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Risk Evaluation of the Reengineering Projects: A Case Study Analysis

Author

Listed:
  • Nestor Shpak
  • Oleg Sorochak
  • Maryana Hvozd
  • WÅ‚odzimierz Sroka

Abstract

Work objective includes the development of risk level estimation method for the implementation of the business processes reengineering projects at the instrument-making enterprises based on fussy set theory. The article analyzes and highlights the risks in the system of project management and reengineering programs for business processes at enterprises. The risk groups and their types that can arise during the reengineering of business processes at instrument-making enterprises are systematized and allocated, in particular: investment, financial, organizational, technical, technological, operational and informational. To assess the impact of these risks on the effectiveness of reengineering projects, a method based on the theory of fuzzy sets is proposed. JEL Codes - C49; O32; P42

Suggested Citation

  • Nestor Shpak & Oleg Sorochak & Maryana Hvozd & WÅ‚odzimierz Sroka, 2018. "Risk Evaluation of the Reengineering Projects: A Case Study Analysis," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 65(2), pages 215-226, June.
    • Handle: RePEc:aic:saebjn:v:65:y:2018:i:2:p:215-226:n:108
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    References listed on IDEAS

    as
    1. Georges Dionne, 2013. "Risk Management: History, Definition, and Critique," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 16(2), pages 147-166, September.
    2. Koutsoukis, Nikitas-Spiros, 2010. "Risk Management Standards: Towards a contemporary, organisation-wide management approach," MPRA Paper 61031, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    reengineering technological business process; risk; instrument-making enterprise; fuzzy set theory;
    All these keywords.

    JEL classification:

    • C49 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Other
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • P42 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Productive Enterprises; Factor and Product Markets; Prices

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