Template-Type: ReDIF-Article 1.0 Author-Name: Konstantina Karatzoudi Author-X-Name-First: Konstantina Author-X-Name-Last: Karatzoudi Author-Name: Terje Aven Author-X-Name-First: Terje Author-X-Name-Last: Aven Title: Principles and guidance on climate risk disclosure for businesses Abstract: The present paper discusses how businesses should conduct climate risk disclosures. The work builds on guidance provided by the Task Force on Climate-related Financial Disclosures (TCFD) and related work. Using current risk science knowledge, we question what should be the fundamental principles for defining and using such disclosures when the scope is all types of risks, not only financial. From these principles, we present and discuss some specific guidance on how to formulate the disclosures. Examples are used to illustrate the principles and guidance. Businesses are encouraged to use the figure and guidance provided in the current work when planning and presenting climate change disclosures. Journal: Int. J. of Business Continuity and Risk Management Pages: 14-29 Issue: 1 Volume: 14 Year: 2024 Keywords: climate risk disclosures; climate change risk; risk science; risk management principles. File-URL: http://www.inderscience.com/link.php?id=137237 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:1:p:14-29 Template-Type: ReDIF-Article 1.0 Author-Name: Bakhtiar Ostadi Author-X-Name-First: Bakhtiar Author-X-Name-Last: Ostadi Author-Name: Zeinab Najafian Ghobadi Author-X-Name-First: Zeinab Najafian Author-X-Name-Last: Ghobadi Title: Calculating the business continuity value by considering several destructive events and co-occurrence of risk factors Abstract: In the event of any disruption or interruption in the organisation's activities, methods and frameworks related to business continuity value management should be used to reduce damages. Considering the occurrence of destructive events and the existence of risk factors causing an interruption in business activity and their impact on the business and thus the damage to the organisation, it is necessary to measure the business continuity value (BCV) to adopt appropriate business decisions for its continuity and prevent these effects. This paper presents a formula to calculate the value of business continuity in the conditions of the co-occurrence of risk factors. The results illustrated the calculation of the business continuity value by considering the risk assessment and the co-occurrence of these factors. In the conditions of the co-occurrence of risk factors, the amount of the business continuity value is more reduced than in the conditions of non-co-occurrence of risk factors. Journal: Int. J. of Business Continuity and Risk Management Pages: 30-56 Issue: 1 Volume: 14 Year: 2024 Keywords: business continuity value; BCV; co-occurrence of risk factors; destructive event; risk assessment. File-URL: http://www.inderscience.com/link.php?id=137238 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:1:p:30-56 Template-Type: ReDIF-Article 1.0 Author-Name: Jeremiah Mushosho Author-X-Name-First: Jeremiah Author-X-Name-Last: Mushosho Author-Name: Abubaker Qutieshat Author-X-Name-First: Abubaker Author-X-Name-Last: Qutieshat Title: A brief literature review of renewable energy policies in Zimbabwe Abstract: This article provides a comprehensive review of renewable energy policies in Zimbabwe by examining ten papers that specifically discuss this topic. The findings of this review emphasise the importance of an enabling environment to support the growth of renewable energy in Zimbabwe's energy mix. Several policy instruments are identified as a key to creating such an environment, but poor administrative and coordination arrangements, limited technical capacity, and insufficient funding hinder their full implementation. Beyond policy instruments, the review highlights the critical role of prevailing administrative and political systems, market conditions, the economic situation, and the business environment in shaping the success of renewable energy deployment in Zimbabwe. Given these challenges, a more comprehensive and integrated approach considering various factors is necessary to support successful renewable energy development in Zimbabwe. Journal: Int. J. of Business Continuity and Risk Management Pages: 77-95 Issue: 1 Volume: 14 Year: 2024 Keywords: climate change; energy access; energy transition; electrification; renewable energy; policy; Zimbabwe. File-URL: http://www.inderscience.com/link.php?id=137239 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:1:p:77-95 Template-Type: ReDIF-Article 1.0 Author-Name: Sahel Niyafard Author-X-Name-First: Sahel Author-X-Name-Last: