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Risk Management

Outline and Glossary

Zhenqin Li

Business & Economics / Decision-Making & Problem Solving

Risks are present in the life cycle of any individual, organization or society at any stage of their development, whether one is aware of them or not. Why some of our choices or decisions would lead to undesirable results? What are the factors that either lead or contribute to the negative outcomes? What an individual or organization can do to avoid or limit the negative consequences of the risks? These are vital questions facing every one of us, whether an individual rich or poor, or an organization large or small.  


This book presents an overview of risk management with a common framework applicable to both organizations and individuals. Supplementary glossary of key concepts of relevance to risks and risk management is also included and sorted alphabetically, intended for readers to more fully comprehend the vast problem space of risks and self-explore evolving solutions on as-needed basis.  


This book highlights the importance of testing and simulation as a critical component of risk identification and assessment methodology in the era of COVID-19 pandemic and Boeing 737 Max disasters, which may offer new perspectives for risk management professionals. The book may also be useful in general, both as an introduction to the perspective of life as a risk management process touching on all human experiences, and as a stepping stone for easy access to the vast Wikidata and Wikipedia resources on risks and do-it-yourself (DIY) risk management.

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