Dec. 10, 2018
Risk Analysis is an emerging science that touches nearly all facets of daily life – for governments, public and private sector organizations and individuals. Risk Analysis represents the framework of concepts, theories, principles, methods and models needed to understand, assess, characterize, communicate and manage risk.
The Society for Risk Analysis (SRA) released a series of foundational papers covering the core subjects, key principles and a glossary of risk-related terminology to support research and practices for all types of applications.
“Risk is a part of everyday life from healthcare to finance and technology,” said Terje Aven, immediate past-president of SRA. “Industries all over the globe assess and manage risk when developing new products, providing services or even solving day-to-day problems. That’s why risk analysts have become instrumental in virtually every discipline and sector and we project this trend to continue.”
SRA, which fosters diverse professional collaboration among individuals and organizations for the purpose of contributing to risk analysis and risk problem solving, will continue developing tools and resources as risk analysis grows and evolves.