Niyafard Author-Name: Samira Sadat Jalalian Author-X-Name-First: Samira Sadat Author-X-Name-Last: Jalalian Author-Name: Farid Damirchi Author-X-Name-First: Farid Author-X-Name-Last: Damirchi Author-Name: Seyedalireza Jazayerifar Author-X-Name-First: Seyedalireza Author-X-Name-Last: Jazayerifar Author-Name: Shahin Heidari Author-X-Name-First: Shahin Author-X-Name-Last: Heidari Title: Exploring the impact of information technology on the relationship between management skills, risk management, and project success in construction industries Abstract: Global industries are associated with risk; the construction industry is not an exception. The construction industry has a complex nature, involving different participants; therefore, additional risk is imposed on construction projects. Therefore, with the aid of information technology (IT) as a moderating factor, the purpose of this study was to develop an understanding of the impact of management skills and risk management on the success of construction projects. The method was descriptive correlational research with structural equation modelling (SEM). In this study, 146 expert managers of construction projects in Iran participated. A questionnaire was used to collect the data. By using SmartPLS, PLS-based SEM was used to analyse the data. As the results show, management skills (technical, human, and perceptual skills) and risk management lead to an increase in the success of construction projects, and IT moderates the risk management effect on construction project success. Journal: Int. J. of Business Continuity and Risk Management Pages: 97-118 Issue: 2 Volume: 14 Year: 2024 Keywords: management skills; risk management; information technology; success of construction projects. File-URL: http://www.inderscience.com/link.php?id=139032 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:2:p:97-118 Template-Type: ReDIF-Article 1.0 Author-Name: Delphine Micouleau Author-X-Name-First: Delphine Author-X-Name-Last: Micouleau Author-Name: Benoît Robert Author-X-Name-First: Benoît Author-X-Name-Last: Robert Title: Organisational factors that favour the development of the unity of effort needed to ensure organisational adaptability Abstract: Events such as COVID-19 and the related unforeseen issues highlight the importance of adaptability for crisis management. Since this kind of situation is hard to predict, planning alone does not allow for speedy, effective emergence from the crisis. Many studies have sought to characterise adaptability and develop tools to analyse it before and after an event. However, in the case of a long-lasting event such as COVID-19, organisations must be able to analyse adaptability during the disruption in order to make the necessary adjustments. Work done by the CRP with its various industrial partners has made it possible to suggest organisational factors on which organisations can rely to support the unity of effort needed for adaptability. To promote the implementation and analysis of these factors during disruptions, the authors propose the concept of sense of coherence to execute speedy diagnostics and identify the crisis management factors that must be adjusted. Journal: Int. J. of Business Continuity and Risk Management Pages: 1-13 Issue: 1 Volume: 14 Year: 2024 Keywords: resilience; organisational adaptability; crisis management; crisis cell; unity of effort; sense of coherence; consensus building; situational awareness; operational management requirements; OMRs; organisational constraints. File-URL: http://www.inderscience.com/link.php?id=137241 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:1:p:1-13 Template-Type: ReDIF-Article 1.0 Author-Name: Lalmohan Pattnaik Author-X-Name-First: Lalmohan Author-X-Name-Last: Pattnaik Author-Name: Suneeta Satpathy Author-X-Name-First: Suneeta Author-X-Name-Last: Satpathy Author-Name: Bijay Kumar Paikaray Author-X-Name-First: Bijay Kumar Author-X-Name-Last: Paikaray Author-Name: Pratik Kumar Swain Author-X-Name-First: Pratik Kumar Author-X-Name-Last: Swain Title: DDoS analysis using machine learning: survey, issues, and future directions Abstract: Technology has evolved as humanity's new religion in this generation. With everyone switching to online services for their work during the COVID-19 pandemic, digitisation increased more sharply afterwards. The distributed denial of service (DDoS) assault is one of many online dangers that needs to be taken seriously by companies or customers offering cloud services or in need of services respectively. Such threats make the customers deprived of cloud services by overburdening the network with the number of packets causing the shutdown of cloud services. In