Scholarly record
RISK MANAGEMENT PROCESSES IN INFORMATION SYSTEMS DEVELOPMENT
Abstract
Risk management is increasingly seen as part of the concept of sustainable corporate development and improvement. It is a logical process or approach that aims to eliminate or at least reduce the level of risk that accompanies the implementation of company policy and achievement of organizational goals. Risk management is part of the managerial responsibility that bears every head of a business or public organization. That is why the issue of optimal risk management policy is particularly important. In this way, the question of how much and how to manage the risks to commit enough, but not more than the effective level of resources, should be answered, because the latter is directly related to competitiveness and hence the ability to sustainable development in general. On the other hand, if the resources engaged in risk management are insufficient, the realization of risks will frustrate the sustainability of development, and in extreme cases, the existence of the enterprise. Risk management improves understanding of the potential variability of factors that may affect a particular environment. This increases the likelihood of success and reduces both the likelihood of failure and the level of uncertainty associated with achieving the organization's goals.
Publication Impact Profile
Publication details
References15
A structured approach to Enterprise Risk Management (ERM) and the requirements of ISO 31000, AIRMIC, Alarm, IRM. 2010.
Domokos L., Nyéki M., Jakovác K., Németh E., Hatvani C. Risk Analysis and Risk Management in the Public Sector and in Public Auditin, Public Finance Quarterly. Issue 1, 2015.
Garvey P.R., Analytical methods for risk management: a system's engineering perspective. CRC Taylor & Francis Group. Boca Raton. 2009.
Georgiev G., Balabanova I., Kogias P., Sadinov S., Kostadinova, S. Identification of Sine, Squire, Triangle and Sawtooth Waveforms with Uniform White and Inverse F Noises by Adaptive Neuro - Fuzzy Interface System. Journal of Engineering Science and Technology Review. 11(3), 2018, pp.128–132.
ISO/IEC 16085:2006. Systems and software engineering - Life cycle processes - Risk management, 2006.
Mitchell S. Managing Information Risk: A Director's Guide, ProQuest ebrary, 2015.
Odzaly E., Greer D.,Sage P. Software Risk Management Barriers: an Empirical Study. Third International Symposiumm on Empirical Software Engineering and Measurement. October 15-16, 2009.
Pashev G., Rusenova L., Totkov G., Gaftandzhieva S. Business Process Modelling & Execution Application in Work Education Domain. TEM Journal. 8(3), 2019, pp.992- 997.
Petrov P., Dimitrov G., Ivanov S. A Comparative Study on Web Security Technologies Used in Irish and Finnish Banks. 18 International Multidisciplinary Scientific Geoconference SGEM 2018: Conference Proceedings. 18(2.1), 2018, pp.3-10.
Petrov P., Ivanov S., Dimitrov P., Dimitrov G., Bychkov O. Projects Management in Technology Start-ups for Mobile Software Development. International Journal of Interactive Mobile Technologies (iJIM). 15(7), 2021, pp.194-201. DOI: 10.3991/ijim.v15i07.19291
Petrov P., Malkawi R., Shichkin A., Dimitrov G., Nacheva R. Security Certificates Used in Public Web Sites of Banks in Czech Republic, Slovakia and Hungary. TEM Journal. 8(4), 2019, pp.1224-1231.
Radev M. Organizational Variants of IT Department at the University. Information and Communication Technologies in Business and Education: Proceedings of the International Conference Dedicated to the 50th Anniversary of the Department of Informatics, Varna: Science and Economic Publ. House, 2019, pp.284-290.
Radev M., Aleksandrova Y. Combining Virtualization Technologies in SOA-Application. 3rd International Conference on Application of Information and Communication Technology and Statistics in Economy and Education: ICAICTSEE - 2013: Conference Proceedings. 2013, pp.56-61.
Stoev S. Using of additional packages of components for accelerated application development. Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series. 8(2), 2019, pp.171-179.
Valov N., Valova I. Drying process management laboratory with remote access. 16th International Conference on Information Technology Based Higher Education and Training (ITHET). 2017, pp.1-6, DOI: 10.1109/ITHET.2017.8067800.
View or Download full articleAccess options
SWS access login
Login as SWS Scientific CommitteeLogin as SWS Scientific PartnerLogin as SWS AuthorAuthors and approved SWS contributors will read and export their own linked papers after identity matching by SWS profile, email and SGEM GlobalID.
For librarian assistance: [email protected]
Purchase Instant Access
- Article can be downloaded after successful payment.
- Article may be used according to SWS library access terms.
- Article cannot be redistributed.
