Conceptual model of risk: towards a risk modeling language

Authors:
Amadou Sienou;Elyes Lamine;Achim Karduck;Hervé Pingaud
Affiliations:
École des mines d'Albi-Carmaux, Centre de Génie Industriel, Albi Cedex 09, France;École des mines d'Albi-Carmaux, Centre de Génie Industriel, Albi Cedex 09, France;Hochschule Furtwangen, Faculty of Computer Science, Furtwangen, Germany;École des mines d'Albi-Carmaux, Centre de Génie Industriel, Albi Cedex 09, France
Venue:
WISE'07 Proceedings of the 2007 international conference on Web information systems engineering
Year:
2007

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Abstract

Nowadays organisations are subjects to frequent changes requiring continuous strategic alignment of business processes subject to increasing compliance requirements. We suggest a holistic integration of process management and risk management supporting a robust management of business processes while improving organisation's resilience. The integration is based on a conceptual integration of risks and processes through meta-models. This paper is about a unified conceptual model of risk, which is a foundation for defining a semi-formal risk modelling language.