Risk management in sport at selected secondary schools
- Young, Marie Elizabeth Magdalena
- Authors: Young, Marie Elizabeth Magdalena
- Date: 2008-10-27T06:42:25Z
- Subjects: Risk management , School sports management , School sports law and legislation , Sports injuries
- Type: Thesis
- Identifier: uj:13420 , http://hdl.handle.net/10210/1343
- Description: M.Phil. , South Africa’s re-admission into international sport has contributed to the increase in the number of participants in sport in the country. Government also aims to promote and deliver programmes to develop sport at all levels of participation. The bodies responsible for these programmes are also responsible for policy development in sport on national and local level but not for the development of policies in sport at secondary school level. It is the responsibility of the Department of Education and related bodies for sport at school level such as USSASA. Sport participation at secondary school level could lead to potential injuries or permanent disabilities. The South African Constitution (Act 108 of 1996) does not focus on the management of sport or risks within school sport as it does not deal with specific issues or social activities but only provides a broad framework regulating all social activities including sport. Safety in school sport becomes part of risk management and not enough emphasis is placed on minimising the risks of injuries and law suits against the management of schools or sport managers, coaches or administrators. The problem is thus to identify and assess current practices that are related to the management of school sport in order to recommend guidelines for policy, procedures and practices for risk management in sport at secondary schools in Gauteng. Out of a population of 450 secondary schools, a sample of n=170 schools were drawn. Only 37 questionnaires were returned, but the results obtained still provided meaningful insights with regard to the management of risks in sport. In evaluating current risks management practises through descriptive statistical methods the conclusion could be reached that in general sport managers are aware of the legal responsibility towards participants in sport and that there is a perceived need to enhance certain legal liability aspects at secondary schools. , Prof. C. Singh
- Full Text:
- Authors: Young, Marie Elizabeth Magdalena
- Date: 2008-10-27T06:42:25Z
- Subjects: Risk management , School sports management , School sports law and legislation , Sports injuries
- Type: Thesis
- Identifier: uj:13420 , http://hdl.handle.net/10210/1343
- Description: M.Phil. , South Africa’s re-admission into international sport has contributed to the increase in the number of participants in sport in the country. Government also aims to promote and deliver programmes to develop sport at all levels of participation. The bodies responsible for these programmes are also responsible for policy development in sport on national and local level but not for the development of policies in sport at secondary school level. It is the responsibility of the Department of Education and related bodies for sport at school level such as USSASA. Sport participation at secondary school level could lead to potential injuries or permanent disabilities. The South African Constitution (Act 108 of 1996) does not focus on the management of sport or risks within school sport as it does not deal with specific issues or social activities but only provides a broad framework regulating all social activities including sport. Safety in school sport becomes part of risk management and not enough emphasis is placed on minimising the risks of injuries and law suits against the management of schools or sport managers, coaches or administrators. The problem is thus to identify and assess current practices that are related to the management of school sport in order to recommend guidelines for policy, procedures and practices for risk management in sport at secondary schools in Gauteng. Out of a population of 450 secondary schools, a sample of n=170 schools were drawn. Only 37 questionnaires were returned, but the results obtained still provided meaningful insights with regard to the management of risks in sport. In evaluating current risks management practises through descriptive statistical methods the conclusion could be reached that in general sport managers are aware of the legal responsibility towards participants in sport and that there is a perceived need to enhance certain legal liability aspects at secondary schools. , Prof. C. Singh
- Full Text:
An integrated process framework for engineering endeavours
- Authors: Erasmus, Jonnro
- Date: 2013-05-27
- Subjects: Engineering firms - Management , Project management , Strategic planning , Risk management
- Type: Mini-Dissertation
- Identifier: uj:7549 , http://hdl.handle.net/10210/8407
- Description: M.Ing. (Engineering Management) , With the exponential increase in the complexity of modern products, the enterprise which creates the product also increases in complexity. Projects to realise engineering products are often fraught with delays, budget overruns and unsatisfied clients. Such failures are often caused by any of the following factors: Lack of understanding and definition of the responsibilities of the parties involved; Lack of understanding of the challenges and planning to deal with those challenges; Lack of control of the input and output requirements, information and risks; Poor communication in the project team due to ambiguous and undefined technical terms; and Lack of work integration due to poor understanding of the different domains involved in the project. This dissertation sets about exploring the domains of systems engineering, project management and quality management, by extensively referencing industry standards and international good practice in the quest of unravelling conflicts and uncertainties. Selected concepts and business processes of each domain are studied to arrive at an understanding of the objectives and scopes of those processes. This understanding enables the integration of these business processes and concepts by utilising the widely-used plan-do-check-act (PDCA) cycle. The business processes of each domain are divided into the four PDCA quadrants and integrated models of those quadrants are presented. The four quadrants are synthesised into a single framework which shows the project management, quality management and systems engineering processes performed during a single project phase. This Engineering Management Framework may be tailored for the design and realisation of any complex product, given adequate planning, understanding of the challenges and knowledge of the subject matter.
- Full Text:
- Authors: Erasmus, Jonnro
- Date: 2013-05-27
- Subjects: Engineering firms - Management , Project management , Strategic planning , Risk management
- Type: Mini-Dissertation
- Identifier: uj:7549 , http://hdl.handle.net/10210/8407
- Description: M.Ing. (Engineering Management) , With the exponential increase in the complexity of modern products, the enterprise which creates the product also increases in complexity. Projects to realise engineering products are often fraught with delays, budget overruns and unsatisfied clients. Such failures are often caused by any of the following factors: Lack of understanding and definition of the responsibilities of the parties involved; Lack of understanding of the challenges and planning to deal with those challenges; Lack of control of the input and output requirements, information and risks; Poor communication in the project team due to ambiguous and undefined technical terms; and Lack of work integration due to poor understanding of the different domains involved in the project. This dissertation sets about exploring the domains of systems engineering, project management and quality management, by extensively referencing industry standards and international good practice in the quest of unravelling conflicts and uncertainties. Selected concepts and business processes of each domain are studied to arrive at an understanding of the objectives and scopes of those processes. This understanding enables the integration of these business processes and concepts by utilising the widely-used plan-do-check-act (PDCA) cycle. The business processes of each domain are divided into the four PDCA quadrants and integrated models of those quadrants are presented. The four quadrants are synthesised into a single framework which shows the project management, quality management and systems engineering processes performed during a single project phase. This Engineering Management Framework may be tailored for the design and realisation of any complex product, given adequate planning, understanding of the challenges and knowledge of the subject matter.
- Full Text:
Risk management : a business enabler or a compliance issue?
