The dynamics of political changes (e.g., globalization, terrorism, collective security), economic factors (e.g., competition for customers, acquiring new markets), robotization, automation, and computerization force organizations to seek and apply modern management methods that take into account, among other things, “risk”.
Poland’s membership in NATO opens up access to international defense industry markets for Polish companies, provided they meet the requirements contained in the fundamental document STANAG 4107 (a NATO standardization agreement ratified by member states), which defines the principles for the supply, production, and acquisition of defense products. STANAG 4107 introduces AQAP (Allied Quality Assurance Publication) – NATO standardization publications regarding quality assurance, both “contractual” and “guidance” types, which regulate the rules for conducting the process of mutual Government Quality Assurance (GQA).
Risk and risk management
In Persian, the word rozi(k) means fate. In Spanish, ar-risco means both courage and danger – similar to French. In English, risk refers to a situation causing danger, although the word hazard is more commonly used as a synonym for a potential source of threat. Many encyclopedias state that the word risk originates from Latin, where the verb risicare means to avoid something – similar to Italian, where ris(i)co means a reef that a (merchant) ship should avoid. Historically, the dominant emphasis of the word risk in most cultures was the danger threatening sailors and merchants.
Modern risk is defined as:
1. “a deficit of information regarding the realization of one designated goal or multiple goals”,
2. “the potential impossibility of achieving the goals of a project or contract in accordance with specified requirements regarding product parameters (characteristics), delivery schedules, or costs”,
3. “the possibility of not obtaining the intended results of business activity, incurring unintended losses, or expenditures higher than anticipated”,
4. “the possibility of deviations from intended operational results, where these deviations are subject to the law of large numbers and can be predicted using probability calculus”.
Risk covers all phases of a product’s life cycle (starting from its creation and ending with disposal) as well as processes (occurring in every phase of the product’s life) that can be implemented throughout the entire organization or only in a single project.
The article comes from the magazine “Logistyka” 6/2006.