Download or read book Risk Assessment and Decision Making in Business and Industry written by Glenn Koller and published by CRC Press. This book was released on 2005-03-30 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building upon the technical and organizational groundwork presented in the first edition, Risk Assessment and Decision Making in Business and Industry: A Practical Guide, Second Edition addresses the many aspects of risk/uncertainty (R/U) process implementation. This comprehensive volume covers four broad aspects of R/U: general concepts, i

Download or read book Principles of Risk Analysis written by Charles Yoe and published by CRC Press. This book was released on 2016-04-19 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: In every decision context there are things we know and things we do not know. Risk analysis uses science and the best available evidence to assess what we know-and it is intentional in the way it addresses the importance of the things we don't know. Principles of Risk Analysis: Decision Making Under Uncertainty lays out the tasks of risk analysis i

Download or read book Principles of Risk Based Decision Making written by In c. ABS Consulting and published by Government Institutes. This book was released on 2002-02 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Principles of Risk-Based Decision Making provides managers with the foundation for creating a proactive organizational culture that systematically incorporates risk into key decision-making processes. Based on methodology adopted by a number of organizations including the federal government, this book examines risk-based decision making as a process for organizing information about the possibility for unwanted outcomes in a simple, practical way that helps decision makers make timely, informed management choices that minimize harmful effects on safety and health, the environment, property loss, or mission success. Citing practical examples, charts, and checklists, the authors break the risk-based decision making process into five key components: establishing the decision structure, performing the risk assessment, managing sufficient risks, monitoring effectiveness of adopted risk controls through impact assessment, and facilitating risk communication. They examine each component in detail and outline available decision analysis and risk assessment tools that aid in each of these risk-based decision making functions. This book also walks readers through eight project management steps—from scoping a risk assessment to evaluating the recommendations—the components of each, and the importance of these steps to the success of a risk assessment. Special features include a table for applying the risk-based decision-making process, a hazard identification guidesheet, an example of human error, an acronym list, and a glossary.

Download or read book Decision Making in Risk Management written by Christopher O. Cox and published by CRC Press. This book was released on 2021-07-25 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: Identifies the quantitative measures to assess behavior induced risks Presents a framework to limit the interpersonal tension of addressing behavioral risks Offers an empirical case study in the oil and gas domain demonstrating use of the framework Addresses the missing dimension of behavior-centric intangible risk factors in current risk identification and management processes Provides a systematic analytical approach to mitigate subjectivity when addressing behavioral risks in projects

Download or read book Construction Risk Management Decision Making written by Alex C. Arthur and published by John Wiley & Sons. This book was released on 2021-12-13 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: CONSTRUCTION RISK MANAGEMENT DECISION MAKING Explores the relevance of systems thinking and behavioral science in construction risk management Effective risk management is a vital component of all successful construction projects. Although quantitative tools for evaluating data and minimizing risk are readily available, construction managers commonly adopt a more innate, experience-based approach. In Construction Risk Management Decision Making, project manager and senior consultant Alex C. Arthur provides step-by-step advice on assessing and prioritizing risk using qualitative decision-making systems in the construction industry. Incorporating key theories and concepts from systems thinking and behavioral science, this highly practical guide focuses on the behavior patterns of real people in the industry, rather than complex quantitative techniques and data. Concise, easy-to-understand chapters highlight the current practices of construction risk management while helping readers view risk and decision making from a broader perspective. Throughout the book, the author presents invaluable insights into the ways construction professionals think and behave in the real world. Addresses the actual risk management practices of construction professionals Applies human behavioral theories to the study of construction risk management decision making Illustrates the highly intuitive approaches prevalent in various construction projects Features real-life case studies and practical examples throughout Construction Risk Management Decision Making is an excellent textbook for advanced students in project management, engineering, construction, and surveying courses, and a must-have guide for practitioners of construction management, surveying, and architecture.

