New book challenges current thinking on risk management
Congratulations to Emeritus Professor David Carmichael on the publication of his latest book Risk & Systems: with Applications in Infrastructure Project Management. Published by CRC Press (Taylor & Francis Group).
The book, which will suit students and practitioners alike, develops a risk framework through a systems approach and offers a challenging and fresh approach for infrastructure engineering, construction and project management in general.
Em Prof Carmichael says he wrote the book to correct existing practice and the current literature. ‘In existing practice,’ he says, ‘almost no one understands risk or risk management. People draw conclusions regarding risk but don't have a rational basis for their conclusions.’