THEORETICAL AND METHODOLOGICAL ASPECTS OF INTEGRATION RATIONAL APPROACH TO BUSINESS PROCESS MANAGEMENT

Authors

  • Olena Herasymenko Bohdan Khmelnytsky National University of Cherkasy

DOI:

https://doi.org/10.36690/2674-5208-2020-1-71-79

Keywords:

risk-oriented approach, risk registry, risk card, residual risk, risk management, risk acceptability, maturity levels, stakeholders

Abstract

The author explores the possibilities of using risk-oriented approach to business process management to ensure the economic security of enterprises. The purpose of this work is to study the theoretical and methodological aspects of risk management and, on their basis, to build a risk-oriented approach to management with subsequent integration into all business processes of the enterprise to ensure the economic security of the enterprise. During the research of problems of formation and integration of risk-oriented approach to management in the process of ensuring the economic security of the enterprise, and the method of synthesis was used - in the formation of individual elements of the structure of risk-oriented approach to manage in the process of ensuring the economic security of the enterprise; peer review method - to determine the priority of the identified risks of enterprises, to determine the weight of the selected methods and techniques during the identification, analysis and assessment of risks in the process of ensuring economic security. To provide a systematic approach to risk management an algorithm for processing risk using the recommendations ISO / IEC 27005 is proposed. A Risk acceptance scheme was created. Directions for improving EBITDA through risk management measures have been identified. The level of maturity of risk management systems is interrelated with the level of maturity of information technology. The necessity to increase the level of knowledge and competencies of specialists who provide economic security at enterprises is confirmed by studying the risk oriented approaches to business process management.

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Author Biography

Olena Herasymenko, Bohdan Khmelnytsky National University of Cherkasy

1PhD (Economics), doctoral student of management and economic security department, Bohdan Khmelnytsky National University of Cherkasy, Ukraine

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Published

2020-03-25

How to Cite

Herasymenko, O. (2020). THEORETICAL AND METHODOLOGICAL ASPECTS OF INTEGRATION RATIONAL APPROACH TO BUSINESS PROCESS MANAGEMENT. Economics, Finance and Management Review, (1), 71–79. https://doi.org/10.36690/2674-5208-2020-1-71-79

Issue

Section

Chapter 3. Modern management technologies