Comprehensive Personal Risk Management
is a basic need of human beings. However, people in our society often
do not attempt to achieve total security but are content with appropriate
protection from major risks. The development of modern society has
increasingly made this task the responsibility of the individual who
can no longer rely on the social net formerly provided by big families.
On the one hand, the development of technology, which has introduced
new and hardly assessable risks, undermines people's sense of personal
safety, on the other hand it offers new means to improve risk management.
the objective of this book to show how individuals may identify, assess,
and manage their risks in a systematic manner by means of a computer-based
intent, in the first part, the various aspects and definitions of
the term "risk" will be discussed and then summarised in
a comprehensive view of risk. Thus, the differing attitudes of individuals
are taken into account. For instance, one person may consider risk
to mean possible damage, another may think of a potential series of
unfortunate circumstances with adverse effects, and yet another might
associate the term with something that jeopardises the realisation
of personal goals.
Risk Management (PRM) is only slightly different from the risk management
of a company. The distinctive difference lies in the fact that companies,
especially major ones, employ professional risk managers whereas most
individuals, provided they consciously assess their risks at all,
merely do so as an afterthought. Thus, PRM support of individuals
not only has to adapt to one's particular understanding of what constitutes
a risk, but also to the particular approach of dealing with it. A
parent, for example, is likely to be interested in the risks facing
his or her child in the future, whereas another individual primarily
wants to find out whether it makes sense to take out a life insurance
policy. However, in addition to supporting individuals in their specific
approach, there should also be advice on how to optimise the procedure.
Hence, a taxonomy of PRM approaches will be developed on the basis
of a comprehensive view of PRM.
to assess the risk that individuals face in a systematic and comprehensive
way, a model of the individual will be presented. Physical, mental,
financial and material aspects will be taken into consideration as
well as the individual's social, economic, technological and ecological
relationships within his or her environment. Furthermore, the human
life cycle will be taken into account.
part of this book deals with the problem of how the elaborated concepts
of PRM support can be transformed into a computer-based solution by
means of modern approaches to software engineering.
architecture will be presented. In order to realise it, the domain
must be modelled accurately on the conceptual level. An objectoriented
model meets this criterion by clearly representing the models that
were outlined in words in the first part by means of Unified Modeling
aspects will not only be discussed theoretically but a prototype with
its emphasis on the goal-oriented approach will also be presented.
An empirical study based on the prototype provides evidence for the
fact that the suggested approach can be implemented.
About the Author:
Steiger, Dr. Inform. (Ph.D)
(PDF in German)
book is written in English!
Computer-based Support for Comprehensive Personal Risk Management.
IVW-Schriftenreihe, Band 38, St. Gallen, 2000