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Books > Reference & Interdisciplinary > Communication studies > Decision theory > Risk assessment
Decision making in environmental projects is typically a complex and confusing process characterized by trade-offs between socio-political, environmental, and economic impacts. Comparative Risk Assessment (CRA) is a methodology applied to facilitate decision making when various activities compete for limited resources. CRA has become an increasingly accepted research tool and has helped to characterize environmental profiles and priorities on the regional and national level. CRA may be considered as part of the more general but as yet quite academic field of multi-criteria decision analysis (MCDA). Considerable research in the area of MCDA has made available methods for applying scientific decision theoretical approaches to multi-criteria problems, but its applications, especially in environmental areas, are still limited. The papers show that the use of comparative risk assessment can provide the scientific basis for environmentally sound and cost-efficient policies, strategies, and solutions to our environmental challenges.
As an Occupational Safety and Health (OSH) practitioner have you ever wondered "How can I shape my career trajectory to reach a C-suite position in business?" Or perhaps-for those who do not aspire to positions of this nature; "How can I develop my ability to persuade and influence top management more effectively?" The 10 Step MBA for Safety and Health Practitioners answers these questions to enable you to achieve your personal and professional OSH goals. Presented over 10 steps encompassing a typical MBA programme, a transformational model establishes key themes which are deemed critical in understanding the world of business to exert greater influence: Strategic - aligning OSH to the overall direction of a business and creating a lasting OSH purpose that all stakeholders can relate to Cross-functional - understanding the different parts of an organisation and integrating OSH within business functions and ways of working Distinctive - looking for creative new ways of presenting OSH data and information to generate interest and enthusiasm. From strategy and leadership to organisational behaviour and human resource management, from marketing and brand management to interpersonal skills, this book shows you how to combine the best of your specialist knowledge with important business tools, so you can embed OSH at the heart of your company. The book is an indispensable reference for OSH practitioners who want to make a positive change in their careers and become more effective in influencing and leading change.
Why does regulation vary so dramatically from one area to another? Why are some risks regulated aggressively and others responded to only modestly? Is there any logic to the techniques we use in risk regulation? These key questions are explored in The Government of Risk. This book looks at a number of risk regulation regimes, considers the respects in which they differ, and examines how these differences can be justified. Analyzing regulation in terms of 'regimes' allows us to see the rich, multi-dimensional nature of risk regulation. It exposes the thinness of society-wide analyses of risk controls and it offers a perspective that single case studies cannot reach. Regimes analysis breaks down the components of risk regulation systems and shows how they interact. It also shows how different parts of the same regime may be shaped by different factors and have to be explained and understood in quite different ways. The Government of Risk shows how such an approach is of high policy relevance as well as of considerable theoretical importance.
Develop and execute a resilient climate change enterprise risk strategy that can be tailored to any organization with this essential guide for risk professionals and business leaders. Climate Change Enterprise Risk Management equips readers with a practical roadmap for how organizations can integrate climate change into their enterprise risk strategy. It offers guidance on how to secure a robust framework that can identify and manage climate threats and opportunities for a business, how to increase the visibility of climate risk management activities at board level, and how and when to implement techniques such as thresholds, mitigation strategies, monitoring capabilities and risk appetite metrics. The book covers both existing best practice risk management tools and how they can be adapted for climate enterprise risk management as well as new interdisciplinary tools like stakeholder mapping. Climate Change Enterprise Risk Management is richly supported by global examples, interviews and case studies representing a wide range of companies and industries including the insurance, finance, infrastructure, oil and gas, legal and auditing sectors. This is a must-read for all risk professionals and business leaders involved in developing and executing enterprise risk management and strategy. It will also be valuable reading for students taking modules on enterprise risk management and climate change, sustainable business and risk management.