- Authors: Wernberg, Duncan
- Date: 2015
- Subjects: Risk management , Strategic planning
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/83403 , uj:19088
- Description: Abstract: Please refer to full text to view abstract , M.Com. (Strategic Management)
- Full Text:
- Authors: Wernberg, Duncan
- Date: 2015
- Subjects: Risk management , Strategic planning
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/83403 , uj:19088
- Description: Abstract: Please refer to full text to view abstract , M.Com. (Strategic Management)
- Full Text:
Operational risk management in financial institutions
- Authors: Schönfeldt, Nicolette
- Date: 2014-06-04
- Subjects: Risk management , Financial institutions - Management , Financial institutions
- Type: Thesis
- Identifier: uj:11411 , http://hdl.handle.net/10210/11049
- Description: M.Com. (Business Management) , Financial institutions and regulatory bodies of the financial services industry have, in the last decade of the 20th century, woken up to the realisation that the risk management procedures adopted and promoted by them did not take into account all the risks to which financial institutions were exposed. The one risk category, made up by an array of risks, that has been acknowledged by financial institutions and regulatory bodies for some time, but that has not received much recognition in the risk management procedures is operational risk. This is quite ironic, as operational risk is the only 'pure" risk, i.e. the only risk with only a downside potential. Credit, market and underwriting risk, on the other hand, could result in profits if managed properly. But the losses to which operational risk exposes a financial institution can be minimised through effective risk management. Purpose The greatest obstacle in the process of operational risk management is the fact that there is no universally accepted definition of operational risk. The main purpose of this study is to perform an empirical study of the discipline of operational risk management. This includes research on the subject of operational risk management, assessing the problems experienced in the operational risk management field, considering the different operational risk strategies that exist and evaluating qualitative operational risk methodologies as well as the problems experienced in quantifying operational risk. In conclusion, a definition for operational risk is suggested, based on the research conducted.
- Full Text:
- Authors: Schönfeldt, Nicolette
- Date: 2014-06-04
- Subjects: Risk management , Financial institutions - Management , Financial institutions
- Type: Thesis
- Identifier: uj:11411 , http://hdl.handle.net/10210/11049
- Description: M.Com. (Business Management) , Financial institutions and regulatory bodies of the financial services industry have, in the last decade of the 20th century, woken up to the realisation that the risk management procedures adopted and promoted by them did not take into account all the risks to which financial institutions were exposed. The one risk category, made up by an array of risks, that has been acknowledged by financial institutions and regulatory bodies for some time, but that has not received much recognition in the risk management procedures is operational risk. This is quite ironic, as operational risk is the only 'pure" risk, i.e. the only risk with only a downside potential. Credit, market and underwriting risk, on the other hand, could result in profits if managed properly. But the losses to which operational risk exposes a financial institution can be minimised through effective risk management. Purpose The greatest obstacle in the process of operational risk management is the fact that there is no universally accepted definition of operational risk. The main purpose of this study is to perform an empirical study of the discipline of operational risk management. This includes research on the subject of operational risk management, assessing the problems experienced in the operational risk management field, considering the different operational risk strategies that exist and evaluating qualitative operational risk methodologies as well as the problems experienced in quantifying operational risk. In conclusion, a definition for operational risk is suggested, based on the research conducted.
- Full Text:
The application of reduced-form models for managing consumer credit risk
- Van der Walt, Frederik Christoffel
- Authors: Van der Walt, Frederik Christoffel
- Date: 2014-10-13
- Subjects: Risk management , Consumer credit - Management
- Type: Thesis
- Identifier: uj:12589 , http://hdl.handle.net/10210/12379
- Description: Ph.D. (Mathematical Statistics) , This thesis considers the modelling and prediction of consumer credit risk events. We model consumer credit risk events (like a missed payment, a repayment or a default) by means of a discrete, real time, staggered entry counting process. Merton s (1974) structural approach is the foundation of numerous credit-risk models, as well as the Basel capital accords. The underlying assumptions of this approach are that both liability and asset levels are observable to some extent and that default, which occurs if liability levels are larger than asset levels, can occur only once. These assumptions are inappropriate for consumer credit risk, where asset and liability levels are not observable and multiple defaults may occur. We nd that the so-called reduced-form models initially developed by Artzner and Delbaen (1995) and Jarrow and Turnbull (1995), which impose no structure on the default event, are better suited to model and predict consumer credit risk. All reduced-form models can be represented as counting processes. Counting processes are continuous in nature, so we discretize these processes before applying them to the regularly spaced, discrete monthly data. We show that the use of survival analysis tech- niques such as Cox s (1972) proportional hazard model, which is a special case in counting processes, are not well suited to model credit risk. This is because survival analysis is mostly concerned with the prediction of the time until a single event occurs. Accordingly, in survival analysis the time domain used is event time . Hence, all observations need to be aligned to some starting time. We prefer to work in calendar time and are concerned with the timing (in calendar time) of multiple events. We identify and implement a dynamic, discrete statistical model based on calendar time that accounts for staggered entries, multiple entries into and exits from the portfolio, as well as multiple default events on an account level. This approach, from Arjas and Haara (1987), makes use of both idiosyncratic and systematic covariates, which facilitates stress-testing. This approach has, to our knowledge, never been applied to credit risk before and we apply it to a mortgage loan portfolio of a major bank in South Africa.
- Full Text:
- Authors: Van der Walt, Frederik Christoffel
- Date: 2014-10-13
- Subjects: Risk management , Consumer credit - Management
- Type: Thesis
- Identifier: uj:12589 , http://hdl.handle.net/10210/12379
- Description: Ph.D. (Mathematical Statistics) , This thesis considers the modelling and prediction of consumer credit risk events. We model consumer credit risk events (like a missed payment, a repayment or a default) by means of a discrete, real time, staggered entry counting process. Merton s (1974) structural approach is the foundation of numerous credit-risk models, as well as the Basel capital accords. The underlying assumptions of this approach are that both liability and asset levels are observable to some extent and that default, which occurs if liability levels are larger than asset levels, can occur only once. These assumptions are inappropriate for consumer credit risk, where asset and liability levels are not observable and multiple defaults may occur. We nd that the so-called reduced-form models initially developed by Artzner and Delbaen (1995) and Jarrow and Turnbull (1995), which impose no structure on the default event, are better suited to model and predict consumer credit risk. All reduced-form models can be represented as counting processes. Counting processes are continuous in nature, so we discretize these processes before applying them to the regularly spaced, discrete monthly data. We show that the use of survival analysis tech- niques such as Cox s (1972) proportional hazard model, which is a special case in counting processes, are not well suited to model credit risk. This is because survival analysis is mostly concerned with the prediction of the time until a single event occurs. Accordingly, in survival analysis the time domain used is event time . Hence, all observations need to be aligned to some starting time. We prefer to work in calendar time and are concerned with the timing (in calendar time) of multiple events. We identify and implement a dynamic, discrete statistical model based on calendar time that accounts for staggered entries, multiple entries into and exits from the portfolio, as well as multiple default events on an account level. This approach, from Arjas and Haara (1987), makes use of both idiosyncratic and systematic covariates, which facilitates stress-testing. This approach has, to our knowledge, never been applied to credit risk before and we apply it to a mortgage loan portfolio of a major bank in South Africa.
