RISK MANAGEMENT IMPLEMENTATION IN SERVICE COMPANIES
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Makarchuk I., Fedulova I. Implementacija ryzyk-menedzhmentu v servisnyh kompanijah. Visnyk Kyi'vs'kogo nacional'nogo torgovel'no-ekonomichnogo universtytetu. 2022. №1. S. 69-78. http://doi.org/10.31617/1.2022(141)05
JEL Classification: N01; М10; М15; М21
MAKARCHUK Ivan,
Post-graduate student of Department of management
State University of Trade and Economics
19, Kyoto St., Kyiv, 02156, Ukraine
ORCID: 0000-0001-8085-0969
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FEDULOVA Iryna,
Doctor of Sciences (Economics), Professor, Professor of the Department of management
State University of Trade and Economics
19, Kyoto St., Kyiv, 02156, Ukraine
ORCID: 0000-0002-8802-137X
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Problem. The implementation of risk management system (RMS) in the company, which will cover all areas of its activities, is one of the key tasks of top management.
The aim of the article is to determine the requirements for the enterprise’s risk management process, consider its systematic context of integration with existing business processes, and highlight the roles of the risk management committee and risk coordinator.
Results. Risk management becomes systemic in nature, and its implementation is clearly correlated with the existing business processes in the enterprise considering the integrated approach to risk assessment in service companies.
A significant role in the development of RM as a management function was played by the emergence of international risk management associations, as well as a significant increase in the number of participants in international risk management. Among the international institutions involved in the systematization of RM are COSO, FERMA and IRM. The essence of the process is a set of successive actions aimed at achieving a certain result, which involves a consistent change in the state of the object over time. In order to continuously monitor the level of risk, the company introduces the role of risk coordinator, who is in close cooperation with the risk committee.
Conclusions. The paper examines the system context of integration of risk management with the existing business processes at the enterprise. The authors identified and considered the main requirements to the process of risk management organization at the enterprise, in service companies in the field of information technology; analyzedthe roles of the risk management committee and the risk coordinator.
Keywords: risk management, risk management process, risk committee, risk policy, risk standard, risk coordinator.
Makarchuk I., Fedulova I. Implementacija ryzyk-menedzhmentu v servisnyh kompanijah. Visnyk Kyi'vs'kogo nacional'nogo torgovel'no-ekonomichnogo universtytetu. 2022. №1. S. 69-78. http://doi.org/10.31617/1.2022(141)05
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DOI: http://doi.org/10.31617/1.2022(141)05
JEL Classification: N01; М10; М15; М21
MAKARCHUK Ivan,
Post-graduate student of Department of management
State University of Trade and Economics
19, Kyoto St., Kyiv, 02156, Ukraine
ORCID: 0000-0001-8085-0969
Ця електронна адреса захищена від спам-ботів. вам потрібно увімкнути JavaScript, щоб побачити її.
FEDULOVA Iryna,
Doctor of Sciences (Economics), Professor, Professor of the Department of management
State University of Trade and Economics
19, Kyoto St., Kyiv, 02156, Ukraine
ORCID: 0000-0002-8802-137X
Ця електронна адреса захищена від спам-ботів. вам потрібно увімкнути JavaScript, щоб побачити її.
RISK MANAGEMENT IMPLEMENTATION IN SERVICE COMPANIES
Introduction. Conditions of uncertainty are marked by the realities of time and business, so risk management has a systematic approach. The number of enterprises, that implement risk management as a system that includes all stages of identification, assessment, and work with risks, is growing every year.Problem. The implementation of risk management system (RMS) in the company, which will cover all areas of its activities, is one of the key tasks of top management.
The aim of the article is to determine the requirements for the enterprise’s risk management process, consider its systematic context of integration with existing business processes, and highlight the roles of the risk management committee and risk coordinator.
Results. Risk management becomes systemic in nature, and its implementation is clearly correlated with the existing business processes in the enterprise considering the integrated approach to risk assessment in service companies.
A significant role in the development of RM as a management function was played by the emergence of international risk management associations, as well as a significant increase in the number of participants in international risk management. Among the international institutions involved in the systematization of RM are COSO, FERMA and IRM. The essence of the process is a set of successive actions aimed at achieving a certain result, which involves a consistent change in the state of the object over time. In order to continuously monitor the level of risk, the company introduces the role of risk coordinator, who is in close cooperation with the risk committee.
Conclusions. The paper examines the system context of integration of risk management with the existing business processes at the enterprise. The authors identified and considered the main requirements to the process of risk management organization at the enterprise, in service companies in the field of information technology; analyzedthe roles of the risk management committee and the risk coordinator.
Keywords: risk management, risk management process, risk committee, risk policy, risk standard, risk coordinator.
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