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RISK MANAGEMENT - Engineers Canada

RISK MANAGEMENT AN AREA OF KNOWLEDGE FOR ALL Engineers A Discussion Paper By: Paul R. Amyotte, & Douglas J. McCutcheon, 1 Chemical Engineering Program Department of Process Engineering & Applied Science Dalhousie University Halifax, Nova Scotia, Canada B3J 2X4 2 Industrial Safety & Loss MANAGEMENT Program Faculty of Engineering University of Alberta Edmonton, Alberta, Canada T6G 2G6 Prepared For: The Research Committee of the Canadian Council of Professional Engineers October 2006 SUMMARY The purpose of this paper is to seed the discussion by the Research Committee of the Canadian Council of Professional Engineers (CCPE) on the topic of risk MANAGEMENT . The paper is in part a research paper and in its entirety a position paper. As can be inferred from the title, the authors hold the firm opinion that risk MANAGEMENT is an area of knowledge with which all Engineers should have familiarity and a level of competence according to their scope of practice.

RISK MANAGEMENT – AN AREA OF KNOWLEDGE FOR ALL ENGINEERS A Discussion Paper By: Paul R. Amyotte, P.Eng.1 & Douglas J. McCutcheon, P.Eng.2 ... 2006) and the performance of major undertakings from a business perspective (e.g. IRM, 2006). Thus, while the focus of the current paper is on technical or engineering risk, it is

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