• Title/Summary/Keyword: risk management standard

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A Fundamental Concept of Risk-Based Thinking and Risk Management for ISO 9001:2015 Certification (ISO 9001:2015 인증을 위한 리스크 기반 사고의 개념과 리스크 관리)

  • Kim, Ho Gyun;Kang, Byung Hwan;Park, Dong Joon
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.40 no.3
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    • pp.38-48
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    • 2017
  • ISO 9001 Quality Management Systems-Requirements has been revised in 2015. It has been updated four times since its publication in 1987. It is the most widely used International Standard in the world. There are over one million companies and organizations in over 170 countries certified to ISO 9001 from an ISO survey. Organizations are supposed to be certified to this new version by late 2018. The key changes in ISO 9001:2015 are to establish a High Level Structure (HLS) and focus on Risk-Based Thinking (RBT). Risk-Based Thinking means the process approach to decide how risk is addressed in establishing the processes to improve process outputs and prevent undesirable results. It pursues process planning and controls based on risks so that organizations can improve the effectiveness of the quality management system. It maintains and manages a Quality Management System that inherently addresses risks and meets objectives. In this article we firstly attempt to explain how to understand the fundamental concept of Risk-Based Thinking which is a systematic approach to consider risks rather than treating prevention as a separate component of a Quality Management System. We comment on the detailed requirements that contain risks in ISO 9001:2015 clauses. We also summarize recent advances on the risk assessment and management in line with ISO 31000:2009 Risk Management-Principles and Guidelines. We finally propose the practical risk management procedures for implementing ISO 9001:2015 with an emphasis on RBT. This article would contribute to help quality managers and practitioners convert to ISO 9001:2015.

Improvement of Post-earthquake Risk Assesment System for Damaged Buildings by Case Study on '11.15 Earthquake' (11.15 지진 사례를 통한 지진피해 시설물 위험도 평가 체계 개선)

  • Kang, Hyeong Gu;Yun, Nu-Ri;Kim, David;Lee, Jung Han;Kim, Hye Won;Oh, Keum Ho
    • Journal of the Earthquake Engineering Society of Korea
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    • v.22 no.3
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    • pp.185-191
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    • 2018
  • Post-earthquake risk assessment technique in Korea is developed in 2013 by National Disaster Management Research Institute, at the same time, related manual and standard regulation is distributed to every local government by National Emergency Management Agency. The objectives of this research are to investigate and evaluate the post-earthquake risk assessment of 9.12 Earthquake (M5.8, Gyeongju City, 2016) and 11.15 Earthquake (M5.4, Pohang City, 2017). To suggest and improve the assessment process of post-earthquake risk, first post-earthquake risk assessment method of advanced foreign countries including US, New Zealand and Japan are compared, and post-earthquake evaluation activities in 9.12 Earthquake and 11.15 Earthquake are analyzed. From the results, it is needed to expand the adapted building and structure types and strengthen the earthquake disaster response capacity of local government.

On the Analysis of Risk Management for a Utility Construction Work in Plant Projects (플랜트 유틸리티 시공에서 리스크 관리에 관한 연구)

  • Han, Ki-Don;Hur, Jin-Huek;Moon, Seung-Jae;Yoo, Hoseon
    • Plant Journal
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    • v.6 no.1
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    • pp.64-70
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    • 2010
  • From 2000, the world plant market, especially plant developing business related to oil and gas, has been increasing. Domestic construction companies advance to overseas plant construction market actively, and proportioning to this, an importance of utility construction is increasing. However, the project becomes large and high-tech, and many companies experience difficulty of project management due to relatively high risk of overseas construction. In this study, we built the standard process with which domestic company can evaluate the risk of overseas plant utility construction. Primary factors for risk evaluation is derived, classification system is made out, primary factor is analyzed, and counter plan is suggested. And thorough management of risk is performed by risk management organization that manages the risks, risk control methods, reports and monitors through risk sheet and risk action log from the start of project to the end.

