Challenges in Risk Management and Governance

Terje Aven

University of Stavanger and President, Society for Risk Analysis (SRA)


In this talk Professor Terje Aven addressed challenges in risk management and governance. Examples include how to adequately characterize risk, meet potential surprises and the unforeseen (black swans), and balance different concerns. A special focus is placed on cautionary/precautionary (robust, resilient)-based thinking. The current call for a shift from risk to resilience is examined – what is its rationale? Can resilience management meaningfully be conducted without considerations of risk? Different types of management and governance frameworks are looked into, including economic theories and models. Examples are used to illustrate the discussion, for example national and global risk descriptions, and climate change related risk.

Terje Aven, Ph.D., is Professor in Risk Analysis and Risk Management at the University of Stavanger, Norway. He is also a Principal Researcher at the International Research Institute of Stavanger (IRIS). Previously he was also adjunct Professor in Risk Analysis at the University of Oslo and the Norwegian University of Science and Technology. He has many years of experience as a risk analyst and consultant in industry. He is the author of many books and papers in the field, covering both fundamental issues as well as practical risk analysis methods. He is currently Chairman of the European Safety and Reliability Association (ESRA) and President of Society for Risk Analysis (SRA). He is Editor-in-Chief of the Journal of Risk and Reliability and Associate editor for several journals including Risk Analysis.


When: Monday, April 23, 2018, 12:30 pm - 2:00 pm

Where: Center for Interuniversity Research and Analysis of Organizations


Terje Aven's Presentation

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