2.3 Risk

Investment decisions for assets may also be allocated based on risk. For example, funding may be allocated to assets required to access remote communities. If the asset is compromised, residents may not be able to obtain access to essential services.The following chapters give an overview how different risks can be incorporated into asset management. The first chapter includes also an overview about the definition of risk in the context of asset management. The paragraphs aim at a better understanding of risk and how the different risks can be managed.