Risk management

thumb|right|300px|Some typical stages in the audit process

management to identification, evaluation, and prioritization of risks

risk management strategy emphasizing caution in scientific proceedings

when water demand exceeds available resources

process by which an organization deals with a major event that threatens to harm the organization, its stakeholders, or the general public

UN commemorative day, October 13th

outcomes that are not the ones intended or foreseen by a purposeful action, resulting from a variety of reasons, including the world's inherent complexity as well as cognitive or emotional biases

suspecting, targeting or discriminating against someone due to ethnicity, religion, or nationality, rather than on individual suspicion or evidence

thumb|Itaipu Dam in [[South America, an example of a 20th-century megaproject]] thumb|The Trans-Siberian Railway and other railways in the Asiatic part of the [[Russian Empire were important 19th-century megaprojects.]] A megaproject is an extremely large-scale investment project. A more general definition is "Megaprojects are temporary endeavours (i.e. projects) characterised by: large investment commitment, vast complexity (especially in organisational terms), and long-lasting impact on the economy, the environment, and society". Megaprojects may refer to construction projects but also decom

Safety management principle

form of democracy

a strategic planning method that some organizations use to make flexible long-term plan for decision makers

form of defensive design intended to ensure the continuing function of a piece of software under unforeseen circumstances

concept in risk management wherein the planner, in planning for potential disasters, considers the most severe possible outcome that can reasonably be projected to occur in a given situation

Antifragility is a property of systems in which they increase in capability to thrive as a result of stressors, shocks, volatility, noise, mistakes, faults, attacks, or failures. The concept was developed by Nassim Nicholas Taleb in his book, Antifragile, and in technical papers. As Taleb explains in his book, antifragility is fundamentally different from the concepts of resiliency (i.e. the ability to recover from failure) and robustness (that is, the ability to resist failure). The concept has been applied in risk analysis, physics, molecular biology, transportation planning, engineering, ae

Protection of equipment in response to inputs

assets that have suffered from unanticipated or premature write-downs, devaluations, or conversion to liabilities

complications businesses and governments may face as a result of political decisions

field of risk management that aims to help people making informed decisions based on available information on risks

precautionary driving to save lives, time, and money, in spite of the conditions around you and the actions of others

tendency to prefer the complete elimination of a risk in a niche when alternative options produce a greater reduction in overall risk

umbrella term regarding capabilities and activities that enable an organization to reliably achieve objectives

prevention of occupational hazards

level of risk that an organization or individual is prepared to accept in pursuit of objectives, before action is deemed necessary to reduce the risk

cognitive strategy

medical decision-making practice

Mitigation is the reduction of something harmful that has occurred or the reduction of its harmful effects. It may refer to measures taken to reduce the harmful effects of hazards that remain in potentia, or to manage harmful incidents that have already occurred. It is a stage or component of emergency management and of risk management. The theory of mitigation is a frequently used element in criminal law and is often used by a judge to try cases such as murder, where a perpetrator is subject to varying degrees of responsibility as a result of one's actions.

any factor (component, equipment, personnel, process, procedure, software, etc.) that is essential to business operation or to an organization

an Optimal maintenance business process used to examine equipment such as pressure vessels, heat exchangers and piping in industrial plants

area of a deployed military base devoted to open-air combustion of waste

experiences distilled from past activities that should be actively taken into account in future actions and behaviors