Development of GRAM – A risk measurement tool using risk based thinking principles

Pačaiová, Hana; Sinay, Juraj; Nagyová, Adriana

doi:10.1016/j.measurement.2017.01.004

Cited by 47 publications

(25 citation statements)

References 11 publications

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“…Further, our results are consistent with studies arguing that risk management is an essential element in managing industrial assets [5,16]. In conjunction with the aforementioned statement, the positive relationship between physical asset risk management and physical asset lifecycle management supports prior studies arguing that risk management is an effective tool in the decision-making process [71]. Indeed, our findings show that adopting PAM practices requirements in relation to risk issues can be addressed in a much better manner, which is also an essential role of an asset management system [3].…”

Section: Discussionsupporting

confidence: 91%

Development of a Model Linking Physical Asset Management to Sustainability Performance: An Empirical Research

2018

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This article is aimed at exploring the relationship between physical asset management (PAM) practices and sustainability performance. A framework of interrelated constructs was developed based on the existing literature and consequently tested through empirical study. Survey data were collected from organizations operating in six European countries (i.e., Greece, Poland, Slovakia, Slovenia, Sweden, and Turkey) and analyzed using Partial Least Squares Path Modeling (PLS-PM). The results offer support for the proposed hypotheses, showing that PAM practices positively influence the sustainability performance outcomes, namely economic, environmental, and employee-related social performance. Overall, this study demonstrates that a PAM framework can be conceptualized by four sub-constructs, namely physical asset risk management, physical asset performance assessment, physical asset lifecycle management, and physical asset policy and strategy. Finally, this study brings to light some theoretical and managerial implications as well as directions for future research. The findings of the study underscore PAM areas in which managers should focus on in order to optimize costs, performance, and risk exposures concerning the physical assets, and therefore enhance sustainability performance.

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Section: Discussionsupporting

confidence: 91%

Development of a Model Linking Physical Asset Management to Sustainability Performance: An Empirical Research

2018

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“…After determining machine boundaries, the basic step of the risk assessment is to identify the types of hazard situation depending on the hazard properties of the machine, taking into account each stage of the machine's life-cycle [1,4,8,9,11].…”

Section: Step 2: Identification Of Hazardsmentioning

confidence: 99%

“…Management of the organization often times is kind of "lost" while determining effective economical actions to be able to follow the required legal frameworks of a business environment or achieve its own and more difficult goals. Benefits of the decision-making process, their reliability and efficiency are determined by a risk assessment analysis, which is increased by improper applied processes, risk assessment methods and a measurements selection for their management [1,3,4].…”

Section: Introductionmentioning

confidence: 99%

“…Management system requirements are coming from context description of organization operating (external and internal relationships). This context is a base for risk assessment process coming from organizational business activities and is defined as Risk-based Thinking principles (RBT) [1,4]. Newly prepared standard ISO 45001:2017 requires proactively approach in Risk Management processes.…”

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confidence: 99%

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Machinery Safety Requirements as an Effective Tools for Operational Safety Management

Pačaiová¹

2018

Risk Assessment

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Free circulation of goods is the major pillar of the single united market of European Union's (EU) member states and main motivated power of competitiveness and economical acceleration in EU. By using the legislative were defined base requirements on goods and also high level of authorized interest protection of goods users. The main changes in H&S (Health and Safety) management and also in Machinery safety started after implementation the Framework Directive 89/391/EEC and Directive 89/392/EEC in 1989 year. Directive 89/391/EEC implements systematical tools in H&S management as: H&S politics, Risk Management, education requirements, review activities, employee's involvement in H&S procedures. Directive 89/392/EEC, on the present time 2006/42/EC directive, implements for machinery producer or its contractor duties to access risk for each stage of machinery life cycle and implement adequate measures. These legislative requirements had changed all procedures and rules, which were used in H&S area.

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“…However, it is not true. Their objective is mutual -to eliminate all the losses that may have an impact on objectives of the organisation, or possibly, at least, to reduce them to the lowest possible level (Singh et al, 2013;Pacaiova, Sinay and Nagyova, 2017). Chronic problems in organisations are often understated; however, sporadic (assumed) problems are solved by means of preventive measures as well as by checking their efficiency.…”

Section: Introductionmentioning

confidence: 99%

Base Principles and Practices for Implementation of Total Productive Maintenance in Automotive Industry

Pačaiová

Ižaríková

2019

QIP Journal

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Purpose: IATF 16949:2016 standard requirements do not represent a totally new approach of quality improvement within the automotive industry. The change of the last, from 2009 year ISO/TS), the quality management standard is only an expected consequence of changes, which, in managerial systems, was brought by ISO Organization in 2012 (Annex SL). Implementation of the Total Productive Maintenance (TPM) requires several important steps. The article describes framework of TPM implementation on a basis of PDCA (P-plan; D-do; C-check; A-Act) cycle and evaluates influence of Occupational health and safety pillar (OHS) on the "stability" of TPM house.Methodology/Approach: Individual steps of TPM implementation are analysed and added with suitable tools for making the effective integration of TPM and IATF (which is expansion of ISO 9001:2015).Findings: Implementation of autonomous maintenance and other TPM pillars requires support from management. Although the 5S tool is understood as a basic TPM tool, knowledge from its implementation suggest the fact that 5S is also a significant tool of management integration within organisation.Research Limitation/Implication: Research presented in this article is influenced of the maturity of organisation as well as its size and types of its activities.Originality/Value of paper: Method of TPM implementation analysis in the conditions of integrated approach with an emphasis on 5S and its relation to OHS management is original approach.

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Development of GRAM – A risk measurement tool using risk based thinking principles

Cited by 47 publications

References 11 publications

Development of a Model Linking Physical Asset Management to Sustainability Performance: An Empirical Research

Development of a Model Linking Physical Asset Management to Sustainability Performance: An Empirical Research

Machinery Safety Requirements as an Effective Tools for Operational Safety Management

Base Principles and Practices for Implementation of Total Productive Maintenance in Automotive Industry

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