing) and transformed power relations.
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Risk Analysis of Food Retail Companies in Hungary’s Northern Great Plain Region
539-550Views:345Based on the financial ratios of analyzed companies we were performed a risk analysis, highlighting the degree of operational and financial leverages and the degree of combined leverage combining preceding ratios. We introduced a new aspect of the risk concept which began to spread in recent times. In the interest of to be able to analyse together cross-sectional and time series data, panel regression model was used. The panel regression is an extension of the multivariate linear regression interpreted as a multi-level model. In our study, the panel regression was used for analysis of food retailer companies, in the Northern Great Plain region's counties, in the period 2009-2014.
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Security Oriented Process Management
344-364Views:345Abstract. Theoretical background of enterprise risk management can be considered as founded by the ISO 31000 standard family and the COSO recommendation. However, their application in a given company domain requires knowledge of the local environment, and professional experience. Nowadays risk management is still anchored to functional fields, or organisational units (logistics, finance, quality management, HR, IT, e.g.). According to the view of the authors, this approach could results in parallel, multiple regulations of risk management. This could be avoided by a holistic view, and a risk based analysis of company processes. Writing this study is aimed at three
major goals:
- providing an overview of the bases of process and risk management,
- proposing a professional idea to be used at risk management of processes (Is it possible to reduce business
risk by analysing availability of resources assigned to processes?),
- providing a review of standards and recommendations which can be used in process risk management. -
Geotechnical Risks and its Influence on Investment in the Case of Vacant Locus
298-312Views:109At a building on vacant locus a significant amount of geotechnical risk can be arisen. In the case of arise of risks the technical content of the investment is amended, the time requirement as well as the cost of the investment is increasing. In the paper a review on the geotechnical risks, on their effects, as well as on the management of risks is given.
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Justification for the Olympic Reform Package Based on Good Practice
Views:262The Olympic Games have always been the pinnacle of sport and achievement. The modern Olympics are held every four years, and the venue is chosen from among the cities that apply. In my research, I wanted to find out the reasons for the decline in the popularity of the Games. To answer this question, I looked at 2 successful Olympics (2000 Sydney, 2012 London) in the hope of identifying success factors that could be adapted to other host countries. I conducted secondary research, reviewed related international and national research, and the available economic data. During the document analysis, I found that the expected costs of organising the Olympic have increased significantly over the last two to three decades, and under-planning is a common feature. As a result of the research, I have found that the most important pillars of successful organisation are a proper organising committee, comprehensive opportunity and risk analysis, accurate planning, sustainability in planning, continuous cost control, private sector support, and the work of volunteers.
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Risk Financing and Financing Risks In Case of Geothermal Investments
191-201Views:143In an investment process various sizes and types of risk arise. In project financing risk sharing is based on the assumption that the risk is to be borne by who is able to control and influence it. The article examines that project financing as a risk management technique is applicable to the treatment of geothermal investment risks.
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Classification of Nanomaterial’s Risky Properties on the Aspect of Human Safety
34-45Views:186Due to their unique properties the application of nanomaterials continuously extends thus these appear for several industries. The industrial application of nanomaterials became significant during the last decades. As a result of the intensive development, our knowledge about the exact influence of nanomaterials for living bodies and human health is characterised by deficiency for both short and long time. Nanomaterials able to be entered to the living organism through several ways then invade to the circulatory system and the lymphatic system, reach the organs and can induce various kind of damages and serious diseases as a result of their different appearance, physical and chemical properties. Legislation in Hungary and in the European Union seems to be incomplete. There is no document which summarizes and details the risky factors and parameters in case of a risk assessment. Our aim was to develop a criterion system considering the risks related to the use and contact of nanomaterials based on their physical, chemical and biological properties, which criterion system could provide basic principle for a risk assessment thereby make the industrial processes safer both for the employees and those who are in the vicinity.
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Project Risks and Risky Projects
164-189Views:354Projects are key drivers of organizational change, both their failure and success can have significant impact on the organizational performance. Risks may arise throughout the entire project life cycle. Managing these and initial project planning uncertainties is an important task of Project Management. The study describes the application of traditional project management tools and methods in risk analysis, -evaluation and -treatment based on modern project and risk management standards and recommendations. The authors also examine the link between classic project management objectives (project time - resources – scopes) and risk-based decision-making. The different scale and scope of projects call for different responses to the associated risks. The study highlights the possible role of the ISO 31000 risk management standard package in project risk management. The authors analyse the risk management of the different projects on the basis of processing relevant literature, including the relationship of the project stakeholders to the risks. R&D, agile projects and project portfolios have specific and complex risk exposures, but their project management can provide several „hidden” risk analysis and - treatment functions.
