Authors: Catalin Ionut SILVESTRU, Ramona SILVESTRU, Ana Maria IFRIM
Abstract: The national and international macroeconomic and financial context has remained steady in recent years,
contributing to some protection for organizations. However, we cannot say that organizations are not subject to
risks, which means that risk management is considered a component of management that can be found at any
organizational level. Managers manage the organization's revenue and costs through a performance system. They
manage risks at the economic entity level, be they financial, economic, strategic, or operational, using quantitative
instruments or with professional experience and reasoning. Addressing risk as a whole has become much more
important with globalization. Thus, mathematical modeling of risk became important, and companies allocated
much more time to this aspect. The potential exposure of organizations to internal and external risks determines that
each legal entity has a proactive approach from the point of view of risks. This paper aims to analyze the methods
of identifying and assessing economic risks, mainly in the context of company sustainability, using qualitative tools
for risk measurement. The case study is carried out on a construction company.
Keywords: risk management, qualitative indicators, quantitative indicators, sustainability of companies
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