Your business reputation can take years to build--and mere minutes to destroy The range of business threats is evolving rapidly but your organization can thrive and gain a competitive advantage with your business vision for enterprise risk management. Trends affecting markets--events in the global financial markets, changing technologies, environmental priorities, dependency on intellectual property--all underline how important it is to keep up to speed on the latest financial risk management practices and procedures. This popular book on enterprise risk management has been expanded and updated to include new themes and current trends for today's risk practitioner. It features up-to-date materials on new threats, lessons from the recent financial crisis, and how businesses need to protect themselves in terms of business interruption, security, project and reputational risk management. Project risk management is now a mature discipline with an international standard for its implementation. This book reinforces that project risk management needs to be systematic, but also that it must be embedded to become part of an organization's DNA. This book promotes techniques that will help you implement a methodical and broad approach to risk management.The author is a well-known expert and boasts a wealth of experience in project and enterprise risk managementEasy-to-navigate structure breaks down the risk management process into stages to aid implementationExamines the external influences that bring sources of business risk that are beyond your controlProvides a handy chapter with tips for commissioning consultants for business risk management services It is a business imperative to have a clear vision for risk management. "Simple Tools and Techniques for Enterprise Risk Management, Second Edition" shows you the way.
In the field of financial risk management, the 'sell side' is the set of financial institutions who offer risk management products to corporations, governments, and institutional investors, who comprise the 'buy side'. The sell side is often at a significant advantage as it employs quantitative experts who provide specialized knowledge. Further, the existing body of knowledge on risk management, while extensive, is highly technical and mathematical and is directed to the sell side.This book levels the playing field by approaching risk management from the buy side instead, focusing on educating corporate and institutional users of risk management products on the essential knowledge they need to be an intelligent buyer. Rather than teach financial engineering, this volume covers the principles that the buy side should know to enable it to ask the right questions and avoid being misled by the complexity often presented by the sell side.Written in a user-friendly manner, this textbook is ideal for graduate and advanced undergraduate classes in finance and risk management, MBA students specializing in finance, and corporate and institutional investors. The text is accompanied by extensive supporting material including exhibits, end-of-chapter questions and problems, solutions, and PowerPoint slides for lecturers.
In the next wave of conduct regulation in financial markets, from 2021 conduct regulators in the UK and elsewhere expect firms to produce evidence on how they are improving behaviour and culture. Facing this, many practitioners are anxious that their current reporting and management information (MI) are irrelevant to meeting as-yet unclear regulatory expectations. This book provides the insights and tools firms need to report on culture, securing both enhanced business value and the regulator's approval. Culture is now seen as a key contributor to good governance, feeding into existing discourse on environmental, social and governance (ESG) factors and the emerging dialogue on 'non-financial (mis)conduct', but conventional measures of business quality are unfit for the new reporting agenda. Culture Audit in Financial Services follows the arc of 'behavioural regulation' to examine what the regulator really wants, before offering guidance on how culture audit differs from conventional auditing, how to put the latest pure-research findings to work, and the key features of well-designed conduct and culture reports. Written by an impartial author and a variety of contributors with extensive experience working with practitioners, regulators, and many of the world's finest academic initiatives, this book is filled with practical, grounded advice on how best to approach this new challenge and avoid infractions.
Andrew Furness and Martin Muckett give an introduction to all areas of fire safety management, including the legal framework, causes and prevention of fire and explosions, fire protection measures, fire risk assessment, and fire investigation. Fire safety is not treated as an isolated area but linked into an effective health and safety management system.Introduction to Fire Safety Management has been developed for the NEBOSH Certificate in Fire Safety and Risk Management and is also suitable for other NVQ level 3 and 4 fire safety courses. The text is highly illustrated in full colour, easy to read and supported by checklists, report forms and record sheets. This practical approach makes the book a valuable reference for health and safety professionals, fire officers, facility managers, safety reps, managers, supervisors and HR personnel in companies, as well as fire safety engineers, architects, construction managers and emergency fire services personnel.Andrew Furness CFIOSH, GIFireE, Dip2OSH, MIIRSM, MRSH, is Managing Director of Salvus Consulting Limited who specialise in Fire Safety. He was the chairman of the NEBOSH / IOSH working party that developed the NEBOSH Fire Safety and Risk Management certificate.Martin Muckett MA, MBA, CMIOSH, MIFireE, Dip2OSH, former Principal Health and Safety Advisor to The Fire Service Inspectorate and Principal Fire Safety Officer, Martin is currently Salvus Consulting Limiteds Senior Fire Safety Trainer / Consultant.
