Title: The convergence of process-risk management and decision-making: an integrated vision

Authors: Rima Derradji; Rachida Hamzi

Addresses: LRPI Laboratory, University of Batna 2, Algeria ' LRPI Laboratory, University of Batna 2, Algeria

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.

Keywords: decision making; integrated process risk management; GRAI oriented risk; SADT oriented risk.

DOI: 10.1504/IJBCRM.2024.141606

International Journal of Business Continuity and Risk Management, 2024 Vol.14 No.3, pp.305 - 326

Received: 18 Jun 2023
Accepted: 24 Dec 2023
Published online: 26 Sep 2024 *

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