order to trick current detection systems, attackers are also evolving with the technologies and modifying their attack strategies. Every day, enormous amounts of data are produced, processed, and stored, with typical detection technologies unable to identify new and sophisticated DDoS attacks. This research study thoroughly examines the previous work on DDoS threat analysis using machine learning, as well as its difficulties and potential future applications. Journal: Int. J. of Business Continuity and Risk Management Pages: 57-76 Issue: 1 Volume: 14 Year: 2024 Keywords: denial of service; DoS; distributed denial of service; DDoS; machine learning; cloud service. File-URL: http://www.inderscience.com/link.php?id=137242 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:1:p:57-76 Template-Type: ReDIF-Article 1.0 Author-Name: Kumar Sudheer Raj Author-X-Name-First: Kumar Sudheer Author-X-Name-Last: Raj Author-Name: Mahadev Ota Author-X-Name-First: Mahadev Author-X-Name-Last: Ota Title: Modelling credit risk using Merton-KMV model: evidence from selected Indian firms Abstract: This paper focuses on the credit risk modelling of Indian companies, with the aim of determining their likelihood of default. The study uses the Merton model to estimate credit risk and the KMV<SUP align="right"><SMALL>1</SMALL></SUP> model to verify the results. Additionally, the Altman Z-Score model is used to provide an alternative approach to credit risk modelling. The paper shows that the financial metrics of a firm are a critical determinant of credit risk, with firms that have worse financial metrics being more likely to default. The paper's findings are relevant to investors and other stakeholders who rely on credit ratings to make investment decisions. By providing a better understanding of the creditworthiness of Indian firms, the paper may help investors to make more informed investment decisions. The study also contributes to current finance research by providing alternative methods for estimating credit risk. Overall, the paper's empirical analysis shows that credit risk modelling is a crucial tool for measuring the creditworthiness of firms. The study provides a comprehensive analysis of the likelihood of default in Indian firms. Journal: Int. J. of Business Continuity and Risk Management Pages: 119-138 Issue: 2 Volume: 14 Year: 2024 Keywords: Merton KMV; credit risk modelling; Altman Z-Score; default probability; asset; volatility. File-URL: http://www.inderscience.com/link.php?id=139035 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:2:p:119-138 Template-Type: ReDIF-Article 1.0 Author-Name: Chatchai Poungsuwan Author-X-Name-First: Chatchai Author-X-Name-Last: Poungsuwan Author-Name: Kanyarat Sukhawatthanakun Author-X-Name-First: Kanyarat Author-X-Name-Last: Sukhawatthanakun Author-Name: Raknarin Sanrach Author-X-Name-First: Raknarin Author-X-Name-Last: Sanrach Title: Confirmatory factor analysis of the adaptation guidelines to technology disruption problems Abstract: This research aimed to examine the second-order confirmatory factors of the adaptation guidelines to technology disruption problems of Thai financial institutions and to turn the efficient practices strategies into a guidelines model. This study was a qualitative and quantitative mixed method research. First, the quantitative data was gathered from 500 executives of Thai financial institutions via questionnaires. Then, descriptive, inference, and multivariate statistics were used to analyse the collected data. Finally, the empirical evidence data from Thai financial institutions were supported by the developed confirmatory factor and second-order confirmatory factor analysis models and passed the evaluation standards. As a result, the four latent variables comprising workforce management, competitiveness, resource management, and business development are suitable for Thai financial institutions' strategies to handle the technology disruption problems. Journal: Int. J. of Business Continuity and Risk Management Pages: 139-158 Issue: 2 Volume: 14 Year: 2024 Keywords: adaptation guidelines; technology disruption problem; business development; Thai financial institutions; confirmatory factor analysis. File-URL: http://www.inderscience.com/link.php?id=139037 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:2:p:139-158 Template-Type: ReDIF-Article 1.0 Author-Name: Ashraf Bataineh Author-X-Name-First: Ashraf Author-X-Name-Last: Bataineh Author-Name: Ziyad Mustafa Shwiyat Author-X-Name-First: Ziyad Mustafa Author-X-Name-Last: Shwiyat Title: The effect of financial incentives for the board of directors on the disclosure level of the quantity and coverage of risks