- Full Text:
Risk management in information technology projects
- Authors: Antony, Tessy
- Date: 2012-08-01
- Subjects: Risk management , Risk management - Data processing , Project management , Information technology - Management
- Type: Thesis
- Identifier: uj:8902 , http://hdl.handle.net/10210/5374
- Description: M.Ing. , Information Technology (IT) projects are typically accompanied by a wide variety of complex risks. The rapid rate at which technology is currently changing requires the use of updated processes for project risk management in the IT industry. This paper investigates the active management of risk by focusing on the causes of such risk and developing indicators to track project risk throughout all project phases. The current research focuses on Project Risk Management as described in the Guide to the Project Management Body of Knowledge (PMBoK®) Fourth Edition, detailing the tools and techniques needed to make risk management work in IT projects. This Project Management Institute (PMI) Standard has been adopted for the current research as it is widely accepted by many organisations in order to ensure greater return on investment and other benefits from projects. The PMI’s PMBoK® details an approach to project risk management which includes the process concerned with identifying, analysing, prioritising and mitigating risk at regular intervals. Specifically, it focuses on budget-related risks in order to reduce IT project failure due to budget overruns. Risk measurement and risk control are also incorporated to achieve a sustainable risk management system for IT projects. Finally, a private sector IT project is used as case study in order to apply the research in practice. This case study makes use of Accenture's maturity model concept, which helps us to understand this organisation’s benchmarking in recent years.
- Full Text:
- Authors: Antony, Tessy
- Date: 2012-08-01
- Subjects: Risk management , Risk management - Data processing , Project management , Information technology - Management
- Type: Thesis
- Identifier: uj:8902 , http://hdl.handle.net/10210/5374
- Description: M.Ing. , Information Technology (IT) projects are typically accompanied by a wide variety of complex risks. The rapid rate at which technology is currently changing requires the use of updated processes for project risk management in the IT industry. This paper investigates the active management of risk by focusing on the causes of such risk and developing indicators to track project risk throughout all project phases. The current research focuses on Project Risk Management as described in the Guide to the Project Management Body of Knowledge (PMBoK®) Fourth Edition, detailing the tools and techniques needed to make risk management work in IT projects. This Project Management Institute (PMI) Standard has been adopted for the current research as it is widely accepted by many organisations in order to ensure greater return on investment and other benefits from projects. The PMI’s PMBoK® details an approach to project risk management which includes the process concerned with identifying, analysing, prioritising and mitigating risk at regular intervals. Specifically, it focuses on budget-related risks in order to reduce IT project failure due to budget overruns. Risk measurement and risk control are also incorporated to achieve a sustainable risk management system for IT projects. Finally, a private sector IT project is used as case study in order to apply the research in practice. This case study makes use of Accenture's maturity model concept, which helps us to understand this organisation’s benchmarking in recent years.
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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...
- Full Text:
- 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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Risk management best practices in the Department of Trade and Industry
- Authors: Joel, Carmen
- Date: 2016
- Subjects: Risk management , Corporate governance
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/225695 , uj:22801
- Description: M.A. , Abstract: This study focused on best practice risk management frameworks (RMFs) for the sustainable implementation of risk management in the public sector, with specific reference to the role of the Department of Trade and Industry (dti). Risk management entails resources, planning, arranging, and controlling to reduce the impact of possible risks to a manageable level. The main research question addressed by this study is: What is the nature of the risk management process and which practical actions can be taken to improve risk management in the dti in order to ensure sustainable service delivery? The goal of this best practice approach to risk management as a higher-order management function is to create an industry that will reflect on how events may influence organisational objectives through the process of identifying, assessing reducing, eliminating or mitigating and monitoring the impact and likelihood of actual or prospective risks through implementing new or improved assessment practices and internal controls. As organisations increasingly focus on establishing or maturing their risk management applications, risk managers experience a range of challenges – from the start of the risk management process to ensure that the right decisions and processes are carried out, to managing the complex involvement of many different functional stakeholders to fulfil an organisation’s mission, achieve its objectives, and to add value. Many of the problems encountered while establishing or maturing a risk management approach can be prevented by using a sound risk management methodology and by compliance with the regulatory and policy frameworks. This study focused on the improvement of risk management in general and the dti in particular, and made proposals for best practice methodologies and mechanisms for effective and efficient risk management systems to develop resilience against unforeseen risks. The proposed best practice mechanisms can be applied as good governance mechanisms to mitigate risk. A qualitative research methodology was followed, whereby conceptual and documentary content analyses and benchmarking were applied as research techniques. It was based on primary and secondary sources of information which covered a wide spectrum of themes, including core regulatory and policy frameworks, concepts, theories, approaches, and the variables which influence risk management in both international and South African contexts...
- Full Text:
- Authors: Joel, Carmen
- Date: 2016
- Subjects: Risk management , Corporate governance
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/225695 , uj:22801
- Description: M.A. , Abstract: This study focused on best practice risk management frameworks (RMFs) for the sustainable implementation of risk management in the public sector, with specific reference to the role of the Department of Trade and Industry (dti). Risk management entails resources, planning, arranging, and controlling to reduce the impact of possible risks to a manageable level. The main research question addressed by this study is: What is the nature of the risk management process and which practical actions can be taken to improve risk management in the dti in order to ensure sustainable service delivery? The goal of this best practice approach to risk management as a higher-order management function is to create an industry that will reflect on how events may influence organisational objectives through the process of identifying, assessing reducing, eliminating or mitigating and monitoring the impact and likelihood of actual or prospective risks through implementing new or improved assessment practices and internal controls. As organisations increasingly focus on establishing or maturing their risk management applications, risk managers experience a range of challenges – from the start of the risk management process to ensure that the right decisions and processes are carried out, to managing the complex involvement of many different functional stakeholders to fulfil an organisation’s mission, achieve its objectives, and to add value. Many of the problems encountered while establishing or maturing a risk management approach can be prevented by using a sound risk management methodology and by compliance with the regulatory and policy frameworks. This study focused on the improvement of risk management in general and the dti in particular, and made proposals for best practice methodologies and mechanisms for effective and efficient risk management systems to develop resilience against unforeseen risks. The proposed best practice mechanisms can be applied as good governance mechanisms to mitigate risk. A qualitative research methodology was followed, whereby conceptual and documentary content analyses and benchmarking were applied as research techniques. It was based on primary and secondary sources of information which covered a wide spectrum of themes, including core regulatory and policy frameworks, concepts, theories, approaches, and the variables which influence risk management in both international and South African contexts...
