Risk is related to the magnitude and uncertainty of an output (consequence or outcome); outputs take on different identities in different disciplines and situations. Risk is peculiar to each stakeholder and the measurement scale for risk depends on the stakeholder's value system. Risk management provides a way of addressing the issues associated with the magnitude and uncertainty of outputs. This book provides a distinctively rational treatment of risk and risk management, based on a systems approach. The book's treatment applies to all disciplines and sets out the principles of risk and risk management as well as looking at a range of applications and more specialist tools and approaches. The book:

• Develops a risk framework through a systems approach
• Offers a challenging and fresh approach for infrastructure engineering, construction and project management in general

The book will suit students and practitioners alike.

About the Author

David G. Carmichael is Emeritus Professor of Civil Engineering at the University of New South Wales, Distinguished Adjunct Professor with the Asian Institute of Technology, Fellow of the Royal Society of New South Wales, Fellow of the Institution of Engineers Australia and Life Member of the American Society of Civil Engineers.

Book Information
ISBN 9781032381213
Author David G. Carmichael
Format Paperback
Page Count 190
Imprint CRC Press
Publisher Taylor & Francis Ltd
Weight(grams) 720g