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A new perspective on how to understand, assess and manage risk and the unforeseen

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  • Aven, Terje
  • Krohn, Bodil S.

Abstract

There are many ways of understanding, assessing and managing the unforeseen and (potential) surprises. The dominating one is the risk approach, based on risk conceptualisation, risk assessment and risk management, but there are also others, and in this paper we focus on two; ideas from the quality discourse and the use of the concept of mindfulness as interpreted in the studies of High Reliability Organisation (HRO). The main aim of the paper is to present a new integrated perspective, a new way of thinking, capturing all these approaches, which provides new insights as well as practical guidelines for how to understand, assess and manage the unforeseen and (potential) surprises in a practical operational setting.

Suggested Citation

  • Aven, Terje & Krohn, Bodil S., 2014. "A new perspective on how to understand, assess and manage risk and the unforeseen," Reliability Engineering and System Safety, Elsevier, vol. 121(C), pages 1-10.
    • Handle: RePEc:eee:reensy:v:121:y:2014:i:c:p:1-10
    DOI: 10.1016/j.ress.2013.07.005
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    References listed on IDEAS

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    1. Karl E. Weick & Kathleen M. Sutcliffe, 2006. "Mindfulness and the Quality of Organizational Attention," Organization Science, INFORMS, vol. 17(4), pages 514-524, August.
    2. Eugene A. Rosa, 1998. "Metatheoretical foundations for post-normal risk," Journal of Risk Research, Taylor & Francis Journals, vol. 1(1), pages 15-44, January.
    3. Aven, Terje, 2013. "Practical implications of the new risk perspectives," Reliability Engineering and System Safety, Elsevier, vol. 115(C), pages 136-145.
    4. Aven, Terje, 2012. "The risk concept—historical and recent development trends," Reliability Engineering and System Safety, Elsevier, vol. 99(C), pages 33-44.
    5. Aven, Terje & Zio, Enrico, 2011. "Some considerations on the treatment of uncertainties in risk assessment for practical decision making," Reliability Engineering and System Safety, Elsevier, vol. 96(1), pages 64-74.
    6. Bo Bergman, 2009. "Conceptualistic Pragmatism: A framework for Bayesian analysis?," IISE Transactions, Taylor & Francis Journals, vol. 41(1), pages 86-93.
    7. Terje Aven & Ortwin Renn, 2010. "Risk Management and Governance," Risk, Governance and Society, Springer, number 978-3-642-13926-0, March.
    Full references (including those not matched with items on IDEAS)

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