Risk Passport as an Effective Measure to Overcome Negative Consequences in the Conditions of Enterprise Functioning

DOI

10.2991/csis-18.2019.47How to use a DOI?

Keywords

risk; economic risk; risk passport; risk description; risk area; agricultural enterprise; risk identification; risk analysis and assessment; risk management; integrated risk management; risk level; risk minimization methods

Abstract

The nature and content of the risk passport are considered, an algorithm for its implementation in the enterprise of the agricultural sector is provided in the article. A set of information about the risk area, risk criteria, as well as instructions on the necessary methods application to manage or minimize the risk are understood under the passport of economic risk. A graphic representation of the risk passport in the content of various sections such as: type or subtype of an economic risk passport (ERP); subdivision in the direction of which economic risks can be identified; the validity of the risk passport; risk description; general information; risk area; risk management techniques; contact information. This study also includes a specific algorithm for the application of integrated risk management in enterprises of the agro-industrial complex using a risk passport, which implies:, accounting reports on the production and economic activity of an enterprise on the result of identifying business risk for set period of time is analyzed using specialized software that contains risk passports; the identified risk is analyzed by risk managers who determine its level using the method of identifying, analyzing and assessing risks; if the risk level is recognized as risk-free or acceptable, then observation of the analysis objects (information analysis) continues until the risk level changes to critical or catastrophic; if the risk level is considered as critical, then the risk manager prepares a draft memorandum to the head of the enterprise; if the risk level is recognized as catastrophic, then the risk manager of the agricultural enterprise forms the draft risk passport and an explanatory note to it using a special software tool; according to the last block, matching with the coordinating division head and the enterprise head; registration project of the risk passport in a special software.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Julia Golubyatnikova
AU  - Olga Charykova
PY  - 2019/02
DA  - 2019/02
TI  - Risk Passport as an Effective Measure to Overcome Negative Consequences in the Conditions of Enterprise Functioning
BT  - Proceedings of the International Conference Communicative Strategies of Information Society (CSIS 2018)
PB  - Atlantis Press
SP  - 226
EP  - 231
SN  - 2352-5398
UR  - https://doi.org/10.2991/csis-18.2019.47
DO  - 10.2991/csis-18.2019.47
ID  - Golubyatnikova2019/02
ER  -