IEEE ENGINEERING MANAGEMENT REVIEW
Surf's Up: Volume 30, Number 2, Second Quarter 2002
Linda Kosmin Langford
IEEE EMS Board of Governors

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TOPIC:  RISK MANAGEMENT PROCESS
 The global Internet is rich with resources that provide in-depth information about all aspects of the risk management process. Many theories and practices are shared that can be helpful in analyzing and resolving both pure and speculative uncertainties. Lessons learned can be tailored to both businesses and public sector organizations. In addition to convenience, cybersurfing the Web delivers many viewpoints about risk evaluation criteria and risk management program strategies. Postings include examples of case studies and risk management policy statements. Some sites focus on risk model development, risk audit methodology, risk financing strategies, and risk vulnerability assessment. Techniques are given for integrating risk control into project plans. The following Web sites were selected for review because they serve as examples of targeted portals and scholarly routes to best practices for business- related risk management.

ERisk Portal
http://www.erisk.com/
This site emphasizes enterprise-wide risk management (ERM). There is in-depth information about current trends and modeling techniques. Targeted areas include market risk, operational risk, enterprise risk, financial risk, credit risk, insurance risk, and risk transfer. Hyperlinks connect to book reviews and full-text scholarly articles. Visitors can freely participate in a series of Internet-enabled risk management conferences. Underscored are case studies, practical methodologies, quantitative risk measurement techniques, qualitative evaluation approaches, and suitable roles for a chief risk officer (CRO). Also, full-text archived transcripts of older conference files can be readily downloaded.

Archive for the History of Economic Thought
http://cepa.newschool.edu/het/references.htm
This online text archive spans ancient to modern times. Searching on the keyword "risk" produced 66 titles including books, articles, and essays. While some electronic documents are maintained by this server, more often links are provided to other holdings in specialized repositories. For example, there are links to documents maintained at the Cowles Foundation at Yale University, the Gallica Web site of the Bibliothèque National de France, Le Jardin aux Sentiers qui Bifurquent of Paulette Taieb, the Bibliothèque Virtuelle of the Centre d'Histoire de la Pensée Economique, and the Library of Economics and Liberty at the Liberty Fund.

RiskList
http://home.clara.net/rlowther/frame3.html
This informative site serves as a pathfinder resource. It provides brief abstracts and pointers to all types of risk management resources on the Web. For example, references and hyperlinks are provided to other portal sites throughout the world that provide guidance to businesses and the nonprofit sector for managing, monitoring, communicating, and controlling risks and exposure. Key risk-related categories include current news, e-mail listservs, newsgroup discussion forums, financing strategies, insurance options, risk transfer methods, recovery planning, contingency planning, regulatory considerations, and literature recommended for further reading.

Risk Management Reports
http://www.riskreports.com/standards.html
This is a subscription-based monthly electronic publication featuring commentary by the editor/ publisher, who is a seasoned risk management expert. It is a useful resource for history, insights, and caveats about international risk management standards. Also shared are cogent reviews of essential reading for the risk manager. Educational institutions are listed where focused courses are offered.

Risk Theory
http://www.geocities.com/CapeCanaveral/Launch pad/6016/
This site is primarily concerned with mathematical issues related to the risk theory branch of probability theory. Contents can be accessed in both Russian and English languages. Full-text of university lectures can be readily downloaded that may help with decision-making. Useful links are arranged by categories such as professional associations, discussion forums, modeling uncertainty, and software.

RiskWorld
http://www.riskworld.com/
This online directory strives for broad coverage. It features Web links to full-text publications dealing with risk-related topics. In its Career Center, access is facilitated to details about grants, fellowships, and job opportunities. News articles, events announcements, and calls for papers are also presented in a timely manner. There is a topical index to risk-oriented professional society Web sites. The Abstracts Library provides informative summaries of conference papers and journal reprints. Over 100 different risk-related software applications are reviewed, including some shareware options.

ENGINEERING MANAGEMENT REVIEW
A publication of the IEEE Engineering Management Society