Overview

This document describes a set of standardized methodologies for performing risk assessments. A risk assessment in this context refers to a forecast of future losses to an asset or group of assets, due to one or more hazards. The methodologies documented herein can be applied to natural or man-made hazards; acute or chronic hazards; and existing, new, or potential future assets. The future losses can represent repair cost, revenue loss, downtime, casualties, or other types of losses a client may be interested in. These methodologies were originally developed over the course of many projects by Arup’s Risk and Resilience team in San Francisco.