Proceedings of the 4th International Conference on Informatics, Technology and Engineering 2023 (InCITE 2023)

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The House of Risk with Multi-Actor Approach Aligned with ISO 31000:2018 for Effective Risk Management in Business with Risky Environment

Authors
Evy Herowati1, Rosita Meitha Surjani1, *, I Made Panca Bayu Tarsa Ragacca1
1Industrial Engineering Department, University of Surabaya, Surabaya, Indonesia
*Corresponding author. Email: meitha@staff.ubaya.ac.id
Corresponding Author
Rosita Meitha Surjani
Available Online 19 November 2023.
DOI
10.2991/978-94-6463-288-0_28How to use a DOI?
Keywords
House of Risk; Multi Actor; ISO 31000:2018
Abstract

Effective risk management requires a thorough comprehension of risks and the involvement of multiple actors in the process. In conjunction with the internationally recognized ISO 31000 standard, the House of Risk (HOR) framework provides a robust approach to risk management. This article examines the HOR concept and its alignment with ISO 31000:2018. It highlighted the advantages of utilizing a multi-actor approach and applied it to a rafting business, a recreational activity business involving customers as participants. As a result of risk identification, there are twenty-three Risk Events caused by twenty Risk Agent (RA). In HOR Multi-Actor phase 1, eleven RAs were selected based on their CARPs’ values and the Pareto principle, and twenty Preventive Actions (PAs) were identified from discussion with related company’s stakeholder. HOR Multi-Actor phase 2 generated eight PAs based on the implementation difficulty and the correlation between PAs and the RAs. Based on these eight PAs, further sifting was performed using pairwise comparison, and finally, three highest-ranked PAs were selected to be implemented.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 4th International Conference on Informatics, Technology and Engineering 2023 (InCITE 2023)
Series
Atlantis Highlights in Engineering
Publication Date
19 November 2023
ISBN
10.2991/978-94-6463-288-0_28
ISSN
2589-4943
DOI
10.2991/978-94-6463-288-0_28How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Evy Herowati
AU  - Rosita Meitha Surjani
AU  - I Made Panca Bayu Tarsa Ragacca
PY  - 2023
DA  - 2023/11/19
TI  - The House of Risk with Multi-Actor Approach Aligned with ISO 31000:2018 for Effective Risk Management in Business with Risky Environment
BT  - Proceedings of the 4th International Conference on Informatics, Technology and Engineering 2023 (InCITE 2023)
PB  - Atlantis Press
SP  - 326
EP  - 339
SN  - 2589-4943
UR  - https://doi.org/10.2991/978-94-6463-288-0_28
DO  - 10.2991/978-94-6463-288-0_28
ID  - Herowati2023
ER  -