- Full Text:
Implementing risk management through change management at the Department of Justice and Constitutional Development
- Authors: Ntsele, Simphiwe
- Date: 2015
- Subjects: Risk management , Change - Management , South Africa. Department of Justice and Constitutional Development
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/124609 , uj:20937
- Description: Abstract: Please refer to full text to view abstract , M.Com. (Business Management)
- Full Text:
- Authors: Ntsele, Simphiwe
- Date: 2015
- Subjects: Risk management , Change - Management , South Africa. Department of Justice and Constitutional Development
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/124609 , uj:20937
- Description: Abstract: Please refer to full text to view abstract , M.Com. (Business Management)
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A proposed sector wide risk model based on enterprise wide risk management
- Authors: Buhr, Richard Otto
- Date: 2012-06-04
- Subjects: Risk management , Risk assessment , Crisis management
- Type: Thesis
- Identifier: uj:2331 , http://hdl.handle.net/10210/4789
- Description: D.Ing. , For executive management to guide an enterprise, strategic planning is essential. Using Enterprise Wide Risk Management (EWRM) as an input to Scenario Analysis (SA) for Strategic Planning (SP) allows for improved accuracy over conventional methods. This would allow for greater realism from the executive management perspective of possible outcomes in scenario modelling by providing a solid quantitative base founded on real operational information. Emerging regulatory legislation for corporates also require quantitative risk management in the enterprise for reporting and rating purposes, providing a wealth of information for scenario modelling purposes. From the outset this research focuses on the industrial sectors in South Africa, though the model could be applied to any industry sector internationally. The core of any industrial enterprise is made up of the Operational Support Systems (OSS) that provide the hardware and software infrastructure to operate the business. The smooth operation and efficient handling of any unforeseen events in the OSS impacts the very survival of the en- terprise in a highly competitive environment. The development of an OSS risk management (RM) strategy to provide an efficient and effective way to recognise, classify and mitigate the risks involved in OSS is thus crucial to any enterprise that seeks to remain competitive. To implement this RM strategy and provide information regarding likely loss events, a quantitative risk model is required to simulate different scenarios. This research investigates the development of a Sector Wide Risk Model (SWRM) to simulate stress events in an industry sector and their impact on sector members.
- Full Text:
- Authors: Buhr, Richard Otto
- Date: 2012-06-04
- Subjects: Risk management , Risk assessment , Crisis management
- Type: Thesis
- Identifier: uj:2331 , http://hdl.handle.net/10210/4789
- Description: D.Ing. , For executive management to guide an enterprise, strategic planning is essential. Using Enterprise Wide Risk Management (EWRM) as an input to Scenario Analysis (SA) for Strategic Planning (SP) allows for improved accuracy over conventional methods. This would allow for greater realism from the executive management perspective of possible outcomes in scenario modelling by providing a solid quantitative base founded on real operational information. Emerging regulatory legislation for corporates also require quantitative risk management in the enterprise for reporting and rating purposes, providing a wealth of information for scenario modelling purposes. From the outset this research focuses on the industrial sectors in South Africa, though the model could be applied to any industry sector internationally. The core of any industrial enterprise is made up of the Operational Support Systems (OSS) that provide the hardware and software infrastructure to operate the business. The smooth operation and efficient handling of any unforeseen events in the OSS impacts the very survival of the en- terprise in a highly competitive environment. The development of an OSS risk management (RM) strategy to provide an efficient and effective way to recognise, classify and mitigate the risks involved in OSS is thus crucial to any enterprise that seeks to remain competitive. To implement this RM strategy and provide information regarding likely loss events, a quantitative risk model is required to simulate different scenarios. This research investigates the development of a Sector Wide Risk Model (SWRM) to simulate stress events in an industry sector and their impact on sector members.
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Operational risk analysis for the management of railway infrastructure maintenance
- Authors: Dhlamini, Phumzile
- Date: 2012-06-04
- Subjects: Railroad engineering , Railroads - Management , Risk management , Railroads - Maintenance and repair
- Type: Mini-Dissertation
- Identifier: uj:2307 , http://hdl.handle.net/10210/4766
- Description: M. Ing. , This dissertation proposes a methodology for the analysis of the operational risks that are caused by railway infrastructure component failure. The objective of this methodology is to assist the engineers that manage railway infrastructure maintenance to forecast the following: • the frequency of operational risk events that are caused by railway infrastructure failure; • the cost of rehabilitating railway infrastructure after an operational risk event that was caused by railway infrastructure failure; and • the impact that railway infrastructure maintenance strategies have on the frequency and cost of operational risk events that are caused by railway infrastructure failure. A brief literature study of operational risk analysis is presented. The proposed operational risk analysis methodology involves the identification of the operational risks that are caused by railway infrastructure failure and causal modelling using Bayesian network causal models. The proposed operational risk methodology is applied in a case study concerning a railway company (called African Railways Ltd as a pseudonym for the sake of confidentiality). The train derailments that are caused by infrastructure component failure in a particular region are analysed in the case study. The case study presents historical data and the results of a questionnaire that was used during face-to-face individual interviews with three track maintenance experts. The frequency of train derailments, the cost of rehabilitating railway infrastructure after train derailments and the impact of railway infrastructure maintenance on these two issues are forecasted. The case study concludes with a comparison of the forecasted and actual frequency of train derailments and cost of rehabilitating the railway infrastructure after a train derailment.
- Full Text:
- Authors: Dhlamini, Phumzile
- Date: 2012-06-04
- Subjects: Railroad engineering , Railroads - Management , Risk management , Railroads - Maintenance and repair
- Type: Mini-Dissertation
- Identifier: uj:2307 , http://hdl.handle.net/10210/4766
- Description: M. Ing. , This dissertation proposes a methodology for the analysis of the operational risks that are caused by railway infrastructure component failure. The objective of this methodology is to assist the engineers that manage railway infrastructure maintenance to forecast the following: • the frequency of operational risk events that are caused by railway infrastructure failure; • the cost of rehabilitating railway infrastructure after an operational risk event that was caused by railway infrastructure failure; and • the impact that railway infrastructure maintenance strategies have on the frequency and cost of operational risk events that are caused by railway infrastructure failure. A brief literature study of operational risk analysis is presented. The proposed operational risk analysis methodology involves the identification of the operational risks that are caused by railway infrastructure failure and causal modelling using Bayesian network causal models. The proposed operational risk methodology is applied in a case study concerning a railway company (called African Railways Ltd as a pseudonym for the sake of confidentiality). The train derailments that are caused by infrastructure component failure in a particular region are analysed in the case study. The case study presents historical data and the results of a questionnaire that was used during face-to-face individual interviews with three track maintenance experts. The frequency of train derailments, the cost of rehabilitating railway infrastructure after train derailments and the impact of railway infrastructure maintenance on these two issues are forecasted. The case study concludes with a comparison of the forecasted and actual frequency of train derailments and cost of rehabilitating the railway infrastructure after a train derailment.
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Evaluating the use of risk-identification techniques in the South African construction industry
- Renault, B. Y., Agumba, J. N., Ansary, A.
- Authors: Renault, B. Y. , Agumba, J. N. , Ansary, A.
- Date: 2016
- Subjects: Construction industry - South Africa , Risk management
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/214928 , uj:21342 , Citation: Renault, B.Y., Agumba, J.N & Ansary, A. 2016. Evaluating the use of risk-identification techniques in the South African construction industry. Proceedings of the 9th Annual Quantity Surveying Conference, Port Elizabeth, 19-21 October 2016
- Description: Abstract: Purpose of this paper: This paper seeks to investigate the current use of risk-identification techniques in the South African construction industry. Methodology: An extensive literature search was conducted to collect the secondary data; and these were supplemented by primary data via a questionnaire survey. These were then distributed to contractors, who were conveniently sampled in Gauteng (South Africa). The data were analysed by using the Mean-Item Score (MIS). Findings: A total of twelve risk-identification techniques were identified, of which checklist, flowchart and brainstorming were rated as the most used risk-identification techniques in construction projects in Gauteng. Research limitations: This research was conducted only with considered contractors in the Gauteng province. Further research could include an increased target population more representative of the South African construction industry. Practical implications: Practitioners and researchers are likely to find the study useful; as it discusses the risk-identification techniques used in construction; and in particular, it seeks to report empirically on the techniques mostly applied in identifying risks in construction projects. Valuable information about current risk-identification techniques are provided...
