An Aggregated Information Technology Checklist for Operational Risk Management

This study addresses the issue of the Information Technology (IT) Governance frameworks and standards that respond to different levels of operational risks, especially those caused by the information systems and technology infrastructure. A requirement analysis regarding Basel II is conducted, a gap analysis between the Information Control Models (ICMs) is performed, and the aggregated IT checklist for Operational Risk Management (ORM) is proposed by mapping the control objectives in ICMs to the operational risk categories described in Basel II as loss event types. The validity and reliability of the study is based on the focus group assessment of the mappingsBasel II, Operational Risk Management, Information Control Model, Information Technology Governance.

Risk Management for e-Business

In the new Internet economy, risk management plays a critical role to protect the organization and its ability to perform their business mission, not just its IT assets. Risk management is the process of identifying risk, assessing risk, and taking steps to reduce risk to an acceptable level. The risk management is an important component of a IT security program. Information and communications technology management and IT security are responsible for ensuring that technology risks are managed appropriately. These risks originate from the deployment and use of IT assets in various ways, such as configuring systems incorrectly or gaining access to restricted software.risk, e-business, threat, vulnerability

A Risk Management Process for Consumers

Simply by using information technology, consumers expose themselves to considerable security risks. Because no technical or legal solutions are readily available, the only remedy is to develop a risk management process for consumers, similar to the process executed by enterprises. Consumers need to consider the risks in a structured way, and take action, not once, but iteratively. Such a process is feasible: enterprises already execute such processes, and time-saving tools can support the consumer in her own process. In fact, given our society's emphasis on individual responsibilities, skills and devices, a risk management process for consumers is the logical next step in improving information security

Risk Management in Information Technology Project: an Empirical Study

The companies are facing some risks due to changes in a dynamic environment. If risks are not managed properly, it will have some negative impacts on the companies at the present and the future. One important function of the Information Technology (IT) governance is risk management. Risk management in IT project aims to provide a safe environment for IT projects undertaken. Risk management becomes an important process for the success of IT projects. This article discussed the risk of IT project and whether there was a relationship between risk management and the success of the project. The method used was performing a literature review of several scientific articles which published between 2010 and 2014. The results of this study are the presence of risk management and risk manager influence the success of the project. Risk analysis and risk monitoring and control also have a relationship with the subjective performance of IT projects. If risk management is applied properly, the chance of the success of the projects undertaken can be increased

Effect of information technology dimensions on enterprise risk management

Financial institutions are exposed to many risks from different directions. Too many areas need to be protected which is not possible unless a holistic and comprehensive risk management process is in order. Enterprise risk management (ERM) proponents argue that ERM is that process which is a good instrument to overcome today’s challenges. Moreover, researchers claimed that an effective risk management is impossible without effective technology. Therefore the purpose of this study is to evaluate the effect of different dimensions of technology on ERM among Iranian financial institutions. This study used survey questionnaire to evaluate ERM and the level of companies’ technology including IT strategy and IT structure in organizations. This study found that there is positive and significant relationship between all dimensions of technology and ERM

A theory of supervision with endogenous transaction costs

We propose a theory of supervision with endogenous transaction costs. A principal delegates part of his authority to a supervisor who can acquire soft information about an agent's productivity. If the supervisor were risk-neutral, the principal would simply make the better informed supervisor residual claimant for the hierarchy's profit. Under risk-aversion, the optimal contract trades-off the supervisor's incentives to reveal his information with an insurance motive. This contract can be identified with the one obtained in a simple hard information model of hierarchical collusion with exogenous transaction costs. Now, transaction costs are endogenous and depend on the collusion stake, the accuracy of the supervisory technology and the supervisor's degree of risk-aversion. We then discuss various implications of the model for the design and management of organisations

RISK MANAGEMENT POTENTIAL OF PRECISION FARMING TECHNOLOGIES

Initial ideas on risk management uses of precision agricultural technology focused on site-specific treatment of problem areas to reduce the probability of low yields and returns. Recent discussions deal with sensor and remote-sensing information to improve marketing and "as applied maps" as trace-back mechanisms to manage liability. A theoretical model is presented that suggests that there are plausible circumstances under which precision farming can reduce temporal yield variability. Empirical evidence from an on-farm trial of site-specific P&K management in the Eastern Cornbelt supports the hypothesis that precision farming can have risk-reducing benefits.food safety, GIS, GPS, crop insurance, marketing, precision farming, site specific management, risk, Research and Development/Tech Change/Emerging Technologies, Risk and Uncertainty,

The Role of Accounting and Risk Management in Supply Chain Management: A lesson learnt from the Indonesian Meat Industry

Now a day, supply chain management (SCM) has been continuously imperative. Supply chain management performs is developed up. A significant number of studies were centered around supply chain management in the scholarly community. The motivation behind this investigation of study is to inspect the part of risk management on upgrading the execution of supply chain management, to look at the capacity of accounting management on expanding the execution of supply chain management, to reinforce the moderating part of information technology between risk management and supply chain management and to fortify the moderating part of information technology between accounting management and supply chain management. To accomplish these destinations, the present investigation utilized quantitative approach. Study strategy used to gather the information. Information were gathered from workers of Indonesian association of meat provider. Three hundred (300) samples were appropriated among the respondents. After analyzing the information through Smart PLS 3, it was discovered that meat providers and meat providers have been moving and centering towards decreasing cost, upgrading productivity and viability of supply chain management framework. In addition, it was explored that for decreasing cost and improving execution accounting management programming is fundamental. Further, information technology is the beneficial choice to decreased risk and enhancing the effectiveness of supply chain management in Indonesian association