David G. Carmichael
Risk and Systems: With Applications in Infrastructure Project Management
Risk and Systems: With Applications in Infrastructure Project Management
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Excellent- More about 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: Hardback
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 thinking and presents a fresh perspective on infrastructure engineering, construction, and project management in general. By integrating risk management principles into these fields, the book aims to enhance decision-making processes and promote sustainable outcomes.
The book is designed to cater to a wide audience, including students and practitioners alike. It provides a comprehensive introduction to risk and risk management concepts, covering essential topics such as risk identification, assessment, and mitigation strategies. It also explores a range of applications and specialized tools and approaches, enabling readers to apply their knowledge in practical situations.
Throughout the book, real-world examples and case studies are used to illustrate the practical application of risk management principles. These examples help to reinforce the theoretical concepts and provide a deeper understanding of the challenges and opportunities associated with risk management in various industries.
In conclusion, this book offers a valuable resource for anyone seeking to enhance their understanding of risk and risk management. Its systematic approach, interdisciplinary coverage, and practical applications make it an essential tool for students, professionals, and decision-makers alike. By embracing risk management principles, individuals and organizations can navigate the complexities of the modern world with greater confidence and resilience.
Weight: 540g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032381220
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