The role of information technology in the risk management of businesses in South Africa
- Authors: Schutte, B. , Marx, B.
- Date: 2018
- Subjects: Information technology , Risk management , Risk management of IT
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/289677 , uj:31434 , Citation: Schutte, B. & Marx, B. 2018. The role of information technology in the risk management of businesses in South Africa.
- Description: Abstract: Information Technology is a dynamic and constantly evolving field which has dramatically changed the way in which businesses operate. Organisations now have to ensure that information technology is incorporated into their risk management processes and the strategies to mitigate those risks. This study investigated the role of information technology in risk management processes, focusing on the type of information technology risks and threats that affect organisations. An empirical study of the integrated reports of the top 40 companies listed on the Johannesburg Securities Exchange was conducted to investigate the information technology risk management disclosure practices. The study was completed in 2016, before the King IV Code of Corporate Governance for South Africa became effective and accordingly, focused only on the King III principles of information technology governance and risk management. The study found that companies are mitigating information technology risks and have included information technology into their risk management processes. The results also revealed that awareness of information technology risk may be industry-driven, as companies operating in information technology environments were more likely to be exposed to information technology risk.
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- Authors: Schutte, B. , Marx, B.
- Date: 2018
- Subjects: Information technology , Risk management , Risk management of IT
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/289677 , uj:31434 , Citation: Schutte, B. & Marx, B. 2018. The role of information technology in the risk management of businesses in South Africa.
- Description: Abstract: Information Technology is a dynamic and constantly evolving field which has dramatically changed the way in which businesses operate. Organisations now have to ensure that information technology is incorporated into their risk management processes and the strategies to mitigate those risks. This study investigated the role of information technology in risk management processes, focusing on the type of information technology risks and threats that affect organisations. An empirical study of the integrated reports of the top 40 companies listed on the Johannesburg Securities Exchange was conducted to investigate the information technology risk management disclosure practices. The study was completed in 2016, before the King IV Code of Corporate Governance for South Africa became effective and accordingly, focused only on the King III principles of information technology governance and risk management. The study found that companies are mitigating information technology risks and have included information technology into their risk management processes. The results also revealed that awareness of information technology risk may be industry-driven, as companies operating in information technology environments were more likely to be exposed to information technology risk.
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IT risk management disclosure in the integrated reports of the top 40 listed companies on the JSE limited
- Marx, Ben, Hohls-du Preez, Covanni
- Authors: Marx, Ben , Hohls-du Preez, Covanni
- Date: 2017
- Subjects: Risk management , IT risk management , Integrated reporting
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/245063 , uj:25355 , Citation: Marx, B., & Preez, C.H. (2017). IT risk management disclosure in the integrated reports of the top 40 listed companies on the JSE limited. Risk governance & control: financial markets & institutions, 7(3), 27-34. doi:10.22495/rgcv7i3p3.
- Description: Abstract: Information Technology (IT) has become an integral part of virtually all modern day organisations. The advent of IT has given rise to numerous benefits which increase productivity and efficiency in the workplace, however, IT also brings with it significant risks that can have an impact on an organisation’s ability to function as a going concern. Organisations, especially those listed on the Johannesburg Stock Exchange (JSE), are required to submit an Integrated Report (IR) on an annual basis in which they indicate how they used the resources at their disposal to create value for the organisation and its stakeholders during the year under review. The IR is also a forward-looking document, as opposed to the traditional, backward-looking reports. The purpose of this paper is to determine to what extent IT Risk and IT Risk Management are disclosed in the IR’s of the Top 40 Listed Companies on the JSE. It further aims to determine whether IT Risks are included as material risk in the entity’s risk statements of the Integrated Report, and whether proper explanations are provided on how the materiality of the risks are determined and dealt with...
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- Authors: Marx, Ben , Hohls-du Preez, Covanni
- Date: 2017
- Subjects: Risk management , IT risk management , Integrated reporting
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/245063 , uj:25355 , Citation: Marx, B., & Preez, C.H. (2017). IT risk management disclosure in the integrated reports of the top 40 listed companies on the JSE limited. Risk governance & control: financial markets & institutions, 7(3), 27-34. doi:10.22495/rgcv7i3p3.
- Description: Abstract: Information Technology (IT) has become an integral part of virtually all modern day organisations. The advent of IT has given rise to numerous benefits which increase productivity and efficiency in the workplace, however, IT also brings with it significant risks that can have an impact on an organisation’s ability to function as a going concern. Organisations, especially those listed on the Johannesburg Stock Exchange (JSE), are required to submit an Integrated Report (IR) on an annual basis in which they indicate how they used the resources at their disposal to create value for the organisation and its stakeholders during the year under review. The IR is also a forward-looking document, as opposed to the traditional, backward-looking reports. The purpose of this paper is to determine to what extent IT Risk and IT Risk Management are disclosed in the IR’s of the Top 40 Listed Companies on the JSE. It further aims to determine whether IT Risks are included as material risk in the entity’s risk statements of the Integrated Report, and whether proper explanations are provided on how the materiality of the risks are determined and dealt with...
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Comparative analysis of the impacts of risks on bonded and unbonded construction projects
- Authors: Oke, Ayodeji
- Date: 2016
- Subjects: Construction projects , Risk management
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/223633 , uj:22493 , Citation: Oke, A. 2016. Comparative analysis of the impacts of risks on bonded and unbonded construction projects.
