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Standardization in Risk Management Regulations : What Can We Learn From Scientific Literature?

Ingvarson, Johan LU (2021)
Abstract
The structural set-up and key characteristics of regulatory regimes for risk management vary between countries, technical domains and application areas. Risk regulations come in different forms, ranging from a highly prescriptive (“hard”) approaches including explicit requirements on key risk management components, to “softer” approaches requiring risk to be managed without defining how. Risk regulations are subject to continual development. Increased standardization is observed in diverse risk domains such as land-use planning, terrorism and security risk management, cyber security, and disaster risk management. This development is contested and the question of what form of standardization and whether a low versus high level of... (More)
The structural set-up and key characteristics of regulatory regimes for risk management vary between countries, technical domains and application areas. Risk regulations come in different forms, ranging from a highly prescriptive (“hard”) approaches including explicit requirements on key risk management components, to “softer” approaches requiring risk to be managed without defining how. Risk regulations are subject to continual development. Increased standardization is observed in diverse risk domains such as land-use planning, terrorism and security risk management, cyber security, and disaster risk management. This development is contested and the question of what form of standardization and whether a low versus high level of standardization is the most beneficial for effective and efficient risk management risk management is debated. Using a scoping study approach, this paper presents an overview of standardization of risk in scientific literature. The aim of this paper is to provide insights related to the arguments, effects, and experiences of using standards or standardized approaches for managing risk. The results indicate that effects of standardization in risk regulations are not extensively covered in research. The paper contributes to the knowledge base for judging the appropriate level and form of standardization in risk regulations but more research is needed. (Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
Standardization, risk, scoping study, literature review, risk management, risk governance, regulation, safety
host publication
Proceedings of the 31st European Safety and Reliability Conference (ESREL 2021)
editor
Castanier, Bruno ; Cepin, Marko Cepin ; Bigaud, David and Berenguer, Christophe
external identifiers
  • scopus:85126942564
ISBN
978-981-18-2016-8
language
English
LU publication?
yes
id
882fc13d-6286-4c7f-8be3-c8f3c6df5df4
alternative location
https://www.rpsonline.com.sg/proceedings/9789811820168/html/386.xml
date added to LUP
2021-10-25 08:47:10
date last changed
2022-09-13 04:03:41
@inproceedings{882fc13d-6286-4c7f-8be3-c8f3c6df5df4,
  abstract     = {{The structural set-up and key characteristics of regulatory regimes for risk management vary between countries, technical domains and application areas. Risk regulations come in different forms, ranging from a highly prescriptive (“hard”) approaches including explicit requirements on key risk management components, to “softer” approaches requiring risk to be managed without defining how. Risk regulations are subject to continual development. Increased standardization is observed in diverse risk domains such as land-use planning, terrorism and security risk management, cyber security, and disaster risk management. This development is contested and the question of what form of standardization and whether a low versus high level of standardization is the most beneficial for effective and efficient risk management risk management is debated. Using a scoping study approach, this paper presents an overview of standardization of risk in scientific literature. The aim of this paper is to provide insights related to the arguments, effects, and experiences of using standards or standardized approaches for managing risk. The results indicate that effects of standardization in risk regulations are not extensively covered in research. The paper contributes to the knowledge base for judging the appropriate level and form of standardization in risk regulations but more research is needed.}},
  author       = {{Ingvarson, Johan}},
  booktitle    = {{Proceedings of the 31st European Safety and Reliability Conference (ESREL 2021)}},
  editor       = {{Castanier, Bruno and Cepin, Marko Cepin and Bigaud, David and Berenguer, Christophe}},
  isbn         = {{978-981-18-2016-8}},
  keywords     = {{Standardization, risk, scoping study, literature review, risk management, risk governance, regulation, safety}},
  language     = {{eng}},
  title        = {{Standardization in Risk Management Regulations : What Can We Learn From Scientific Literature?}},
  url          = {{https://www.rpsonline.com.sg/proceedings/9789811820168/html/386.xml}},
  year         = {{2021}},
}