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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
Avoid Supply Chain Breakdown - Tailored Risk Management
In my previous post on Ericsson versus Nokia - the now classic case of supply chain disruption I men[...]
Biting the hand that feeds. All firms are snakes.
'All firms are snakes'. So says Paul D. Cousins in A conceptual model for managing long-term inter-o[...]
BOOKS and BOOK CHAPTERS
Book Review: Managing Supply Chain Risk and Vulnerability
Another book by someone from the ISCRiM group? No, not this time, or perhaps, yes, after all. Managi[...]
Book Review: Humanitarian Logistics
Summer break is over and time for a continuation of my blog posts. Humanitarian Logistics by Ronaldo[...]
REPORTS and WHITEPAPERS
Analysing road vulnerability in Norway
How does the Norwegian Public Roads Administration NRPA assess the vulnerability of the Norwegian ro[...]
Vulnerable or valuable supply chain?
More than a year old now, but still holding not so few words of wisdom is the Pricewaterhouse Cooper[...]
from HERE and THERE
The use of air photos in emergency management
There are a surprisingly large number of applications of air photos in emergency management. These r[...]
Another volcanic ash cloud crisis?
Rewind your thoughts one year: Iceland. Volcano eruption. Air travel. Then look at today's news. Are[...]