1. Valentin Petru MĂZĂREANU, PhD.
Risk Management Researcher andTeaching Assistant
The Faculty of Economics and Business
Administration“Alexandru Ioan Cuza” University of Iasi
ADVANTAGES OF USING A DYNAMIC
RISK MANAGEMENT APPROACH

2. Agenda
 A brief introduction to risk management
 New factors leading to a new approach
 Dynamic risk management (DRM) approach – premises for a
new model of risk management
 A new risk management model and its practices as the main
advantages of the DRM approach

3. Risk Management – overview
Start-up
-Risk Management Planning
(internal & external environment)
- Risk Identification
- Quantitative Risk Assesment
- Qualitative Risk Assesment
- Risk Response Planning
(develop & implement)
- Monitoring & Control

4. Risk Management – deeper overview
OBJECTIVES
ORGANIZATION
ASSET
CONTROL MEASURES?
VULNERABILITY
RISK
RISK MANAGEMENT
THREAT
-Natural disaster
-Errors
-Attacks

5. What’s New ?
Scope
(Features,Functionality)
Resources
(cost,budget)
Schedule
(Time)
QUALITY
Human Factor
(motivation)
Client
(speed vs.price)
Methodology
(PMI,Prince2)
Scope
(Features,Functionality)
Resources
(cost,budget)
Schedule
(Time)
From IRONTRIANGLE to IRON DIAMOND
INFORMATION SYSTEMS (Dependence /Addicted)

6.  the increasing use of information and communication
technology and electronic business development;
 the development of wireless communication technologies
and the fact that organizations use these technologies in their
business models;
 the increasing phenomenon of cybercrime and the role of
information systems security;
 Moving our (professional & personal) life online
Factors leading to new approach

7. Web Revolution: 1.0, 2.0, 3.0 ...
 Social Media … a very useful tool(?):
 Networking (ex.Profesional social network)
 Comunication (ex.Friednship social network)
 Recruting (ex.viaTwitter)
 Training (ex.skype coaching,Go2Meeting.com)
 Marketing (!!! Social media is not Sales media)
 ...

8. From SaaS to Crimeware as a Service
-Where do you buy your OS ?
- HINT:DC++,Torrents,Mule etc.

9. Security self assessment ?!
 Do you complete surveys / Do you have a social profile (eg.
Facebook,Twitter, MySpace, HI5 …)
 What’s your favorite movie?
 What’s your favorite book?
 What’s your favorite pet?

10.  Black SwanTheory: exploiting the high impact events (ex.Lady
Diana,Michel Jackson,president of Poloniei etc.)
 Scareware (fake information about a potential virus)
 Rougue atac– BUY an antivirus!
ROUGUE & Black Swan Theory

11. Advantages of DRM Approach: New Model
& New Practices
Start-up
Architectural analysis = Planning Phase Security issues at the time they appear

12. DRM Approach = Changing the
(security) Risk Management Model
Barry Boehm Model (adapted)

13. Using BI for faster response & better foresight

14. Using GIS for improving the capacity to
understand data
ps. But be aware of geo-localization (eg. Foresquare,Twitter with Gmap integrated)

15. Using risk management software for
deeper understanding of risk

16. Conclusions
 Risk Management model needs toADAPT to present times
 Dynamic Risk Management acts like JUST INTIME
 Dynamic Risk Management is about using INFORMATION
SYSTEMS In risk modeling
 Dynamic Risk Management requires USER AWARENESS

17. Thank you!
 Valentin Petru MĂZĂREANU, PhD.
Risk Management Researcher andTeachingAssistant
The Faculty of Economics and BusinessAdministration,
"Alexandru Ioan Cuza" University from Iassy, Romania
 www.managementul-riscurilor.ro
 Twitter: @valimazareanu