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

  • 9h 15m
  • Cheryl A. Wilhelmsen, Lee T. Ostrom
  • John Wiley & Sons (US)
  • 2019

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.

About the Authors

LEE T. OSTROM, PHD, has worked in the fields of risk assessment, industrial safety, ergonomics, and human factors for over thirty-five years. A Certified Professional Ergonomist and Certified Safety Professional, he has been an Associate Dean and Academic Director and Full Professor University of Idaho, Idaho Falls.

CHERYL A. WILHELMSEN, PHD, is an assistant clinical professor at the University of Idaho, Idaho Falls. She has been the director of the Industrial Technology BS, and Technology Management degree programs. She has also taught for APUS/AMU and consulted with NASA Ames in the area of aviation inspection.

In this Book

  • 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
  • Glossary
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