in Jordanian industrial companies Abstract: This study aimed to assess the effect of financial incentives for board members on the disclosure level of both the quantity and coverage of risks within Jordanian industrial companies. To gather data for the study analysis variables spanning from 2019 to 2022, the financial reports of these companies were examined by using statistical analysis program SPSS. The findings indicate a positive correlation between financial incentives, specifically the ownership percentage of non-executive board members and their financial expertise, and the disclosure level of quantity risks within these companies. Furthermore, the results reveal a negative relationship between board member salaries and compensation, and disclosure level of both the quantity and coverage aspects of company risks. Conversely, the educational level of board members positively influenced the disclosure of risk coverage. Regulatory authorities are recommended to encourage companies to strengthen their adherence to corporate governance standards in regulating the disclosure level of company risks. Journal: Int. J. of Business Continuity and Risk Management Pages: 209-229 Issue: 3 Volume: 14 Year: 2024 Keywords: financial incentives; board of directors; disclosure; corporate risks; Jordanian industrial companies. File-URL: http://www.inderscience.com/link.php?id=140574 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:3:p:209-229 Template-Type: ReDIF-Article 1.0 Author-Name: Mohammad Ali Hatefi Author-X-Name-First: Mohammad Ali Author-X-Name-Last: Hatefi Title: Risk assessment of Iran development programs of oil and gas fields: setting up the top-ten list of IDPOGF risk items Abstract: Iran oil and gas sector is one of the most important industries in this country. In upstream branch of this sector, Iran development programs of oil and gas fields (IDPOGF) include very costly and complex programs. Hence, the relevant project/program managers need to have a clear understanding of potential risk factors and risks as well as their impacts. In this study, under a general view to the IDPOGF, identification and analysis of the relevant risks are done. At the identification step, through organising a focus group, risk categories are recognised, risks are identified, and a risk breakdown structure (RBS) is constructed. In the analysis step, three probability and impact (PI) matrices are built, each one for one of the project constraints, i.e., cost-time quality (CTQ), then risk scores and risk ranks are determined. Finally, some registers of the IDPOGF entitled top-ten list of risk items are provided. Such lists could be useful for any future IDPOGF or similar/relative programs. Journal: Int. J. of Business Continuity and Risk Management Pages: 230-254 Issue: 3 Volume: 14 Year: 2024 Keywords: oil and gas; risk assessment; risk breakdown structure; RBS; top-ten risks; focus group. File-URL: http://www.inderscience.com/link.php?id=140575 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:3:p:230-254 Template-Type: ReDIF-Article 1.0 Author-Name: Youcef Oussama Fourar Author-X-Name-First: Youcef Oussama Author-X-Name-Last: Fourar Author-Name: Mébarek Djebabra Author-X-Name-First: Mébarek Author-X-Name-Last: Djebabra Author-Name: Leila Boubaker Author-X-Name-First: Leila Author-X-Name-Last: Boubaker Title: Assessment of the resilience of safety management systems in the Algerian construction sector Abstract: Traditional safety approaches (safety-I) promote the idea that safety arises from preventing adverse events. This is considered as insufficient to succeed in a complex and uncertain environment such as the construction sector. Therefore, the purpose is to assess SMSs capabilities within the framework of resilience engineering in the Algerian construction sector. For this, a cross-sectional exploratory study was conducted using the resilience assessment grid (RAG) questionnaire that assesses SMSs resilience in terms of four abilities (i.e., respond, monitor, learn and anticipate). The questionnaire was distributed to OHS professionals belonging to 31 construction companies operating on a national scale in Algeria. Findings showed that problematic resilience abilities for the Algerian construction sector were the ability to learn and to anticipate. Areas for improvement were highlighted, such as the focus on collaborative planning, the implementation of decentralised monitoring mechanisms and operationalising of continuous improvement principles. Journal: Int. J. of Business Continuity and Risk Management Pages: 287-304 Issue: 3 Volume: 14 Year: 2024 Keywords: safety management system; SMS; resilience engineering; resilience