RISK AND RISK MANAGEMENT: THE PERSPECTIVES OF RISK FOR RISK ANALYSIS

Risk is a major theme in current public policy-making and in public debate and academic research. Risk management practices in many associations and aboard domains, however scholarly literature is miscellaneous, relatively small and conceptually disparate. Risk management is necessary progress which it is successful in averting the engendering of adverse risk events, in minimizing detrimental consequences from risk events, and in adjusting societal risk concerns and anxieties. To track the novelty and contributions of risk study, this paper criticized different perspectives of risk on risk management and risk analysis, four perspectives of risk are particularly identified, which are sociological, psychological, economic and engineering approach.