- Description: Abstract: Despite the introduction and adoption of various techniques and innovative practices geared towards improving the delivery of construction projects, some notable problems of cost overrun, time delay, low quality, dissatisfied clients, etc. still persist. One of the notable practices in the construction industry is the use of bonds and guarantees. Construction bond was introduced as an instrument to protect or indemnify its recipients against risks and problems associated with construction projects but the challenge over the years lies in the practical enforcement of bonding conditions and its overall benefits to the construction industry. This research therefore evaluate the risks that are associated with bonded and unbonded projects with a view to ascertaining their effects on overall construction projects success. Primary data were collected through administration of questionnaires on identified construction bond stakeholders namely: clients of public projects: quantity surveying and architectural firms; and construction firms. Questionnaires were administered on 337 respondents out of which 242 were returned while 236 were certified fit for analysis. Mean item score was used for ranking the identified factors while Kruskal-Wallis and Mann-Whitney tests were employed to examine relationship and differences in sample means of different groups of respondents respectively. The study revealed that financial soundness of the issuer also known as credit risk has major effect on projects with bond while for projects without bond, liquidity risk requires the most attention. The identified bond risks are more inherent in bonded projects except for liquidity and volatility risk. In view of this, special attention should be accorded the activities of guarantors, that is banks and insurance companies, shouldered with the responsibilities of issuing bonds in an attempt to reduce their influence on construction bond process. This will enhance value for money for contractors seeking the bonds and eventually lead to success of construction project.
- Full Text:
- Authors: Oke, Ayodeji
- Date: 2016
- Subjects: Construction projects , Risk management
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/223633 , uj:22493 , Citation: Oke, A. 2016. Comparative analysis of the impacts of risks on bonded and unbonded construction projects.
- Description: Abstract: Despite the introduction and adoption of various techniques and innovative practices geared towards improving the delivery of construction projects, some notable problems of cost overrun, time delay, low quality, dissatisfied clients, etc. still persist. One of the notable practices in the construction industry is the use of bonds and guarantees. Construction bond was introduced as an instrument to protect or indemnify its recipients against risks and problems associated with construction projects but the challenge over the years lies in the practical enforcement of bonding conditions and its overall benefits to the construction industry. This research therefore evaluate the risks that are associated with bonded and unbonded projects with a view to ascertaining their effects on overall construction projects success. Primary data were collected through administration of questionnaires on identified construction bond stakeholders namely: clients of public projects: quantity surveying and architectural firms; and construction firms. Questionnaires were administered on 337 respondents out of which 242 were returned while 236 were certified fit for analysis. Mean item score was used for ranking the identified factors while Kruskal-Wallis and Mann-Whitney tests were employed to examine relationship and differences in sample means of different groups of respondents respectively. The study revealed that financial soundness of the issuer also known as credit risk has major effect on projects with bond while for projects without bond, liquidity risk requires the most attention. The identified bond risks are more inherent in bonded projects except for liquidity and volatility risk. In view of this, special attention should be accorded the activities of guarantors, that is banks and insurance companies, shouldered with the responsibilities of issuing bonds in an attempt to reduce their influence on construction bond process. This will enhance value for money for contractors seeking the bonds and eventually lead to success of construction project.
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Construction health and safety risk management
- Mustapha, Z., Aigbavboa, Clinton, Thwala, Wellington Didibhuku
- Authors: Mustapha, Z. , Aigbavboa, Clinton , Thwala, Wellington Didibhuku
- Date: 2014
- Subjects: Construction industry , Risk management , Construction industry - Health measures , Construction industry - Safety measures
- Type: Article
- Identifier: uj:4822 , ISSN 978-0-86970-782-1 , http://hdl.handle.net/10210/12263
- Description: Refer to abstract in the full paper
- Full Text: false
- Authors: Mustapha, Z. , Aigbavboa, Clinton , Thwala, Wellington Didibhuku
- Date: 2014
- Subjects: Construction industry , Risk management , Construction industry - Health measures , Construction industry - Safety measures
- Type: Article
- Identifier: uj:4822 , ISSN 978-0-86970-782-1 , http://hdl.handle.net/10210/12263
- Description: Refer to abstract in the full paper
- Full Text: false
An integrated systems approach to risk management within a technology-driven industry, using the design structure matrix and fuzzy logic
- Barkhuizen, W.F., Pretorius, J.H.C., Pretorius, L.
- Authors: Barkhuizen, W.F. , Pretorius, J.H.C. , Pretorius, L.
- Date: 2012
- Subjects: Fuzzy logic thinking , Risk management
- Type: Article
- Identifier: uj:4661 , ISSN 2224-7890 , http://hdl.handle.net/10210/10034
- Description: Risk interactions exist within a system and its sub-systems, between functional and physical elements in various dimensions such as spatial interaction, information exchange, material transfer, and energy exchange. These interactions are of a multi-dimensional complexity, and thus are not sufficiently interpreted using conventional management tools. Alternative system representation and analysis techniques are proposed – in particular the design structure matrix (DSM) and fuzzy logic thinking – to quantify the risk management effort necessary to deal with uncertain and imprecise interactions. A cement grinding plant case study is used to elaborate on the risk management methodology
- Full Text:
- Authors: Barkhuizen, W.F. , Pretorius, J.H.C. , Pretorius, L.
- Date: 2012
- Subjects: Fuzzy logic thinking , Risk management
- Type: Article
- Identifier: uj:4661 , ISSN 2224-7890 , http://hdl.handle.net/10210/10034
- Description: Risk interactions exist within a system and its sub-systems, between functional and physical elements in various dimensions such as spatial interaction, information exchange, material transfer, and energy exchange. These interactions are of a multi-dimensional complexity, and thus are not sufficiently interpreted using conventional management tools. Alternative system representation and analysis techniques are proposed – in particular the design structure matrix (DSM) and fuzzy logic thinking – to quantify the risk management effort necessary to deal with uncertain and imprecise interactions. A cement grinding plant case study is used to elaborate on the risk management methodology
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