assessment grid; RAG; construction. File-URL: http://www.inderscience.com/link.php?id=140576 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:3:p:287-304 Template-Type: ReDIF-Article 1.0 Author-Name: Rani Mahwish Author-X-Name-First: Rani Author-X-Name-Last: Mahwish Author-Name: Fong Woon Lai Author-X-Name-First: Fong Woon Author-X-Name-Last: Lai Author-Name: Muhammad Kashif Shad Author-X-Name-First: Muhammad Kashif Author-X-Name-Last: Shad Author-Name: Ahmad Ali Jan Author-X-Name-First: Ahmad Ali Author-X-Name-Last: Jan Author-Name: Syed Quaid Ali Shah Author-X-Name-First: Syed Quaid Ali Author-X-Name-Last: Shah Title: Unveiling the hidden risk across project phases and assessing risk management impact on solar photovoltaic project success in the Malaysian context Abstract: Solar photovoltaic (PV) projects are exposed to various risk factors, from planning to use phases. Therefore, there is a need to identify the risks and mitigation strategies to enhance the project's success. Consequently, this study aims to identify and categorise the risks and propose a detailed conceptual framework for solar PV projects. Through systematic literature review and expert consultations, 24 critical risks were identified for each phase. The significance of these risks was assessed using a Likert scale, which ranked (strongly agree = 5, agree = 4, neutral = 3, disagree = 2, and strongly disagree = 1). The results reveal that financial, policy, and design risks in the planning phase, policy and outsourcing risks in the implementation phase, and weather risks in the use phase are intolerable with high likelihood and impact. Furthermore, the findings underscore the positive impact of risk management on project success across all solar PV project phases. The results will help the project managers to estimate the priority of risks better and develop proper mitigation measures at the initial stage of the project. Journal: Int. J. of Business Continuity and Risk Management Pages: 255-286 Issue: 3 Volume: 14 Year: 2024 Keywords: risk indicators; risk assessment matrix; risk management; sustainable solar PV projects. File-URL: http://www.inderscience.com/link.php?id=140577 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:3:p:255-286 Template-Type: ReDIF-Article 1.0 Author-Name: Bhabani Sankar Gouda Author-X-Name-First: Bhabani Sankar Author-X-Name-Last: Gouda Author-Name: Parimal Kumar Giri Author-X-Name-First: Parimal Kumar Author-X-Name-Last: Giri Author-Name: Sudhakar Das Author-X-Name-First: Sudhakar Author-X-Name-Last: Das Author-Name: Trilochan Panigrahi Author-X-Name-First: Trilochan Author-X-Name-Last: Panigrahi Author-Name: Bijay Kumar Paikaray Author-X-Name-First: Bijay Kumar Author-X-Name-Last: Paikaray Title: Predicting and diagnosing self-intermittent faults in a dynamic distributed attack on wireless sensor network Abstract: In the distributed sensor network, it is challenging to secure communication while simultaneously being aware of the intermittent failure situation of a sensor node during the connection. The existing methods rely on KNN with statistical methods and iterative to identify error-free communication for the random behaviour of the sensor node. This research developed a KNN-based method for predicting whether a transmission would be faulted or fault-free and the statistics of sensor received data over a specific time interval, time period, and amount of time measures and compares the distance statistics of the sensor node at a predetermined, specific tolerance level. Moreover, in the simulation study, the entire network is based on the sending and receiving data status in a distributed WSN for real-time measurement with 100% data accuracy, a lower FPR, and a 0% FAR. All the experimental results found the statistical distance from a problematic cluster node exceeds 30%. Journal: Int. J. of Business Continuity and Risk Management Pages: 182-208 Issue: 2 Volume: 14 Year: 2024 Keywords: distributed sensor network; fault diagnosis; statistical method; intermittent fault; KNN; wireless sensor networks; WSN; fuzzy set. File-URL: http://www.inderscience.com/link.php?id=139044 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:2:p:182-208 Template-Type: ReDIF-Article 1.0 Author-Name: Navodika Karunarathna Author-X-Name-First: Navodika Author-X-Name-Last: Karunarathna Author-Name: Dinesha Siriwardhane Author-X-Name-First: Dinesha Author-X-Name-Last: Siriwardhane Author-Name: P.G.S. Amila Jayarathne Author-X-Name-First: P.G.S. Amila Author-X-Name-Last: Jayarathne Title: COVID-19 induced supply chain disruptions and economic vulnerability of vegetable and fruit farmers: a Sri Lankan perspective Abstract: