What we doThe Risk Institute is a unique concentration of expertise across many disciplines from different faculties including engineering, physical and life sciences, management, and social sciences. Its research focuses on inventing methods and fashioning tools for the coherent quantification and management of risks and uncertainties that arise in complex environments and natural and constructed systems. The core staff at the Risk Institute have authored hundreds of scholarly papers which have generated over 27 thousand citations collectively.
The Risk Institute is a unique national centre of excellence in risk and uncertainty research. It hosts the only centre for doctoral training in the UK focusing on risk and uncertainty. Currently, there are over sixty PhD researchers engaged in research projects motivated by interaction with industrial partners. This research is funded primarily by EPSRC and ESRC and various other national laboratories, industrial firms, governmental agencies, and NGOs.
Our MissionHelping people and organisations create a safer, more secure, and more efficient world, we offer cutting-edge methods to quantify, mitigate and manage risk and uncertainty.
Natural and engineered systems can exhibit extreme or unfavourable states that can lead to injury or death, financial loss, or just suboptimal performance. Anticipating and preventing these outcomes requires understanding how they arise given fluctuations in environmental conditions, actions by adversaries, imperfect or limited measurements, and incomplete scientific understanding of the underlying physical processes.
We develop methods to assess and forecast risks and to make optimal decisions in the face of such uncertainty. Our research spans many disciplines within engineering, as well as the physical sciences, mathematics and computer science, medicine and the life sciences, economics and finance, and even psychology and other social sciences.
Equality, Diversity & InclusionThe Risk Institute is committed to principles of equality, diversity, and inclusion. This permeates through everything we do. Equality covers our commitment to ensuring we provide equal opportunities to all of our students and staff irrespective of race, gender, socio-economic status, religion, disability and sexual orientation, it also governs all of our recruitment processes.
We are proud of our team diversity, and it is absolutely fundamental to our success. Our commitment to diversity extends beyond an individual's membership of the previously stated salient social groups. This means we provide flexible working and research conditions to suit an individual's particular needs, and so we can structure their research around work or family commitments. We are delighted to have young parents and mature students within our graduate student cohort, and we work tirelessly to ensure an open, friendly and supportive research environment for all.
The Risk Institute has a commitment to inclusion particularly in our local community. We have a strong outreach program, working in local schools, and we have a comprehensive calendar of public interest events and continuing education courses.
Partners of the Risk InstituteIndustry collaboration is central to the experience and training offered by the EPSRC and ESRC Centre for Doctoral Training in Quantification and Management of Risk & Uncertainty in Complex Systems & Environments (CDT) and will provide an optimal basis for employability. Listed below are the Partners currently active in the CDT and we expect this list will grow as the CDT progresses.
Exchanging knowledge and expertise, education and training are an integral part of the Institute of Risk & Uncertainty and accelerate the utilisation of our research achievements in the public and private sectors.
We work closely with industry, business and Government to develop applications, products, technologies, processes, techniques, policy and services.
This is realised with specialised and cross-disciplinary projects within a global collaborative network, including partners such as: Rolls Royce, Airbus, Areva, Banco Santander, BNP Paribas, the National Nuclear Laboratory, ARUP, national and international police forces, Swiss Re, Barnett-Waddingham, Aspen and EDF Energy.