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CONSEQUENCE


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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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Books related to Consequences (Risk Consequences)