IDEAS home Printed from https://ideas.repec.org/a/wly/syseng/v2y1999i3p156-167.html
   My bibliography  Save this article

Risk management: A systems paradigm

Author

Listed:
  • A. G. Hessami

Abstract

The management of risks arising from products, systems, projects, or business undertakings is a broad subject. The fundamental tenets of risk management is anticipation/forecasting and timely prevention or mitigation against all undesirable safety, commercial, and potentially environmental facets in a given context. In practice, given the potential for failures and loss posed by advancing technologies and complexity in the world around us, the discipline of risk management has not evolved to cope with the enormous challenges posed. This paper proposes a rational and structured approach to this largely subjective discipline, based on emergent properties of a system of principles. It is argued that systematic risk management also constitutes a fundamental and potent component of the safety case regime in vogue today. © 1999 John Wiley & Sons, Inc. Syst Eng 3: 156–167, 1999

Suggested Citation

  • A. G. Hessami, 1999. "Risk management: A systems paradigm," Systems Engineering, John Wiley & Sons, vol. 2(3), pages 156-167.
    • Handle: RePEc:wly:syseng:v:2:y:1999:i:3:p:156-167
    DOI: 10.1002/(SICI)1520-6858(1999)2:33.0.CO;2-H
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/(SICI)1520-6858(1999)2:33.0.CO;2-H
    Download Restriction: no
    File URL: https://libkey.io/10.1002/(SICI)1520-6858(1999)2:33.0.CO;2-H?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
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Robert G. Bea, 2002. "Human and Organizational Factors in Reliability Assessment and Management of Offshore Structures," Risk Analysis, John Wiley & Sons, vol. 22(1), pages 29-45, February.
    2. Barone, Giorgio & Frangopol, Dan M., 2014. "Reliability, risk and lifetime distributions as performance indicators for life-cycle maintenance of deteriorating structures," Reliability Engineering and System Safety, Elsevier, vol. 123(C), pages 21-37.
    3. Scott Gunderson, 2005. "A review of organizational factors and maturity measures for system safety analysis," Systems Engineering, John Wiley & Sons, vol. 8(3), pages 234-244, September.
    4. James H. Lambert & Benjamin L. Schulte & Priya Sarda, 2005. "Tracking the complexity of interactions between risk incidents and engineering systems," Systems Engineering, John Wiley & Sons, vol. 8(3), pages 262-277, September.
    5. Nathan J. Slegers & Ronald T. Kadish & Gary E. Payton & John Thomas & Michael D. Griffin & Dan Dumbacher, 2012. "Learning from failure in systems engineering: A panel discussion," Systems Engineering, John Wiley & Sons, vol. 15(1), pages 74-82, March.
    6. Casey Eaton & Amanda Banks & Kristin Weger & Bryan Mesmer & Robert Moreland, 2023. "Understanding perceived influencers on project outcomes and quantifying disciplinary similarities in academic literature," Systems Research and Behavioral Science, Wiley Blackwell, vol. 40(3), pages 460-487, May.

    More about this item

    Statistics

    Access and download statistics

    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:wly:syseng:v:2:y:1999:i:3:p:156-167. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1002/(ISSN)1520-6858 .

    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.