Types of Risk in a System Engineering Environment and Software Tools for Risk Analysis

Every day, companies are exposed to various types of risk. They can be connected to property, liability of third parties, staff or decisions; risk is the usual companion in every business and with direct influence on result. In the paper different types and categories of risks are explained in a great detail. The essential aspects and characteristics of risks are systematically described and discussed. For better decision making the introduction of the software tool RISK is shown and argumented. (C) 2014 The Authors. Published by Elsevier Ltd.