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Business Process Management
BPM and Risk Management
Tags :
management information systems, risk management, enterprise risk management, risk analysis, operational risk, business process, bpm,
Industry :
Technology Consulting
Functional Area : Business Processes |
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About "BPM and Risk Management" topic:
Risk is an inherent property of every business process and techniques are needed to identify, represent and analyze business process risks. Let us address the topic of risk management in the context of business process management. Please share your thoughts on this........
2 trends
, 2 insight
, 1 debates
, 1 idea contests
on topic: "BPM and Risk Management"
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Yes, there is not enough practice of RM in India, if so why?
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No, there is enough awareness and practice. If so, how?
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Mohit Trivedi
| Argues in support of
"No, there is enough awareness and practice. If so, how?"
| 2 years ago
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If you talk about the institutes for Risk Management then i am not sure but i think it should be in build in a person.A risk taker is born for taking risk.I can give one live example, not from industry, it is from sports. Sehwag an indian batsman...
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RAMESH KANDADAI
| Argues in support of
"Yes, there is not enough practice of RM in India, if so why?"
| 2 years ago
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Thanks Samir, I am trying to get a sense of the stage of risk mgmt in India. It would be nice if more people from a wider spectrum responded. Please feel free to refer the debate to your colleagues.
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Samir Das
| Argues in support of
"Yes, there is not enough practice of RM in India, if so why?"
| 2 years ago
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A number of cases have occurred in the recent past which very well brings to light the lack of foresight and pro-activity on the part of the management in managing risk. Risk management is an integral part of managing a business. A company...
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Debate: "Practice of Risk Management" deleted from your view.
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By making risk management part of your day to day operations.
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Prioritise your risks
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anjani nandan
| Supported idea
"Prioritise your risks"
| 2 years ago
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it is necessary to prioroties the risk and according to basis of priority we have to treat the risk one by one , all risk are not related to loss , as we know that risk is the reward of entrpreneur so always ready to accept the risk and try to...
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RAMESH KANDADAI
| Supported idea
"By making risk management part of your day to day operations."
| 2 years ago
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I must agree with Ms.KAldeen and go one step further. Proper risk management involves upfront listing, timing, assessment, mitigation plans, implementation of mitigation steps, tracking the risk and closing it out with a lessons learnt aspect....
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Devi Kaladeen
| Supported idea
"By making risk management part of your day to day operations."
| 3 years ago
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Proper project risk management entails more than simply identification and analysis at the beginning of a project. Risk management must be integrated into the project plan, consistently applied, and clearly communicated throughout the life cycle...
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Ideate: "How will you apply risk management successfully in your project ?" deleted from your view.
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Managing risk is an old habit of human beings. In our day-to-day life, we seem to always be worried about future risks. As a result, we end up investing in insurance or other investment instruments to secure ourselves against those unseen risks.Accidents, environmental disasters, bankruptcy, loss in business and death are risks that have plagued us since time immemorial. Generally, we cannot get a complete shield against any potential risk, but we can adopt appropriate proactive measures to mitigate every risk. The same concept applies to the financial services industry too. However, managing risk individually seems to be less talked about today, while enterprise-wide risk management (EWRM)...
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Susanta Panda
| Commented
| 4 years ago
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All business leaders are embracing the discipline of enterprise risk management in the planning and assessment of strategic objectives, and the monitoring and reporting on risks associated with those objectives. So it is a important aspect to...
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Trends: "Enterprise risk management" deleted from your view.
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Financial institutions need sophisticated risk management software systems to enable them to measure, monitor and report their exposures. The need for effective risk management has become increasingly important with the emergence of global financial enterprises, increased cross-border trading and a growth in the use of complex financial instruments. Mounting regulation and the development of new risk management standards, such as the Basel II capital adequacy rules for banks, have accompanied these trends. Financial institutions look for software systems that automate the trading process - from initial deal capture to settlement - to reduce the risk of error and transaction failure. And they...
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Prasanta Sahu
| Commented
| 3 years ago
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Risk management software can help the organisation get where the management want it to go avoiding different risks involved in different domain.
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Darpan Sinha
| Commented
| 3 years ago
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There can me diffrent risks for diffrent domains and even for financial the risk varies for diffrent regions
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Insight: "Risk Management Software" deleted from your view.
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Well the use of technology by using company's security dollars is much in use Establishing technology standards may be easy but how to effectively use them :- Step 1: Understand and define your information risk universe To develop a comprehensive information risk management (IRM) framework, CISOs must first define their responsibilities. For example, Forrester Research's framework consists of 17 domains that span people, processes and technology. But defining these domains by themselves will be useless unless each domain has appropriate controls to ensure confidentiality, integrity and availability of information. Step 2: Determine confidentiality, integrity and availability requirements No...
Insight: "Five steps to building information risk management frameworks" deleted from your view.
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On October 2, 2008 Pegasystems announced a version of its suite it calls “BPM Platform as a Service (PaaS).” Its business process management (BPM) suite was architected and built for multiple instances although that feature hasn’t meant a lot to most BPM users in general because they tend to install BPM departmentally, in “silos,” as Pegasystems characterizes it. This Pegasystems capability was even “certified” by IBM a few years back when IBM was calling “cloud computing” “grid computing” ( Despite IBM’s playing three-card monte with the concept, Pegasystems’ technical achievement is non-trivial. This feature allowed Pega to make some changes to its execution engine to allow different JVMs...
Trends: "What is all the new Pegasystems's "BPM PaaS" all about?" deleted from your view.
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In many ways, a manager has to be a leader, so therefore a manager will have many of the traits that a leader does. However, I feel the term 'manager' applies primarily to business, it's in a manager's best interest to lead his co-workers effectively, encouraging them to achieve their goals and targets. In my experience, a leader is more of a social thing; more associated with team work, too. Go to Discussion http://lnkd.in/wUJe5E
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