Improvement of enterprise risk visualization: risk mapping
DOI:
https://doi.org/10.15587/2706-5448.2023.291959Keywords:
risk mapping, assessment, improvement, sustainable management, managing risks, health and safety at workAbstract
The object of the study is the risks that disrupt the accomplishment of any enterprise's missions. Therefore, mastering these risks is a significant asset for organizations and the overall health of the enterprise. Thus, working comprehensively on organizational risk prevention enables the enterprise to formulate a strategy aimed at guarding against all risk factors. Simultaneously, it identifies areas where more targeted actions need to be undertaken, potentially leading to positive changes within the company. To achieve this and allow for a robust and reliable assessment for better governance of harmful elements in the enterprise, we have used the risk mapping method. It is a data visualization tool aimed at highlighting vulnerabilities in various processes and activities that an organization faces, even allowing for informed decisions to prevent and cope with risks. Risk mapping is defined as the approach of identifying, evaluating, prioritizing, and managing risks inherent in an enterprise's activities. It even delves into a thorough investigation of all managerial, operational, and support processes that activities require implementing. This mapping technique is based on an objective, structured, and documented description of existing risks. The assessment allows for a more detailed analysis of initial and residual risks at all levels of the enterprise, thereby facilitating the development of a prioritized action plan accompanied by an analysis of its funding. This obligation is part of a continuous improvement approach to the quality of life and working conditions, even engaging in a sustainable management process. As a case study, we have chosen to focus on the SAIDAL Group of Constantine. Through this case study, we aim to illustrate the practical implications and benefits of using risk mapping as a strategic tool for risk management in a complex organizational context. Now, having a risk map not only promotes a proactive approach to risk mitigation but also contributes to broader goals of continuous improvement and sustainable risk management practices: a necessity for any enterprise.
References
- Kharzi, R., Chaib, R., Akni, A. (2020). Prioritizing the actions to be undertaken in health and safety at work: case study region of Tiaret. International Journal of Law and Management, 62 (3), 267–275. doi: https://doi.org/10.1108/ijlma-01-2018-0009
- Kharzi, R., Chaib, R., Verzea, I., Akni, A. (2020). A Safe and Sustainable Development in a hygiene and healthy company using decision matrix risk assessment technique: a case study. Journal of Mining and Environment, 11 (2). doi: https://doi.org/10.22044/jme.2020.9156.1807
- Aven, T., Renn, O. (2018). Improving government policy on risk: Eight key principles. Reliability Engineering & System Safety, 176, 230–241. doi: https://doi.org/10.1016/j.ress.2018.04.018
- Manheim, D. (2020). The Fragile World Hypothesis: Complexity, Fragility, and Systemic Existential Risk. Futures, 122, 102570. doi: https://doi.org/10.1016/j.futures.2020.102570
- Heckmann, I., Comes, T., Nickel, S. (2015). A critical review on supply chain risk – Definition, measure and modeling. Omega, 52, 119–132. doi: https://doi.org/10.1016/j.omega.2014.10.004
- Abdi, M., Chaib, R., Verzea, I. (2020). Contribution to the occupational risk assessment for sustainable management in health and safety at work: case study. Acta Technica Napocensis Series: Applied Mathematics, Mechanics, and Engineering, 63 (4).
- Ekwere, N. (2016). Framework of effective risk management in small and medium enterprises (SMESs): a literature review. Bina Ekonomi, 20 (1), 23–46.
- Hafida, K., Rachid, C., Ahmed, B. (2017). Hazard identification and risk analysis for a reinforced concrete rolling mill. World Journal of Engineering, 14 (1), 1–6. doi: https://doi.org/10.1108/wje-11-2016-0123
- Saker, B., Chaib, R. (2022). Effective and Sustainable Management of Risk Disrupting the Supply Chain Activities: The Case of the ETRAG Company. International Journal of Performability Engineering, 18 (11), 770. doi: https://doi.org/10.23940/ijpe.22.11.p2.770780
- Reniers, G., Landucci, G., Khakzad, N. (2020). What safety models and principles can be adapted and used in security science? Journal of Loss Prevention in the Process Industries, 64, 104068. doi: https://doi.org/10.1016/j.jlp.2020.104068
- Komljenovic, D., Loiselle, G., Kumral, M. (2017). Organization: A new focus on mine safety improvement in a complex operational and business environment. International Journal of Mining Science and Technology, 27 (4), 617–625. doi: https://doi.org/10.1016/j.ijmst.2017.05.006
- Wachter, J. K., Yorio, P. L. (2014). A system of safety management practices and worker engagement for reducing and preventing accidents: An empirical and theoretical investigation. Accident Analysis & Prevention, 68, 117–130. doi: https://doi.org/10.1016/j.aap.2013.07.029
- Maamri, N., Chaib, R., Benidir, M., Verzea, I. (2021). Risk assessment using fuzzy ahp and fuzzy top-sis hybrid approach for safe and sustainable work, case study. Acta Technica Napocensis. Series: Applied Mathematics, Mechanics, and Engineering, 64 (1).
