Managing Risk: Systematic Loss Prevention for

Vernon L. Grose, Managing Risk—Systematic Loss Prevention for Executives, Prentice Hall, Englewood Cliffs, NJ, 1987. 

Vernon L. Grose in Managing Risk Systematic Loss Prevention for Executives appropriately cautioned on several occasions against an overreliance on numbers in determining risk when the numbers may not be sound. A reasoned skepticism would serve safety professionals well concerning the validity of the numbers used in what appear to be precise determinations of both the probabihty of an incident occurring and an assessment of its consequences. 

Managing Risk Systematic Loss Prevention For Executives by Vernon L. Grose... 

Grose, Vernon L. Managing Risk, Systematic Loss Prevention for Executives. Englewood Chffs, NJ Prentice-Hall, 1987. Now available through Omega Systems Group, Arlington, VA. 

Some practitioners in risk assessment disagree with Lord Kelvin s absolutist statement, such as Vernon L. Grose. In his Managing Risk Systematic Loss Prevention for Executives, in which the above quote from Lord Kelvin may be found, Grose expressed concern over the use of numerology in making risk assessments, and cautions about the ... 

System safety may grow as a separate discipline or the system safety effort may be absorbed into the mainstream of industrial safety, loss prevention, risk management, loss control, or some other program. A new name or buzzword may appear. Nevertheless, the need for first-time safe systems and for the application of system safety principles, tools, and techniques to systematically identify, analyze, and control hazards as early in the life cycle as possible (with continuing efforts throughout the life cycle) will continue to grow indefinitely. 

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