A Practical Risk Management Framework for Intelligent Information Systems

Publisher:
AIS Electronic Library (AISeL)
Publication Type:
Conference Proceeding
Citation:
PACIS 2010 Proceedings, 2010
Issue Date:
2010
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This paper reports progress towards the development of a practical risk analysis and management framework for intelligent information systems based on the state-of-art techniques in uncertainty management. We provide an analysis of challenges raised by the need to manage risk and identify a set of key requirements for a practical framework that can support risk management in real environments that are open, complex and dynamic. We assess a number of relevant theories, approaches and techniques for their suitability in addressing the risk management challenges. Finally, we present our current multi-level risk analysis and modelling framework, and use benchmark problems in two entirely different domains to illustrate the broad range of our framework applicability.
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