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The Project-based Enterprise Integrated Risk Management Model

Jianfeng Cai

Open publisher page 1 citations

Abstract

Based on the analysis of worldwide risk management practices and theoretical study trends, it’s concluded that the project-based enterprise integrated risk management (EIRM) is the new trend of enterprise risk management. The six factors of project-based EIRM are pointed out, and also the model of EIRM is proposed with features of integration in strategy, organization, method, information, culture and process. This model not only reflects requirements of enterprises risk management, but also extends theories of risk management and project management.

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What this paper is about

Based on the analysis of worldwide risk management practices and theoretical study trends, it’s concluded that the project-based enterprise integrated risk management (EIRM) is the new trend of enterprise risk management. The six factors of project-based EIRM are pointed out, and also the model of EIRM is proposed with features of integration in strategy, organization, method, information, culture and process. This model not only reflects requirements of enterprises risk management, but also extends theories of risk management and project management.

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Available abstract

Based on the analysis of worldwide risk management practices and theoretical study trends, it’s concluded that the project-based enterprise integrated risk management (EIRM) is the new trend of enterprise risk management. The six factors of project-based EIRM are pointed out, and also the model of EIRM is proposed with features of integration in strategy, organization, method, information, culture and process. This model not only reflects requirements of enterprises risk management, but also extends theories of risk management and project management.

Key concepts: Risk management, Enterprise risk management, Project risk management, Risk management plan, Process management, Project management, IT risk management, Knowledge management

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