Download or read book Risk Taking and Decision Making written by and published by Stanford University Press. This book was released on 1998-02 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risks are an integral part of complex, high-stakes decisions, and decisionmakers are faced with the unavoidable tasks of assessing risks and forming risk preferences. This is true for all decision domains, including financial, environmental, and foreign policy domains, among others. How well decisionmakers deal with risk affects, to a considerable extent, the quality of their decisions. This book provides the most comprehensive analysis available of the elements that influence risk judgments and preferences. The book has two dimensions: theoretical and comparative-historical. The study of risk-taking behavior has been dominated by the rational choice approach. Instead, the author adopts a socio-cognitive approach involving: a multivariate theory integrating contextual, cognitive, motivational, and personality factors that affect an individual decisionmaker's judgment and preferences; the social interaction and structural effects of the decisionmaking group and its organizational setting; and the role of cultural-societal values and norms that sanction or discourage risk taking behavior. The book's theoretical approach is applied and tested in five historical case studies of foreign military interventions. The richly detailed empirical data on the case studies make them, metaphorically speaking, an ideal laboratory for applying a process-tracing approach in studying judgment and decision processes at varying risk levels. The case studies analyzed are: U.S. interventions in Grenada in 1983 and Panama in 1989 (both low risk); Soviet intervention in Czechoslovakia in 1968 (moderate risk): U.S. intervention in Vietnam in 1964-68 (high risk); and Israel's intervention in Lebanon in 1982-83 (high risk).

Download or read book Guide for Making Acute Risk Decisions written by CCPS (Center for Chemical Process Safety) and published by John Wiley & Sons. This book was released on 2019-11-19 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a guidance on a large range of decision aids for risk analysts and decision makers in industry so that vital decisions can be made in a more consistent, logical, and rigorous manner. It provide good industry practices on how risk decision making is conducted in the chemical industry from many risk information sources as well as all the elements that need to be addressed to ensure good decisions are being made. Topics Include: Identifying Risk Decisions, A Risk Decision Strategy for Process Safety, Case Studies in Risk Decision Making Failures, Guidance on Selecting Decision Aids, Templates for Decision Making in Risk-Based Process Safety, Understanding Process Hazards & Worst Possible Consequences, Management of Change as an Exercise in Risk Identification, Inherently Safer Design as an Exercise in Risk Tradeoff Analysis, Using LOPA and Risk Matrices in Risk Decisions, Using CPQRA and Safety Risk Criteria in Risk Decisions, Group Decision Making, Avoiding Decision Traps, Documentation of Process Safety Risk Decisions

Download or read book Risk and Medical Decision Making written by Louis Eeckhoudt and published by Springer Science & Business Media. This book was released on 2002-04-30 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: For people interested in risk management, medical activity represents a stimulating field of study and thought. On the one hand, progress in medical knowledge and technology tends to reduce the risks to survival that individuals would face in the absence of appropriate diagnostic or therapeutic instruments. On the other hand, new medical technologies simultaneously create their own specific risks, sometimes simply because their effects are less well-known than those of established ones. In a sense any medical progress simultaneously generates new risks while destroying old ones. Moreover, unlike many financial risks that can be either divided or transferred to others (e.g. through diversification, insurance or social security) the personal aspects of medical risks are by essence indivisible and non-transferable. As a result, they are in a sense more threatening than financial risks for risk averse patients. These two facts explain and justify the growing interest in risk economics for the fields of medical decision making and health economics. In Risk and Medical Decision Making, part 1 is developed inside the expected utility (E-U) model and analyses how comorbidity risks affect the well-known "test-treatment" thresholds. Part 2 is devoted to a specific non E-U model with the same purpose: how would one define a threshold in this context and how would one value a diagnostic test? In each of these two parts both diagnostic and therapeutic risks are considered.

Download or read book Risks in the Making written by Ine van Hoyweghen and published by Amsterdam University Press. This book was released on 2007 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades, insurance companies, scientists, and public officials have debated the potential use of genetic testing in insurance decisions. With Risks in the Making, Ine van Hoyweghen alters the terms of the debate, moving it from abstract, theoretical grounds to the question of how insurance companies actually work. Through an empirical ethnographic study of life insurance in Belgium, van Hoyweghen reveals fascinating and important details about insurance practices and risk management, underscoring the diversity of insurance markets, underwriting practices, and strategies.

