• Title/Summary/Keyword: Risk mitigation

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The framework and application model for risk mitigation service based networks (농축산 전염병 위기완화서비스 체계구조 및 용용모델)

  • Chung, heechang;Kim, Dongil
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2016.10a
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    • pp.493-495
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    • 2016
  • The framework and application model for risk mitigation service based on network provides monitoring function of the risk event data to be inputted and analyses it for mitigation process. Furthermore, it performs the analysis of the manmade calamities such as accident, building destruction, natural calamities caused by climate change, and animal harms caused by bird flu and foot-and-mouth disease occurring in livestock and wild animals, and provides the mitigation service of it. The application model for risk mitigation is combined with network and carries out the real time acquisition and monitoring of risk events, and provides mitigation service for the risks caused by calamities and reduces economic losses.

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Architects' Perceptions on Identifying Major Risk Factors and Mitigation Measures in Green Building Design :The Case of South Korea

  • Kim, Jinho
    • Architectural research
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    • v.21 no.3
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    • pp.69-77
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    • 2019
  • Architects are facing increasing risks that result from heightened expectations of benefits and performance when designing green buildings compared to traditional buildings. This study aims to explore the possible risk factors for architects in green building projects in South Korea and assess risk mitigation measures. To attain this goal, 14 risk factors and 12 mitigation measures were determined through an extensive literature review. A questionnaire was administered to architects practicing green building design and criticality index was employed to assess major risk factors and mitigation measures. This study identified 'adoption of new technology and process', 'green building certification results', 'building products and materials', and 'energy saving uncertainty' as the major risk factors of green building projects. Additionally, the questionnaire proposed 'contract indicating each party's role, liability, and limitations clearly', 'utilizing integrated design process', and 'understanding client's goal in green building projects' as the three most effective risk mitigation measures in designing green buildings. There are few studies that focus on architects' perceived risks concerning green building projects; this study contributes to a deeper knowledge and attempts to fill the current literature gap, which would benefit South Korea's green building design practice by aiding in the development of better risk management strategies.

The framework for risk mitigation service based on networks (네트워크 기반에서의 스마트 농축산업 위기완화 서비스를 위한 프레임워크)

  • Kim, Dong Il;Chung, Hee Chang
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2018.05a
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    • pp.643-645
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    • 2018
  • The risk mitigation service based on network provides monitoring of the risk event data to be inputted and analyses its big data to be stored in real time. Furthermore, it performs the analysis of the plant disease risk such as a red tide, and livestock disease risk such a food-and-mouth disease, avian influenza, and rinderpest, and provides the mitigation service. The application model for risk mitigation is the real time acquisition monitoring of risk events, and mitigation service for the risks.

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Case Study of Risk Management on Communication Payload System Development (통신탑재체 개발 위험관리 Case Study)

  • Jeong, Cheol-Oh;Eun, Jong-Won
    • Journal of Aerospace System Engineering
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    • v.5 no.2
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    • pp.8-11
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    • 2011
  • The scope of this paper is to show a risk management plan including how to perform risk assessment and to make a mitigation plan aspects of the communication payload system development. According to system engineering management guide of DoD of USA and risk management plan of satellite communication system, risk assessment and mitigation plan of communication payload system were performed. In this paper, it is indicated the process of risk management and risk assessment procedures as well as mathematical model for risk assessment of DoD guide. It is shown how risk assessment and mitigation plan have implemented in communication payload system development through case study.

Standardization Road Map for the smart farming risk mitigation service and ICT Integration service (ICT 융합 서비스와 스마트 농업 위기완화 서비스 표준화 로드맵)

  • Kim, Dong Il;Chung, Hee Chang
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2019.05a
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    • pp.403-405
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    • 2019
  • The risk mitigation service based on network provides monitoring of the risk event data to be inputted and analyses its big data to be stored in real time. Furthermore, it performs the analysis of the plant disease risk such as a red tide, and livestock disease risk such a food-and-mouth disease, avian influenza, and rinderpest, and provides the mitigation service. The standardization road map for risk mitigation is the real time acquisition monitoring of risk events, and mitigation service for the risks.

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A Study on The Practical Risk Mitigation Methodology for Systematical Risk Management of Information System (정보시스템의 체계적인 위험관리를 위한 실용적인 위험감소 방법론에 관한 연구)

  • Eom, Jung-Ho;Woo, Byeong-Koo;Kim, In-Jung;Chung, Tai-M.
    • The KIPS Transactions:PartC
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    • v.10C no.2
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    • pp.125-132
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    • 2003
  • In the paper, we can select the best safeguard as proposed the definite and systematical method and procedure on risk mitigation of risk management for information system. The practical risk mitigation methodology has a good fulfillment procedure and a definition to fulfill procedure on each phase. So, it is easy to fulfill and can apply to any risk management methodology. The practical risk mitigation is composed of 6 phases, which are the existing safeguard assessment, safeguard means selection, safeguard technique selection, risk admission assessment, cost-effective analysis and safeguard embodiment. The practical risk mitigation's advantages are as follow. Efficient selection of safeguards to apply to risk's features with safeguard's means and techniques before embodying safeguards. Prevention of redundant works and security budgets waste as re-using the existing excellent safeguards through the existing safeguard assessment. Reflection of organization's CEO opinions to require special safeguards for the most important information system.