- Full Text:
- Authors: Renault, B. Y. , Agumba, J. N. , Ansary, A.
- Date: 2016
- Subjects: Construction industry - South Africa , Risk management
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/214928 , uj:21342 , Citation: Renault, B.Y., Agumba, J.N & Ansary, A. 2016. Evaluating the use of risk-identification techniques in the South African construction industry. Proceedings of the 9th Annual Quantity Surveying Conference, Port Elizabeth, 19-21 October 2016
- Description: Abstract: Purpose of this paper: This paper seeks to investigate the current use of risk-identification techniques in the South African construction industry. Methodology: An extensive literature search was conducted to collect the secondary data; and these were supplemented by primary data via a questionnaire survey. These were then distributed to contractors, who were conveniently sampled in Gauteng (South Africa). The data were analysed by using the Mean-Item Score (MIS). Findings: A total of twelve risk-identification techniques were identified, of which checklist, flowchart and brainstorming were rated as the most used risk-identification techniques in construction projects in Gauteng. Research limitations: This research was conducted only with considered contractors in the Gauteng province. Further research could include an increased target population more representative of the South African construction industry. Practical implications: Practitioners and researchers are likely to find the study useful; as it discusses the risk-identification techniques used in construction; and in particular, it seeks to report empirically on the techniques mostly applied in identifying risks in construction projects. Valuable information about current risk-identification techniques are provided...
- Full Text:
Investigating the factors, risks and challenges impacting cloud computing services adoption rate across all the sectors
- Authors: Shisane, Fanie
- Date: 2018
- Subjects: Cloud computing , Cloud computing - Management , Risk management
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/286053 , uj:30946
- Description: M.Phil. (Engineering Management) , Abstract: It is anticipated that in the next five years almost all aspects or services of Information Technology (IT) will definitely be dynamic, movable, and interactive. This refers to data accessibility, workload, and all other computing needs including resources. IT companies and organizations will be migrating IT infrastructure, services, data, and software applications to Cloud services rapidly. Manufacturing and engineering companies will definitely seek to optimize their Information Technology (IT) environments and reduce high operational costs by adopting Cloud computing services at a rapid rate. Moreover, it is projected that customers and end users will store and access hundreds of gigabytes of data. Cloud computing is considered to be the best recent technology invention to fast track this gap. Cloud services provide efficient IT services and facilitate on-demand access to shared pools of various computing resources. As a result of these profound changes, all aspects of traditional Information Security (IS), control standards and performance will be challenged, especially engineering systems (Manufacturing, electronic, electrical, and control), engineering services, engineering processes, legacy applications and on–premises systems. Furthermore, there are factors and risks impacting Cloud computing services adoption rate that needs to be considered rigorously. The primary objective of the study mainly focuses on investigating the factors affecting Cloud computing adoption rate and risks associated with Cloud computing services adoption across board including engineering and manufacturing sectors or domains. Furthermore, the study assesses the impact this has on Information Technology (IT) services, engineering systems (Manufacturing, electronic, electrical and control), process instrumentation and engineering services. The study begins by introducing Cloud computing concept, and provides the background of Cloud computing. Secondly, it introduces the research problem, objectives and maps the dissertation outline. In line with the main objective, this research study also reviews existing information security policies, control standards and guidelines that should be adopted to secure IT systems and Cloud services. The study was mainly guided by literature review of previous studies (Peer reviewed articles, books, journals, reports and surveys). Therefore, an extensive systematic literature review research methodology method was applied on research articles that reported on factors affecting adoption of Cloud computing services and the risks impacting Cloud computing implementation to collect and analyse data. Moreover, Cloud computing’s reports prepared by reputable organizations are derived as part of other sources. These reports are then selected and evaluated to determine the current status of Cloud computing adoption and establish factors slowing Cloud adoption rate with an aim to assist potential Cloud services adopters.
- Full Text:
- Authors: Shisane, Fanie
- Date: 2018
- Subjects: Cloud computing , Cloud computing - Management , Risk management
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/286053 , uj:30946
- Description: M.Phil. (Engineering Management) , Abstract: It is anticipated that in the next five years almost all aspects or services of Information Technology (IT) will definitely be dynamic, movable, and interactive. This refers to data accessibility, workload, and all other computing needs including resources. IT companies and organizations will be migrating IT infrastructure, services, data, and software applications to Cloud services rapidly. Manufacturing and engineering companies will definitely seek to optimize their Information Technology (IT) environments and reduce high operational costs by adopting Cloud computing services at a rapid rate. Moreover, it is projected that customers and end users will store and access hundreds of gigabytes of data. Cloud computing is considered to be the best recent technology invention to fast track this gap. Cloud services provide efficient IT services and facilitate on-demand access to shared pools of various computing resources. As a result of these profound changes, all aspects of traditional Information Security (IS), control standards and performance will be challenged, especially engineering systems (Manufacturing, electronic, electrical, and control), engineering services, engineering processes, legacy applications and on–premises systems. Furthermore, there are factors and risks impacting Cloud computing services adoption rate that needs to be considered rigorously. The primary objective of the study mainly focuses on investigating the factors affecting Cloud computing adoption rate and risks associated with Cloud computing services adoption across board including engineering and manufacturing sectors or domains. Furthermore, the study assesses the impact this has on Information Technology (IT) services, engineering systems (Manufacturing, electronic, electrical and control), process instrumentation and engineering services. The study begins by introducing Cloud computing concept, and provides the background of Cloud computing. Secondly, it introduces the research problem, objectives and maps the dissertation outline. In line with the main objective, this research study also reviews existing information security policies, control standards and guidelines that should be adopted to secure IT systems and Cloud services. The study was mainly guided by literature review of previous studies (Peer reviewed articles, books, journals, reports and surveys). Therefore, an extensive systematic literature review research methodology method was applied on research articles that reported on factors affecting adoption of Cloud computing services and the risks impacting Cloud computing implementation to collect and analyse data. Moreover, Cloud computing’s reports prepared by reputable organizations are derived as part of other sources. These reports are then selected and evaluated to determine the current status of Cloud computing adoption and establish factors slowing Cloud adoption rate with an aim to assist potential Cloud services adopters.
