In 2005, the Israeli Council on Higher Education conferred upon Arad the academic rank of Professor in recognition of his expertise and international reputation. In the course of his work at IDC Herzliya, Arad conceived of a path-breaking international policy project exploring the applications of risk management to national and international security policy. Involving a global group of scholars and coordinated at Yale University and the Eurasia Group, the project culminated in the book "Managing Strategic Surprise: Lessons from Risk Management and Risk Assessment" recently published by Cambridge University Press. Arad contributed a chapter on intelligence and surprise attack, in which he applied analytical tools of risk management to the integrative administration of national intelligence systems. The edited volume garnered academic and professional acclaim and has been portrayed as a "superb collection of our best thought leaders."