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Books > Business & Economics > Business & management > Management & management techniques > Management decision making
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Principles of Risk-Based Decision Making (Paperback)
Loot Price: R2,611
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Principles of Risk-Based Decision Making (Paperback)
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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.
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