Thesis (M.B.A.)--University of Hong Kong, 1998. / Includes bibliographical references.

Thesis (M.B.A.)--University of Hong Kong, 1995. / Includes bibliographical references.

Thesis (Ph. D.)--Ohio State University, 2005. / Title from first page of PDF file. Includes bibliographical references (p. 198-214).

Risk management (RM) is a knowledge area in project management (PM). The challenges of project complexity require astute RM. However, RM practices in Lesotho appear to lag behind international trends. Within the sub-Sahara African region, RM incompetence affects timely delivery of public projects owing to PM practices that do not address risks. This study, which adopts a case study approach, unravels the „how and why‟ of contemporary RM practices which are lacking in Lesotho, despite a poor record of project success in the construction industry. Through the reviewed literature and primary data collection, this study investigates three elements in order to determine the level of RM practice within Lesotho public sector construction projects. These elements were the basis of RM, the RM processes, and the peoples‟ perceptions which were essentially centred on the probability of risk and the impact thereof. The results from the study achieved through cross-case synthesis show that the level of RM practice in the Lesotho public sector construction projects is at variance with international practice. The notable gaps in practice include construction professionals who do not know about or who have not practiced project RM. The study thus propose that the Government of Lesotho (GoL) should invest in educating more people in the areas of construction project management or engage professionals with extensive project RM experience. The recommended initiatives should promote professionalism and accountability that are essential for bracing the RM practice in public sector construction projects.

Businesses are continuously exposed to a changing business environment which may either exert positive or negative influences on profitability. The banking industry, in particular, is highly competitive and bank failures can have significant consequences for customers. Commercial banks, therefore, have a responsibility to protect their customers by implementing sound risk management strategies. In light of the recent financial crises (since 2007), risk management has once again become a popular topic of discussion since adequate risk management should have prevented or minimised the impact of the risks faced by failed banks. The primary objective of this study was to develop a framework that could be used by South African commercial banks to investigate risk management. Qualitative research was conducted in this regard. From this, findings and recommendations were derived in order to provide banks with a tool by which they could assess their exposure to risk. Various journals, websites, newspapers, bank reports and textbooks were consulted in support of the literature. The literature provided background information on the history and development of the risk management process. Considerable attention was given to the categories of risk that an adequate risk management framework should address. Furthermore, the current models used to manage risk in commercial bank were provided, as well as the specific reasons for bank failures. The main findings of this study were the identification of the most significant reasons for banking failures. These were identified as capital inadequacy, credit risk due to non-performing loans and a lack of banking supervision. In addition to these reasons, several other contributing principles were identified as important factors to be included in a risk management framework. A risk management framework was thus constructed in Table 5.1 based on the literature regarding global banking failures and the relevant conclusions made by the researcher.

The main objective of this thesis is not only to describe and categorize risk but also to look at Porsche AG and determine how they deal with strategic risks. Primary focus is on the description and categorization of risks, strategic risks, importance of Risk Management and strategic risks faced by Porsche AG and their mitigation.

The main purpose of the master thesis is to determine the role of corporate governance in solving the economic and financial crises. This is done through explanations of events that led to the current form of Corporate Governance in developed countries. Corporate Governance is defined as the set of rules governing the relationship between owners and managers. The thesis present the basic model of the relationship management, which allows to evaluate the form of Corporate Governance in selected countries. At the same time clarifies the causes of economic crises since the 90s of the 20th century to the present from the perspective of Corporate Governance.

The Master thesis deals with the Riskmanagement in Service Center Organizations and its implementation. The thesis show in detail how Service Center Organizations are working and where and how Risk management has to be implemented. The thesis analyzes the differences in organizing Risk management in the stage of implementation of the Service Center Organization and afterwards. The first part of the Master thesis is theoretical and is devoted to Risk management and the origin of Service Center Organizations. The autor stresses the differences of Service Center Organization, Centralization and Outsourcing. The second part of the thesis demonstrates the typical processes in Service Center Organizations and how Risk management is applied. In the third part the findings are presented as the differences in Risk managent during implementation and afterwards as well as additional findings are presented.

Operational risk was identified as one of the primary risk types that a bank faces. Neglected for many years, there is a growing awareness in the banking industry that the management of operational risk is crucial for their future existence. The effective management of operational risk, however, requires a structured approach. This study, therefore, investigates the management of operational risk by way of a literature study and empirical research in order to develop a framework for a structured approach to operational risk management in banking. The framework comprises the primary risk factors of operational risk, namely: people, processes, systems and external events, as well as a definition of operational risk. The operational risk exposures that apply to the aforementioned primary risk factors are identified. It, furthermore, illustrates that operational risk management is an ongoing process that consists of risk identification, risk evaluation, risk control and risk financing and addresses the methods that could be applied in the management process. As operational risk management in the banking industry is still in a development stage it is believed that this study could assist banks with establishing formal operational risk management processes. The framework demarcates the area of operational risk properly and provides insight into all the activities that should be performed in the operational risk management process, but the following issues still require further research: • The practical implementation of methods for the quantification of operational risk and determining a capital charge for it; • The effect of the requirements of corporate governance on banks as it relates to the management of operational risk; and • The interaction between operational risk and the other primary risk types to ensure an effective, enterprise-wide risk management process. The framework that has been developed could also be applied to any other enterprise as operational risk management is not unique to banks and the basic principples are generic. / Business Management / D. Com. (Business Management)

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