Publication

Risk Management and Education

Thierry Meyer
2019

Abstract

Risk and Safety Management are crucial aspects in chemical industry and academic laboratories. From their rich experience in academic education and industrial practice, the authors present options for professional training addressing engineers and scientists at different career levels. The book informs about existing norms (OHSAS, ISO, etc.) and discusses examples from several countries.

Including sample material for illustrative courses and exams. Presents discussion on how to implement risk management policies in education and research institutes.

Official source

https://infoscience.epfl.ch/entities/publication/a99b0964-932c-47fd-9db5-9b8a8bdfaf10

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Thierry Meyer
2019

Abstract

Including sample material for illustrative courses and exams. Presents discussion on how to implement risk management policies in education and research institutes.

Official source

https://infoscience.epfl.ch/entities/publication/a99b0964-932c-47fd-9db5-9b8a8bdfaf10

About this result

Related concepts (30)

Risk management

Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.

Financial risk management

Financial risk management is the practice of protecting economic value in a firm by managing exposure to financial risk - principally operational risk, credit risk and market risk, with more specific variants as listed aside. As for risk management more generally, financial risk management requires identifying the sources of risk, measuring these, and crafting plans to address them. See for an overview. Financial risk management as a "science" can be said to have been born with modern portfolio theory, particularly as initiated by Professor Harry Markowitz in 1952 with his article, "Portfolio Selection"; see .

Risk

In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. Many different definitions have been proposed. The international standard definition of risk for common understanding in different applications is "effect of uncertainty on objectives".