Talking Water

17th January 2008

Subject: Water and Risk etc.

Yesterday in class we talked about models and modelling and it led us into speaking about a series of inter-related words that it is useful for us to understand better because they are frequently used and often in varying ways. Below I have listed some of them along with a link to their Wikipedia entries which provide useful starting points for learning more about them.

Risk

Risk management

Uncertainty

Precautionary approach/principle

Factor of safety

Fail-safe

No regrets (the link is to Climate Risk Management; its definition includes the idea of "no regrets" strategies)

Sensitivity analysis

Scenarios analysis