Catalogue and Toolbox of Risk Assessment and Management Tools

Timonina, A., Mechler, R. ORCID: https://orcid.org/0000-0003-2239-1578, Williges, K., & Hochrainer-Stigler, S. (2013). Catalogue and Toolbox of Risk Assessment and Management Tools. Deliverable 2.1, Working Paper, ENHANCE Project, IVM, Netherlands (16 September 2013)

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Abstract

The ENHANCE project is concerned with analysing and working towards improved public-private partnerships for managing risks from natural hazards. An important issue for such partnerships is the methods, tools and processes available for assessing risk and risk management options. Risk analysis has long provided useful input to decision-making. At the same time, the field of risk analysis is in motion and an enhanced framing of risk analysis and risk management is being embraced following an iterative cycle organized around notions of learning, innovation and transformation. This broadened vision on risk analysis is a key issue for the ENHANCE project as well, which takes many and different perspectives on analysing, understanding, communicating and managing risk.

This report lays out the status quo at the outset of the project regarding risk analytical tools, methods and data that are currently used by project partners in ENHANCE. The task overall develops a catalogue of existing risk assessment and management tools and methods to describe the concepts of iterative risk management and further sets up a toolbox, containing individual models and tools to be used by the case studies in their analyses.

While work in the cases study, including methodological development, is in process, we find that ENHANCE partners and cases employ a multitude of models, tools and data ranging from impact analysis, different risk modelling techniques to various decision-support methods. A number of tools that encapsulate these methods are also available with the consortium.

We suggest the tools and methods in use can be useful starting points for working towards a broader vision of iterative risk management. While the work so far, and this deliverable, have focussed on populating the technical stages of the risk analytical cycle (visually identified as the inner circle), we suggest in the next phase of ENHANCE, additional efforts should be dispensed to better understand adaptive management aspects associated with using these methods and tools, such as learning, innovation and transformation, which we exhibit visually in an outer circle.

This report proceeds as follows: We start with laying out key elements of risk analysis and management in section 2, which also describes the new framing organized around the iterative risk-management concept. Methods for assessing risk and evaluating risk management are discussed in section 3. Then we consider methods, models and datasets that are in use in the ENHANCE case studies at the moment (section 4), before section 5 concludes. Finally and importantly, the annex lists more information on cases studies, for which detailed information was received from the project partners.

Item Type:	Other
Research Programs:	Risk, Policy and Vulnerability (RPV) Risk & Resilience (RISK)
Bibliographic Reference:	Deliverable 2.1, Working Paper, ENHANCE Project, IVM, Netherlands (16 September 2013)
Depositing User:	IIASA Import
Date Deposited:	15 Jan 2016 08:49
Last Modified:	27 Aug 2021 17:23
URI:	https://pure.iiasa.ac.at/10619

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