One of the University's newest centres, the Risk Institute is a focus for world-leading risk research and consultancy. It's working with major bodies including the Ministry of Defence, the Project Management Institute and the Infrastructure and Projects Authority.
A key aspect of the institute’s role is to address operational risk in the offshore wind industry as the Humber region becomes a hub for the sector. Our researchers also consult for the international Organisation for Economic Co-operation and Development.
Risk and uncertainty are part of the commercial landscape for almost every organisation, especially in today’s complex and rapidly changing environment.
Maximising the rigour and methodology of our interdisciplinary research, the institute holistically analyses the risks that today’s organisations might face.
The team work with a diverse range of partners and collaborators on a ‘big picture’ approach. For example examining individual risks; analysing how these risks interact; and exploring the ‘human factor’ - how people, both inside and outside an organisation, are likely to react to the identified risks.
This approach provides an evidence-based assessment of risk, giving a valuable insight of organisational risk culture and decision-making. Our team use this analysis to provide expert advice on the practicalities of risk management and reporting.