Download or read book Global Risk Agility and Decision Making written by Daniel Wagner and published by Springer. This book was released on 2016-08-12 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Global Risk Agility and Decision Making, Daniel Wagner and Dante Disparte, two leading authorities in global risk management, make a compelling case for the need to bring traditional approaches to risk management and decision making into the twenty-first century. Based on their own deep and multi-faceted experience in risk management across numerous firms in dozens of countries, the authors call for a greater sense of urgency from corporate boards, decision makers, line managers, policymakers, and risk practitioners to address and resolve the plethora of challenges facing today’s private and public sector organizations. Set against the era of manmade risk, where transnational terrorism, cyber risk, and climate change are making traditional risk models increasingly obsolete, they argue that remaining passively on the side-lines of the global economy is dangerous, and that understanding and actively engaging the world is central to achieving risk agility. Their definition of risk agility taps into the survival and risk-taking instincts of the entrepreneur while establishing an organizational imperative focused on collective survival. The agile risk manager is part sociologist, anthropologist, psychologist, and quant. Risk agility implies not treating risk as a cost of doing business, but as a catalyst for growth. Wagner and Disparte bring the concept of risk agility to life through a series of case studies that cut across industries, countries and the public and private sectors. The rich, real-world examples underscore how once mighty organizations can be brought to their knees—and even their demise by simple miscalculations or a failure to just do the right thing. The reader is offered deep insights into specific risk domains that are shaping our world, including terrorism, cyber risk, climate change, and economic resource nationalism, as well as a frame of reference from which to think about risk management and decision making in our increasingly complicated world. This easily digestible book will shed new light on the often complex discipline of risk management. Readers will learn how risk management is being transformed from a business prevention function to a values-based framework for thriving in increasingly perilous times. From tackling governance structures and the tone at the top to advocating for greater transparency and adherence to value systems, this book will establish a new generation of risk leader, with clarion voices calling for greater risk agility. The rise of agile decision makers coincides with greater resilience and responsiveness in the era of manmade risk.

Download or read book Introduction to Risk Analysis written by Daniel M. Byrd III and published by Government Institutes. This book was released on 2000-08-01 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written for safety and loss-control, environmental, and quality managers, this is the first comprehensive, integrated guide to developing a complete environmental risk analysis for regulated substances and processes. Unlike other books, Introduction to Risk Analysis looks at risk from a regulatory perspective, allowing both professionals in regulatory agencies concerned with risk_including OSHA, EPA, USDA, DOT, FDA, and state environmental agencies_and professionals in any agency-regulated industry to understand and implement the methods required for proper risk assessment. The authors examine risk and the structure of analysis. Emphasizing the predictive nature of risk, they discuss the quantitative nature of risk and explore quantitative-analysis topics, including data graphing, logarithmic thinking, risk estimating, and curve fitting. Chapters include discussions on functions, models, and uncertainties; the regulatory process; risk assessment; exposure; dosimetry; epidemiology; toxicology; risk characterization; comparative risk assessment; ecological risk assessment; risk management; and risk communication. Six in-depth case studies, an annotated bibliography, and more than 50 figures are also included.

Download or read book Smart Women Take Risks Six Steps for Conquering Your Fears and Making the Leap to Success written by Helene Lerner and published by McGraw Hill Professional. This book was released on 2006-03-17 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Take the plunge. Come out ahead. There are certain risks you might feel uncomfortable making—but calculated risks are necessary to propel you to new heights in your professional and personal development. Every time you choose security over something new, you’re missing new opportunities—and the chance to live a happier, more fulfilled life. As CEO of Creative Expansions, Inc., Helene Lerner coaches women on how to actualize their potential, increase their self-esteem, and reach their goals. Now, in Smart Women Take Risks, she shares her powerful 6-step program, revealing how you too can take smart, strategic risks born from careful thought and intuition-and create positive change in your professional and personal life. Lerner helps you change your perception about risk-taking, and shows you how to determine whether a risk is a Best Bet, a Not Now, or a No Go. You won't risk blindly; you'll go in with your eyes wide open and commit to a doable goal that lets you move forward confidently without the overpowering fear of failure. Lerner gives you expert tools that will help you: Build and maintain a strong support team-a crucial step for successfully creating change Overcome procrastination, perfectionism, and second-guessing Vocalize your success (yes, it's ok to brag!) Keep your accomplishments “green” by continuing to build on them Apply these risk-taking principles to other areas of your life Lerner shares inspiring stories and tips from women who stepped out of their own comfort zones, took leaps, and moved ahead with faith and confidence. she shows you how to harness the opportunities in your own life--and take risks that will push you to greater heights of success.

