Risk Management: Past, Present and Future Directions

Darnell Bowers (Editor)

Series: Management Science – Theory and Applications
BISAC: BUS041000



Volume 10

Issue 1

Volume 2

Volume 3

Special issue: Resilience in breaking the cycle of children’s environmental health disparities
Edited by I Leslie Rubin, Robert J Geller, Abby Mutic, Benjamin A Gitterman, Nathan Mutic, Wayne Garfinkel, Claire D Coles, Kurt Martinuzzi, and Joav Merrick


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Risk can be defined as the effect of uncertainty on objectives. It can originate from various sources. For example, uncertainty and threats from project failures in any phase (e.g., analysis, design, development, testing and production); from failures in corporate business across industries (e.g., information technology and software engineering, oil and gas, manufacturing, civil engineering, mechanical engineering, finance incl. financial markets, etc.). Substantial risk can also be created by accidents, natural causes and disasters, as well as deliberate attacks from an adversary or events of an uncertain or unpredictable cause. In general, risk management is a process of identification, assessment, and prioritisation of risk followed by the coordination of actions and deployment of resources to minimize, monitor, and control the probability and impact of undesired events. The objective of risk management is to ensure that uncertainty does not affect the achievement of business goals. In this book, Chapter One reviews a novel six sigma approach to risk management. Chapter Two aims to provide readers with a tool to identify evaluate and treat quality management system (QMS) risk. Chapter Three elaborates on economic approaches for the evaluation of risk deterioration on health of the population under the influence of negative factors. (Imprint: Nova)


Chapter 1. Risk Management: A Novel Six Sigma Approach
Vojo Bubevski (Bubevski Consulting™, CEO, Researcher, UK)

Chapter 2. How to Address Risks and Opportunities within the Quality Management System
Leonardo Voinescu and Speranta Stomff (Altius QM, Nürnberg, Germany, and Romanian Standards Association, Bucharest, Romania)

Chapter 3. Methodological Bases of Research of the Environmental Risk to Health of the Population
Anopchenko T.Y., Murzin A.D., and Chernyshev M.A. (Southern Federal University, Rostov-on-Don, Russian Federation)


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