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Risk versus vulnerability: Difference between revisions
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:*Limit damage accidents can cause | :*Limit damage accidents can cause | ||
:*Minimise chance that accidents happen | :*Minimise chance that accidents happen | ||
*'''Dealing with your | *'''Dealing with your [[organisational model]]''': Assuming accidents ''will'' happen, reduce vulnerability to them. Vulnerability comes in the form of unusual [[concentrations]]: | ||
:*Concentration of energy — in a financial services firm, call this financial risk, or profit-and-loss generators | :*Concentration of energy — in a financial services firm, call this financial risk, or profit-and-loss generators | ||
:*Concentration of population — different models of [[distributed network]]. Compare “hub and spoke” models like airports (fragile — take out a hub and large parts of the system are inoperable) with “multiple-node” networks like the internet (robust — take out a node and everything can flow a different way). | :*Concentration of population — different models of [[distributed network]]. Compare “hub and spoke” models like airports (fragile — take out a hub and large parts of the system are inoperable) with “multiple-node” networks like the internet (robust — take out a node and everything can flow a different way). | ||
:*Concentration of political/economic power— increases the vulnerability to harm from [[executive failure]]. | :*Concentration of political/economic power— increases the vulnerability to harm from [[executive failure]]. | ||