The Varied Nature of Risk and Considerations for the Water Industry: A Review of the Literature
- Anna Kosovac
- Brian Davidson
- Hector Malano
- Julia Cook
Abstract
In many circumstances within the water industry, project managers act as the gatekeepers for new infrastructure and water projects by way of determining, or at least providing, an assessment of whether to proceed with the project. Their assessments, which are considerably based on risk, disproportionately assume a technical, rational approach. Psychological, sociological and cultural risk approaches provide a comprehensive guide into how risks are assessed, highlighting areas that are not considered by the traditional technical risk approach. This article provides a review of these approaches, and in so doing contends that existing risk assessments in the water industry ignore sociological and psychological contexts in situations, leading to an assessment that may not be reliable.
- Full Text: PDF
- DOI:10.5539/enrr.v7n2p80
Journal Metrics
Google-based Impact Factor (2016): 6.22
h-index (November 2017): 12
i10-index (November 2017): 19
h5-index (November 2017): 11
h5-median (November 2017): 12
Index
Contact
- Emily LinEditorial Assistant
- enrr@ccsenet.org