Andrijana Džamić, MSc, is a Teaching Assistant at the Department of Operations Research and Statistics, University of Belgrade, Faculty of Organizational Sciences. She received a BSc degree in Operations Management in 2016 and an MSc degree in Business Analytics from the University of Belgrade, Faculty of Organizational Sciences, in 2017. She started her PhD studies in Operations Research at the same institution in 2019. She has received multiple awards for teaching excellence at the Faculty of Organizational Sciences, University of Belgrade, from 2018 to 2019. She led the team from the Faculty of Organizational Sciences to notable achievements in the INFORMS O.R. and Analytics Student Team Competition. Their work resulted in a fourth prize for "Non-convex Portfolio Optimization" in 2018 in Baltimore, Maryland, and an honorable mention for "Redefining Vehicle Delivery with Autonomous Cars" in 2019 in Austin, Texas. She presented her Master's thesis in April 2018 at the Student Seminar of the Mathematical Institute of the Serbian Academy of Sciences and Arts (SANU), upon invitation by the committee for the Student Award of the Mathematical Institute of SANU in the field of computer science. She has excellent analytical, modeling and organizational skills, excellent teamwork abilities, and advanced computer skills. In terms of programming languages, she possesses knowledge of general-purpose languages such as C and Python. Additionally, she has knowledge of algebraic programming languages like AMPL and OPL. Her research areas include: Combinatorial Optimization, Mathematical Programming, Risk and Reliability Analysis, Data Science, and Metaheuristics.
Abstract
The intersection of Enterprise Risk Management (ERM) and sustainability is important for contemporary businesses aiming for resilience and sustainable growth. This lecture explores the integration of sustainability aspects into Enterprise Risk Management (ERM) frameworks, and highlights the significance of incorporating environmental, social, and governance risks along with traditional financial and operational risks. Through several examples, the importance of using the risk matrix will be demonstrated. The risk matrix tool is widely used for identifying and prioritizing risks based on their probability of occurrence and potential impact, enabling organizations to allocate resources efficiently and reduce risks effectively.
Objectives
The objective of this lecture is to introduce the concept of integrating sustainability into Enterprise Risk Management (ERM) practices and demonstrate using the risk matrix tool in assessing and prioritizing sustainability related risks.
Purpose and outcomes
The main purpose of this lecture is to emphasize the significance of the incorporation of sustainability in Enterprise Risk Management (ERM), with the goal of creating businesses that are resilient and prepared for the future. It provides a comprehensive overview of tools and methodologies, such as risk matrix, that can be used to effectively manage sustainability risks. After the session, participants will understand the importance of sustainability within Enterprise Risk Management (ERM) and acquire knowledge on how these concepts can be applied in practical situations, contributing to the development of sustainable business practices.