This book provides a comprehensive demonstration of risk analysis as a distinct science covering risk understanding, assessment, perception, communication, management, governance and policy. It presents and discusses the key pillars of this science, and provides guidance on how to conduct high-quality risk analysis. The Science of Risk Analysis seeks to strengthen risk analysis as a field and science by summarizing and extending current work on the topic. It presents the foundation for a distinct risk field and science based on recent research, and explains the difference between applied risk analysis (to provide risk knowledge and tackle risk problems in relation to for example medicine, engineering, business or climate change) and generic risk analysis (on concepts, theories, frameworks, approaches, principles, methods and models to understand, assess, characterise, communicate, manage and govern risk). The book clarifies and describes key risk science concepts, and builds on recent foundational work conducted by the Society for Risk Analysis in order to provide new perspectives on science and risk analysis. The topics covered are accompanied by cases and examples relating to current issues throughout. This book is essential reading for risk analysis professionals, scientists, students and practitioners, and will also be of interest to scientists and practitioners from other fields who apply risk analysis in their work.
Thousands of people continue to die from heat. Heat illnesses and advice for preventing heat casualties at work, during heatwaves, sport and the effects of global warming are described. A new perspective on thermoregulation integrates physiological and psychophysical regulated variables. Heat stress indices, the WBGT and the SWreq are presented. It is time to understand and routinely use computer simulations of people in hot conditions. How to understand how a model can be constructed is also described. This book provides an accessible, concise and comprehensive coverage into how people respond to heat and how to predict and avoid heat causalities. A practical productivity model, and Burn thresholds, complete the book which begins with up to date knowledge on measurement of heat stress, heat strain, metabolic rate and the thermal properties and influences of clothing. Features Provides methods and regulations through international standards Illustrates the WBGT and analytical heat stress indices and how to construct a thermal model Discusses the role of clothing on heat stress and thermal strain Presents a new model for predicting productivity in the heat Offers a new method of human thermoregulation Considers heat illness and prevention during heatwaves and in global warming
As an Occupational Safety and Health (OSH) practitioner have you ever wondered "How can I shape my career trajectory to reach a C-suite position in business?" Or perhaps-for those who do not aspire to positions of this nature; "How can I develop my ability to persuade and influence top management more effectively?" The 10 Step MBA for Safety and Health Practitioners answers these questions to enable you to achieve your personal and professional OSH goals. Presented over 10 steps encompassing a typical MBA programme, a transformational model establishes key themes which are deemed critical in understanding the world of business to exert greater influence: Strategic - aligning OSH to the overall direction of a business and creating a lasting OSH purpose that all stakeholders can relate to Cross-functional - understanding the different parts of an organisation and integrating OSH within business functions and ways of working Distinctive - looking for creative new ways of presenting OSH data and information to generate interest and enthusiasm. From strategy and leadership to organisational behaviour and human resource management, from marketing and brand management to interpersonal skills, this book shows you how to combine the best of your specialist knowledge with important business tools, so you can embed OSH at the heart of your company. The book is an indispensable reference for OSH practitioners who want to make a positive change in their careers and become more effective in influencing and leading change.
Risk management and contingency planning has really come to the fore since the first edition of this book was originally published. Computer failure, fire, fraud, robbery, accident, environmental damage, new regulations - business is constantly under threat. But how do you determine which are the most important dangers for your business? What can you do to lessen the chances of their happening - and minimize the impact if they do happen? In this comprehensive volume Kit Sadgrove shows how you can identify - and control - the relevant threats and ensure that your company will survive. He begins by asking 'What is risk?', 'How do we assess it?' and 'How can it be managed?' He goes on to examine in detail the key danger areas including finance, product quality, health and safety, security and the environment. With case studies, self-assessment exercises and checklists, each chapter looks systematically at what is involved and enables you to draw up action plans that could, for example, provide a defence in law or reduce your insurance premium. The new edition reflects the changes in the global environment, the new risks that have emerged and the effect of macroeconomic factors on business profitability and success. The author has also included a set of case studies to illustrate his ideas in practice.
