• Denisa Janasová Faculty of Security Engineering, University of Žilina
  • Stanislava Strelcová Faculty of Security Engineering, University of Žilina
Keywords: risk management, risk assessment, risk analysis, risk evaluation, survey research, Slovak enterprises


The analysis and evaluation of risks are a decisive part of risk assessment in the risk management framework. Based on the results of the analysis and risk evaluation we can classify the risks as acceptable and unacceptable ones and subsequently manage them. The small and medium enterprises pay the analysis and risk evaluation the lowest attention. In our opinion this is linked with failing to utilise exact methods which seem to be complicated for their practical utilisation. They are not used especially for analysing and evaluating the risks which have their basis in epistemic uncertainty. The professional community has been discussing epistemic uncertainty for a long time. This assumption is valid mainly in the SMEs which have no competent person on the one hand and a shortage of information concerning the area assessed on the other hand. The main goal of this article is to assess the current state of implementing the process of analysing and evaluating the risk in the SMEs and to define the main problems from a questionnaire research carried out in 2017 in which 485 SMEs working in Slovakia took part. On the base of the conducted research, we can state that in spite of the fact that only high-quality risk assessment leads the companies to take suitable measures for risk reduction, the companies pay unadequate attention to the analysis and risk evaluation.


Ahmed, I. & N. A. Manab. (2016). Influence of Enterprise Risk Management Success Factors on Firm Financial and Non-financial Performance: A Proposed Model. In: International Juornal of Economics and Financial Issues. Vol. 6, Iss. 3, p. 830-836. ISSN: 2146-4138

Beasley, M. et al. (2016). The State of Risk Oversight: An Overview of Enterprise Risk Management Practices. [Web blog post]. Retrieved from https://erm.ncsu.edu/az/erm/i/chan/library/AICPA_ERM_Research_Study_2016.pdf

Curtis, P. et al. (2012). COSO: Risk assessment in practice. Deloitte & Touche LLP. [Web blog post]. Retrieved from https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Governance-Risk-Compliance/dttl-grc-riskassessmentinpractice.pdf

Globálne trendy v riadení podnikových rizík. (2013). CFO Best Practice: Zdroj informácií pre finančné riadenie podnikov. [Web blog post]. Retrieved from http://www.cfo.sk/articles/globalne-trendy-v-riadeni-podnikovych-rizik#.WJg6jNLhDcs

HB 436:2004 – Handbook Risk Management Guidelines Companion to AS/NZS 4360:2004

Hosseini, M. R. et al. (2016). Critical success factors for implementing risk management systems in developing countries. Construction Economics and Building, 16(1), 18-32, 2016. [Web blog post]. Retrieved from http://dx.doi.org/10.5130/AJCEB.v16i1.4651

Cho, E. (2015). Exploring Barriers to Effective Risk Management Trough a Proposed Risk Governance Framework. Dissertation: Georgia State University. [Web blog post]. Retrieved from https://scholarworks.gsu.edu/bus_admin_diss/60/

ISO STN 31000: 2011. Manažérstvo rizika – Zásady a návod

Kafka, T. (2009). Průvodce pro interní audit a risk management. Praha: C. H. Beck. ISBN 978-80-7400-121-5

Klučka, J. & R. Grünbichler. (2016). Risikomanagement: Vebreitung, Bedeutung und zukünftige Erwartungen: Ein Vergleich zwischen Österreich, Slowakei und Deutschland. In: Controller Magazin, Arbeitsergebnisse aus der Controller-Praxis. Vol. 41. Iss. 5. p. 49-54. ISSN 1616-0495

Malé a stredné podnikanie v číslach. (2017). Bratislava: Slovak Business Agency. [Web blog post]. Retrieved from http://www.sbagency.sk/sites/default/files/image/msp_v_cislach_v_roku_2016_final_v_20_10_2017_002.pdf

Mikušová, M. (2014). Krízový management pro malé a střední podniky. Bratislava: Wolters Kluwer. ISBN 978-80-8168-106-6

Zapletalová, Š. et al. (2012). Krízový management podniku pro 21. století. Praha: Ekopress. ISBN 978-80-86929-85-9

Šimák, L. (2006). Manažment rizík. Žilina: EDIS. [Web blog post]. Retrieved from http://fsi.uniza.sk/kkm/old/publikacie/mn_rizik.pdf