Abstract
The chapter defines basic terms of risk and chance analysis: risk/chance event, frequency of event, exposure, hazard propagation, consequence and damage analysis. In particular, different sample risk criteria are discussed. Also scenario, source of hazard and the selection of counter or improvement measures are considered separately. It introduces the classical notion of risk being proportional to a measure for probability of events and measure for consequences of an event. It is further distinguished between risk computation, visualization, comparison and evaluation/assessment. It motivates and introduces phases (steps) for risk and chance management and analysis, by discussing several state-of-practice schemes, before defining a fine resolved risk management process in 14 steps, including risk analysis. Attributes of risk and chance management processes and phases are introduced as well typical dependencies of phases. It also discusses different simplifying versions or tailoring options of the processes. It is indicated how to apply chance and risk management to resilience management.
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Häring, I. (2015). Introduction to Risk Analysis and Risk Management Processes. In: Risk Analysis and Management: Engineering Resilience. Springer, Singapore. https://doi.org/10.1007/978-981-10-0015-7_2
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DOI: https://doi.org/10.1007/978-981-10-0015-7_2
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