A challenge to the conventional wisdom surrounding financial risk, providing insight into why easy solutions to control the financial system are doomed to fail Finance plays a key role in the prosperity of the modern world-but it also brings grave dangers. We seek to manage those threats with a vast array of sophisticated mathematical tools and techniques of financial risk management. Too often, though, we fail to address the greatest risk-the peril posed by our own behavior. Jon Danielsson argues that critical risk is generated from within, through the interactions of individuals and perpetuated by their beliefs, objectives, abilities, and prejudices. He asserts that the widespread belief that risk originates outside the financial system frustrates our ability to measure and manage it, and the likely consequences of new regulations will help alleviate small-scale risks but, perversely, encourage excessive risk taking. Danielsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system.
Society at large tends to misunderstand what safety is all about. It is not just the absence of harm. When nothing bad happens over a period of time, how do you know you are safe? In reality, safety is what you and your people do moment by moment, day by day to protect assets from harm and to control the hazards inherent in your operations. This is the purpose of risk-based thinking, the key element of the six building blocks of Human and Organizational Performance (H&OP). Generally, H&OP provides a risk-based approach to managing human performance in operations. But, specifically, risk-based thinking enables foresight and flexibility-even when surprised-to do what is necessary to protect assets from harm but also achieve mission success despite ongoing stresses or shocks to the operation. Although you cannot prepare for every adverse scenario, you can be ready for almost anything. When risk-based thinking is integrated into the DNA of an organization's way of doing business, people will be ready for most unexpected situations. Eventually, safety becomes a core value, not a priority to be negotiated with others depending on circumstances. This book provides a coherent perspective on what executives and line managers within operational environments need to focus on to efficiently and effectively control, learn, and adapt.
This companion to the bestselling Introduction to Health and Safety at Work will help you prepare for the written assessments on the NEBOSH National General Certificate in Occupational Health and Safety (2019 specification). It provides complete coverage of the syllabus in bite-sized chunks and will help you learn and memorise the most important areas, with links provided back to the main Introduction to Health and Safety at Work text to help you consolidate your learning. Small and portable, making it ideal for use anywhere: at home, in the classroom or on the move Includes specimen questions and answers based on recent examination papers Everything you need for productive revision in one handy reference source This revision guide is written by an experienced lecturer and former Vice Chairman of NEBOSH, who has spent many years helping students become accredited by NEBOSH.
Risk assessment and risk management are essential across the public sector to improve processes and outcomes. However, there is little clarity over what this actually means. This lack of understanding leads to a wide variation in risk assessment and management practice and to miscommunications of risk across professions, creating further barriers to interprofessional practice and co-creation of value across the public sector. Despite these challenges, there is a concurrent expectation that risk assessment and risk management be carried out across the sector to the highest standard, which inevitably becomes problematic. Conceptualising Risk Assessment and Management across the Public Sector explores concepts and applications of risk across the public sector to aid risk professionals in establishing a clearer understanding of what risk assessment and management is, how they might be unified across the sector, and how and where deviations across professions are needed. This book addresses these issues through providing a theory-informed discussion on the conceptualisations of risk, risk assessment, and risk management across the public sector, and through identifying where shared values and where differences exist across professions. Guidance on interprofessional risk practice and risk communication to overcome barriers is offered using a combination of theoretically underpinned approaches and exemplars from practice, presented to have broad applicability across the public sector rather than being siloed within a specific professional grouping or theoretical paradigm.
