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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
Robustness, resilience, flexibility and agility
robustness flexibility resilience
Several “buzzwords” have been linked to supply chain risk  management (SCRM) in various ways: robust[...]
Fragility and sustainability: emerging research areas?
Should short-term loss-minimization and short-term profit maximization really be the driving force b[...]
BOOKS and BOOK CHAPTERS
Book Review: Security Risk Management - Body of Knowledge
A Wiley book rarely lets you down, and this one doesn't either. With a refreshing Australian touch, [...]
Enterprise-wide Risk Management
Coming from a crisis management and business continuity background, I really enjoyed reading Enterpr[...]
REPORTS and WHITEPAPERS
Critical Infrastructure and Resilience
What happens when a business is disabled for a length of time? What are the impacts on its profitabi[...]
Supply Chain and Transport Risk
We are living in a new world of risk that is making this world unprecedentedly complex and challengi[...]
from HERE and THERE
Supply Chain Risk Management Survey
Effective Supply Chain Risk Management has become one of the key ways of securing competitive advant[...]
In memoriam David Kaye
Sad news. I don't always keep up with the subjects of my reviews, and today I was very saddened to l[...]