Despite the significance and vulnerability of the vegetable and fruit supply chains, little is known about the disruptions caused by COVID-19 and its implications on the farmers' livelihood. Hence, the main objective of this study is to examine the impact of COVID-19-induced supply chain disruptions on the economic vulnerability of small-scale farmers. Surveying 280 farmers across eight high-crop districts, logistic regression analysis in SPSS was conducted. The findings revealed that most farmers continued to cultivate even amid the pandemic although they had to face several challenges. It is reasonable to conclude that the transportation and demand disruptions caused by the COVID-19 measures have aggravated the economic vulnerability of small-scale farmers more than the supply and production disruptions during the crisis period. Journal: Int. J. of Business Continuity and Risk Management Pages: 159-181 Issue: 2 Volume: 14 Year: 2024 Keywords: agriculture; COVID-19; economic vulnerability; supply chain disruptions; vegetable and fruit farmers; Sri Lanka. File-URL: http://www.inderscience.com/link.php?id=139045 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:2:p:159-181 Template-Type: ReDIF-Article 1.0 Author-Name: Kyoo-Man Ha Author-X-Name-First: Kyoo-Man Author-X-Name-Last: Ha Title: Pursuing diversity in disaster management: the Korean experience Abstract: Developed nations have made efforts toward diversity during globalisation, according to an analysis of costs and benefits. However, Korean researchers have not thoroughly discussed disaster management. This study examined how Korea should incorporate diversity in the final goal of disaster management. Qualitative content analysis including inference was used to compare the finger-pointing and survival-hugging approaches by cross-checking four categories of diversity (sexual orientation, national origin, disability, and others) and four major stakeholders (governments, businesses, voluntary organisations, and local communities). The key theme was that Korea must change the finger-pointing approach to the survival-hugging approach while enhancing minority participation, whole-community engagement, new sub-topics, and education, as well as each stakeholder's assigned role. The biggest value of this research is that it investigated diversity in Korea more rigorously than previous studies. Journal: Int. J. of Business Continuity and Risk Management Pages: 1-16 Issue: 5 Volume: 14 Year: 2024 Keywords: national disaster management; globalisation; finger-pointing approach; survival-hugging approach; education. File-URL: http://www.inderscience.com/link.php?id=139814 File-Format: text/html File-Restriction: Open Access Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:5:p:1-16 Template-Type: ReDIF-Article 1.0 Author-Name: Rima Derradji Author-X-Name-First: Rima Author-X-Name-Last: Derradji Author-Name: Rachida Hamzi Author-X-Name-First: Rachida Author-X-Name-Last: Hamzi Title: The convergence of process-risk management and decision-making: an integrated vision Abstract: This paper explores the complementarity between integrated process risk management and decision-making within organisations. By combining these domains, organisations can develop a proactive approach to identify, assess, mitigate, and monitor risks while optimising processes. Integration requires aligning goals, fostering a risk-aware culture, and leveraging technology for enhanced decision-making. The paper presents a conceptual framework highlighting the interplay between integrated process-risk management and decision-making, emphasising the need for a comprehensive approach in today's complex business environment. Benefits include improved resilience, agility, and adaptability. Furthermore, the role of decision support systems and data analytics in facilitating the integration process is discussed. Practical examples and case studies demonstrate the application and effectiveness of the integrated vision of decision-making. Ultimately, this paper contributes to advancing organisational management by emphasising the importance of integrating process-risk management and decision-making for strategic decision-making processes. Journal: Int. J. of Business Continuity and Risk Management Pages: 305-326 Issue: 3 Volume: 14 Year: 2024 Keywords: decision making; integrated process risk management; GRAI oriented risk; SADT oriented risk. File-URL: http://www.inderscience.com/link.php?id=141606 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:3:p:305-326 Template-Type: ReDIF-Article 1.0 Author-Name: Levis Omusugu Amuya Author-X-Name-First: Levis Omusugu Author-X-Name-Last: Amuya Author-Name: Peterson