Society For Risk Analysis Annual Meeting 2017

Session Schedule & Abstracts

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Common abbreviations

Roundtable: Developing Guidelines for Each Domain of Risk Management Practice

Room: Salon B   3:30 pm–5:00 pm

Chair(s): John Lathrop

Sponsored by Applied Risk Management Specialty Group

The Applied Risk Management Specialty Group is writing a document: Principles and Guidelines for Analytic Support of Risk Management. That document is intended as a vehicle for broad discussion and conclusions, with a goal of defining a consistent set of principles and guidelines that applies across all areas of SRA. Last year we focused on principles, this year we focus on guidelines. We have identified 16 domains of application and 21 challenges to be addressed in each of those domains. Some of the challenges: Capturing the risk generating process; characterizing the risk event space; reducing data down to effective decision guidance in a valid and reviewable way; assessing the uncertainties and validly taking them into account in risk management; considering scenarios “not on the list”; developing robust and resilient strategies; setting an adequate budget; validly choosing among alternative analyses; adversary modeling where it applies; data availability and collection; data validation; data management; data QA/QC; model validation; model documentation; and effective communication/advice into the actual risk management decision process. We can’t do an adequate job in all 16 domains, so we are initiating a process where we cover as many domains as we can, then invite others to participate in extending our work to other domains. The writing of the document will span multiple years. We will conduct this roundtable as a working session, to acquire as many ideas as we can from all participants. The panelists will each pose key dilemmas and challenges we have encountered in developing guidelines, then call for ideas and arguments from everyone in the room. One of our underlying agendas is to enlist others in our writing effort, in particular SRA members outside of our Specialty Group.

Patricia Larkin, Willy Roed, Rob Waller, Seth Guikema

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