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Risk Assessment. Tools, Techniques, and Their Applications. Edition No. 2

  • Book

  • 592 Pages
  • September 2019
  • John Wiley and Sons Ltd
  • ID: 5842509

Guides the reader through a risk assessment and shows them the proper tools to be used at the various steps in the process

This brand new edition of one of the most authoritative books on risk assessment adds ten new chapters to its pages to keep readers up to date with the changes in the types of risk that individuals, businesses, and governments are being exposed to today. It leads readers through a risk assessment and shows them the proper tools to be used at various steps in the process. The book also provides readers with a toolbox of techniques that can be used to aid them in analyzing conceptual designs, completed designs, procedures, and operational risk.

Risk Assessment: Tools, Techniques, and Their Applications, Second Edition includes expanded case studies and real life examples; coverage on risk assessment software like SAPPHIRE and RAVEN; and end-of-chapter questions for students. Chapters progress from the concept of risk, through the simple risk assessment techniques, and into the more complex techniques. In addition to discussing the techniques, this book presents them in a form that the readers can readily adapt to their particular situation. Each chapter, where applicable, presents the technique discussed in that chapter and demonstrates how it is used.

  • Expands on case studies and real world examples, so that the reader can see complete examples that demonstrate how each of the techniques can be used in analyzing a range of scenarios
  • Includes 10 new chapters, including Bayesian and Monte Carlo Analyses; Hazard and Operability (HAZOP) Analysis; Threat Assessment Techniques; Cyber Risk Assessment; High Risk Technologies; Enterprise Risk Management Techniques
  • Adds end-of-chapter questions for students, and provides a solutions manual for academic adopters
  • Acts as a practical toolkit that can accompany the practitioner as they perform a risk assessment and allows the reader to identify the right assessment for their situation
  • Presents risk assessment techniques in a form that the readers can readily adapt to their particular situation

Risk Assessment: Tools, Techniques, and Their Applications, Second Edition is an important book for professionals that make risk-based decisions for their companies in various industries, including the insurance industry, loss control, forensics, all domains of safety, engineering and technical fields, management science, and decision analysis. It is also an excellent standalone textbook for a risk assessment or a risk management course.


Table of Contents

Acknowledgments vii

About the Companion Website ix

1 Introduction to Risk Assessment 1

2 Risk Perception 11

3 Risks and Consequences 17

4 Ecological Risk Assessment 27

5 Task Analysis Techniques 53

6 Preliminary Hazard Analysis 61

7 Primer on Probability and Statistics 79

8 Mathematical Tools for Updating Probabilities 93

9 Developing Probabilities 115

10 Quantifying the Unquantifiable 133

11 Failure Mode and Effects Analysis 145

12 Human Reliability Analyses 159

13 Critical Incident Technique 175

14 Basic Fault Tree Analysis Technique 185

15 Critical Function Analysis 203

16 Event Tree and Decision Tree Analysis 223

17 Probabilistic Risk Assessment 251

18 Probabilistic Risk Assessment Software 261

19 Qualitative and Quantitative Research Methods Used in Risk Assessment 267

20 Risk of an Epidemic 283

21 Vulnerability Analysis Technique 293

22 Developing Risk Model for Aviation Inspection and Maintenance Tasks 317

23 Risk Assessment and Community Planning 329

24 Threat Assessment 343

25 Project Risk Management 381

26 Enterprise Risk Management Overview 409

27 Process Safety Management and Hazard and Operability Assessment 419

28 Emerging Risks 449

29 Process Plant Risk Assessment Example 461

30 Risk Assessment Framework for Detecting, Predicting, and Mitigating Aircraft Material Inspection 487

31 Traffic Risks 547

Acronyms 559

Glossary 563

Index 569


Lee T. Ostrom Cheryl A. Wilhelmsen