QUALITY MANAGEMENT IN TERMS OF STRENGTHENING THE "THREE LINES OF DEFENCE" IN RISK MANAGEMENT - PROCESS APPROACH
The authors of the paper analyze risk management processes contained in the model considering its longstanding application in many European organisations. The paper also analyses quality management system (QMS) standards and risk management (RM) standards. It particularly addresses the process appro...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Center for Quality, Faculty of Engineering, University of Kragujevac, Serbia
2015-06-01
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| Series: | International Journal for Quality Research |
| Subjects: | |
| Online Access: | http://www.ijqr.net/journal/v9-n2/5.pdf |
| _version_ | 1818429235156484096 |
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| author | Radoica Luburic Milan Perovic Rajko Sekulovic |
| author_facet | Radoica Luburic Milan Perovic Rajko Sekulovic |
| author_sort | Radoica Luburic |
| collection | DOAJ |
| description | The authors of the paper analyze risk management processes contained in the model considering its longstanding application in many European organisations. The paper also analyses quality management system (QMS) standards and risk management (RM) standards. It particularly addresses the process approach to QMS which, when coupled with active involvement of employees and constant improvements, makes this approach interesting as the topic of this paper. The analyses herein resulted in integrating the process approach in the "Three Lines of Defence" model with the primary objective of the model strengthening. This is to be achieved by integrating "process owner" and "risk owner" in one person or one management team in any process with its own risk. |
| first_indexed | 2024-12-14T15:14:17Z |
| format | Article |
| id | doaj.art-aa90054b61f94d72a7429b3e5cf6e415 |
| institution | Directory Open Access Journal |
| issn | 1800-6450 1800-7473 |
| language | English |
| last_indexed | 2024-12-14T15:14:17Z |
| publishDate | 2015-06-01 |
| publisher | Center for Quality, Faculty of Engineering, University of Kragujevac, Serbia |
| record_format | Article |
| series | International Journal for Quality Research |
| spelling | doaj.art-aa90054b61f94d72a7429b3e5cf6e4152022-12-21T22:56:25ZengCenter for Quality, Faculty of Engineering, University of Kragujevac, SerbiaInternational Journal for Quality Research1800-64501800-74732015-06-0192243250QUALITY MANAGEMENT IN TERMS OF STRENGTHENING THE "THREE LINES OF DEFENCE" IN RISK MANAGEMENT - PROCESS APPROACHRadoica Luburic0Milan Perovic1Rajko Sekulovic2Central Bank of Montenegro, MontenegroUniversity of Montenegro, MontenegroCentral Bank of Montenegro, MontenegroThe authors of the paper analyze risk management processes contained in the model considering its longstanding application in many European organisations. The paper also analyses quality management system (QMS) standards and risk management (RM) standards. It particularly addresses the process approach to QMS which, when coupled with active involvement of employees and constant improvements, makes this approach interesting as the topic of this paper. The analyses herein resulted in integrating the process approach in the "Three Lines of Defence" model with the primary objective of the model strengthening. This is to be achieved by integrating "process owner" and "risk owner" in one person or one management team in any process with its own risk.http://www.ijqr.net/journal/v9-n2/5.pdfProcessRiskProcess OwnerRisk OwnerThree Lines of Defence |
| spellingShingle | Radoica Luburic Milan Perovic Rajko Sekulovic QUALITY MANAGEMENT IN TERMS OF STRENGTHENING THE "THREE LINES OF DEFENCE" IN RISK MANAGEMENT - PROCESS APPROACH International Journal for Quality Research Process Risk Process Owner Risk Owner Three Lines of Defence |
| title | QUALITY MANAGEMENT IN TERMS OF STRENGTHENING THE "THREE LINES OF DEFENCE" IN RISK MANAGEMENT - PROCESS APPROACH |
| title_full | QUALITY MANAGEMENT IN TERMS OF STRENGTHENING THE "THREE LINES OF DEFENCE" IN RISK MANAGEMENT - PROCESS APPROACH |
| title_fullStr | QUALITY MANAGEMENT IN TERMS OF STRENGTHENING THE "THREE LINES OF DEFENCE" IN RISK MANAGEMENT - PROCESS APPROACH |
| title_full_unstemmed | QUALITY MANAGEMENT IN TERMS OF STRENGTHENING THE "THREE LINES OF DEFENCE" IN RISK MANAGEMENT - PROCESS APPROACH |
| title_short | QUALITY MANAGEMENT IN TERMS OF STRENGTHENING THE "THREE LINES OF DEFENCE" IN RISK MANAGEMENT - PROCESS APPROACH |
| title_sort | quality management in terms of strengthening the three lines of defence in risk management process approach |
| topic | Process Risk Process Owner Risk Owner Three Lines of Defence |
| url | http://www.ijqr.net/journal/v9-n2/5.pdf |
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