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Number of analysis of Cis interdependencies

 

 

 

POLICY P1M1

 

Take account of interdependencies when assessing and managing risk

 

Description

The interdependencies and cascading effects of risk are analysed, assessed and recorded. The Risk Systemicity Questionnaire can be a helpful tool as part of this process.

 

 

Case studies

Systemic risk assessment: A case study

Summary

This paper reports on a specific case for a large multinational project based organization, one that the authors had been involved with in the analysis of a number of projects that had massive cost overruns. Following these analyses the organization was persuaded of the importance of risk systemicity. The organization therefore engaged the authors to develop a ‘Risk Filter’. This filter is a tool for identifying areas of risk exposure on future projects and creating a framework for their investigation. The ‘Risk Filter’ is now used on all projects ever since its introduction; by the end of May 2003 it had been used by nine divisions, on over 60 major projects, and completed by 450 respondents. It is also used at several stages during the life of a project to aid in the risk assessment and management of each project, and contributes to a project database.

Source: The Journal of the Operational Research Society

 

The Stakeholder Focus Groups of Rome

Summary

The efforts of Rome’s local government to set a resilience agenda and increase engagement in building community awareness on urban resilience

Examples of economic impact of catastrophic events (e.g., Malmö)

Summary

The cost of flooding events from three European cities.

Source: EEA Report Box 2.3

 

Building back safer: One year after the Kaohsiung gas explosions

Summary

In 2014 Kaohsiung city in Taipei got hit with a series of explosions in underground pipelines due to unplanned development. Afterwards the government decided to build back better and rallied around four key pillars: infrastructure management practises, response mechanisms, strengthen supervision of industry, and to develop reaserch partnerships.

Source: ICLEI

 

Planning tools and incentives for urban regeneration and densification: the new Rome “General Town Plan” case-study

Summary

City of Rome adopted a new General Town Plan scheme (GTP) which substituted the previous one, in force since 1962. The case study describes the tools provided by the new GTP to reach that goal, in particular the incentives aimed at boosting developments run by several land-owners jointly, within a project scheme framework planned together with public authorities. The case study puts in evidence the problems that –coupled with the economic downturn - have slowed a full exploitation of the opportunities provided. Moreover, the case study puts in light the risks linked to a not very clear legal framework for “pre-existing” building rights created through variants of the former 1962 planning scheme.

Source: USEACT 
Additional source: http://www.urbanistica.comune.roma.it/uo-urbanistica-prg.html

 

 

Systemic risk elicitation: Using causal maps to engage stakeholders and build a comprehensive view of risks

Summary

This paper describes a modelling process developed to assist managers facing such situations. The process helps managers to develop a comprehensive appreciation of risks and gain an understanding of the impact of the interactions between these risks through explicitly engaging a wide stakeholder base using a group support system and causal mapping process. Using a real case the paper describes the modelling process and outcomes along with its implications, before reflecting on the insights, limitations and future research.

Source: European Journal of Operational Research

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This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement no. 653569.