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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
Theory versus Practice
What happens when theory meets practice? Theory fails and practice wins? In academia, more often tha[...]
SME: A supply chain risk?
Does having Small and Medium-sized Enterprises (SMEs) in your supply chain constitute an increased e[...]
BOOKS and BOOK CHAPTERS
Risk Management in Maritime Transportation Networks
This week’s focus are risks in the maritime supply chain, and today's article introduces a new metho[...]
Book Review: Risk Modeling, Assessment, and Management
First published in 1998 and now already in its 3rd edition in 2009, but still unknown to me, althoug[...]
REPORTS and WHITEPAPERS
Supply Chain and Transport Risk
We are living in a new world of risk that is making this world unprecedentedly complex and challengi[...]
Infrastructure - essential for competitiveness?
Regular readers of this blog may have noticed my regular rants about the state of the Norwegian infr[...]
from HERE and THERE
Defining and Measuring Economic Resilience
Economic resilience, as defined a paper published by the Multidisciplinary Center for Earthquake Eng[...]
Can you outsource risk?
While China has taken steps to address safety concerns after the recalls of last year, yet small pl[...]