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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
Security, visibility and resilience
The numerous possibilities of disruptions and disturbances in the supply chain demand a supply chain[...]
Vulnerability and resilience of transport systems
I've been away from academia for the last three years, and in my efforts to catch up with the latest[...]
BOOKS and BOOK CHAPTERS
Book Review: Managing External Risk
I am blessed to have a college library that complies with most of my book acquisition requests and t[...]
Book Review: Supply Chain Risk
This book, Supply Chain Risk, is from 2004 and edited by Clare Brindley of the Manchester Metropolit[...]
REPORTS and WHITEPAPERS
Infrastructure - essential for competitiveness?
Regular readers of this blog may have noticed my regular rants about the state of the Norwegian infr[...]
Are roads more important than computers?
Critical Infrastructure. Which is more important - or 'critical' - road networks or computers? What [...]
from HERE and THERE
Using social media in a crisis
Scandinavian Airlines facebook
Sometimes the timing of Internet launches is just right. And for Scandinavian Airlines (SAS) the tim[...]
Resilience Lessons from the Haiti Earthquake
The recent earthquake in Haiti is a poignant reminder of how vulnerable a country is when it is faci[...]