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AGnostic risk management for high Impact Low probability Events

Project description

Innovative tools for risk assessment and management

European and international policy priorities are designed to address global challenges, including high-impact, low-probability (HILP) events. However, there is a need to improve our understanding, anticipation, and management of HILPs. The EU-funded AGILE project will establish a novel conceptual framework and develop innovative tools for HILP events from a systemic risk and resilience perspective. AGILE will achieve this by developing a universally acceptable definition of HILPs, building a public database of precursor events, and creating a multi-tiered stress testing methodology that incorporates established and innovative methodological approaches (lateral thinking, strategic foresight, and machine learning). Furthermore, through scenario building and stress test implementation, AGILE will enhance resilience assessment, capability development, and strategic training to effectively manage HILP risks.

Objective

AGILE will design, develop, and apply a holistic methodological framework and practical tools for understanding, assessing, managing, and communicating HILPs events with a systemic risk and resilience perspective. The project will combine and integrate a wide range of established and innovative methodologies into a novel and replicable multi-sectoral risk and resilience stress testing methodology to better:

UNDERSTAND (Systems theory, Lateral thinking, Strategic Foresight, Machine Learning)
ANTICIPATE (Scenario Building & table-top exercises, Multi-Criteria Decision Analysis, Machine Learning) and
MANAGE (Resilience assessment, capability development strategic training)

These approaches and services will be co-created within a unique transdisciplinary consortium of research organisations, NGOs, SMEs, first responders, and local and regional authorities. The scalable and replicable methods will enable for the identification of common points of failure of critical societal functions in response to compounding low probability high impact threats as well as provide recommendations for both risk-informed system hardening and threat-agnostic systemic recovery. The project will ultimately improve the strategic and operational risk management capacities and capabilities of DRM stakeholders on local, regional and national level and thus strengthening the societal resilience to new and emerging risks in Europe and beyond.

The project provides the means and the methodology to ensure a wide ranging impact of its results to not only improve the understanding, anticipation and management of HILP risks and events, but the direct and wide-ranging contribution to key European and international policy priorities and global challenges such as the EU disaster risk management policies (in particular UCPM), the European Green Deal priorities (EU Climate Adaptation Strategy), as well as the EU Security Union Strategy.

Fields of science (EuroSciVoc)

Keywords

Programme(s)

Topic(s)

Funding Scheme

HORIZON-RIA - HORIZON Research and Innovation Actions

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Call for proposal

(opens in new window) HORIZON-CL3-2022-DRS-01

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Coordinator

JOHANNITER-UNFALL-HILFE EV
Net EU contribution
€ 658 911,84
Total cost
€ 658 911,84

Participants (11)

Partners (3)