Keywords: risk management, complexity, interdependent systems, risk assessment framework, interdependency, vulnerability, critical systems, critical infrastructures
Risk management of complex critical systems
It is crucial to examine the changing panorama of vulnerabilities and criticalities in our increasingly interconnected world. Understanding the meaning of complexity and its implications allows us to see the interconnectedness of the world for enhanced risk management in technical and social systems. In this respect, a framework to assess complex systems is necessary to understand vulnerabilities and risks. We explain how this framework can provide a quick, higher-level view and preliminary risk management screening prior to proceeding into specific and costly analyses.