2 research outputs found
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An open framework for risk management
Risk assessment methodologies are ready to enter their third generation. In this next generation, assessment will be based on a whole system understanding of the system to be assessed. To realize this vision of risk management, the authors have begun development of an extensible software tool kit. This tool kit breaks with the traditional approach to assessment by having the analyst spend the majority of the assessment time building an explicit model that documents in a single framework the various facets of the system, such as the system`s behavior, structure, and history. Given this explicit model of the system, a computer is able to automatically produce a standard assessment products, such as fault trees and event trees. This brings with it a number of advantages relative to current risk management tools. Among these are a greater sense of completeness and correctness in assessment results and the ability to preserve and later employ lessons learned
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Understanding the system in risk assessment
In the assessment of a system, understanding the system is central. Even so, most of the current literature takes a narrow view of understanding, making only the catalog of system ``assets`` explicit, while maintaining the balance of the analyst`s understanding inside the analyst`s head. This can lead to problems with non-repeatability and incompleteness of assessment results. This paper introduces the notion of using explicit system models to document the analyst`s understanding of the system and shows that, from these models, standard assessment products, such as fault trees and event trees, can be automatically derived. This paper also presents five ``views`` of a system that can be used to document the analyst`s understanding of the system. These views go well beyond the standard instruction to identify the system`s assets to show that a much richer understanding of the system can be required for effective assessment