• Korean Journal of Construction Engineering and Management
• /
• v.15 no.3
• /
• pp.66-73
• /
• 2014

The Korean construction industry has been severely impacted by the 2008 global financial crisis, which resulted in a significant reduction in the overall contract amount. For survival, many construction management (CM) companies had to adapt a strategy of lowering bid prices to maintain their competitiveness. As a result of the strategy, companies faced a number of issues including their decreased capability in risk management. However, most risk management-related studies focused on construction risk management, yet these studies lacked consideration of enterprise-level risk management practices. To fill the gap, the objectives of the present study are (1) to investigate, the risk management practices of Korean CM companies, (2) to identify factors that determine efficient enterprise-level risk management practices, and (3) to propose a module for the development of enterprise-level risk management. Lastly, the efficiency of the proposed development module was validated by using a survey.

• Journal of the Korea Safety Management & Science
• /
• v.14 no.4
• /
• pp.71-77
• /
• 2012

It is very important the collaboration and risk management of supply chain between the parent company and its partners in the supply chain risk management(SCRM). It was known that the SCRM approach is very different between a large enterprise and a small and medium-sized enterprise. This paper deals with the suggestion about SCRM structure for a small and medium-sized enterprise. This SCRM structure consist of risk identification, risk assessment, and risk mitigation. We expect that this SCRM structure promote the collaboration between a parent company and its partners to alleviate the supply chain risk.

• Journal of the Korea Safety Management & Science
• /
• v.14 no.2
• /
• pp.113-121
• /
• 2012

The important elements and conditions to improve corporate competitiveness are customer development, new product development, sales increase, net profit increase, and other factors. Even if those competitiveness elements are well prepared, obstacles may exist. In this paper, we examined the risk, the deadliest obstacle that can affect corporate. We selected the risk factors that exist in functional categories in the system connected complicatedly and variously by organizational value chain of corporate, and examined the conceptual model of Enterprise Risk Management System based on the precedent studies.

• Proceedings of the Korean Operations and Management Science Society Conference
• /
• 2002.05a
• /
• pp.456-463
• /
• 2002

Nowadays. risk management in the enterprise is considered as the important activity. Risk management ran be defined as the activity which is the analysis of risk factors related to damages, the estimation of the magnitude of risk, and the determination of investment to protect damage in a company. Initially, risk management was originated in financial areas. But the concept of risk has been expanded in the enterprise. Most companies have extended their activities in various areas. In this tendency, most activities must be considered in supply chain So, risk management must be ronsidered as the concept in the viewpoint of supply chain. The framework of risk management in supply chain and the related mathematical model are represented in this paper. Risk management in supply chain ran provide a positive opportunity not only to protect various damages, but also to improve the relationship between partners.

• Journal of Information Technology Services
• /
• v.14 no.3
• /
• pp.117-129
• /
• 2015

For the continuous growth of firms, the contributions of effective risk management system are required. This research analyzes the impact on the firm's performance related to risk management structure which includes the risk management system, risk management activity and risk management competency. In this research, the structural equation model considering the variable which contains enterprise risk management system, risk management activity and risk management competency was suggested. Also risk management organization and management procedures are identified as in enterprise risk management system. The implementation activity and control activity were the factors related in risk management activity. And risk management competency can be described as the response level of managing risk in outside and inside the firms' environment. Finally this model was analysed empirically for 112 firms in Korea using SPSS 18.0 and Amos 16.0. As the results, the suggested hypothesis were adopted. So as to manage risk performance for their firms, the development of systematic Risk Management Framework is important for their risk management activity and risk management competency. Ultimately, we can conclude that the focusing to the systematic risk management approach could be effective on the firm's risk management performance.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2007.11a
• /
• pp.539-544
• /
• 2007

Owing to diversification of social desire and increase of demand as economic growth, construction industry recently is trending toward diversification, complication, gigantism. It means that is changing to difficult environment as existing construction company operation. Specially, some big construction companies are promoting get down to construction business risk management skill & development. Enterprise risk management system, recognized to risk portfolio, is suggested. instead of individually risk management. This study indicates ERM basic model, considering construction risk character, for apply to ERM to field of construction . And it is including analysis of recognition level and reality about ERM in construction company.

