ABSTRACT

Reader, you are sitting in a chair beginning to read this chapter. There is a chance that you will never finish it. The chair may break and you may strike your head when you fall. A fire may break out in the room. The ceiling may collapse upon you. You are living with risks at the very moment you seek to understand how to control them! When considering risk management there are six lessons to be learnt:

1 Absolute safety is a chimera (a pious hope!) 2 We do have some ability to change the risk equation if we understand

the hazard. For example, if you read this chapter in an open field you remove the hazard that a ceiling may fall on you or that a fire may trap you in your room.