Abstract
This chapter reviews and discusses the basic issues and principles of risk management, including:
• Risk acceptability (tolerability)
• Risk reduction and the ALARP principle
• Cautionary and precautionary principles
and presents a case study showing the importance of these issues and principles in a practical management context. Before we take a closer look, let us briefly address some basic features of risk management.
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Aven, T. (2010). Risk Management. In: Grimvall, G., Holmgren, Å., Jacobsson, P., Thedéen, T. (eds) Risks in Technological Systems. Springer Series in Reliability Engineering. Springer, London. https://doi.org/10.1007/978-1-84882-641-0_12
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DOI: https://doi.org/10.1007/978-1-84882-641-0_12
Publisher Name: Springer, London
Print ISBN: 978-1-84882-640-3
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