Risk and Systems: With Applications in Infrastructure Project Management

Risk is the magnitude and uncertainty of an output (consequence or outcome). It is peculiar to each stakeholder and the measurement scale for risk depends on the stakeholders value system. Risk management provides a way of addressing these issues. This book provides a rational treatment of risk and risk management, based on a systems approach, and applies to all disciplines. It offers a challenging and fresh approach for infrastructure engineering, construction, and project management.

Format: Paperback / softback
Length: 190 pages
Publication date: 21 December 2022
Publisher: Taylor & Francis Ltd

Risk is a multifaceted concept that encompasses the magnitude and unpredictability of an outcome or consequence. It assumes diverse identities across different fields and contexts. Each stakeholder possesses a unique perspective on risk, and the assessment of risk relies on the value system they adhere to. Risk management serves as a valuable tool for addressing the challenges posed by the magnitude and uncertainty of outputs. This comprehensive book offers a rational and systematic approach to risk and risk management, grounded in a systems perspective. Its application extends across all disciplines, providing a comprehensive framework for understanding and managing risk.

The book begins by developing a comprehensive risk framework that employs a systems approach. It challenges conventional notions of risk management and presents a fresh perspective for infrastructure engineering, construction, and project management in general. By integrating various disciplines and exploring a range of applications and specialized tools and approaches, the book provides a holistic understanding of risk management.

Whether you are a student seeking to expand your knowledge in risk management or a practitioner seeking practical insights, this book is an invaluable resource. It offers a comprehensive treatment of risk and risk management principles, making it accessible to a wide audience. The book's systematic approach and practical examples will assist you in navigating complex risk scenarios and making informed decisions.

In conclusion, this book is a must-read for anyone interested in risk management. It provides a comprehensive and rational treatment of risk and risk management, grounded in a systems perspective. With its wide application across all disciplines, it offers valuable insights and practical tools for students and practitioners alike. By embracing a systems approach to risk management, you can enhance your ability to identify, evaluate, and manage risk effectively, contributing to a more resilient and sustainable future.

Weight: 380g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032381213