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Importance of Social RiskWhile Making Engineering

Decisions

Syed Kashifur Rehman (10529877)

Kiran Kumar Dinakaran (10646863)Velmurugan Premnath (10543080)

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Social Risk

It is defined as the public measures toprovide security for the individuals andhouseholds.

It is public interventions to assisthouseholds and communities, providesupport to the critical poor.

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Basic Risk Management Questions

o

o

o o

How to identify the risk?

What are the risks

that are not

acceptable?

o

o

oo

o How shall I invest in

controlling the

intolerable risks?

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Identify The Risk ?

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Types of Risk

Natural risk, example :- earthquakes,flooding, illness

Man-made Risk , example :-environmentaldegradation, unemployment and war.

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Managing risks

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The perceived risk

should be balanced

well and properjudgements should be

made to free from the

adverse effect of it. Let

alone balancing the

risks one

person may want to

take against all of the

effects this could have

the community they live

Within.(Stiggelbout et

al,2004).

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Society determines

the value placedupon an

individuals

opinion. This social

weighting is not

equitable or fixed.

The weight givento peoples views

are linked to the

state of their

health, class,

economic standing

and education(Delanty, 1997).

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Lane Cove Tunnel Project

Merits

Reduced travel time

Less vehicles in the city.

Reduction in green gas emission

Less fuel consumption

Demerits

Impact on livelihood if tunnel

becomes inoperative.

Environmental Degradation

Increase in traffic accident

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Union Carbide-Bhopal Tragedy

Social Risks

Factory has been built in a vastly populated area

Death Disability

Environmental Degradation

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Lessons Learned

Importance of Social Risks

Beware of people in making decisions

Address all concerns thoroughly

Coordinating with the Communities and surroundings.

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Queries???

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THANK YOU