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2021 | OriginalPaper | Buchkapitel

4. Risk Assessment Techniques

verfasst von : Konstantinos Tzanakakis

Erschienen in: Managing Risks in the Railway System

Verlag: Springer International Publishing

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Abstract

Various tools and methods are used for the assessment of risk. As presented in Chapter 3 (The Process of Risk Management), Risk Assessment includes Risk identification, Risk Analysis and Risk Evaluation. Following Risk Assessment techniques for risk identification, risk analysis (consequence analysis; qualitative, semi-quantitative or quantitative probability estimation; assessing the effectiveness of any existing controls; estimation the level of risk) and risk evaluation as per ISO/IEC 31010:2009 are presented with an indication of their applicability for the various processes: 4
  • Brainstorming
  • Structured or semi-structured interviews
  • Delphi simulation technique
  • Checklist analysis
  • Preliminary hazard analysis
  • Hazard and operability studies (HAZOP)
  • Root cause analysis
  • Failure mode effect analysis (FMEA and FMECA)
  • Fault tree analysis (FTA)
  • Event tree analysis
  • Decision tree
  • Bow tie analysis
  • Monte Carlo simulation
  • Cost/benefit analysis
This chapter also discusses the Risk Management Plan, a document that describes at a high level how an Organization manages its risks and how the entire process is embedded in the activities of the Organization. Reading this Chapter you will get to know Risk Assessment techniques and their applicability (for risk identification, risk analysis and risk evaluation). You will also understand the objectives of a Risk Management Plan

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Fußnoten
1
The discount rate is roughly the opportunity cost of capital: it is the cost of using the capital in one project renouncing to earn a return in another project. Its value is defined mostly empirically for a given project, in a given country or region, for a given firm and at a given time. The value of the discount rate can have a very serious impact on the decision making process of a cost benefit or life cycle cost analysis.
 
2
Approximately, as per June 2019.
 
3
Or “Beta distribution”.
 
Literatur
1.
Zurück zum Zitat Mechler R, The Risk to Resilience Study Team (2008) The cost-benefit analysis methodology, from risk to resilience working paper No. 1. In: Moench M, Caspari E, Pokhrel A (eds), ISET, ISET-Nepal and ProVention, Kathmandu, Nepal, 32 pp Mechler R, The Risk to Resilience Study Team (2008) The cost-benefit analysis methodology, from risk to resilience working paper No. 1. In: Moench M, Caspari E, Pokhrel A (eds), ISET, ISET-Nepal and ProVention, Kathmandu, Nepal, 32 pp
2.
Zurück zum Zitat Standards Australia/Standards New Zealand (2005) Risk Management Guidelines—Companion to AS/NZS 4360:2004 Standards Australia/Standards New Zealand (2005) Risk Management Guidelines—Companion to AS/NZS 4360:2004
3.
Zurück zum Zitat New Zealand, Ministry of Transport (2017) Social Cost of Road Crashes and Injuries June 2017 update New Zealand, Ministry of Transport (2017) Social Cost of Road Crashes and Injuries June 2017 update
4.
Zurück zum Zitat Australian/New Zealand Standard (2004) AS/NZS 4360 SET Risk Management Australian/New Zealand Standard (2004) AS/NZS 4360 SET Risk Management
5.
Zurück zum Zitat ISO/IEC Guide 73, Risk Management—Vocabulary—Guideline for use in standards [3] ISO/IEC 31010/ 2009, Risk Management—Risk Assessment Techniques ISO/IEC Guide 73, Risk Management—Vocabulary—Guideline for use in standards [3] ISO/IEC 31010/ 2009, Risk Management—Risk Assessment Techniques
6.
Zurück zum Zitat Department of Premier and Cabinet (2008) Project Risk Register Template & Guide, Version 1.3, April 2008, Tasmania Department of Premier and Cabinet (2008) Project Risk Register Template & Guide, Version 1.3, April 2008, Tasmania
Metadaten
Titel
Risk Assessment Techniques
verfasst von
Konstantinos Tzanakakis
Copyright-Jahr
2021
DOI
https://doi.org/10.1007/978-3-030-66266-0_4

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