Publications & References

The references below each have something to offer beyond conventional risk management thinking.

Please feel free to suggest additions, especially more recent references and those providing unique new insights or thinking.


Systems Thinking and Risk


Richard Barber

A Systems Approach to Risk Management In: Proceedings of Australian and New Zealand Systems Conference 2002, Mooloolaba, Dec 2002., Barber, R. B. and Burns, M.

Why ASNZS 4360 is not enough … (Systemic Issues in Risk Management in Projects – Why the ASNZS 4360 Approach is not Enough.)  In: Australia Institute of Project Management 2003 Conference Proceedings, Alice Springs, Oct 2003. Barber, R. B.

A Systems Toolbox for Risk Management.  In: 9th ANZSYS Conference Proceedings, Melbourne, Nov 2003, Barber, R. B.

The Dynamics of Internally Generated Risk. In: 9th ANZSYS Conference Proceedings, Melbourne, Nov 2003, Barber, R. B.

Understanding Internally Generated Risks in Projects (IJPM).  In: International Journal of Project Management, Vol 23, October 2005: 584-590, Barber, R.B.

An investigation into the role of internally generated risks in complex projects.  PhD Thesis, University of NSW (Canberra), Nov 2008, Barber, R.B.


Other Authors

Systemic risk assessment: a case study.  Journal of the Operational Research Society (2006), 1–13.  F Ackermann, C Eden, T Williams and S Howick.

This paper recognises the complexity and inter-connectedness of risks in organisations, and proposes a response.  A must read for those seeking new approaches to the management risk in organisations.

Emerging Risks – The signs are there.  Risk Management Journal, American Society of Actuaries, Sept, 2009 p8-14. Allan N. and Cantle N.

This is a great example of systems thinking applied to risk management. A must read.   It is available on the web. Look for other work by these authors.

The Road to Resilience is Paved with Sound Risk Management – New Paradigms for Risk Professionals. Risk Management Instution of Australasia Annual Conference, Cairns, November 2009.  Dr Ted Dahms (Plum Concepts & Solutions).

An insightful paper with a systems thinking underpinning.  Refreshing to read, even the parts I disagree with.  Available at Ted’s website.

Application of Systems Thinking to Risk Management.  Management Decision, Vol. 33 No. 10, 1995, pp. 35-45 © MCB University Press Limited, 0025-1747, Diana White

A literature search, now quite dated but with some useful references.

Systemic risks a new challenge for risk management.  In: Science and Society, Vol 5, Special Issue.  Klinke, A. and Renn, O. 2004.

Managing Systemic Risks.  Briefing Paper No 11, Financial Reform Project, The PEW Charitable Trust.  Charles Taylor.  2009.

This paper defines systemic risk in financial terms only.  Despite this limitation, it adds its own unique view to the systemic risk management conversation.  Available on the web.

Other Interesting Topics

Using Risk Concept Maps in a Project or Programme. Proceedings of the 5th. European Project Management Conference, Cannes (PMIEurope, 2002). Bartlett, John (2002)

Also look for other references authored by John Bartlett.   Although the approach he takes is in large part conventional, the use of risk concept maps in various forms provides a powerful additional tool for understanding risk.

A Systems Model of Project Management.  In: Systemist: Special Conference Edition, Bristol, May 2002. Barber, R.B. 2003.

Not about risk, but an example of a first-principles systems thinking approach to a common management activity – project management.

Project Management as a Profession: Challenging the Paradigm. Unpublished.  Presented to UNSW (ADFA) Internal Research Review 2001.  Richard Barber.

This paper discusses Project Management, but there are elements that are very pertinent to risk management as a profession.  This especially applies to the discussion about the role of Standards in blocking the development of new thinking and ideas across a profession.  The paper also looks at project management as a concept from a range of interesting perspectives – e.g. fractals, complexity, maturity.