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Dr. William McAnally, Ph.D., P.E., BC.CE, BC.NE, F.ASCE
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RE: How do you distinguish between risk and uncertainty?
Posted By
William McAnally
12-18-2025 10:08 AM
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Risk Management
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Thanks, J-Martin. That's an interesting graphic. Bill Mc ------------------------------ William McAnally Ph.D., P.E., BC.CE, BC.NE, F.ASCE ENGINEER Columbus MS ------------------------------
RE: How do you distinguish between risk and uncertainty?
Posted By
William McAnally
12-16-2025 12:11 PM
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Risk Management
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I agree that Hillson's "Risks are uncertainties that matter" is true but is inadequate as a definition because it's incomplete and can be misunderstood. It's incomplete because it lacks explicit mention of consequences. Embedding consequences in "matter" ignores uncertainty bars on measurements and model ...
RE: Intersection with Cognitive Biases and Behavioral Economics
Posted By
William McAnally
12-11-2025 03:15 PM
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Risk Management
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I see cognitive bias as a HUGE problem, encountering it so frequently that I consider it an epidemic. One particularly painful example: River engineers label sediment transported in suspension but not seen in the river bed as "wash load." Often we need only design for the sediment found in the bed, ...
RE: How do you distinguish between risk and uncertainty?
Posted By
William McAnally
11-26-2025 09:47 AM
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Risk Management
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The CEBOK does a good job of distinguishing between risk and uncertainty, defining risk as "... the most likely consequence of a particular hazard or vulnerability combined with the likelihood or probability of it occurring." That definition, distinct from uncertainty, is consistent with the definition ...
RE: Difference between Safety and Risk Management
Posted By
William McAnally
11-14-2025 09:14 AM
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Risk Management
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I like your 2022 comments. They are very much on target. Can we distinguish safety as preventing harm to humans? Extend it to pets? Attractive megafauna? Certainly safety should be treated as a risk management issue, but risk management also includes non-safety matters. Isn't it a systematic approach ...
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