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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
Supply Chain Risk: Invasive Species
With 90% of world trade carried by sea, the global network of ships criss-crossing the oceans provid[...]
Black Swan Events
Black Swan events - should we even bother? The October issue of the Harvard Business Review had a sp[...]
BOOKS and BOOK CHAPTERS
Book Review: Global Supply Chain Management
The Handbook of Global Supply Chain Management is an excellent book. My interest in it stems from th[...]
Book Review: Managing External Risk
I am blessed to have a college library that complies with most of my book acquisition requests and t[...]
REPORTS and WHITEPAPERS
How New Zealand develops resilient organisations
Is New Zealand better prepared for a disaster than other countries? As our infrastructure and organi[...]
America’s Crumbling Infrastructure
My daily morning routine includes a cup of coffee while watching the World Business Report on BBC Wo[...]
from HERE and THERE
Pålitelighet og sårbarhet av transportsystemer
Transportsystemer som veg og jernbane danner ryggraden i et moderne samfunn. Påliteligheten og sårba[...]
Time is precious
Swiss Railway Watch
Time.  A highly valued asset in much of supply chain management and logistics operations. Time matte[...]