THE ANALYSIS, MANAGEMENT AND REPORTING OF RISK

Authors
  1. Hough, B.F.
Corporate Authors
Operational Research and Analysis Establishment, Ottawa ONT (CAN) Directorate of Mathematics and Statistics
Abstract
The aim of this research paper is to facilitate the implementation in DND of the Treasury Board policy regarding the analysis, management and reporting of risk. The paper presents basic concepts and provides practical methodology. The author, thereby, hopes to change attitudes and practices within the Department. The paper starts with the assertion that risk analysis should be taken more seriously. Then, an explanation of basic concepts is presented; this theory provides a foundation for the rest of the paper. Risk is defined and "isorisk contour maps" are used to portray risks. The propensity to take risk is discussed and a risk analysis model is presented. Various systematic methods are proposed as means of identifying sources of risk. TRUNCATED
Report Number
M-118 —
Date of publication
15 Apr 1985
Number of Pages
109
DSTKIM No
85-01641
CANDIS No
46450
Format(s):
Hardcopy;Originator's fiche received by DSIS

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