Analytical Methods for Risk Management: A Systems Engineering Perspective

Analytical Methods for Risk Management: A Systems Engineering Perspective provides the foundation processes and analytical practices for identifying, analyzing, measuring, and managing risk in traditional systems, systems-of-systems, and enterprise systems. It covers probability, decision analysis, and technical performance measures and applies various methods to risk engineering and analysis problems.

Format: Paperback / softback
Length: 282 pages
Publication date: 21 January 2023
Publisher: Taylor & Francis Ltd

Analytical Methods for Risk Management: A Systems Engineering Perspective is a comprehensive guide that delves into the foundation processes, analytical principles, and implementation practices of engineering risk management. Authored by an experienced practitioner in the field, the book offers a systems engineering perspective on identifying, analyzing, measuring, and managing risk in traditional systems, systems-of-systems, and enterprise systems.

The book begins with an introduction to engineering risk management, providing a foundational understanding of the principles and practices involved. It then delves into the fundamental axioms and properties of probability, covering key aspects of decision analysis such as preference theory and risk/utility functions. The book concludes with a series of essays that explore various analytical topics, including risk identification, writing, and representation; risk prioritization based on potential impacts; and progress monitoring during risk mitigation.

Furthermore, the author examines technical performance measures and how they can be combined into an index to track the overall performance risk of engineering systems. The book also discusses risk management in the context of engineering complex, large-scale enterprise systems, highlighting the unique challenges and strategies associated with these systems.

One of the key strengths of Analytical Methods for Risk Management is its practical approach. The book provides readers with a clear understanding of which processes and analytical techniques are valid and how they can be best applied to specific systems engineering environments. It offers practical guidance and examples that help readers apply the knowledge gained to real-world situations.

In conclusion, Analytical Methods for Risk Management: A Systems Engineering Perspective is a valuable resource for professionals and students involved in engineering risk management. With its comprehensive coverage of foundation processes, analytical principles, and implementation practices, the book enables readers to develop a deep understanding of risk management and apply it effectively in their work. Whether you are a systems engineer, project manager, or risk analyst, this book will provide you with the tools and knowledge needed to manage risk on both traditional and advanced engineering systems.

Weight: 520g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032477763