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Effects of Personal, Household, and Environmental Factors on Household Financial Management in Financial Dimensions (개인$\cdot$가계$\cdot$환경변수가 가계의 재무영역별 재무관리행동에 미치는 영향)

  • 홍향숙;이종혜
    • Korean Journal of Human Ecology
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    • v.2 no.1
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    • pp.12-24
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    • 1999
  • This study attempts to explore the effects of personal, household, and environmental factors on household financial management in financial dimensions. Financial management behaviors are constructed with 5 dimensions : income, expenditure, debt, investment and risk management. The specific objectives of this study are : 1) to examine the level of the financial management behavior to the sub-dimensions. 2) to investigate the factors which influence on the level of financial management behavior to the dimensions. The sample consisted of 792 married women living in Seoul. The statistical methods used for analysis included Reliability, Frequencies, Percent, Mean, Standard Deviation, Multiple Regression Analysis. The major results can be summarized as following 1) Among the sub-dimensions, the score of risk management is the most high, 39.00. 2) There are statistically significant differences in the levels and factors which influence on the financial management behavior to the 5 dimensions.(Korean J of Human Ecology 2(l) : 12-24, 1999)

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PROBABILISTIC MEASUREMENT OF RISK ASSOCIATED WITH INITIAL COST ESTIMATES

  • Seokyon Hwang
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.488-493
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    • 2013
  • Accurate initial cost estimates are essential to effective management of construction projects where many decisions are made in the course of project management by referencing the estimates. In practice, the initial estimates are frequently derived from historical actual cost data, for which standard distribution-based techniques are widely applied in the construction industry to account for risk associated with the estimates. This approach assumes the same probability distribution of estimate errors for any selected estimates. This assumption, however, is not always satisfied. In order to account for the probabilistic nature of estimate errors, an alternative method for measuring the risk associated with a selected initial estimate is developed by applying the Bayesian probability approach. An application example include demonstrates how the method is implemented. A hypothesis test is conducted to reveal the robustness of the Bayesian probability model. The method is envisioned to effectively complement cost estimating methods that are currently in use by providing benefits as follows: (1) it effectively accounts for the probabilistic nature of errors in estimates; (2) it is easy to implement by using historical estimates and actual costs that are readily available in most construction companies; and (3) it minimizes subjective judgment by using quantitative data only.

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Applicability study on urban flooding risk criteria estimation algorithm using cross-validation and SVM (교차검증과 SVM을 이용한 도시침수 위험기준 추정 알고리즘 적용성 검토)

  • Lee, Hanseung;Cho, Jaewoong;Kang, Hoseon;Hwang, Jeonggeun
    • Journal of Korea Water Resources Association
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    • v.52 no.12
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    • pp.963-973
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    • 2019
  • This study reviews a urban flooding risk criteria estimation model to predict risk criteria in areas where flood risk criteria are not precalculated by using watershed characteristic data and limit rainfall based on damage history. The risk criteria estimation model was designed using Support Vector Machine, one of the machine learning algorithms. The learning data consisted of regional limit rainfall and watershed characteristic. The learning data were applied to the SVM algorithm after normalization. We calculated the mean absolute error and standard deviation using Leave-One-Out and K-fold cross-validation algorithms and evaluated the performance of the model. In Leave-One-Out, models with small standard deviation were selected as the optimal model, and models with less folds were selected in the K-fold. The average accuracy of the selected models by rainfall duration is over 80%, suggesting that SVM can be used to estimate flooding risk criteria.

A Study on the Expectation and Awareness of Anti-Bribety Management Systyem Certification in Korea (반부패경영시스템 인증(ISO 37001)에 대한 국내 기업의 기대 및 인지도 연구)

