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What is risk?

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What is risk, and how can it be expressed? Different international standards, such as the AS/NZS 3460 Risk Management Standard, the COSO ERM framework and the ISO 31000 Risk Management Standard do not provide adequate guidance for risk assessments and lack the necessary precision.

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ARTICLES and PAPERS
Sheffi's Resilient Enterprise and supply chain risk
It is unfortunate that many companies still leave risk management and business continuity to securit[...]
Friend or foe or both?
Realities of supply chain collaboration
Supply chain collaboration, easy or difficult? And can it really work? In theory yes, but in reality[...]
BOOKS and BOOK CHAPTERS
Can your business take a blow?
Are you prepared for whatever mishaps your business throws at you? If you're not, you better start l[...]
Book Review: The Resilient Enterprise
To me, this book by Yossi Sheffi was an eye-opener, not so much for it's academic value, but for it'[...]
REPORTS and WHITEPAPERS
Global Risks 2009 - Countries at risk?
How will the current financial downturn affect supply chains? That's what we all wonder about, isn't[...]
Are roads more important than computers?
Critical Infrastructure. Which is more important - or 'critical' - road networks or computers? What [...]
from HERE and THERE
2nd Supply Chain Risk Management Seminar
Do you remember the 1st Supply Chain Risk Management Seminar Barcelona 2009? I made a post about it [...]
Christchurch earthquake and transportation
Christchurch, New Zealand, has been hit by an earthquake. Having spent some time living there myself[...]