Using risk heat map approach as a tool to manage enterprise financial and zoning threats in the construction industry in Iraq
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International Journal of Engineering Trends and Technology (IJETT) |  |
| © 2016 by IJETT Journal | ||
| Volume-34 Number-4 |
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| Year of Publication : 2016 | ||
| Authors : Mohammed k. AL- Mhdawi, Dr. Hatim A. Rashid |
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| DOI : 10.14445/22315381/IJETT-V34P233 |
Citation
Mohammed k. AL- Mhdawi, Dr. Hatim A. Rashid "Using risk heat map approach as a tool to manage enterprise financial and zoning threats in the construction industry in Iraq", International Journal of Engineering Trends and Technology (IJETT), V34(4),159-164 April 2016. ISSN:2231-5381. www.ijettjournal.org. published by seventh sense research group
Abstract
the goal of the research is to achieve the financial and zoning threats management by conducting management steps ( defining ,analysing and finding the suitable response actions . A total number of 45 questionnaire forms were distributed to the public sector only ,with a returning percentage of (91.11%) from the total sample size. Research finding shows that (7.69%) of the financial threats are located in the green zone witch consider low risk factors , while a percentage of (38.46%) of the gathered threats are located in the yellow zone witch is a moderate threat zone . Percentage of (53.84%) of the financial threats are located in the brown zone witch can be describes as a high threat factors .There were no threats located in the red zone (extreme risk zone). In another hand for the zoning threats the findings shows that since this research only contain four zoning threats only one of them are located in the green zone with a percentage of 25% from the gathered zoning threats . The remaining zoning threats are located in the yellow zone (moderate threat zone). There were no zoning threats located in the red zone.
References
[1] A recommended approach for developing a corporate risk profile (2011) Available at : http://www.tbs-sct.gc.ca/tbssct/ rm-gr/guides/gcrp-gepro03-eng.asp
[2] chartered global management accountant 2013 Available at:http://www.cgma.org/Resources/Tools/essentialtools/ Pages/risk-heat-maps.aspx
[3] Joe Orange ?Effective Auditing For Corporates: Key Developments in Practice and Procedures .2012 London south banks university
[4] Kim Heldman ?PMP: Project Management Professional Exam Study Guide ,2012
[5] Risk Management Guideline for the BC Public Sector (Province of British Columbia Risk Management Branch and Government Security Office 2012, Canada .
[6] Washington state department of transportation (WSDPT) Project Risk Management Guide November 2014,USA.
Keywords
Heat map, financial and zoning threats, project risk management, qualitative risk analysis.