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Ineffective risk management methods, often touted as "best practices," are passed from company to company like a bad virus with a long incubation period: there are no early indicators of ill effects until it's too late and catastrophe strikes. Exploring why risk management fails—the failure to measure and validate methods as a whole or in part; the use of components known not to work; and not using components that are known to work—The Failure of Risk Management shows you how to measure the performance of risk management in a meaningful way, identify where risk management is broken, and fix it.
Respected expert and bestselling author Douglas Hubbard-creator of the critically praised Applied Information Economics (AIE)—uses real-world examples to reveal the serious problems in our current approaches to risk analysis. Hubbard skillfully illustrates how to use a calibrated risk analyses approach, and the many benefits that go along with it, along with checklists and practice examples to get you started.
One of the first resources to apply risk management across all industries, The Failure of Risk Management provides you with the tools you need to hit the ground running with radically better risk management solutions.
Here, you'll discover:
This is a decent introduction to quantitative risk assessment. Unfortunately, like many risk "management" books, it focuses 95% of its energy on risk assessment and 5% on risk... Read morePublished 2 months ago by Michael Rand
The Failure of Risk Management is an essential resource for any manager to:
- become familiar with the history of risk management
- increase general awareness of risk... Read more
The first 180 pages is a long-winded, repetitive and abstract rant on why most risk management methods are flawed. Read morePublished 7 months ago by Ratatosk
Helped me to put words to my biting suspicions that risk management was a farce. But then surprised me with ways of rethinking risk management so I could respect it again.Published 7 months ago by steve hunt
Very analytical and informing. Gave a great insight on Risk Management that one does not focus on. Interesting approach to risk management.Published 7 months ago by Roger Prassada
An excellen book for Risk Managers but a Must for Every Safety ManagerPublished 7 months ago by Francisco A. Ybarra Navarro
Very good book on using quantitative risk assessment, rather than qualitative methods. The author particularly recommends using Monte Carlo simulations.Published 8 months ago by Matt
Finally someone who adresses some of the problems introduced by ignorant consultants that apply quick 'solutions' without substance. Read morePublished 10 months ago by Lars Venger Gunnarsson