Described herein are computer implemented frameworks and methodologies for enabling risk analysis (and in some cases resilience testing) for a system comprising physical assets. This may include use of a disaggregation/re-aggregation methodology thereby to understand risks based on engineering parameters underlying assets. Some embodiments take into particular consideration risks that evolve over time due to changes in climate and other external or internal scenarios. While some embodiments will be described herein with particular reference to such applications, it will be appreciated that the invention is not limited to such a field of use, and is applicable in broader contexts.
Please help me write a proper abstract based on the patent claims. CLAIM: 1. A computer implemented method for performing risk analysis for a system including a plurality of physical assets, the method including: for each asset, defining an asset data item; for each asset data item, defining one or more element data items respectively indicative of elements that constitute the asset; for each element data item, defining one or more engineering-level data items respectively indicative of materials and components that constitute the element; disaggregating each asset data item into its constitute element data items, and each element data item into its engineering-level data items; operating a risk assessment engine thereby to determine risk quantifiers for each of the engineering-level data items based on a set of engineering data parameters and a set of future conditions parameters; and upwardly aggregating the determined risk quantifiers thereby to determine risk quantifiers for the elements, and upwardly aggregating the risk quantifiers for the elements thereby to determine risk quantifiers for the assets. 2. A method according to claim 1 wherein at least one engineering-level data item is a materials data item, and wherein for the materials data item the engineering data parameters are indicative of performance of a given material under predefined conditions. 3. A method according to claim 1 wherein, for at least one engineering-level data item, the engineering data parameters are indicative of a design envelope representing performance of a given component under predefined conditions. 4. A method according to claim 3 wherein the given component is defined by a structural component, mechanical component, electrical component, or combination of two or more of a structural component, mechanical component, and electrical component. 5. A method according to claim 3 wherein the design envelope represents performance of the engineering-level data item when exposed to one of more hazards or contextual parameters. 6. A method according to claim 1 including, for each element data item, defining one or more sub-elements which comprise the element which may be either discrete physical items or integrated and inseparable from other sub-elements. 7. A method according to claim 1 wherein the risk assessment engine is configured to determine probability of both damage and failure of each of the engineering-level data items when exposed to hazards to which the asset is to be exposed based on the application of a set of engineering data parameters within applied risk algorithms. 8. A method according to claim 1 wherein the risk assessment engine is configured to determine the probability that an asset will be exposed to a hazard event in each time step for a plurality of time steps. 9. A method according to claim 1 including applying asset-specific element exposure matrices to the probability that each element within an asset will be exposed to a hazard if the asset itself is exposed to the hazard. 10. A method according to claim 1 wherein, for each asset, the constituent element items are selected from the group including: civil, electrical, mechanical, electronic, chemical, biological, and ecological. 11. A method according to any preceding claim wherein for a given asset the constituent elements include elements selected from the group created for the archetypes including: power, information, water, and access. 12. A method according to claim 1 wherein: one or more of the asset data items, element data items and engineering-level data items include a first attribute value that is associated with a first date range, and a second attribute value that is associated with a second date range, and wherein the risk assessment is for a time period including at least a portion of the first and second date ranges, such that the risk assessment is based upon the first attribute value for portion of the time period overlapping with the first date range, and based upon the second attribute value for portion of the time period following overlapping with the second date range. 13. A method according to claim 1 wherein the risk assessment engine is configured to combine risks of asset items based on predefined asset dependence relationships. 14. A method according to claim 1 wherein the risk assessment engine is configured to combine risks of asset items based on predefined inter asset or inter element dependence relationships. 15. A computer implemented method for performing risk analysis for a system including a plurality of physical assets, the method including: providing an interface for enabling creation of asset data items for each physical asset wherein each data item is defined by a set of attributes describing the asset; in respect of a given data item: enabling the user to input current attributes for the asset data item; enabling the user to input a future date; and enabling the user to input future attributes for the asset data item for the future data, wherein one or more of the future attributes are different from one or more of the current attributes; and operating a risk assessment engine thereby to perform a risk assessment for the system, wherein the risk assessment takes into consideration the attributes for each asset data item and a set of future conditions parameters; wherein the risk assessment is for a time period including the future date, and wherein for the given data item the risk assessment is based upon the current attributes for a time period preceding the future date, and based upon the future attributes for a time period following the future date. 16. A method according to claim 15 wherein steps (i) to (iii) are repeatable for a plurality of future dates. 17. A method according to claim 15 wherein defining a future attribute enables the risk assessment to account for or model proposed future modifications, replacements or upgrades of a given asset. 18. A method according to claim 15 wherein the future date is defined by reference to a trigger event. 19. A method according to claim 18 wherein the trigger event is defined by a data field being modified to contain a predefined value. 20. A method according to claim 15 including enabling a user to select future projections for contextual parameters. 21. A method according to claim 15 wherein a given asset item is associated with one or more constituent element items, and wherein the attribute for which a future attributes are defined are associated with a given one of the element items. 22. A method according to claim 6 wherein the risk assessment engine is configured to combine risks of asset items based on predefined asset dependence relationships. 23-27. (canceled)