Fig. 4: A generalisable systemic risk assessment methodological framework.
From: A systemic risk assessment methodological framework for the global polycrisis
The figure depicts (left-hand side) seven systemic risk assessment steps and (right-hand side) seven cross-cutting practices to be applied across each of the assessment steps. The steps are intended to be undertaken in the logical order shown, but the arrows indicate that that each step can and should if necessary, be returned to once other steps have been undertaken. As such, the framework is not prescriptive in its sequencing of steps. The arrow (left-hand side) from the ‘implement, monitor, evaluate and adapt’ step to the other steps is indicative that, once systemic risk assessments and responses have been implemented, they can and should, where necessary, lead to review and revision of each of the other steps. Produced by authors.