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How to manage risk and uncertainty in projects : a comparative multiple-case study
- Authors: Dubazane, Mandiseni Mbuso
- Date: 2014-03-25
- Subjects: Risk management , Project management
- Type: Thesis
- Identifier: uj:4478 , http://hdl.handle.net/10210/9818
- Description: M.Ing. (Engineering Management) , Risk and uncertainty are very closely linked; they are recognized as threats arising from unclear causes and effects of the project. Risk and uncertainty management has always been acknowledged as a very important aspect of project management and is mostly used to accomplish project objectives. These objectives are; quality, cost, time, safety and environmental sustainability. A majority of researchers have focused on other characteristics of risks and uncertainty management rather than a comprehensive method which encompasses developing risk management plan, identify, and analyze the likelihood of its occurrence and consequence should it happen. The common challenges still experienced in project environment are; use of improper project management methodology, stake holder interference in the decision making process, complexity of the project, and changing requirements and management. This study seeks to look at how risk and uncertainty can be successfully managed within project environment. Through case studies this research will also look at how does improper risk management plan affect the project, and the consequences of stakeholder interference in the decision making process. The report presents project risk management approach of two projects carried out in the same organisation. The project A was executed by a project manager from the Project Management Office (PMO) in accordance with the project management methodology, while the execution of project B was highly influenced by a client/sponsor with no regard of the approved project management methodology. The selected projects both involved equipment replacement in which the main deliverables are supply and delivery of the final product. A description of the project risk management approach and analysis of data collected for each case study are followed by a comparison of two project risk management processes applied in case studies. This study will finally draw the conclusion and make recommendations based on its findings.
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- Authors: Dubazane, Mandiseni Mbuso
- Date: 2014-03-25
- Subjects: Risk management , Project management
- Type: Thesis
- Identifier: uj:4478 , http://hdl.handle.net/10210/9818
- Description: M.Ing. (Engineering Management) , Risk and uncertainty are very closely linked; they are recognized as threats arising from unclear causes and effects of the project. Risk and uncertainty management has always been acknowledged as a very important aspect of project management and is mostly used to accomplish project objectives. These objectives are; quality, cost, time, safety and environmental sustainability. A majority of researchers have focused on other characteristics of risks and uncertainty management rather than a comprehensive method which encompasses developing risk management plan, identify, and analyze the likelihood of its occurrence and consequence should it happen. The common challenges still experienced in project environment are; use of improper project management methodology, stake holder interference in the decision making process, complexity of the project, and changing requirements and management. This study seeks to look at how risk and uncertainty can be successfully managed within project environment. Through case studies this research will also look at how does improper risk management plan affect the project, and the consequences of stakeholder interference in the decision making process. The report presents project risk management approach of two projects carried out in the same organisation. The project A was executed by a project manager from the Project Management Office (PMO) in accordance with the project management methodology, while the execution of project B was highly influenced by a client/sponsor with no regard of the approved project management methodology. The selected projects both involved equipment replacement in which the main deliverables are supply and delivery of the final product. A description of the project risk management approach and analysis of data collected for each case study are followed by a comparison of two project risk management processes applied in case studies. This study will finally draw the conclusion and make recommendations based on its findings.
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The use of cell captives to manage financial risks
- Authors: Bakker, Daniel
- Date: 2010-11-22T07:55:04Z
- Subjects: Risk management , Finance
- Type: Thesis
- Identifier: uj:7007 , http://hdl.handle.net/10210/3515
- Description: M.Comm. , Every modern-day company is faced with challenges on a daily basis to improve its performance. This challenge stretches further than the financial target that is received from the shareholders every year and boils right down to the day to day operations of a company. How does the company perform according to the market, does the company have a uniqueness that will allow for a competitive advantage, how can costs be reduced in order to create value in terms of shareholders and how to stay the blueprint company with its competitors seen as followers. The objective of this study is to determine the effect that financial risk management in terms of a cell captive insurance facility has on a company, especially the financial side and ultimately to provide a framework on the implementation of a cell captive insurance facility. A cell captive insurance facility stems from the self insurance principle and is tailored to a unique product offered by various insurance companies. It enables a company to insure its frequent losses at a lower premium than the insurance market and all surpluses resulting from the Captive can be regarded as profit to the owner of the captive or used to lower the following year's contribution. In order to obtain a Cell Captive's insurance facility, a company must purchase shares in an insurance company, known as a sponsor, and hereby receive certain insurance amenities. The captive that is now formed enables a company to insure all business related activities against possible risks with a further extension of the definition 'business related activities'. Due to the unlikely event to completely self insure, with regards to the cost implication and bearing the size of the captive in mind to cover all possible financial losses, an underwritten agreement between the cell captive owner and the sponsor insurance company should cater for all catastrophic risks which protects the captive from collapsing, due to a massive loss. With the creation of a cell captive insurance facility, the owner of the captive can extend on all its business related activities and offer insurance products to its employees and clients, with a reasonably reduce rate compared to the insurance market. The success of theses products can be so-good that the financial impact on the captive proofs the products to be self-reliant and even generates an income for the cell captive insurance facility. As a result of the objective to implement effective risk management via a cell captive insurance facility and to create profit by doing so, the results of the Vodacom Group was used in order to emphasize the successfulness of a cell captive insurance facility. Vodacom Group saved or rather refer to the term as "created" a net underwriting profit that amounts to R 3,385,275 in the first three months by using its Cell Captive Insurance Facility. Thats more than enough to prove the financial gain, but the company also benefited from the fact that it now has the ability to educate its managers and their management styles. The captive can no act as the focal point of the Group's risk management effort, by focusing the minds of senior management on the causes of claims and means to combat that.
- Full Text:
- Authors: Bakker, Daniel
- Date: 2010-11-22T07:55:04Z
- Subjects: Risk management , Finance
- Type: Thesis
- Identifier: uj:7007 , http://hdl.handle.net/10210/3515
- Description: M.Comm. , Every modern-day company is faced with challenges on a daily basis to improve its performance. This challenge stretches further than the financial target that is received from the shareholders every year and boils right down to the day to day operations of a company. How does the company perform according to the market, does the company have a uniqueness that will allow for a competitive advantage, how can costs be reduced in order to create value in terms of shareholders and how to stay the blueprint company with its competitors seen as followers. The objective of this study is to determine the effect that financial risk management in terms of a cell captive insurance facility has on a company, especially the financial side and ultimately to provide a framework on the implementation of a cell captive insurance facility. A cell captive insurance facility stems from the self insurance principle and is tailored to a unique product offered by various insurance companies. It enables a company to insure its frequent losses at a lower premium than the insurance market and all surpluses resulting from the Captive can be regarded as profit to the owner of the captive or used to lower the following year's contribution. In order to obtain a Cell Captive's insurance facility, a company must purchase shares in an insurance company, known as a sponsor, and hereby receive certain insurance amenities. The captive that is now formed enables a company to insure all business related activities against possible risks with a further extension of the definition 'business related activities'. Due to the unlikely event to completely self insure, with regards to the cost implication and bearing the size of the captive in mind to cover all possible financial losses, an underwritten agreement between the cell captive owner and the sponsor insurance company should cater for all catastrophic risks which protects the captive from collapsing, due to a massive loss. With the creation of a cell captive insurance facility, the owner of the captive can extend on all its business related activities and offer insurance products to its employees and clients, with a reasonably reduce rate compared to the insurance market. The success of theses products can be so-good that the financial impact on the captive proofs the products to be self-reliant and even generates an income for the cell captive insurance facility. As a result of the objective to implement effective risk management via a cell captive insurance facility and to create profit by doing so, the results of the Vodacom Group was used in order to emphasize the successfulness of a cell captive insurance facility. Vodacom Group saved or rather refer to the term as "created" a net underwriting profit that amounts to R 3,385,275 in the first three months by using its Cell Captive Insurance Facility. Thats more than enough to prove the financial gain, but the company also benefited from the fact that it now has the ability to educate its managers and their management styles. The captive can no act as the focal point of the Group's risk management effort, by focusing the minds of senior management on the causes of claims and means to combat that.
