NDLI: Risk comparison method, assumptions, and issues

Content Provider	IEEE Xplore Digital Library
Author	Bradt, D.J. Weisblatt, E.A.
Copyright Year	2013
Description	Author affiliation: SAIC, Houston, TX, USA (Bradt, D.J.; Weisblatt, E.A.)
Abstract	Communicating the likelihood and consequence of potential risks is critical in today's business environment. A comparison of the likelihood of several different potential events can provide insight to management about factors that, if left unchecked, may cause an unwanted scenario. One method utilized to calculate the likelihood of a risk being realized is the “One-out-of-X” measure. This high-level measure is very effective for comparing different risk scenarios; however, it is important that the risk analyst provides additional information to management regarding the confidence in this value, what factors significantly influence it, and how other scenarios compare. It is also important that the team establish a risk management system that includes likelihood levels that will aid in deciding which problem areas to try and solve first. The risk management system should include likelihood levels that define where mitigation must be implemented. This system should also establish lower risk levels where mitigation can either be delayed or never implemented. The methodology outlined in this paper provides the basis for a robust risk management system.
Sponsorship	IEEE Reliability Soc.
Starting Page	1
Ending Page	4
File Size	377637
Page Count	4
File Format	PDF
ISBN	9781467347099
ISSN	0149144X
e-ISBN	9781467347112
DOI	10.1109/RAMS.2013.6517690
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2013-01-28
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Monitoring Risk management Heating Reliability Chemicals Fires Fault trees risk management comparison likelihood
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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