Sentence examples for practices of risk management from inspiring English sources

However, the current practices of risk management have been paid considerable attention to the assessment, but little on risk control.

It examines ways to complement the normative and technological practices of risk management by using local knowledge to improve the resilience of affected communities against climate-related risks.

Secondly, we argue that the management of organisations is rapidly being transformed into and formalised around the management of risk, while much of the management of uncertainty occurs through a variety of hybrids that reside beyond the formalised practices of risk management.

The interviews were designed to understand the contracting process and the practice of risk management in the Australian energy-only pool market.

Our tentative conclusion is that technical issues concerned with risk assessment and risk reduction choices are not central to the process of innovation with regard to the practice of risk management, but that institutional culture, traditions and capabilities are of greater significance.

According to Michael Smith, the executive director of the group, its initial recommendations include ways to end conflicts of interests within companies; standardization of risk management practices; the creation of a clearinghouse that would ease the industry's liquidity squeeze; and a higher level of disclosure.

Yet the presence of a legitimacy gap, driven by the lack of empirical validation of published best practices, might explain low adoption of risk management on projects.

It is still necessary to develop cross-scale integration of risk management practices and to improve budgetary resources and climate financing for long-term recovery and building resilience against climate change hazards.

This article has shown that the use of competitive procedures in railway transport, the privatisation of semi-public motorway companies and the use of public-private partnerships have led to changes in socio-economic and financial evaluation practices, and reinforced the use of risk management and continuous consultation in the planning of transport projects.

This study highlights the continuing need to actively engage with at-risk communities, both in terms of education and training around appropriate responses to natural or official tsunami warnings, and their active participation in the defining, designing and implementation of risk management practice at a community level.

The practical consequence is that regulators and liability insurers today have no clear way of estimating risk at the practitioner level, and doing so is not a standard part of risk management practice.