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Extreme conditional value-at-risk : a scenario for risk management
- Authors: Mhlanga, Isaah Alexy
- Date: 2013-09-17
- Subjects: Risk management , Global Financial Crisis, 2008-2009 , Financial crises , Value at risk , Extreme value theory
- Type: Thesis
- Identifier: uj:7743 , http://hdl.handle.net/10210/8613
- Description: M.Comm. (Financial Economics) , Systemically important international institutions that were too “big to fail” such as American International Group, Citi Group, Merrily Lynch, UBS and MF Global to name a few, were bailed out from their financial problems by their respective government. Besides the immediate substantial financial costs that were incurred globally, banking sector problems associated with the US mortgage-backed securities spread to other countries and had a significant negative impact on their real economies – many countries went into recession, unemployment increased and production levels declined. It is now 2012, three years after the crisis and global economic activity is yet to return to pre-crisis levels. Given the substantial losses that were incurred globally and claims that the financial crisis was caused by the failure of risk management, an investigation of the inadequacies of risk management as a discipline that developed to safeguard the world from such financial havoc is not only necessary but undoubtedly required. Therefore, this mini-dissertation investigate the inadequacy of risk management, specifically, the inadequacy of current models that are used to estimate market risk. Traditional Value-at-Risk (VaR) models and two extreme value theory (EVT) distribution models: the generalised extreme value distribution (GEV) and the generalised Pareto distribution (GPD) are used to estimate potential losses in order to evaluate the appropriate model for estimating losses in extreme market volatility. The main findings are that EVT-based models accurately estimates both downside and upside losses during extreme market volatility, and therefore must be used as internal bank models for market risk.
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- Authors: Mhlanga, Isaah Alexy
- Date: 2013-09-17
- Subjects: Risk management , Global Financial Crisis, 2008-2009 , Financial crises , Value at risk , Extreme value theory
- Type: Thesis
- Identifier: uj:7743 , http://hdl.handle.net/10210/8613
- Description: M.Comm. (Financial Economics) , Systemically important international institutions that were too “big to fail” such as American International Group, Citi Group, Merrily Lynch, UBS and MF Global to name a few, were bailed out from their financial problems by their respective government. Besides the immediate substantial financial costs that were incurred globally, banking sector problems associated with the US mortgage-backed securities spread to other countries and had a significant negative impact on their real economies – many countries went into recession, unemployment increased and production levels declined. It is now 2012, three years after the crisis and global economic activity is yet to return to pre-crisis levels. Given the substantial losses that were incurred globally and claims that the financial crisis was caused by the failure of risk management, an investigation of the inadequacies of risk management as a discipline that developed to safeguard the world from such financial havoc is not only necessary but undoubtedly required. Therefore, this mini-dissertation investigate the inadequacy of risk management, specifically, the inadequacy of current models that are used to estimate market risk. Traditional Value-at-Risk (VaR) models and two extreme value theory (EVT) distribution models: the generalised extreme value distribution (GEV) and the generalised Pareto distribution (GPD) are used to estimate potential losses in order to evaluate the appropriate model for estimating losses in extreme market volatility. The main findings are that EVT-based models accurately estimates both downside and upside losses during extreme market volatility, and therefore must be used as internal bank models for market risk.
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The importance of project risk management process in Information Technology projects
- Authors: Mtshali, Sophie Nomusa
- Date: 2018
- Subjects: Project management , Risk management , Information technology - Risk management
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/272610 , uj:29028
- Description: M.Com. (Business Management) , Abstract: Risk management has increasingly become a crucial aspect of project success in the Information Technology industry. Risks are no longer seen from the narrow perspective of physical harm; but the narrative has evolved to include unforeseen circumstances and effects on all stakeholders and planned outputs of the project. In financial terms, it was reported that 13.8 billion SA Rands were lost to failed projects in 2011. In light of the aforementioned, this research focuses on Project Risk Management (PRM) and how it can help reduce and better manage risks inherent in all project works. Since it is expected that effective project risk management (PRM) seeks to minimize the risks inherent to projects in order for the project manager to make better-informed decisions, which will contribute to overall project success, this research asks the fundamental question: ‘is there any positive relationship between PRM and project success in the IT industry?’ To answer the research question, this study takes a pragmatic approach using the quantitative method of data collection. Surveys were distributed among 100 project managers and coordinators within the IT environment in South Africa, 65 valid responses were received. Descriptive analysis was conducted on the findings and the results are presented in themes according to the objectives of the study. One of the research conclusion is that the most significant factors limiting the use of PRM methodologies with the respondents is not organisational culture as expected, rather ‘lack of subject matter expertise in project management’ on the part of the project managers. It was ultimately concluded that there is a strong relationship between PRM and project success. If risks can be reduced in a project, the chances of success increases. Lastly, it was seen that within the scope of the research, PRM has a positive impact with project being completed on schedule (or earlier) and within or below budget. The research is however not without its own inherent limitations; one of which is the fact that the study is a once-off experience and cannot envisage changes in the IT project success while using different project management strategies. A longitudinal study would have helped prevent against this.
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- Authors: Mtshali, Sophie Nomusa
- Date: 2018
- Subjects: Project management , Risk management , Information technology - Risk management
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/272610 , uj:29028
- Description: M.Com. (Business Management) , Abstract: Risk management has increasingly become a crucial aspect of project success in the Information Technology industry. Risks are no longer seen from the narrow perspective of physical harm; but the narrative has evolved to include unforeseen circumstances and effects on all stakeholders and planned outputs of the project. In financial terms, it was reported that 13.8 billion SA Rands were lost to failed projects in 2011. In light of the aforementioned, this research focuses on Project Risk Management (PRM) and how it can help reduce and better manage risks inherent in all project works. Since it is expected that effective project risk management (PRM) seeks to minimize the risks inherent to projects in order for the project manager to make better-informed decisions, which will contribute to overall project success, this research asks the fundamental question: ‘is there any positive relationship between PRM and project success in the IT industry?’ To answer the research question, this study takes a pragmatic approach using the quantitative method of data collection. Surveys were distributed among 100 project managers and coordinators within the IT environment in South Africa, 65 valid responses were received. Descriptive analysis was conducted on the findings and the results are presented in themes according to the objectives of the study. One of the research conclusion is that the most significant factors limiting the use of PRM methodologies with the respondents is not organisational culture as expected, rather ‘lack of subject matter expertise in project management’ on the part of the project managers. It was ultimately concluded that there is a strong relationship between PRM and project success. If risks can be reduced in a project, the chances of success increases. Lastly, it was seen that within the scope of the research, PRM has a positive impact with project being completed on schedule (or earlier) and within or below budget. The research is however not without its own inherent limitations; one of which is the fact that the study is a once-off experience and cannot envisage changes in the IT project success while using different project management strategies. A longitudinal study would have helped prevent against this.
