Work Breakdown Structures Vs. Business Processes: An Investigation of Appropriate Method For Identifying The Number of Risks
Background: Risk identification is a critical first step in the risk management process, laying the groundwork for subsequent stages like analysis, assessment, mitigation, and monitoring. Accurate identification is crucial to ensure that identified risks align with the company’s specific context Pur...
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| Format: | Article |
| Language: | Indonesian |
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Bogor Agricultural University
2025-01-01
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| Series: | Jurnal Aplikasi Bisnis dan Manajemen |
| Online Access: | https://journal.ipb.ac.id/index.php/jabm/article/view/54932 |
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| _version_ | 1825206654691442688 |
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| author | Martdian Ratna Sari Ronny Kountur Bram Manuel Adura Ahmad |
| author_facet | Martdian Ratna Sari Ronny Kountur Bram Manuel Adura Ahmad |
| author_sort | Martdian Ratna Sari |
| collection | DOAJ |
| description | Background: Risk identification is a critical first step in the risk management process, laying the groundwork for subsequent stages like analysis, assessment, mitigation, and monitoring. Accurate identification is crucial to ensure that identified risks align with the company’s specific context
Purpose: This research aims to investigate how knowledge and understanding of various risk identification techniques influence the number of risk events identified by practitioners.
Design/Methodology: An experimental approach was employed, involving 84 business school students. The study measured the dependent variable number of risks identified against independent variables comprising different risk identification approaches, both with and without context knowledge. Data analysis utilized the Chi-square technique of non-parametric statistics, maintaining a 95 percent confidence level.
Findings: The findings reveal a significant correlation between the methods of identification approach (with or without knowledge of risk context) and the number of risks identified. Participants using the Business Process (BP) approach, regardless of context knowledge, identified more risks compared to those using the Work Breakdown Structure (WBS) approach or a No approach (NT).
Conclusion: The findings highlight the importance of selecting appropriate risk identification methods and underscore the value of context knowledge in enhancing risk identification effectiveness. This research provides actionable insights for practitioners, analysts, and decision-makers actively engaged in risk management.
Originality: This study contributes to the field by emphasizing the role of risk identification approaches and contextual knowledge, providing a framework for improving risk management practices.
Keywords: risk identification, risk context, experiment approach, and risk knowledge |
| format | Article |
| id | doaj-art-f6a1f7c245d9462bb748aca073224c91 |
| institution | Kabale University |
| issn | 2528-5149 2460-7819 |
| language | Indonesian |
| publishDate | 2025-01-01 |
| publisher | Bogor Agricultural University |
| record_format | Article |
| series | Jurnal Aplikasi Bisnis dan Manajemen |
| spelling | doaj-art-f6a1f7c245d9462bb748aca073224c912025-02-07T08:02:42ZindBogor Agricultural UniversityJurnal Aplikasi Bisnis dan Manajemen2528-51492460-78192025-01-0111127527510.17358/jabm.11.1.27554932Work Breakdown Structures Vs. Business Processes: An Investigation of Appropriate Method For Identifying The Number of RisksMartdian Ratna Sari0Ronny Kountur1Bram Manuel2Adura Ahmad3Sekolah Tinggi Manajemen PPMManagement Program, Sekolah Tinggi Manajemen PPM, Jakarta, IndonesiaManagement Program, Sekolah Tinggi Manajemen PPM, Jakarta, IndonesiaTunku Puteri Intan Safinaz School of Accountancy (TISSA-UUM), Universiti Utara MalaysiaBackground: Risk identification is a critical first step in the risk management process, laying the groundwork for subsequent stages like analysis, assessment, mitigation, and monitoring. Accurate identification is crucial to ensure that identified risks align with the company’s specific context Purpose: This research aims to investigate how knowledge and understanding of various risk identification techniques influence the number of risk events identified by practitioners. Design/Methodology: An experimental approach was employed, involving 84 business school students. The study measured the dependent variable number of risks identified against independent variables comprising different risk identification approaches, both with and without context knowledge. Data analysis utilized the Chi-square technique of non-parametric statistics, maintaining a 95 percent confidence level. Findings: The findings reveal a significant correlation between the methods of identification approach (with or without knowledge of risk context) and the number of risks identified. Participants using the Business Process (BP) approach, regardless of context knowledge, identified more risks compared to those using the Work Breakdown Structure (WBS) approach or a No approach (NT). Conclusion: The findings highlight the importance of selecting appropriate risk identification methods and underscore the value of context knowledge in enhancing risk identification effectiveness. This research provides actionable insights for practitioners, analysts, and decision-makers actively engaged in risk management. Originality: This study contributes to the field by emphasizing the role of risk identification approaches and contextual knowledge, providing a framework for improving risk management practices. Keywords: risk identification, risk context, experiment approach, and risk knowledgehttps://journal.ipb.ac.id/index.php/jabm/article/view/54932 |
| spellingShingle | Martdian Ratna Sari Ronny Kountur Bram Manuel Adura Ahmad Work Breakdown Structures Vs. Business Processes: An Investigation of Appropriate Method For Identifying The Number of Risks Jurnal Aplikasi Bisnis dan Manajemen |
| title | Work Breakdown Structures Vs. Business Processes: An Investigation of Appropriate Method For Identifying The Number of Risks |
| title_full | Work Breakdown Structures Vs. Business Processes: An Investigation of Appropriate Method For Identifying The Number of Risks |
| title_fullStr | Work Breakdown Structures Vs. Business Processes: An Investigation of Appropriate Method For Identifying The Number of Risks |
| title_full_unstemmed | Work Breakdown Structures Vs. Business Processes: An Investigation of Appropriate Method For Identifying The Number of Risks |
| title_short | Work Breakdown Structures Vs. Business Processes: An Investigation of Appropriate Method For Identifying The Number of Risks |
| title_sort | work breakdown structures vs business processes an investigation of appropriate method for identifying the number of risks |
| url | https://journal.ipb.ac.id/index.php/jabm/article/view/54932 |
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