NEWS

What is risk know-how?

7 December 2021

Risk know-how is about informed decision-making. Every risk entails a trade-off with the benefits and costs of action or inaction, which need to be weighed up to make a decision. Community risk practitioners and risk experts have identified common issues and needs for empowering people to make these decisions.

This has been developed through discussions with them, for use by in everyday life. Our belief at IPUR is that with better understanding of risk, society as a whole will be empowered to make considered decisions.

It’s with this understanding and goal that led to the support and guidance of a new framework for risk know-how. The framework has been developed through discussions and interactions with community risk practitioners and risk experts to facilitate those decisions.

A result of an international partnership between Sense about Science, IPUR and the Lloyd’s Register Foundation, the risk know-how equips people to weigh up claims and data about risk in the way that works best for their circumstances and the discussions they are having in their communities.

In the three-part article for Significance, Tracey Brown, Christine Franklin and Leonor Sierra introduce the framework, and call for statisticians to get involved. Find out more here.

UPDATE: As of 28 June 2023, a new £1 million from the Lloyd’s Register Foundation to the Risk Know-How Framework is set to expand the influence and impact of the framework. Find out more here.