Risk and Systems: With Applications in Infrastructure Project Management

Risk is related to the uncertainty and magnitude of consequences or outcomes that vary across disciplines and situations, and measurement scales for risk depend on stakeholders’ value systems so that risk is peculiar to each stakeholder. Risk management provides a way of addressing the issues associated with the uncertainty and magnitude of consequences or outcomes. This textbook provides a distinctively rational treatment of risk and risk management, based on a systems approach. This treatment applies to all disciplines and sets out the principles of risk and risk management as well as looking at a series of applications and more specialist tools and approaches.

Develops a risk framework through a systems approach

Offer a challenging and fresh approach for infrastructure engineering and construction and across project management in general

The book suits students and practitioners in industry.