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'n Kwantitatiewe en kwalitatiewe waardebepaling van ondernemingsrisiko en -mislukking
- Authors: Mostert, Marius
- Date: 2015-03-18
- Subjects: Business failures , Business enterprises - Finance , Risk management
- Type: Thesis
- Identifier: uj:13439 , http://hdl.handle.net/10210/13477
- Description: D.Com. (Business Management) , Please refer to full text to view abstract
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- Authors: Mostert, Marius
- Date: 2015-03-18
- Subjects: Business failures , Business enterprises - Finance , Risk management
- Type: Thesis
- Identifier: uj:13439 , http://hdl.handle.net/10210/13477
- Description: D.Com. (Business Management) , Please refer to full text to view abstract
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The implications of project risk management maturity on information technology success
- Authors: Omphile, Wazha
- Date: 2012-06-05
- Subjects: Project management , Risk management , Information technology management
- Type: Thesis
- Identifier: uj:2436 , http://hdl.handle.net/10210/4895
- Description: M.Tech. , The question whether risk management contributes to project success is considered relevant considering the long history and high rates of failure in Information Technology (IT) projects. Much work and research has been done to investigate the relationship between risk management and project success but very few studies provide empirical evidence to substantiate the claims made on the relationship between these two concepts. Poor risk management has been associated with project failure while the question whether good risk management results in project success still cannot be unequivocally answered. The goal of this study is therefore to investigate the implications of project risk management maturity on project success in the South African telecommunications industry. To achieve the goal of this research a literature review was carried out to unearth the research questions relevant to this study. A survey questionnaire was compiled and sent out to IT project managers in the telecommunications industry in Gauteng, South Africa. The questionnaire gathered quantitative data from a purposive sample large enough to produce the results needed for this research. The questionnaire evaluated the risk management maturity of organisations in the telecommunications industry. It also determined definitions of project success that are prevalent in the industry and ranked factors that influence project outcomes. Furthermore, the questionnaire set out to establish current IT project success and failure rates in the telecommunications industry. This data was then analysed and conclusions drawn about risk management maturity and project success. Recommendations to the telecommunications industry were made based on the findings of the data analysis. The purpose of a literature study in this research was to provide clarity and focus for the research problem. It also broadened the researcher’s knowledge about the specific research area, thus allowing the researcher to become acquainted with the available body of knowledge regarding why and how risk management is associated with project success or failure. The quantitative research approach was used as it is on the basis of quantitative data that a correlation between risk management maturity and project success can be determined. A survey questionnaire was used as it provided anonymity, confidentiality and ease of administration. The findings of the research indicate that risk management maturity in the telecommunications industry is low. Organisations that claim higher levels of risk management maturity also have higher rates of IT project success. However this correlation is not significant when the responses are considered out of the organisational context. This is an indication that the organisational environment plays a role in determining project outcomes. The delivery of business benefits and customer satisfaction are more important than the traditional view of measuring project success by time, budget and scope/quality. Furthermore, communication within the project team and between team members and the customer has been found to be necessary for the delivery of successful IT projects. The improvement of risk management practices increases the chances of project success. Organisational effort in improving risk management practices does yield positive project outcomes. This research highlights areas for further investigation in the study of the relationship between risk management and project success.
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- Authors: Omphile, Wazha
- Date: 2012-06-05
- Subjects: Project management , Risk management , Information technology management
- Type: Thesis
- Identifier: uj:2436 , http://hdl.handle.net/10210/4895
- Description: M.Tech. , The question whether risk management contributes to project success is considered relevant considering the long history and high rates of failure in Information Technology (IT) projects. Much work and research has been done to investigate the relationship between risk management and project success but very few studies provide empirical evidence to substantiate the claims made on the relationship between these two concepts. Poor risk management has been associated with project failure while the question whether good risk management results in project success still cannot be unequivocally answered. The goal of this study is therefore to investigate the implications of project risk management maturity on project success in the South African telecommunications industry. To achieve the goal of this research a literature review was carried out to unearth the research questions relevant to this study. A survey questionnaire was compiled and sent out to IT project managers in the telecommunications industry in Gauteng, South Africa. The questionnaire gathered quantitative data from a purposive sample large enough to produce the results needed for this research. The questionnaire evaluated the risk management maturity of organisations in the telecommunications industry. It also determined definitions of project success that are prevalent in the industry and ranked factors that influence project outcomes. Furthermore, the questionnaire set out to establish current IT project success and failure rates in the telecommunications industry. This data was then analysed and conclusions drawn about risk management maturity and project success. Recommendations to the telecommunications industry were made based on the findings of the data analysis. The purpose of a literature study in this research was to provide clarity and focus for the research problem. It also broadened the researcher’s knowledge about the specific research area, thus allowing the researcher to become acquainted with the available body of knowledge regarding why and how risk management is associated with project success or failure. The quantitative research approach was used as it is on the basis of quantitative data that a correlation between risk management maturity and project success can be determined. A survey questionnaire was used as it provided anonymity, confidentiality and ease of administration. The findings of the research indicate that risk management maturity in the telecommunications industry is low. Organisations that claim higher levels of risk management maturity also have higher rates of IT project success. However this correlation is not significant when the responses are considered out of the organisational context. This is an indication that the organisational environment plays a role in determining project outcomes. The delivery of business benefits and customer satisfaction are more important than the traditional view of measuring project success by time, budget and scope/quality. Furthermore, communication within the project team and between team members and the customer has been found to be necessary for the delivery of successful IT projects. The improvement of risk management practices increases the chances of project success. Organisational effort in improving risk management practices does yield positive project outcomes. This research highlights areas for further investigation in the study of the relationship between risk management and project success.
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Enterprise risk management as a business enabler
- Du Plessis, Julian Lesley Nebreska
- Authors: Du Plessis, Julian Lesley Nebreska
- Date: 2012-06-05
- Subjects: Enterprise risk management , Risk management , First National Bank of Southern Africa , Financial risk management
- Type: Thesis
- Identifier: uj:2424 , http://hdl.handle.net/10210/4884
- Description: M.Phil. , The premise of this research study was to study the phenomenon of Enterprise Risk Management (ERM) in order to understand the processes and practices of risk management within First National Bank (FNB). Risk management became a favourite topic for discussion in the aftermath of the Global Financial Crisis (GFC). Some analysts, chief financial officers and observers have noted that risk management is to blame for the economic recession and myriad of bank failures that ensue. However, the intention of this research study was not to analyse the GFC or to devote itself entirely to defend risk management and risk managers.
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- Authors: Du Plessis, Julian Lesley Nebreska
- Date: 2012-06-05
- Subjects: Enterprise risk management , Risk management , First National Bank of Southern Africa , Financial risk management
- Type: Thesis
- Identifier: uj:2424 , http://hdl.handle.net/10210/4884
- Description: M.Phil. , The premise of this research study was to study the phenomenon of Enterprise Risk Management (ERM) in order to understand the processes and practices of risk management within First National Bank (FNB). Risk management became a favourite topic for discussion in the aftermath of the Global Financial Crisis (GFC). Some analysts, chief financial officers and observers have noted that risk management is to blame for the economic recession and myriad of bank failures that ensue. However, the intention of this research study was not to analyse the GFC or to devote itself entirely to defend risk management and risk managers.
- Full Text: