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The purpose of this paper is to examine the impact of credit risk components on the performance of credit risk management and the growth in non-performing assets (NPAs) of commercial banks in India.

The data are obtained from primary and secondary sources. The primary data are collected by administering questionnaire among risk managers of Indian banks. The secondary data on NPAs of Indian banks are from annual reports and Prowess database compiled by the Centre for Monitoring Indian Economy. Multiple linear regression is used to estimate the models for the study.

The results suggest that the identification of credit risk significantly affects the credit risk performance. The results are robust as credit risk identification is negatively related to annual growth in NPAs or loans. There is evidence in support of a priori expectation of better credit risk performance of private banks compared to that of government banks.

The study has implications for Indian banks suffering from a high level of losses due to bad loans. In addition, it will have implications for the implementation of new Basel Accord norms (Basel III) by the Reserve Bank of India.

The high and rising level of NPAs will have adverse consequences for credit flow in the economy in the absence of appropriate intervention by government and central bank in the form of changes in institutional and regulatory infrastructure. The problems in banking and financial services sector will lead to lower industrial and aggregate economic growth, and lower (or negative) growth in employment.

There is little evidence on credit risk management practices of Indian banks, and its relationship with credit risk performance and NPA growth. The need for an effective risk management system to manage credit risk assumes importance and urgency in the context of high and rising NPAs of Indian banks, and the consequences for the Indian economy.

The purpose of this paper is to develop comprehensive risk management tool, Intelligent Risk Mapping and Assessment System (IRMAS™) with a contingency for multi‐site, multi‐partner concurrent engineering projects with the aim of achieving above‐mentioned paradigms. Its unique knowledge warehouse enables the use of organisational knowledge, lessons learnt, captured as well as best practices to minimise risks in project management.

IRMAS is designed to identify, prioritise, analyse and assist project managers to manage perceived sources of concurrent engineering risks. Several knowledge elicitation techniques were used to compile the knowledge used for the intelligent system developed. The core of the research is the reasoning methodology that not only supports the decision‐making process of the user, but also aids the knowledge retrieving, storing, sharing and updating process of manufacturing organisations.

A total of 589 risk items were identified for different project types, as well as information on 4,372 risk items and 136 lessons learnt were gathered. IRMAS is a proactive tool supporting project management activities. It is designed as a web‐based portal compiled in Java facilitating effective and a common communication platform between project partners.

Identification of risks during the complete product design, development and delivery process in a concurrent engineering environment is challenging. It covers the “product value stream” including partners, suppliers, research and development, design and manufacturing, marketing, purchasing, service and support personnel and customers. Within the context of concurrent engineering, the design style must be “Design WITH” approach where collaborative negotiation requires communication, consideration and collaboration. The full validation of IRMAS™ is successfully carried out in two large‐scale new product development projects. It has already been decided to be deployed by a large international aerospace company and is successfully commercialized.

The originality of the paper lies in its uniqueness in these areas: IRMAS provides a systematic engineering approach to risk management of concurrent product and process development based on risk management standards and Project Management Body of Knowledge, to leverage of success factors in manufacturing; concurrencies and relationships between several activities throughout product's life cycle are captured and mapped; the inheritance of risk between several phases are modelled and quantified; the wealth of knowledge stored in the knowledge repository and IRMAS's capability to reuse them for later elicitation in the system's knowledge base; and user‐interactive, unique dynamic risk management software package which will be available in the commercial market.

In a largely exploratory study, the authors investigate: how do managers’ experiences with exogenous hazards (e.g., natural disaster risk) affect their identification of those hazards as salient to the firm? This analysis is based on an international survey of 575 managers across 18 disaster-prone countries. The authors examine whether and how locational hazard risk and managerial experience influence the identification of natural disaster risk as an important firm issue. The authors find that locational natural hazard risk, and direct and indirect experience with natural disasters, increases the likelihood that managers’ will identify firm-specific natural disaster risk as an important firm issue. In addition, the authors also find that managers are likely to identify natural hazards as a threat when natural hazard risk is high and when managers have experience in natural disasters that directly affected their businesses.

The problem statement is how to identify and analyze the corporate risks involved in the relationships with external agents involved in the open product innovation process (OPIP)? Seeking to extend this investigation, the purpose of this paper is to analyze the enterprise risks identified in corporate relations with external agents of the OPIP. This study proposes the systematization of the process of identification and analysis of the enterprise risks involved in the process of open product innovation.

The case explored in this study is the OPIP of Volkswagen do Brasil (VWB), one of the most important subsidiaries of the Volkswagen Group. Criteria were selected to both assessing corporate relations with external agents of the open innovation of VWB and analyzing the enterprise risks identified in these relations. Data collection included interviews with management-level professionals engaged in the OPIP activities and technical visits to a VWB’s industrial plant.

Results demonstrate that the enterprise risks mostly affecting the OPIP have a critical impact on the manufacturing process and initial sales of the new product.

The originality of the study focuses on the proposal of a systematization of how to identify and analyze the corporate risks involved in the process of open product innovation. The study focuses on the theoretical frontier on the open innovation and enterprise risk management (ERM) in the open innovation process.

This research investigated Australian property valuers' identification and consideration of physical climate change risks in valuation practice.

Thirty Australian valuer members of the Australian Property Institute from a variety of specialisations were interviewed. The semi-structured interviews explored climate change risks and the extent of risk investigation and consideration in valuation practice. The analysis utilised the Moser and Luers (2008) climate risk preparedness framework as a lens to evaluate current valuation practice in Australia.

The analysis reflects that while physical risks are easily identified and engaged with by valuers, correspondingly, there is a lack of understanding of and engagement with, climate change risks. This supports the need for better information sources and guidance to inform valuers of climate change risks and the development of specific mechanisms for the consideration of such risks to be included in valuation processes, practices and reports.

The research was limited by its sample size and qualitative approach. Therefore, the research is not a representative opinion of the Australian profession; however, the analysis provides the perspective of a range of valuers from across Australia with different valuation specialisations.

This research has established that valuers have the potential to be prepared to address climate change in their professional capacity, as described by Moser and Luers (2008). However, they are constrained by information communication, access and detail and subsequent market awareness of information on climate change risk exposure on properties. There is a need for further support, guidance, information and tools, as well as awareness-raising, to enable valuers to accurately identify and reflect all risks affecting a property in the process of valuation.

This research provides the first investigation into the consideration of climate change in valuation practice. Property stakeholders—owners, investors, financiers and occupiers—are escalating their climate change risk analysis and reporting for property portfolios and organisations. This research suggests that valuers also need to be aware of the changing dynamics of market reporting and decision-making related to climate change risks to ensure appropriate reflection in valuation practice.

Risk identification often produces nothing more than a long list of risks, which can be hard to understand or manage. The list can be prioritised to determine which risks should be addressed first, but this does not provide any insight into the structure of risk on the project. Traditional qualitative assessment cannot indicate those areas of the project which require special attention, or expose recurring themes, concentrations of risk, or ‘hot‐spots’ of risk exposure. The best way to deal with a large amount of data is to structure the information to aid comprehension. For risk management, this can be achieved with a Risk Breakdown Structure )RBS) a hierarchical structuring of risks on the project. The RBS can assist in understanding the distribution of risk on a project or across a business, aiding effective risk management. Just as the Work Breakdown Structure (WBS) is an important tool for projects because it scopes and defines the work, so the RBS can be an invaluable aid in understanding risk. The WBS forms the basis for many aspects of the project management process; similarly, the RBS can be used to structure and guide the risk management process. This paper presents the concept of the RBS, and gives a number of examples drawn from different project types and industries. Although not necessarily based in FM, the concepts and experience can be applied to any project. The benefits of using the RBS are then outlined, including as an aid for risk identification or risk assessment, comparison of projects, providing a framework for cross‐project risk reporting, and structuring lessons to be learned for future projects. This paper shows how to use the RBS to gain these benefits.

The purpose of this paper is to give an overview of current risk management approaches and outline their commonalities and differences, evaluate current risk management approaches regarding their capability of supporting cost-efficient decisions without unnecessary security trade-offs, outline current fundamental problems in risk management based on industrial feedback and academic literature and provide potential solutions and research directions to address the identified problems. Despite decades of research, the information security risk management domain still faces numerous challenges which hinder risk managers to come up with sound risk management results.

To identify the challenges in information security risk management, existing approaches are compared against each other, and as a result, an abstracted methodology is derived to align the problem and solution identification to its generic phases. The challenges have been identified based on literature surveys and industry feedback.

As common problems at implementing information security risk management approaches, we identified the fields of asset and countermeasure inventory, asset value assignment, risk prediction, the overconfidence effect, knowledge sharing and risk vs. cost trade-offs. The reviewed risk management approaches do not explicitly provide mechanisms to support decision makers in making an appropriate risk versus cost trade-offs, but we identified academic approaches which fulfill this need.

The paper provides a reference point for professionals and researchers by summing up the current challenges in the field of information security risk management. Therefore, the findings enable researchers to focus their work on the identified real-world challenges and thereby contribute to advance the information security risk management domain in a structured way. Practitioners can use the research results to identify common weaknesses and potential solutions in information security risk management programs.

This research has been conducted with a view to creating a framework to integrate risk management based on building information modeling (BIM) information.

In this research, all the information related to the construction of a residential project including 3D, 4D and 5D BIM models and the execution and control phases information was collected, and the risk list was determined for each activity accordingly.

The present study has suggested a framework for risk management in order to optimize project changes.

The lack of integration between 3D, 4D and 5D modeling besides execution information is a fundamental problem in many projects. The gap between these two groups of information will lead to improper management and late decisions, eventually imposing unforeseen delays and cost overruns. Risk management by the means of adopting a new approach has been addressed in recent studies using new methods, such as BIM and its associated technologies, some of which were mentioned in the review of theoretical literature in this research.

Risk identification is an integral part of overall risk management framework of projects. The risks associated with projects and their response planning differs according to the country and the sector specific environment in which they are being implemented. In this paper, the study is carried out to identify the critical risk factors causing delay in Kuwait’s building and infrastructure projects. The preparation of a preliminary list of risks and risk factors is outlined, questionnaire development and survey details are explained, and analysis of survey responses for the identification of delay risk factors in Kuwait is presented. A case study analysis with respect to time‐overrun/delay of about 28 building and infrastructure projects executed in Kuwait is also presented to validate the survey results. Survey and case study results show that the frequency of time‐overrun in KuwaitRisk identification is an integral part of overall risk management framework of projects. The risks associated with projects and their response planning differs according to the country and the sector specific environment in which they are being implemented. In this paper, the study is carried out to identify the critical risk factors causing delay in Kuwait’s building and infrastructure projects. The preparation of a preliminary list of risks and risk factors is outlined, questionnaire development and survey details are explained, and analysis of survey responses for the identification of delay risk factors in Kuwait is presented. A case study analysis with respect to time‐overrun/delay of about 28 building and infrastructure projects executed in Kuwait is also presented to validate the survey results. Survey and case study results show that the frequency of time‐overrun in Kuwait’s construction projects is very high. The five most critical time‐overrun factors identified in Kuwait’s infrastructure and building projects are: delay in government approvals/permits, delay in preparation and approval in variation orders, client induced additional work beyond the original scope, changed engineering conditions from the contract document and decreased labor productivity due to extreme climatic conditions. All the above risk factors are rated as moderately critical to very critical in Kuwaits construction projects is very high. The five most critical time‐overrun factors identified in Kuwait’s infrastructure and building projects are: delay in government approvals/permits, delay in preparation and approval in variation orders, client induced additional work beyond the original scope, changed engineering conditions from the contract document and decreased labor productivity due to extreme climatic conditions. All the above risk factors are rated as moderately critical to very critical in Kuwait.