RISK ASSESSMENT OF THE DECISION IN REGARDS OF CORONA VIRUS IN ROMANIA

Purpose – The corona virus is a situation generated by the globalization process. Therefore, the risk evaluation of the pandemic situation used to manage a global crisis is directly linked to the conference theme.

Methodology/approach - The methodology used is the classic approach of the Failure Mode and Effect Analysis in 5 steps.

Findings – The findings are all the risks resulting from evaluation of the decision done in the pandemic situation. Also, a new domain for FMEA application is resulting from this paper.

Research limitations/implications – The main limitation of the research is that the paper is referring only to the first stage of the pandemic. The further waves of the virus and post pandemic situation is not in the scope of this FMEA analysis.

Practical implications – The practical implication are possible further actions defined in case of the unacceptable risks.

Originality/value – The authors contribution is a total new use case for a risk evaluation tool. The FMEA analysis is used usually in the technical domain, but it’s applicability can be extended. On the other hand, there is a risk evaluation of the decision in regards of corona virus crisis management that can help the establishment too handle this situation.