Risk Assessment: Tools, Techniques, and Their Applications, Second Edition

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. "All the tools needed to perform a thorough risk assessment-whether you're working in insurance, forensics, engineering, or public safetyRisk analysis is the method of analyzing the dangers to individuals, businesses, and government agencies posed by potential natural and man-made hazards. The central task of the risk assessor is predicting the success of a project. This includes isolating the entire spectrum of adverse events that can derail a project or threaten the health and safety of individuals, organizations, and the environment. Designed as a practical, in-the-field toolkit, Risk Assessment details every aspect of how a risk assessment is performed, showing the proper tool to be used at various steps in the process, as well as locating the tool that best fits the risk assessment task at hand. Examining not only the very nature of risks and consequences, with fascinating historical examples, the book progresses from simple to more complex risk assessment techniques used by the authors in their daily work, all presented in a form that can be readily adapted to any number of real-life situations: Ecological Risk Assessment Task Analysis Techniques Preliminary Hazards Analysis Failure Mode and Effects Analysis Human Reliability Analysis Critical Incident Technique With numerous industry-specific case studies, as well as additional case studies for risk assessments for a restaurant and a process plant, the book provides readers with complete examples of how each of the techniques can be used in a variety of real-world situations. Including downloadable worksheets and other useful assessment materials, as well as guidance on using PRA software, this unparalleled reference offers all the tools and techniques needed to conduct a thorough and accurate assessment of risk"-- "Since the first edition of our book was published there have been several changes in the types of risk individuals, businesses, and governments are being exposed to. Cyber-attacks are more frequent and costly and lone-wolf style terrorist attacks are more common; events not addressed in the first edition. The book continues to provide a resource that leads the reader through a risk assessment and shows them the proper tools to be used at the various steps in the process. This book also provides students studying safety and risk assessment a resource that assists them in understanding the various risk assessment tools. The book provides readers with a toolbox of techniques that can be used to aid them in analyzing conceptual designs, completed designs, procedures and operational risk. On top of the ten new chapters the new edition also includes expanded case studies and real life examples; coverage on risk assessment software like SAPPHIRE and RAVEN; and end-of-chapter questions for students with a solutions manual for academic adopters. The approach to the book remains the same and is analogous to a toolkit. The user locates the tool that best fits the risk assessment task they are performing. The chapters of the book 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"-- Provided by publisher Content: Acknowledgments viiAbout the Companion Website ix1 Introduction to Risk Assessment 12 Risk Perception 113 Risks and Consequences 174 Ecological Risk Assessment 275 Task Analysis Techniques 536 Preliminary Hazard Analysis 617 Primer on Probability and Statistics 798 Mathematical Tools for Updating Probabilities 939 Developing Probabilities 11510 Quantifying the Unquantifiable 13311 Failure Mode and Effects Analysis 14512 Human Reliability Analyses 15913 Critical Incident Technique 17514 Basic Fault Tree Analysis Technique 18515 Critical Function Analysis 20316 Event Tree and Decision Tree Analysis 22317 Probabilistic Risk Assessment 25118 Probabilistic Risk Assessment Software 26119 Qualitative and Quantitative Research Methods Used in Risk Assessment 26720 Risk of an Epidemic 28321 Vulnerability Analysis Technique 29322 Developing Risk Model for Aviation Inspection and Maintenance Tasks 31723 Risk Assessment and Community Planning 32924 Threat Assessment 34325 Project Risk Management 38126 Enterprise Risk Management Overview 40927 Process Safety Management and Hazard and Operability Assessment 41928 Emerging Risks 44929 Process Plant Risk Assessment Example 46130 Risk Assessment Framework for Detecting, Predicting, and Mitigating Aircraft Material Inspection 48731 Traffic Risks 547Acronyms 559Glossary 563Index 569 Introduction to risk assessment -- Risk perception -- Risks and consequences -- Ecological risk assessment -- Task analysis techniques -- Preliminary hazard analysis -- Primer on probability and statistics -- Mathematical tools for updating probabilities -- Developing probabilities -- Quantifying the unquantifiable -- Failure mode and effects analysis -- Human reliability analyses -- Critical incident technique -- Basic fault tree analysis technique -- Critical function analysis -- Event tree and decision tree analysis -- Probabilistic risk assessment -- Probabilistic risk assessment software -- Qualitative and quantitative research methods used in risk assessment -- Risk of an epidemic -- Vulnerability analysis technique -- Developing risk model for aviation inspection and maintenance tasks -- Risk assessment and community planning -- Threat assessment -- Project risk management -- Enterprise risk management overview -- Process safety management and hazard and operability assessment -- Emerging risks -- Process plant risk assessment example -- Risk assessment framework for detecting, predicting, and mitigating aircraft material -- Inspection: a case study -- Traffic risks -- Acronyms