Proposal for Government Quality Assurance Risk Assessment System for Military Supplies (군수품 정부품질보증 위험성 평가제도 개선을 위한 제언)

  • Namsu Ahn
    • Journal of Korean Society for Quality Management
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    • v.51 no.2
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    • pp.155-170
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    • 2023
  • Purpose: Nowadays, the risk assessment system is widely used in many industrial and public areas to reduce the possible risks. The system is used to determine the priorities of the government quality assurance works in Defense Agency for Technology and Quality. However, as the risk assessment system is used for other purposes, there are some items that need improvement, and in this study, we propose improvement plans by benchmarking the risk assessment systems of other institutions. Methods: In this paper, first, the procedures of risk assessment system used in many industrial sites were reviewed, and how each institution specialized and applied the system. Afterwards, by benchmarking various risk assessment systems, an improvement plan on how to operate the risk assessment system in the case of government quality assurance for centrally procured military supplies was presented, and practical application cases were presented to prove the usefulness of the improvement plan. Results: The proposed risk assessment system differs from the existing system in five major aspects. First, inputs, outputs, and key performance indicators were specified from the systematic point of view. Second, risk analysis was analyzed in four dimensions: probability of occurrence, impact, detection difficulty. Third, risk mitigation measures were classified, control, transfer, and sharing. Fourth, the risk mitigation measures were realized through document verification, product verification, process verification, and quality system evaluation. Finally, risk mitigation measures were implemented and the effectiveness of the risk mitigation measures was evaluated through effectiveness evaluation. Conclusions: In order for the risk assessment procedure proposed in this study to be applied to actual work, it is necessary to obtain the consent of the person involved in the work due to the increased time for risk identification and preparation of the government quality assurance log, and a change in the information system that performs the actual work is required. Therefore, the authors of this study plan to actively perform internal seminar presentations and work improvement suggestions to apply these research outputs to actual work.

The Mitigation Model Development for Minimizing IT Operational Risks (IT운영리스크 최소화를 위한 피해저감모델 구현에 관한 연구)

  • Lee, Young-Jai;Hwang, Myung-Soo
    • Journal of Information Technology Applications and Management
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    • v.14 no.3
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    • pp.95-113
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    • 2007
  • To minimize IT operational risks and the opportunity cost for lost business hours. it is necessary to have preparedness in advance and mitigation activities for minimization of a loss due to the business discontinuity. There are few cases that banks have a policy on systematic management, system recovery and protection activities against system failure. and most developers and system administrators response based on their experience and the instinct. This article focuses on the mitigation model development for minimizing the incidents of disk unit in IT operational risks. The model will be represented by a network model which is composed of the three items as following: (1) the risk factors(causes, attributes and indicators) of IT operational risk. (2) a periodic time interval through an analysis of historical data. (3) an index or an operational regulations related to the examination of causes of an operational risk. This article will be helpful when enterprise needs to hierarchically analyze risk factors from various fields of IT(information security, information telecommunication, web application servers and so on) and develop a mitigation model. and it will also contribute to the reduction of operational risks on information systems.

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Development of Risk Rating and Index for Coastal Activity Locations

  • Lee, Young-Jai;Jung, Cho-Young;Gu, Ja-Yeong
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.26 no.3
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    • pp.227-232
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    • 2020
  • This paper develops a risk index based on an indicator of risk assessment in terms of coastal activity location and accident type. The risk index is derived from a formula which adds the consequence of failure to a vulnerability value, then subtracts the mitigation value. Specifically, the consequence of failure is the number of casualties in coastal activity locations. An indicator of vulnerability refers to coastal environment elements and social elements. A pointer of mitigation includes managerial and organizational elements that indicate the capabilities of coastal activities. A risk rating of coastal activity location is found from a risk matrix consisting of the accident location and type. The purpose of this study is to prevent accidents at coastal activity locations by allowing the Coastal police guard to monitor effectively and inform visitors of potential risks.

A Probabilistic Approach to Forecasting and Evaluating the Risk of Fishing Vessel Accidents in Korea

  • Kim, Dong-Jin
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.24 no.3
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    • pp.302-310
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    • 2018
  • Despite the accident rate for fishing vessels accounts for 70% of all maritime accidents, few studies on such accidents have been done and most of the them mainly focus on causes and mitigation policies to reduce that accident rate. Thus, this risk analysis on sea accidents is the first to be performed for the successful and efficient implementation of accident reducing measures. In risk analysis, risk is calculated based on the combination of frequency and the consequence of an accident, and is usually expressed as a single number. However, there exists uncertainty in the risk calculation process if one uses a limited number of data for analysis. Therefore, in the study we propose a probabilistic simulation method to forecast risk not as a single number, but in a range of possible risk values. For the capability of the proposed method, using the criteria with the ALARP region, we show the possible risk values spanning across the different risk regions, whereas the single risk value calculated from the existing method lies in one of the risk regions. Therefore, a decision maker could employ appropriate risk mitigation options to handle the risks lying in different regions. For this study, we used fishing vessel accident data from 1988 to 2016.