4.5 Article

Performance and risk management

Journal

PRODUCTION PLANNING & CONTROL
Volume 29, Issue 15, Pages 1221-1224

Publisher

TAYLOR & FRANCIS LTD
DOI: 10.1080/09537287.2018.1520319

Keywords

Performance measurement; performance management; risk management

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Performance and risk management are seen by some as two ends of the same spectrum. Performance measurement and management is about steering an enterprise towards a profitable and viable future, whilst risk management is about avoiding the pitfalls that can overwhelm and ultimately put an enterprise out of business. But should the functions and processes of performance measurement and management be integrated with those of risk management? What are the consequences of this integration? How should this be done in practice? In this editorial we briefly chart the debate between those who propose it is important to keep the functions separate and those who advocate integration before presenting the empirical research that informs this conversation.

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