Risk is related to the magnitude and uncertainty of an output
(consequence or outcome); outputs take on different identities in
different disciplines and situations. Risk is peculiar to each
stakeholder and the measurement scale for risk depends on the
stakeholder's value system. Risk management provides a way of
addressing the issues associated with the magnitude and uncertainty
of outputs. This book provides a distinctively rational treatment
of risk and risk management, based on a systems approach. The
book's treatment applies to all disciplines and sets out the
principles of risk and risk management as well as looking at a
range of applications and more specialist tools and approaches. The
book: Develops a risk framework through a systems approach Offers a
challenging and fresh approach for infrastructure engineering,
construction and project management in general The book will suit
students and practitioners alike.
General
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