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Risk Assessment: Tools, Techniques, and Their Applications, 2nd Edition





Risk Assessment: Tools, Techniques, and Their Applications, 2nd Edition

Lee T. Ostrom, Cheryl A. Wilhelmsen

ISBN: 978-1-119-48346-5 August 2019 552 Pages

Editions Next


Since the first edition of the book was published there have been several changes in the types of risk individuals, businesses, and governments are being exposed to.  Cyber-attacks are more frequent and costly and lone-wolf style terrorist attacks are more common; events not addressed in the first edition. The book continues to provide a resource that leads the reader through a risk assessment and shows them the proper tools to be used at the various steps in the process.   This book also provides students studying safety and risk assessment a resource that assists them in understanding the various risk assessment tools and presents readers with a toolbox of techniques that can be used to aid them in analyzing conceptual designs, completed designs, procedures and operational risk. On top of the ten new chapters the new edition also includes expanded case studies and real-life examples; coverage on risk assessment software like SAPPHIRE and RAVEN; and end-of-chapter questions for students with a solutions manual for academic adopters.

The approach to the book remains the same and is analogous to a toolkit.  The user locates the tool that best fits the risk assessment task they are performing.  The chapters of the book 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.

Chapter 1: Introduction to Risk Assessment 

Chapter 2: Risk Perception

Chapter 3: Risks and Consequences

Chapter 4: Ecological Risk Assessment

Chapter 5: Task Analysis Techniques

Chapter 6: Preliminary Hazard Analysis

Chapter 7: Primer on Probability and Statistics

Chapter 8: Mathematical Tools for Updating Probabilities

Chapter 9: Developing Probabilities

Chapter 10: Quantifying the Unquantifiable

Chapter 11: Failure Mode and Effects Analysis

Chapter 12: Human Reliability Analyses

Chapter 13: Critical Incident Technique

Chapter 14: Basic Fault Tree Analysis Technique

Chapter 15: Critical Function Analysis

Chapter 16: Event Tree and Decision Tree Analysis

Chapter 17: Probabilistic Risk Assessment

Chapter 18: Probabilistic Risk Assessment Software

Chapter 19: Qualitative and Quantitative Research Methods Used in Risk Assessment

Chapter 20: Risk of an Epidemic

Chapter 21: Vulnerability Analysis Technique

Chapter 22: Developing Risk Model for Aviation Inspection and Maintenance Tasks

Chapter 23: Risk Assessment and Community Planning

Chapter 24: Threat Assessment

Chapter 25: Project Risk Management

Chapter 26: Enterprise Risk Management Overview

Chapter 27: Process Safety Management and Hazard and Operability Assessment

Chapter 28: Emerging Risks

Chapter 29: Process Plant Risk Assessment Example

Chapter 30: Risk Assessment Framework for Detecting, Predicting, and Mitigating Aircraft Material Inspection: A case study.

Chapter 31: Traffic Risks