Download or read book Handbook for Environmental Risk Decision Making written by C. Richard Cothern and published by CRC Press. This book was released on 2019-07-17 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook describes the broad aspects of risk management involving scientific policy judgment, uncertainty analysis, perception considerations, statistical insights, and strategic thinking. This book presents all the important concepts to enable the reader to "see the big picture." This ability is extremely important - it allows the decision maker or strategic environmental planner to understand and cope with a wide variety of complex and interlinked pieces of information and data. The text presents environmental problems and, whenever applicable, the methodology required to reach a successful solution. Decisions and policies are examined. The book covers numerous objective and subjective components of environmental risk decision making. It details quantitative and comparative risk, and investigates the cost and feasibility of different decisions. Social pressures, safety, and political, religious, ethical, and psychological issues are addressed. How to evaluate the potential impact on the quality of life also is discussed. Any company doing risk assessment, risk management, or risk communication, as well as those doing environmental decision making will find this reference to be invaluable. It is also suitable as a text for courses in environmental management, environmental science, and risk assessment in the areas of risk management and strategic environmental planning.

Download or read book Dynamic Risk Assessment written by Stephen Asbury and published by Routledge. This book was released on 2014-04-16 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dynamic Risk Assessment is the key tool to support a holistic risk management framework. This book aims to help employers, managers and staff alike to understand how they can effectively integrate dynamic risk assessment into business management processes and systems to improve safety. With tips, examples and solutions throughout, this multi-disciplinary text delivers an effective and comprehensive approach to help you to understand how dynamic risk assessment (DRA) can be integrated into predictive (PRA) and strategic risk assessments (SRA) to enhance your organization’s effectiveness. The 3-Level Risk Management Model fully supports and complements the systematic ‘five steps to risk assessment’ process A multi-disciplinary approach to dynamic risk assessment that covers workers operating in teams and those working alone within the public, private and third sectors Contains practical examples, tips and case studies drawn from a wide range of organizations The book comes with access to downloadable materials from an accompanying website at: www.routledge.com/cw/dynamic-risk-assessment

Download or read book Professional Risk and Working with People written by Andy Bain and published by Jessica Kingsley Publishers. This book was released on 2008-01-15 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professional Risk and Working with People provides advice on assessing and managing risks for all those employed to take risks with or on behalf of other people. The authors explore issues of risk assessment and management that provides readers with a broad knowledge of risk practices that can be applied across a range of disciplines. They detail the benefits of risk as well as the potential harm and explain relevant legislation and concepts of negligence in clear and accessible language. Examples of risk policies, systems and effective judgement in managing complex risk decisions are also included. In the current climate of blame and readiness to pursue legal action against professionals, this book will prove essential reading for all practitioners who come into contact with risk, including doctors and other health and care professionals, probation officers and social workers. Leaders of professional courses and their students will also find this an invaluable guide.

Download or read book Quantitative Risk Management and Decision Making in Construction written by Amarjit Singh and published by ASCE Press. This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Singh introduces valuable techniques for weighing and evaluating alternatives in decision making with a focus on risk analysis for identifying, quantifying, and mitigating risks associated with construction projects.

Download or read book Making Enterprise Risk Management Pay Off written by Thomas L. Barton and published by FT Press. This book was released on 2002 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Making Enterprise Risk Management Pay Off shows how top companies are transforming risk management into an integrated, continuous, broadly focused discipline that identifies and assesses risks more effectively, responds more precisely, and discovers not just "downsides" but breakthrough opportunities as well. Through five wide-ranging case studies - Chase Manhattan, Microsoft, DuPont, Unocal, and United Grain Growers - you'll learn powerful new risk management techniques that span the entire enterprise, and deliver unprecedented business value.