Risk Management

Terje Aven
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Terje Aven: University of Stavanger

Chapter 12 in Risks in Technological Systems, 2010, pp 175-198 from Springer

Abstract: Abstract This chapter reviews and discusses the basic issues and principles of risk management, including: • Risk acceptability (tolerability) • Risk reduction and the ALARP principle • Cautionary and precautionary principles and presents a case study showing the importance of these issues and principles in a practical management context. Before we take a closer look, let us briefly address some basic features of risk management.

Keywords: Risk Management; Precautionary Principle; Risk Management Process; Scientific Certainty; Assigned Probability (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1007/978-1-84882-641-0_12

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