The consequences of taking on risk can be ruinous to personal finances, professional careers, corporate survivability, and even nation states. Yet many risk managers do not have a clear understanding of the basics. Requiring no statistical or mathematical background, The Fundamental Rules of Risk Management gives you the knowledge to successfully handle risk in your organization. The book begins with a deep investigation into the behavioral roots of risk. Using both historical and contemporary contexts, author Nigel Da Costa Lewis carefully details the indisputable truths surrounding many of the behavioral biases that induce risk. He exposes the fallacy of the wisdom of experts, explains why you cannot rely on regulators, outlines the characteristics of the "glad game," and demonstrates how high intelligence or lack thereof can lead to loss of hard-earned wealth. He also discusses the weaknesses and failures of modern risk management. Moving on to elements often overlooked by risk managers, Dr. Lewis traces the link between corporate governance and risk management. He then covers core lessons surrounding the role of risk managers as well as the difficult subject of integrated, single lens analysis of risk. The book also explores aspects of spreadsheet risk and draws on lessons learned in the information systems and software engineering communities to provide guidance on selecting the right risk management system. It concludes with a discussion on the most dominant of risk measures-value at risk. Having a clear understanding about risk separates successful professionals, companies, and economies from history's forgotten failures. Through examples and case studies, this thought-provoking book shows how the rules of risk can work to protect and enhance investor value.
Non-destructive evaluation (NDE) methods have dominated most of
the fields of applied research and technology over the last twenty
years. These techniques provide information on the functional
efficiency of materials and structures without causing any
structural impact on the structure itself. Their use enables the
monitoring of the structural integrity, the structural condition as
well as the service in-duced degradation of materials and
structures during their service life. In this respect, they address
a vast field of applications ranging from the aerospace and
automotive industry to civil engineering structures and
material This volume comprises scientific papers presented during the Fifth Conference on Emerging Technologies in Non-Destructive Testing (Ioannina, Greece, 19 21 September 2011). A broad spectrum of related research was presented during the course of the conference, including optical, acoustic, thermal, electrical and electromagnetic methods together with imaging tomographic and signal processing techniques. Special attention was given to NDE for Civil Engineering Structures and for the first time in the conference series, a multiple session on NDE for the protection of cultural heritage was organized. Emerging Technologies in Non-Destructive Testing V contains contributions by experts in this field from 22 different countries worldwide. Reflecting the stateof-the-art in Non-Destructive Evaluation, the book will prove to be a valuable companion to students, engineers and industrial partners who are active in the field of non-destructive evaluation and testing. This volume will also provide students and researchers with insight into the focal points of contemporary research efforts in the field of non-destructive evaluation.
Assessing the future is vital in informing public policy decisions. One of the most widespread approaches is the development of scenarios, which are alternative hypothetical futures. Research has indicated, however, that the reality of how professionals go about employing scenarios is often starkly at odds with the theory - a finding that has important ramifications for how the resulting images of the future should be interpreted. It also shows the need for rewriting and updating theory. This book, based on an intensive five year study of how experts actually go about assessing the future, provides a groundbreaking examination of foresighting in action. Obtained via ethnographic techniques, the results lay bare for the first time the real processes by which scenarios are made. It is also the first book to examine foresighting for public policy, which is so often overlooked in favour of business practice. From handling of discontinuity to historical determinism, the analysis reveals and explains why foresight is difficult and what the major pitfalls are. Each chapter ends with a toolkit of recommendations for practice. The book aims to help readers to reflect on their own practices of public-oriented foresight and thus to foster a deeper understanding of the key principles and challenges. Ultimately, this will lead to better informed decision making.
If a major event such as a terrorist attack, 7.2 earthquake, tsunami, or hacker attack were to disrupt business operations, would your organization be prepared to respond to the financial, political, and social impacts? In order for your company to be resilient, it must be ready to respond and recover quickly from the impact of such events. Business continuity is the discipline that can help your organization become truly resilient.
Highly practical and useful for practitioners - cuts through a highly technical and complex subject in a useable and easy to follow way but without 'dumbing down'. Focuses on the facilitation of risk management, an area that is glossed over or simply ignored in other books on risk management. Brand new chapters on virtual facilitation and the role of group bias in the assessment of risk.
Global competition is forcing reliability and other professionals to work closely during the product design and manufacturing phase. Because of this collaboration, reliability, usability, and quality principles are being applied across many diverse sectors of the economy. This book offers the principles, methods, and procedures for these areas in one resource. This book brings together the areas of reliability, usability, and quality for those working in diverse areas to allow them to be exposed to activities that can help them perform their tasks more effectively. This is the only book that covers these areas together in this manner and written in such a way that no previous knowledge is required to understand it. The sources of the material presented are included in the reference section at the end of each chapter along with examples and solutions to test reader comprehension. Applied Reliability, Usability, and Quality for Engineers is useful to design, manufacturing, and systems engineers, as well as manufacturing managers, reliability, usability and, quality specialists. It can also be helpful to graduate, senior undergraduate students, and instructors.
