Information support in the enterprise risk management


Borisova V. V., Panfilova E. E., Zhukov P. V., Matulis S. N., Matveev V. V., Teymurova V.

International Journal of Management and Business Research, vol.9, no.1, pp.158-169, 2019 (Scopus) identifier

  • Publication Type: Article / Article
  • Volume: 9 Issue: 1
  • Publication Date: 2019
  • Journal Name: International Journal of Management and Business Research
  • Journal Indexes: Scopus
  • Page Numbers: pp.158-169
  • Keywords: Effective Entrepreneurial Development, Enterprise Security Policy, Information Security, Risk Management
  • Azerbaijan State University of Economics (UNEC) Affiliated: Yes

Abstract

The main information support issue in the risk management system is that the same information, which reflects the development and the occurrence of risks, gives different results when taking into account various factors of the enterprise. The information is dynamic and it correlates with production types and levels. In the modern world, the development of scientific knowledge in computer science still does not provide any unambiguous methods to characterize the quantity and quality of available information. In our research we discuss the features and existing problems related to the information support in enterprise risk management. The purpose of our research is to determine how information security and support influence the level of risks and uncertainties; examine the focus shift in risk management from the theory of calculations to making effective management decisions. Our research is based on the use of three main methods NIST, CRAMM and OCTAVE, as well as such techniques as interviewing and commission methods which were used to assess and manage enterprise risks. Within the framework of our research, the risk management algorithm was improved while maintaining the continuity of the information security system, which takes into account positive features of the studied techniques and minimizes their shortcomings. As a result of the research and the use of the techniques, a risk management technology to achieve maximum performance of the enterprise has been proposed.