• Journal of Korean Society of Industrial and Systems Engineering
• /
• v.47 no.2
• /
• pp.93-106
• /
• 2024

As the complexity and uncertainty of international construction projects increase, the importance of risk management capabilities in the construction industry has become more pronounced. Accordingly, Enterprise Risk Management (ERM) has become a widely adopted approach among organizations as a new way for more effective risk management. Despite its growing application, research related to ERM is still in its infancy, and most of the existing studies have been limited to financial industries. Therefore, this study aims to empirically examine the influence of ERM's core elements on project risk management (PRM) and project performance within construction firms. Our findings indicate that the key ERM components-organization, policy, and culture-significantly enhance PRM processes, underscoring their critical role and importance. Additionally, effective PRM positively affects project outcomes, highlighting its significance for construction companies engaged in international projects. While ERM does not directly impact project performance, it indirectly improves outcomes through enhanced PRM capabilities. It suggests that ERM will contribute to the firm's performance by improving the firm's PRM capability through policies and a risk-focused culture corresponding to the adopted ERM organization and system..

• Journal of Digital Convergence
• /
• v.6 no.4
• /
• pp.53-61
• /
• 2008

Organizations can experience serious financial and/or reputational losses if business activities are disrupted by an incident of information systems under the current business environment. The loss includes the intangible decline in brand image, customer separation, and the tangible loss such as decrease in business profits. Thus, it is necessary to take proactive initiatives by managing many kinds of risks an organization may have. Therefore, the enterprise risk management has been received a special attention by some advanced private companies, but not many public organizations. This paper describes an approach and some issues when the enterprise risk management was introduced in a domestic public organization.

• 한국경영정보학회:학술대회논문집
• /
• 2008.06a
• /
• pp.254-263
• /
• 2008

기업의 경영활동이 글로벌화되면서 이를 둘러싸고 있는 경영환경도 급변하게 되었다. 이로 인하여 기업이 처한 위험(Risk)의 유형도 더욱 다양해지고, 그 빈도 또한 증가하게 되었다. 특히 인터넷 환경하의 보다 진보된 정보시스템은 기업의 경영 효율성을 증가시키는 반면에 위험(Risk)의 발생 정도와 그 파급 효과를 더욱 더 증가시키고 있다. 위험(Risk)을 인식하고 이를 분석하고 평가하여 관리하는 능력이 뛰어난 기업은 위험(Risk)에 따른 피해의 확산을 조기에 차단하고 오히려 이를 기회로 이용할 수도 있다. 위험관리(Risk Management)는 주로 재무관리 또는 보험관리 분야에서 다루어왔다. 즉, 일반적으로 자금의 조달이나 투자업무에 있어서 불확실성을 제거하고 분산 투자를 실행하고 미래의 불확실한 상황에 대비하여 보험을 준비하는 등의 내용들이 기존 연구에서의 위험관리(Risk management)와 관련된 것이었다. 본 연구에서는 위험관리를 정보시스템 분야에 적용하여 정보시스템의 위험관리에 관한 인식을 고취하고, 나아가 보다 체계적인 Global SCM 의 구축하여 글로벌 경쟁환경하에서 기업의 경쟁우위를 제고하고자 한다. 특히 기업위험관리(Enterprise Risk Management)관점에서 Global SCM 의 위험관리체계의 프레임웍(Framework)을 제시하여 지금까지 정립되지 않았던 SCM 의 Risk Management 에 대한 연구의 기초를 마련하려고 한다.

• 한국경영정보학회:학술대회논문집
• /
• 2007.06a
• /
• pp.1061-1065
• /
• 2007

기업의 경영활동이 글로벌화되면서 이를 둘러싼 경영환경도 급변하게 되어 기업이 처한 위험(Risk)의 유형과 빈도가 더욱 증가하게 되었다. 특히 인터넷 환경하의 정보시스템은 기업 경영의 효율성을 증가시킨 반면 이에 따른 위험(Risk)의 발생 정도와 그 파급 효과를 더욱 증가시키고 있다. 위험(Risk)을 인식하고 이를 분석하고 평가하여 관리하는 능력이 뛰어난 기업은 위험(Risk)에 따른 피해의 확산을 조기에 차단 하고 오히려 이를 기회로 이용할 수도 있다. 기존 연구는 위험관리(Risk Management)를 주로 재무관리 또는 보험관리 분야에서 다루어왔다. 일반적으로 자금의 조달이나 투자업무에 있어서 불확실성을 제거하고 분산 투자를 실행하고 미래의 불확실한 상황에 대비하여 보험을 준비하는 등의 내용들이 기존의 위험관리(Risk management)와 관련된 것이었다. 본 연구에서는 위험관리를 정보시스템 분야에 적용하여 정보시스템의 위험관리에 관한 인식을 고취하고, 나아가 보다 체계적인 Global SCM의 구축하여 글로벌 경쟁환경하에서 기업의 경쟁우위를 제고하고자 한다. 특히 기업위험관리(Enterprise Risk Management)관점에서 Global SCM의 위험관리체계의 프레임웍(Framework)을 제시하고자 한다.