One of the seventeen critical infrastructures vital to the security of the United States, the water supply system remains largely unprotected from the threat of terrorism, including possible revenge by Al Qaeda over the killing of Osama Bin Laden. Recognizing and identifying prospective events of terrorism against the water infrastructure is critical to the protection of the nation, as the consequences triggered by a terrorist attack on the water supply would be devastating. Risk Assessment for Water Infrastructure: Safety and Security provides a unique quantitative risk assessment methodology for protection and security against terrorist contamination, vandalism, attacks against dams, and other threats to water supply systems. Focusing on the human safety, environmental, and economic consequences triggered by potential terrorist attacks and other threats, the book presents: The development of an integrated approach of risk assessment based upon the cumulative prospect theory The qualitative/quantitative processes and models for security and safe facility operations as required by EPA, DHS, and other governmental and regulatory agencies The application of an integrated model to the risk assessment of surface water, dams, wells, wastewater treatment facilities, reservoirs, and aqueducts of large urban regions The development of intelligence analysis incorporating risk assessment for terrorism prevention Finally, the book presents the legal and regulatory requirements and policy related to the protection and security of water infrastructure from terrorism and natural hazards to both human health and the environment. By analyzing potential terrorist risks against the water supply, strategic improvements in U.S. water infrastructure security may be achieved, including changes in policy, incorporation of intrusion detection technology, increased surveillance, and increased intelligence. More information can be found on the author's website.
Most approaches that contribute to the design of life-critical systems almost only consider nominal situations where procedures can be developed and used to achieve satisfactory operations. These kinds of approaches lead to rigid ways of doing things and poorly address the needs for flexibility, especially when things go wrong. It is not a matter of human adaptation but of human systems integration (HSI) flexibility. HSI flexibility requires cross-fertilization of appropriate experiences combined with creativity. This book provides risk-management approaches and methods for combining prevention and design. Features: Discusses risk-management approaches and methods for combining prevention and design Examines a transdisciplinary approach to risk management in design and operations of safer life-critical systems Proposes an approach of work analysis during design, which enables design teams to consider HSI issues early enough to fix organizational problems upstream Teaches the combination of prevention and design for safety management This book gathers and analyzes relevant field data to rationalize human and systems activity in various life-critical environments and workplaces, in a systemic manner, and in a variety of safety domains (e.g., aviation, road, navy, manufacturing, hospital, transportation, defense, sport). It further formalizes and analyzes risk-taking experience, expertise, stories about critical events, and scientific and professional literature data to help engineering designers, managers, and health and safety specialists. The text is primarily written for graduate students and professionals working in the fields of occupational health and safety, ergonomics, human factors, cognitive engineering, and human-system integration.
Large-Scale Evacuation introduces the reader to the steps involved in evacuation modelling for towns and cities, from understanding the hazards that can require large-scale evacuations, through understanding how local officials decide to issue evacuation advisories and households decide whether to comply, to transportation simulation and traffic management strategies. The author team has been recognized internationally for their research and consulting experience in the field of evacuations. Collectively, they have 125 years of experience in evacuation, including more than 140 projects for federal and state agencies. The text explains how to model evacuations that use the road transportation network by combining perspectives from social scientists and transportation engineers, fields that have commonly approached evacuation modelling from distinctly different perspectives. In doing so, it offers a step-by-step guide through the key questions needed to model an evacuation and its impacts to the evacuation route system as well as evacuation management strategies for influencing demand and expanding capacity. The authors also demonstrate how to simulate the resulting traffic and evacuation management strategies that can be used to facilitate evacuee movement and reduce unnecessary demand. Case studies, which identify key points to analyze in an evacuation plan, discuss evacuation termination and re-entry, and highlight challenges that someone developing an evacuation plan or model should expect, are also included. This textbook will be of interest to researchers, practitioners, and advanced students. |
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