Mwai Kariuki Author-X-Name-First: Peterson Mwai Author-X-Name-Last: Kariuki Title: Enhancing enterprise security risk management adoption in Kenyan universities: the role of administrative staff commitment Abstract: This study explores the association between administrative staff commitment and the adoption of enterprise security risk management (ESRM) within accredited universities in Kenya. Drawing on institutional and diffusion of innovation theories, the research emphasises the pivotal role of administrative commitment in institutionalising ESRM. A sample of 42 institutions, comprising 22 public and 20 private universities, was selected from 75 accredited universities. Questionnaire responses from security executives were analysed using Spearman's correlation and ordinal logistic regression. The findings reveal a significant and positive influence of administrative staff commitment on ESRM adoption. The study highlights that commitment from university administrators, accounts for 55.2% of the variance in ESRM adoption, underscoring the need for prioritising security risk management at the institutional level. The findings suggest a strategic approach, urging administrators to integrate ESRM into mission statements and elevate leadership commitment to a policy requirement, thereby advancing effective ESRM institutionalisation in higher education. Journal: Int. J. of Business Continuity and Risk Management Pages: 355-370 Issue: 4 Volume: 14 Year: 2024 Keywords: enterprise risk management; ERM; enterprise security risk management; ESRM; security risk management; administrative staff commitment; higher education; accredited universities; ESRM adoption. File-URL: http://www.inderscience.com/link.php?id=142648 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:4:p:355-370 Template-Type: ReDIF-Article 1.0 Author-Name: Sasmita Kumari Nayak Author-X-Name-First: Sasmita Kumari Author-X-Name-Last: Nayak Author-Name: Satyajit Pattnaik Author-X-Name-First: Satyajit Author-X-Name-Last: Pattnaik Author-Name: Mohammed Siddique Author-X-Name-First: Mohammed Author-X-Name-Last: Siddique Author-Name: Mamata Garanayak Author-X-Name-First: Mamata Author-X-Name-Last: Garanayak Author-Name: Bijay Kumar Paikaray Author-X-Name-First: Bijay Kumar Author-X-Name-Last: Paikaray Title: A hybrid CNN-LSTM approach to enhancing temperature forecasting for environmental threats and risk management Abstract: Temperature is the most important element of weather, which is applicable in varied study areas such as environmental, ecological, industry, agriculture sectors, etc. This research platforms the practicality of utilising a combination of convolutional neural networks and learning paradigms to forecast weather conditions in the eastern region of India, New Delhi. The authors propose long short-term memory (LSTM) networks, convolutional neural networks (CNNs) and examine how they compare to hybrid CNN-LSTM model for temperature forecasting. Our aim is to address these issues through a representation, which jointly predicts temperature over time. Experiments on actual meteorological data used in our evaluation of the models highlight the approach's potential. We also used accuracy, mean square error (MSE), and root mean square error (RMSE) to estimate these models' outcome. Our findings demonstrate that the proposed CNN-LSTM model delivers the best outcomes because of its accuracy and small error rates. Journal: Int. J. of Business Continuity and Risk Management Pages: 371-391 Issue: 4 Volume: 14 Year: 2024 Keywords: convolutional neural network; CNN; deep learning; long short-term memory; LSTM; temperature prediction. File-URL: http://www.inderscience.com/link.php?id=142649 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:4:p:371-391 Template-Type: ReDIF-Article 1.0 Author-Name: Rune Vikane Author-X-Name-First: Rune Author-X-Name-Last: Vikane Author-Name: Jon Tømmerås Selvik Author-X-Name-First: Jon Tømmerås Author-X-Name-Last: Selvik Author-Name: Eirik Bjorheim Abrahamsen Author-X-Name-First: Eirik Bjorheim Author-X-Name-Last: Abrahamsen Title: On the applicability of the Wood Review recommendations for Norwegian decommissioning Abstract: The Wood Review (2014) is a comprehensive review of the regulation and stewardship of the UK petroleum industry. It identifies and addresses key challenges facing the UK, among them the lack of a strong regulatory body and a decommissioning strategy. The UK Continental Shelf is a mature region, and lessons learned in UK decommissioning may help other nations such as Norway meet future decommissioning challenges. In this paper the applicability of the Wood Review recommendations for decommissioning in