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Risk analysis methodology designed for small and medium enterprises

Author

Listed:
  • Ladislav Beránek

    (University of South Bohemia in České Budějovice)

  • Radim Remeš

    (University of South Bohemia in České Budějovice)

Abstract

The aim of this paper is to present risk analysis procedures successfully applied by several Czech small and medium enterprises. The paper presents in detail the individual steps we use in risk analysis of small and medium enterprises in the Czech Republic. Suggested method to risk analysis is based on the modification of the FRAP methodology and the BITS recommendation. Modifications of both methodologies are described in detail. We propose modified risk analysis methodology which is quick and hence less demanding on resources. The methodology has proven itself in a number of cases when we performed risk analysis at small and medium enterprises.

Suggested Citation

  • Ladislav Beránek & Radim Remeš, 2009. "Risk analysis methodology designed for small and medium enterprises," Acta Universitatis Bohemiae Meridionales, University of South Bohemia in Ceske Budejovice, vol. 12(2), pages 65-70.
    • Handle: RePEc:boh:actaub:v:12:y:2009:i:2:p:65-70
    DOI: 10.32725/acta.2009.024
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