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Transactions: WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS
Transactions ID Number: 52-576
Full Name: Miroslav Kovaèec
Position: Ph.D. Candidate
Age: ON
Sex: Male
Address: Hum na Sutli 203, 49231 Hum na Sutli
Country: CROATIA (HRVATSKA)
Tel: 385 49 326 239
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E-mail address: miroslav.kovacec@vetropack.hr
Other E-mails: ana.pilipovic@fsb.hr
Title of the Paper: Risk matrix for introducing WISEPPC system in the production of glass containers
Authors as they appear in the Paper: Miroslav Kovaèec, Ana Pilipoviæ, Nedeljko Štefaniæ
Email addresses of all the authors: miroslav.kovacec@vetropack.hr, ana.pilipovic@fsb.hr, nedeljko.stefanic@fsb.hr
Number of paper pages: 12
Abstract: The key factor of success for the development of a project is risk identification, as well as the development of a risk management system. Risk management is a discipline which comprises methods and principles that are part of the lifecycle of a project. Successful realization of projects and their application greatly depend on the risk management. Companies should adapt and react fast to the variable market requirements and high risk, since they are constantly exposed to various types of risks. Risk usually accompanies every business and directly affects the result. Therefore, risk management is constantly necessary in an environment where the operating and business conditions change fast, in order to achieve the strategic advantages of a company. Aim of this paper is to provide risk matrix in introducing the system for monitoring glass container pressing procedures. The example of introducing a new monitor system in the process of pressing on glass-producing ma!
chines will be used to process the risks that occurred in connection with this project. In the paper it will be given the definition of risk and risk management process, which is divided into planning, assessment, response, monitoring and control and explanation of their importance. In the second part will be briefly described the process of shaping glass gobs and NNPB production process (Narrow Neck Press and Blow process) and WISEPPC system (Wireless Sensor Plunger Position Control) in order to better understand the potential risks matrix on the system for monitoring the process of pressing WISEPPC. And in the last part will be shown tools and methods for qualitative analysis of project risks, as well as potential risks on the system for monitoring the process of pressing WISEPPC with respective risk matrix.
Keywords: Risk management, Methods for risk analysis, Glass gob, Wireless Sensor Plunger Position Control WISEPPC, Narrow neck press and blow process NNPB
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