Norway is investigated through a SWOT-analysis. Decommissioning of offshore infrastructure is a major task, and minor improvements may have a substantial impact on personnel risk, environmental risk, and the total decommissioning expenditure. The Norwegian regulatory regime has been an integral part of the Norwegian petroleum industry's success in previous decades, and regime change requires careful deliberation. The analysis indicates Norway and also other countries may benefit from adopting several of the UK initiatives originating from the Wood Review recommendations. Journal: Int. J. of Business Continuity and Risk Management Pages: 327-354 Issue: 4 Volume: 14 Year: 2024 Keywords: decommissioning; lessons learned; regulation; strategy; Wood Review. File-URL: http://www.inderscience.com/link.php?id=142653 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:4:p:327-354 Template-Type: ReDIF-Article 1.0 Author-Name: Peace Kumah Author-X-Name-First: Peace Author-X-Name-Last: Kumah Author-Name: Winfred Yaokumah Author-X-Name-First: Winfred Author-X-Name-Last: Yaokumah Author-Name: Kwame Okwabi Asante-Offei Author-X-Name-First: Kwame Okwabi Author-X-Name-Last: Asante-Offei Title: The role of skills, processes and technology in information security risk management Abstract: Managing security resources can be challenging as it is easy to apply too much, too little, or even the wrong security measures, leading to excessive spending and a failure to mitigate risk adequately. This quantitative study analyses the role of security resources (including skills, processes, and technology) in risk management. The study employed a random sampling strategy to collect data from five major industry sectors and conducted a web survey. Three multiple regression analyses were then performed to evaluate the relative significance of skills, processes, and technology in risk assessment and analysis within risk management practices. The results demonstrate that skills, processes, and technology account for 79.9% of the variation in risk assessment, 77.7% in risk analysis, and 85% in overall risk management. Skills and processes played the most significant roles in all models compared to technology. Therefore, organisations should prioritise security skills and processes to improve risk management practices. This study provides a model for examining the importance of security resource management in risk management practices, enhancing our understanding of the security resources that contribute significantly to effective risk management. Journal: Int. J. of Business Continuity and Risk Management Pages: 392-412 Issue: 4 Volume: 14 Year: 2024 Keywords: information security; security resource management; skills; processes; technology; risk management; risk assessment; risk analysis. File-URL: http://www.inderscience.com/link.php?id=142654 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:4:p:392-412 Template-Type: ReDIF-Article 1.0 Author-Name: Sarthak Bhatt Author-X-Name-First: Sarthak Author-X-Name-Last: Bhatt Author-Name: MohammedShakil S. Malek Author-X-Name-First: MohammedShakil S. Author-X-Name-Last: Malek Author-Name: Jayesh Juremalani Author-X-Name-First: Jayesh Author-X-Name-Last: Juremalani Title: Towards resilient infrastructure: identifying and prioritising important risk factors in PPP road projects Abstract: This research aims to identify and assess important risk factors (IRFs) that impact Indian road projects implemented via public-private partnership (PPP). Thirty-seven IRFs, which specialists from various fields had approved, were analysed using questionnaire surveys that included important project stakeholders and academics. Using the importance index method, researchers identified two critical and seventeen very relevant risk variables across the six phases of the project. The investigation utilises rigorous statistical approaches to assess perceptions, focusing on Gujarat, India. The results provide a detailed understanding of the complex environment of IRFs in PPP road projects, delivering practical insights that can be used for project planning and risk management. This study provides crucial insights into the dynamics of PPP in the context of the Indian road sector. It helps in making well-informed decisions and promoting resilience in infrastructure development projects. Journal: Int. J. of Business Continuity and Risk Management Pages: 413-435 Issue: 4 Volume: 14 Year: 2024 Keywords: important risk factors; IRFs; Gujarat; highway; India; roads; public-private partnership; PPP. File-URL: http://www.inderscience.com/link.php?id=142656 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbcrm:v:14:y:2024:i:4:p:413-435