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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 in turbulent environments
An intriguing title caught my eye today.  Supply chain risk in turbulent environments - A conceptua[...]
Risk Analysis of Critical Infrastructures
The vulnerability of critical infrastructures is a recurring theme on this blog, and today's article[...]
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[...]
Business Continuity in Global Supply Chains
Business Continuity is a crucial ingredient of supply chain management. At the same time, implementi[...]
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[...]
Assess the vulnerability of your production system
So far I have reviewed "international" literature and web sites, and it is only fitting that now it [...]
from HERE and THERE
Another volcanic ash cloud crisis?
Rewind your thoughts one year: Iceland. Volcano eruption. Air travel. Then look at today's news. Are[...]
Magnified Risk in Multi-Enterprise Supply Chains
industry week
Browsing other blogs on supply chain issues this morning, I came across yesterday's posting in The N[...]