The Healthcare Insurance Reciprocal of Canada (HIROC) is a member owned expert provider of professional and general liability coverage and risk management support. The Institute for Safe Medication Practices Canada (ISMP Canada) is an independent national not-for-profit agency established for the collection and analysis of medication error reports and the development of recommendations for the ...

This paper discusses various approaches to risk analysis of infrastructure systems. The discussion is applied to electric power delivery systems, i.e. transmission and distribution of electric power, with an emphasis on the electric power grid in Sweden. In reviewing a number of the methods of risk analysis, it is concluded that methods from the systems safety and reliability discipline can to ...

Although a variety of information security risk management (ISRM) approaches have been proposed, well-founded methods that provide an answer to the following question are still missing: How can the risk level of a business process be determined by taking the risk levels of the involved resources into account? This paper presents our research results regarding resource-based risk analysis method...

This paper discusses the findings of an exploratory study investigating IS/IT project risk analysis in large organisations within Western Australia. While a questionnaire was used as a pilot to gain information before in depth interviews were carried out, this is an interpretivist study that investigates data in a qualitative mode of research. The researchers, therefore, sought to interpret ric...

This chapter presents a guided tour of the CORAS method. As illustrated by Fig. 3.1, the CORAS method is divided into eight steps. The first four of these steps are introductory in the sense that we use them to establish a common understanding of the target of the analysis, and to make the target description that will serve as a basis for the subsequent risk identification. The introductory ste...

The New Basel Capital Accord (Basel II) will include operational risk to the calculation of necessary regulatory capital in financial institutions after year-end 2006. Most of the banks have already developed sophisticated risk management frameworks helping to quantify and manage operational risk. Information security has direct impact on operational risk, but risk managers consider Information...

This paper discusses various approaches to risk analysis of infrastructure systems. The discussion is applied to electric power delivery systems, i.e. transmission and distribution of electric power, with an emphasis on the electric power grid in Sweden. In reviewing a number of the methods of risk analysis, it is concluded that methods from the systems safety and reliability discipline can to ...

Quantitative Risk Assessment (QRA) models have already been developed and used to assess various risks of road tunnels, including the societal risk and expected number of fatalities (ENF). Fire in a road tunnel is considered as the most severe disaster in that road tunnel is an enclosed space. The risk assessment for fire in road tunnels involves a number of parameters. Some of these parameters...

A common problem is to choose a “risk neutral” measure in an incomplete market in asset pricing models. We show in this paper that in some circumstances it is possible to choose a unique “equivalent local martingale measure” by completing the market with option prices. We do this by modeling the behavior of the stock price X , together with the behavior of the option prices for a relevant famil...

Multi project risk management of large-scale construction enterprise is a complex, huge and dynamic systematic engineering. Besides, risk factors are on a constant change along with the passage of time. Thus, constant feedback and improvement of the project based on risk identification and control is vital. Aimed to improve the risk control level, this paper constructed both organization system...