The techniques of risk analysis are insufficient in themselves

Explores the thesis that the techniques of risk analysis are necessary but in themselves insufficient components of the management of risk process. Begins by exploring the debate about risk. Proposes a definition of risk analysis, suggesting that the term refers to the sum of risk identification, estimation and evaluation. Takes the three component headings as the frameworks. Within each framework, gives an overview followed by an outline of the more common and important techniques. Discusses the issues of sufficiency and draws conclusions. Refers to the decision making techniques of risk management and sets out the overall conclusions substantiating the thesis.