- Aouati, M. S., Chaib, R., Cozminca, I., Verzea, I. (2017). Map risks in the company: highlight at the top priority risks. World Journal of Engineering, 14 (6), 550–555. doi: https://doi.org/10.1108/wje-12-2016-0159
- Ramezani, J., Camarinha-Matos, L. M. (2020). Approaches for resilience and antifragility in collaborative business ecosystems. Technological Forecasting and Social Change, 151, 119846. doi: https://doi.org/10.1016/j.techfore.2019.119846
- Komendantova, N., Mrzyglocki, R., Mignan, A., Khazai, B., Wenzel, F., Patt, A., Fleming, K. (2014). Multi-hazard and multi-risk decision-support tools as a part of participatory risk governance: Feedback from civil protection stakeholders. International Journal of Disaster Risk Reduction, 8, 50–67. doi: https://doi.org/10.1016/j.ijdrr.2013.12.006
- Eppler, M. J., Platts, K. W. (2009). Visual strategizing: the systematic use of visualization in the strategic-planning process. Long Range Planning, 42 (1), 42–74. doi: https://doi.org/10.1016/j.lrp.2008.11.005
- Landoll, D. (2021). The security risk assessment handbook: A complete guide for performing security risk assessments. Boca Raton: CRC Press, 512. doi: https://doi.org/10.1201/9781003090441
- Kucuk Yilmaz, A. (2019). Strategic approach to managing human factors risk in aircraft maintenance organization: risk mapping. Aircraft Engineering and Aerospace Technology, 91 (4), 654–668. doi: https://doi.org/10.1108/aeat-06-2018-0160
- Arena, M., Arnaboldi, M., Palermo, T. (2017). The dynamics of (dis)integrated risk management: A comparative field study. Accounting, Organizations and Society, 62, 65–81. doi: https://doi.org/10.1016/j.aos.2017.08.006
- Wieczorek-Kosmala, M. (2014). Risk management practices from risk maturity models perspective. Journal of East European Management Studies, 19 (2), 133–159. doi: https://doi.org/10.5771/0949-6181-2014-2-133
- Krzemień, A., Suárez Sánchez, A., Riesgo Fernández, P., Zimmermann, K., González Coto, F. (2016). Towards sustainability in underground coal mine closure contexts: A methodology proposal for environmental risk management. Journal of Cleaner Production, 139, 1044–1056. doi: https://doi.org/10.1016/j.jclepro.2016.08.149
- Hafida, K., Ramdane, B., Rachid, C. (2022). Application of Continuous Improvement Tools to Welding Processes: Case of ENGTP. International Journal of Emerging Technology and Advanced Engineering, 12 (4), 199–209. doi: https://doi.org/10.46338/ijetae0422_24
- Ferreira de Araújo Lima, P., Crema, M., Verbano, C. (2020). Risk management in SMEs: A systematic literature review and future directions. European Management Journal, 38 (1), 78–94. doi: https://doi.org/10.1016/j.emj.2019.06.005
- McCrae, M., Balthazor, L. (2000). Integrating Risk Management into Corporate Governance: The Turnbull Guidance. Risk Management, 2 (3), 35–45. doi: https://doi.org/10.1057/palgrave.rm.8240057
- Taleb, M., Bouzerara, R., Chaib, R. (2022). Contribution to the Evaluation of the Influence of the Health Epidemic on the Quality of Life at Work (QWL): a Case Study. Polish Journal of Environmental Studies, 31 (6), 5229–5239. doi: https://doi.org/10.15244/pjoes/150018
- Bouzerara, R., Chaib, R., Verzea, I. (2022). Contribution to the analysis of the impact of hazardous chemicals on employee health case study: company SARL EL CHAFEK (Algeria). Ukrainian Journal of Ecology, 12 (1).
- Boulagouas, W., Chaib, R., Djebabra, M. (2021). Proposal of a temporality perspective for a successful organizational change project. International Journal of Workplace Health Management, 14 (5), 555–574. doi: https://doi.org/10.1108/ijwhm-05-2020-0083
- Jacobsson, A., Boldt, M., Carlsson, B. (2016). A risk analysis of a smart home automation system. Future Generation Computer Systems, 56, 719–733. doi: https://doi.org/10.1016/j.future.2015.09.003
- Saidal Group. Available at: https://www.saidalgroup.dz/
- Bouly, F., Burkhardt, H., Alemany, R., Yee-Rendon, B., Wollmann, D. (2014). Preliminary study of constraints, risks and failure scenarios for the High-Luminosity insertions at HL-LHC (No. CERN-ACC-2014-0135).
- Delmotte, S., Desroches, A. (2014). Quantitative Global Risk Analysis (GRAq). 19ième Congrès Lambda-Mu de l'Institut de la Maîtrise des Risques, IMDR. Dijon.
- Reddivari, S., Rad, S., Bhowmik, T., Cain, N., Niu, N. (2013). Visual requirements analytics: a framework and case study. Requirements Engineering, 19 (3), 257–279. doi: https://doi.org/10.1007/s00766-013-0194-3
- Tena-Chollet, F., Tixier, J., Dusserre, G., Mangin, J.-F. (2013). Development of a spatial risk assessment tool for the transportation of hydrocarbons: Methodology and implementation in a geographical information system. Environmental Modelling & Software, 46, 61–74. doi: https://doi.org/10.1016/j.envsoft.2013.02.010
![Improvement of enterprise risk visualization: risk mapping](https://journals.uran.ua/public/journals/15/submission_291959_330245_coverImage_en_US.jpg)
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Aib Abdelatif, Djamel Nettour, Rachid Chaib, Ion Verzea, Salim Bensehamdi
![Creative Commons License](http://i.creativecommons.org/l/by/4.0/88x31.png)
This work is licensed under a Creative Commons Attribution 4.0 International License.
The consolidation and conditions for the transfer of copyright (identification of authorship) is carried out in the License Agreement. In particular, the authors reserve the right to the authorship of their manuscript and transfer the first publication of this work to the journal under the terms of the Creative Commons CC BY license. At the same time, they have the right to conclude on their own additional agreements concerning the non-exclusive distribution of the work in the form in which it was published by this journal, but provided that the link to the first publication of the article in this journal is preserved.