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RISK MANAGEMENT PROCESSES IN INFORMATION SYSTEMS DEVELOPMENT
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P. Petrov; S. Stoev; M. Radev; A. Sergeev; G. Dimitrov
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1314-2704
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English
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21
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7.1
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• Prof. DSc. Oleksandr Trofymchuk, UKRAINE
• Prof. Dr. hab. oec. Baiba Rivza, LATVIA |
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Risk management is increasingly seen as part of the concept of sustainable corporate development and improvement. It is a logical process or approach that aims to eliminate or at least reduce the level of risk that accompanies the implementation of company policy and achievement of organizational goals. Risk management is part of the managerial responsibility that bears every head of a business or public organization. That is why the issue of optimal risk management policy is particularly important. In this way, the question of how much and how to manage the risks to commit enough, but not more than the effective level of resources, should be answered, because the latter is directly related to competitiveness and hence the ability to sustainable development in general. On the other hand, if the resources engaged in risk management are insufficient, the realization of risks will frustrate the sustainability of development, and in extreme cases, the existence of the enterprise. Risk management improves understanding of the potential variability of factors that may affect a particular environment. This increases the likelihood of success and reduces both the likelihood of failure and the level of uncertainty associated with achieving the organization's goals.
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conference
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21st International Multidisciplinary Scientific GeoConference SGEM 2021
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21st International Multidisciplinary Scientific GeoConference SGEM 2021, 16 - 22 August, 2021
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Proceedings Paper
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STEF92 Technology
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SGEM International Multidisciplinary Scientific GeoConference
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SWS Scholarly Society; Acad Sci Czech Republ; Latvian Acad Sci; Polish Acad Sci; Serbian Acad Sci & Arts; Natl Acad Sci Ukraine; Natl Acad Sci Armenia; Sci Council Japan; European Acad Sci, Arts & Letters; Acad Fine Arts Zagreb Croatia; Croatian Acad Sci
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131-138
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16 - 22 August, 2021
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website
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cdrom
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7871
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information systems; software risk; management of risk; IT risk
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