Ricerc@Sapienza

Risk management has enhanced its relevance over the past 15 years due to the increased number of unpredictable and extraordinary events (e.g. natural disasters, climate change, pandemic) that influence the choices and ways of organizing business. Nevertheless, the governing of risk is still highly undeveloped for many organizations. This research aims to provide an assessment of whether, how and to what extent organisations make sense of the identification and analysis of a systemic view of risks and their ability to develop decision-making processes, practices, systems and tools to govern them. We adopt a concept of systemic view of risk to refer to a set of interconnected aspects to the governing of risks: e.g. safety, environmental, social and strategic-operational.
We propose to analyse the systemic view of risk through the lens of a revised governing based framework, including the stakeholder engagement process as a value-adding component for co-governing risks with the help of engaged third-parties. The framework comprises the following dimensions:
- Visibility: how and under what circumstances a systemic-based view of risks is conceptualized and made visible
- Measurability: it is the process through which risk is measured by adopting specific and ad hoc calculative-based techniques
- Controllability: the ability of designing and implementing effective control systems to plan, monitor and assess risk's magnitude
- Communication: what, how and to what extent reporting mechanisms are implemented to disclose the management of risks and related performance.
The project focuses on 5 main businesses categories: large sized for profit companies, non profit companies, cooperatives, public utility organizations, SMEs - and 3 WPs: systematic literature review (WP1); content analysis (WP2); clinical analysis based on a comparative case study involving companies (WP3).
2 on-line workshops, 1 conference, 3 papers, and 1 book are the attended scientific results.