  • Jun, Byoungho
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.16 no.2
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    • pp.95-104
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    • 2020
  • Bribery is one of the world's most destructive and challenging issues. Yet despite efforts on national and international levels to tackle bribery, it remains a significant issue. Recognizing this, ISO has developed a new standard to help organizations fight bribery and promote an ethical business culture, which is "ISO 37001 - Anti-bribery Management Systems" in 2016. ISO 37001 can provide the tools and systems to greatly reduce the risk and help organizations deal with it effectively if it does arise. It is a flexible tool, which can be adapted according to the size and nature of the organization and the bribery risk it faces. After enforcing the Improper Solicitation and Graft Act, Korean government standardized ISO 37001, one of the Business Ethics of Global Standard, harmonizing International Standards into Korean Industrial Standards (KS) in 2017. It is meaningful in that Korean companies have localized regulation which applies to global standard anti-bribery management systems. Only about 100 organizations, however, have adopted ISO 37001 so far. The primary purpose of this paper is to examine the expectation and awareness of ISO 37001. Results show that still many organizations lack of awareness of ISO 37001 and it is implicated that much promotion and education will be necessary. This study has originality and value in that it can provide the guidelines for activation of ISO 37001.

A Risk Analysis Simulation Model for Security Management of IT System (IT시스템 보안관리 위험분석 시뮬레이션 모델)

  • Kim, Kang;Cho, Kyoung-Sik
    • Journal of the Korea Society of Computer and Information
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    • v.8 no.2
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    • pp.75-81
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    • 2003
  • The Korea standard model is not fitted to general company in many faces because it is made for the public institution. This report suggests the risk analysis Simulation model of Security Management based on korea standard model , to apply and operate for general companies possibly. This model tries to show many standards, come subjectively in the character of the risk analysis, objectively and generally, and tries to give you the possible countermove, which can be operated and actual , for the countermove analysis and presentation.

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Standard Work Process to Reduce a Risk of Track Exchange Work for Railroad (철도 운행선 변경작업의 리스크 저감을 위한 표준작업 프로세스 도출)

  • Yoon, Chang Geun;Park, Su Yeul;Kim, Seok
    • Korean Journal of Construction Engineering and Management
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    • v.22 no.6
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    • pp.131-137
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    • 2021
  • Since many resources are put into the work of changing the railway operation within limited time, it is important to have a specific work plan and safety management. For this reason, the work schedule is shared in advance, and parallel work is being carried out simultaneously by rail system, such as tracks, trolly wires, and signals. However, due to the nature of the transfer work, the work is carried out at night when the railway operation is finished, and many resources are put into the limited area of the operating line, so the risk of safety accidents and failure to change the operating line is recognized as high. Nevertheless, there is still not enough research done in korea regarding the operation line change construction. Therefore, this study is conducted a survey on the track exchange work of railroad for working people, and analyzed the results of the survey. Finally, a standard work process was suggested to reduce the risk of track exchange work.

Development of the Standard Worksheet System for the Quality Risk Management of Apparel Products (패션의류제품의 품질 리스크 관리를 위한 표준작업지시서 시스템 개발)

  • 이원자;유지선
    • Journal of the Korean Society of Clothing and Textiles
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    • v.27 no.9_10
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    • pp.1160-1171
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    • 2003
  • This study is intended to examine the current situation and the problems of the "worksheets, regarding various factors that exert influences onto the quality-risk management, which is one of the most significant factors specifying an apparel product. This paper advances according to the following sequences: 1. Literature survey 2. Field research on actual "apparel vendors" and production factories 3. Investigating the requirements relating to the worksheet 4. Developing standard format of the worksheet 5. Effectiveness analysis on the standard worksheet 6. Proposal of an intelligent model applying standard worksheet system. This study is performed with the following research methods; those are questionnaire surveys, statistical analysis, interviews, collecting & analyzing worksheets, product sample quality experiment, functional analysis of the system, and materialization of the prototype system. The significance of this research is that it suggests the possible effective use of worksheet, which reflects the customers' needs in terms of the product quality, at the stage of the product planning process. Despite its importance, the current work structure does not visibly reflect these components. Therefore, with the result of this research, it is considered that the worksheet systems will meet more useful improvements in risk management process. The limitations of this research are as follows. Although it is evident that the standard worksheets bring effective results in quality improvements of products, considerations must be made onto some additional payoffs arising from the additional cost of necessary labor forces with expert knowledge and cost of the effort and time inputting correct information for running the system.