System Dynamics Glossary
What is the meaning of Consequences (Risk Consequences)?
Consequence (risk consequence) is the outcome
of an event or situation expressed qualitatively or quantitatively, being
a loss, injury, disadvantage or gain (AS/NZS 4360). A Risk
Consequence is the impact on desired outcomes from
the risk event occurring. Essentially, the concern focuses on loss,
since although windfalls may also result they do not create
a liability or cost. It is these consequences that creat
the need for management attention.
Books Related to Consequence
John Ross, "Unintended
Consequences".
—More information on Unintended Consequences
Michael T. Klare, "Blood
and Oil : The Dangers and Consequences of America's Growing
Dependency on Imported Petroleum (The American Empire Project)".
—More information
on Blood and Oil : The Dangers and Consequences
of America's Growing Dependency on Imported Petroleum (The American Empire
Project)
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