IDEAS home Printed from https://ideas.repec.org/a/eee/reensy/v121y2014icp1-10.html
   My bibliography  Save this article

A new perspective on how to understand, assess and manage risk and the unforeseen

Author

Listed:
  • Aven, Terje
  • Krohn, Bodil S.

Abstract

There are many ways of understanding, assessing and managing the unforeseen and (potential) surprises. The dominating one is the risk approach, based on risk conceptualisation, risk assessment and risk management, but there are also others, and in this paper we focus on two; ideas from the quality discourse and the use of the concept of mindfulness as interpreted in the studies of High Reliability Organisation (HRO). The main aim of the paper is to present a new integrated perspective, a new way of thinking, capturing all these approaches, which provides new insights as well as practical guidelines for how to understand, assess and manage the unforeseen and (potential) surprises in a practical operational setting.

Suggested Citation

  • Aven, Terje & Krohn, Bodil S., 2014. "A new perspective on how to understand, assess and manage risk and the unforeseen," Reliability Engineering and System Safety, Elsevier, vol. 121(C), pages 1-10.
    • Handle: RePEc:eee:reensy:v:121:y:2014:i:c:p:1-10
    DOI: 10.1016/j.ress.2013.07.005
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0951832013002159
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ress.2013.07.005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Karl E. Weick & Kathleen M. Sutcliffe, 2006. "Mindfulness and the Quality of Organizational Attention," Organization Science, INFORMS, vol. 17(4), pages 514-524, August.
    2. Bo Bergman, 2009. "Conceptualistic Pragmatism: A framework for Bayesian analysis?," IISE Transactions, Taylor & Francis Journals, vol. 41(1), pages 86-93.
    3. Aven, Terje, 2013. "Practical implications of the new risk perspectives," Reliability Engineering and System Safety, Elsevier, vol. 115(C), pages 136-145.
    4. Aven, Terje & Zio, Enrico, 2011. "Some considerations on the treatment of uncertainties in risk assessment for practical decision making," Reliability Engineering and System Safety, Elsevier, vol. 96(1), pages 64-74.
    5. Terje Aven & Ortwin Renn, 2010. "Risk Management and Governance," Risk, Governance and Society, Springer, number 978-3-642-13926-0, March.
    6. Eugene A. Rosa, 1998. "Metatheoretical foundations for post-normal risk," Journal of Risk Research, Taylor & Francis Journals, vol. 1(1), pages 15-44, January.
    7. Aven, Terje, 2012. "The risk concept—historical and recent development trends," Reliability Engineering and System Safety, Elsevier, vol. 99(C), pages 33-44.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aven, Terje, 2013. "Practical implications of the new risk perspectives," Reliability Engineering and System Safety, Elsevier, vol. 115(C), pages 136-145.
    2. Ruipeng Tong & Cunli Zhai & Qingli Jia & Chunlin Wu & Yan Liu & Surui Xue, 2018. "An Interactive Model among Potential Human Risk Factors: 331 Cases of Coal Mine Roof Accidents in China," IJERPH, MDPI, vol. 15(6), pages 1-20, June.
    3. Goerlandt, Floris & Montewka, Jakub, 2015. "Maritime transportation risk analysis: Review and analysis in light of some foundational issues," Reliability Engineering and System Safety, Elsevier, vol. 138(C), pages 115-134.
    4. Veland, H. & Aven, T., 2013. "Risk communication in the light of different risk perspectives," Reliability Engineering and System Safety, Elsevier, vol. 110(C), pages 34-40.
    5. Aven, Terje, 2015. "Implications of black swans to the foundations and practice of risk assessment and management," Reliability Engineering and System Safety, Elsevier, vol. 134(C), pages 83-91.
    6. Aven, Terje, 2012. "The risk concept—historical and recent development trends," Reliability Engineering and System Safety, Elsevier, vol. 99(C), pages 33-44.
    7. Aven, Terje, 2013. "A conceptual framework for linking risk and the elements of the data–information–knowledge–wisdom (DIKW) hierarchy," Reliability Engineering and System Safety, Elsevier, vol. 111(C), pages 30-36.
    8. Aven, Terje, 2012. "On the link between risk and exposure," Reliability Engineering and System Safety, Elsevier, vol. 106(C), pages 191-199.
    9. Montewka, Jakub & Goerlandt, Floris & Kujala, Pentti, 2014. "On a systematic perspective on risk for formal safety assessment (FSA)," Reliability Engineering and System Safety, Elsevier, vol. 127(C), pages 77-85.
    10. Aven, Terje, 2011. "Selective critique of risk assessments with recommendations for improving methodology and practise," Reliability Engineering and System Safety, Elsevier, vol. 96(5), pages 509-514.
    11. Charles Sabel & Gary Herrigel & Peer Hull Kristensen, 2018. "Regulation under uncertainty: The coevolution of industry and regulation," Regulation & Governance, John Wiley & Sons, vol. 12(3), pages 371-394, September.
    12. Amro Nasr & Oskar Larsson Ivanov & Ivar Björnsson & Jonas Johansson & Dániel Honfi, 2021. "Towards a Conceptual Framework for Built Infrastructure Design in an Uncertain Climate: Challenges and Research Needs," Sustainability, MDPI, vol. 13(21), pages 1-19, October.
    13. Nguyen, Son & Chen, Peggy Shu-Ling & Du, Yuquan & Shi, Wenming, 2019. "A quantitative risk analysis model with integrated deliberative Delphi platform for container shipping operational risks," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 129(C), pages 203-227.
    14. Zio, E., 2018. "The future of risk assessment," Reliability Engineering and System Safety, Elsevier, vol. 177(C), pages 176-190.
    15. Peng Hou & Xiaojian Yi & Haiping Dong, 2020. "A Spatial Statistic Based Risk Assessment Approach to Prioritize the Pipeline Inspection of the Pipeline Network," Energies, MDPI, vol. 13(3), pages 1-16, February.
    16. Aven, Terje, 2013. "Probabilities and background knowledge as a tool to reflect uncertainties in relation to intentional acts," Reliability Engineering and System Safety, Elsevier, vol. 119(C), pages 229-234.
    17. Aven, Terje, 2020. "Three influential risk foundation papers from the 80s and 90s: Are they still state-of-the-art?," Reliability Engineering and System Safety, Elsevier, vol. 193(C).
    18. Aven, Terje, 2018. "How the integration of System 1-System 2 thinking and recent risk perspectives can improve risk assessment and management," Reliability Engineering and System Safety, Elsevier, vol. 180(C), pages 237-244.
    19. Rio Yonson & Ilan Noy, 2020. "Disaster Risk Management Policies and the Measurement of Resilience for Philippine Regions," Risk Analysis, John Wiley & Sons, vol. 40(2), pages 254-275, February.
    20. Abrahamsen, Eirik Bjorheim & Selvik, Jon Tømmerås & Milazzo, Maria Francesca & Langdalen, Henrik & Dahl, Roy Endre & Bansal, Surbhi & Abrahamsen, Håkon Bjorheim, 2021. "On the use of the ‘Return Of Safety Investments’ (ROSI) measure for decision-making in the chemical processing industry," Reliability Engineering and System Safety, Elsevier, vol. 210(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:reensy:v:121:y:2014:i:c:p:1-10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/reliability-engineering-and-system-safety .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.