Methodology for risk analysis of projects

Roşu, Maria Magdalena; Rohan, Rodica; Juganaru, Elena Cristina

doi:10.1051/matecconf/201711209012

Cited by 3 publications

(1 citation statement)

References 2 publications

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“…(Jedynak, 2015), To efficiently handle all possible financial risks inside a firm, it is essential to objectively identify the risks, assess them, and choose suitable methods to reduce their impact. (Roșu et al, 2017), Companies should gather and present financial risk disclosure in tables or other systematically arranged formats that enhance the usability of the information. The most crucial method to attain high-quality accounting information is by identifying and promoting optimal disclosure methods (Ryan, 2012) Hence, this study seeks to assess the mechanisms employed by Iraqi banks to manage financial risks and the protocols implemented by their departments to achieve the desired outcomes for the majority of stakeholders.…”

Section: Introductionmentioning

confidence: 99%

Controlling Financial Risks' Impact on Accounting Information Quality: Evidence from Iraqi banks

Abd Oun,

Abdulhussein

2024

TSSJ

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Controlling risk management strategies and implementing preventive actions are essential for creating a secure and conducive environment for individuals and organisations. The study aims to showcase the influence of financial risk control on the quality of accounting information in Iraqi banks. This will be achieved by identifying and assessing risks, as well as designing and implementing suitable procedures to manage hazards. The goal is to produce reliable accounting information that stakeholders can trust. The study employed 154 questions that were delivered to accountants, internal auditors, external auditors, and academics specialising in Iraqi institutions. It consisted of two axes. The initial objective was to evaluate the management of financial risk control in Iraqi banks. The first axis comprised 17 specific questions, while the second axis assessed the accuracy of its accounting information and consisted of 21 questions. The study variables were assessed utilising the statistical software SPSS version 26, while the hypotheses were examined by simple linear regression. The study found that implementing robust procedures and policies to manage financial risks in banks improves the reliability and transparency of their accounting information. This includes effectively addressing various risks, such as geopolitical concerns.

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Section: Introductionmentioning

confidence: 99%

Controlling Financial Risks' Impact on Accounting Information Quality: Evidence from Iraqi banks

Abd Oun,

Abdulhussein

2024

TSSJ

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Estimation of the Economic Efficiency if Technical Solutions for Combine Harvester Improvement

Barmuta

Radchenko²,

Artemova³

2023

Lecture Notes in Networks and Systems

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Uncertanties and Risk Analysis on Ports Construction Projects Considering Technological and Market Strategic Factors

Moraes

Macêdo

Duarte

et al. 2021

Int J Innov Educ Res

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This article appropriates a new methodology for evaluating port projects involving not only economic analysis, but also strategic factors, technological and market, wich provide greater security and assertiveness on the search for the development of a Hub Port model as an option to optimize the logistics of port operations. To achieve the objectives of the proposal, a technical and economic analysis model was developed to demonstrate the feasibility of the project with the inclusion of technological features (deep of ships, modes of transport linking the port to its region of land influence, expansion area) and market components (cargo demands, free trade zone, distance from the main centers of world trade) that decisively interfere in the attractiveness of the project. Linked to this proposal, a risk analysis was carried out, including uncertainties involving economic and strategic aspects, with market and technological variables. To achieve the objectives of the study, the Monte Carlo method operated by the software “@RiskTM” was used, where the analyzes of positive and negative interferences in the project were carried out. To evaluate the proposed methodology, it was applied in two cases studies of the feasibility of a new logistics platform in Brazil and Africa, with the implementation of an offshore cargo concentrator port. One was in the State of Pará, in northern Brazil, and the other in Dakar, Senegal, which can integrate the entire South America and Africa, respectivaly. The results of those analysis show very favorable indicators for the implementation of the proposed projects. Considering that, strategic factors introduced in the study, the greatest influences were: transport modes that link the port to the land influence zone and the draft of the ships. For the offshore port of Pará, strategic factors boosted the viability result by approximately 55% for a 95% probability of success and for Dakar, in Africa, the results were 100%, both for a 14% rate and a life span of 30 years showing that strategic factors are elements very importatants, as they produced almost 100% and 70% elasticity in the results, respectivaly, so they should be considered in feasibility studies of hub ports in addition to tradicioanl economic analysis.

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Methodology for risk analysis of projects

Cited by 3 publications

References 2 publications

Controlling Financial Risks' Impact on Accounting Information Quality: Evidence from Iraqi banks

Controlling Financial Risks' Impact on Accounting Information Quality: Evidence from Iraqi banks

Estimation of the Economic Efficiency if Technical Solutions for Combine Harvester Improvement

Uncertanties and Risk Analysis on Ports Construction Projects Considering Technological and Market Strategic Factors

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