Simplifying Risk Management

Author : Patrick Roberts
Publisher : CRC Press
Page : 213 pages
File Size : 48,8 Mb
Release : 2022-04-25
Category : Business & Economics
ISBN : 9781000574555

Get Book

Simplifying Risk Management by Patrick Roberts Pdf

Recent decades have seen much greater attention paid to risk management at an organizational level, as evidenced by the proliferation of legislation, regulation, international standards and good practice guidance. The recent experience of Covid-19 has only served to heighten this attention. Growing interest in the discipline has been accompanied by significant growth in the risk management profession; but practitioners are not well served with suitable books to guide them in their work or challenge them in their professional development. This book attempts to place the practice of risk management within organizations into a broader context, looking as much at why we try to manage risk as how we try to manage risk. In doing so, it challenges two significant trends in the practice of risk management: • The treatment of risk management primarily as a compliance issue within an overall corporate governance narrative; and • The very widespread use of qualitative risk assessment tools (“heat maps” etc.) which have absolutely no proven effectiveness. Taken together, these trends have resulted in much attention being devoted to developing formalized systems for identifying and analyzing risks; but there is little evidence that this is driving practical, cost-effective efforts to actually manage risk. There appears to be a preoccupation with the risks themselves, rather than a focus on the positive actions that can (and should) be taken to benefit stakeholders. This book outlines a simple, quantitative approach to risk management which refocuses attention on treating risks; and presents choices about risk treatment as normal business decisions.

Author : Sonni Gopal
Publisher : Saferworking
Page : 107 pages
File Size : 40,7 Mb
Release : 2019-06-21
Category : Education
ISBN : 9780954998417

Get Book

Risk Management Simplified: A Definitive Guide For Workplace And Process Risk Management by Sonni Gopal Pdf

I have been involved with workplace and process risk management for over 30 years and I have always found the subject fascinating and rewarding. However, I am still surprised at the lack of deep understanding within Organisations about risk management. Regardless of Organisation size, many see it as just “managing risks” because it’s easier to explain and perhaps reactionary since it has the word “management”. Risk management is more than just “managing risks”. Successful risk management requires a holistic approach based upon Elements that make up a Risk Management Framework. Let’s pretend you are my Client and I’ve asked you these 7 questions: 1. Do you know the relationship between attitude and risk management? 2. Do you know how to control workplace and process risks? 3. Do you know the difference between hazard identification and risk assessment? 4. Do you know what or who is a risk owner? 5. Do you know what you are measuring for successful risk management? 6. Do you know what or when you are monitoring for risk management? 7. Do you know what to do when reviewing risk management? Did you answer “YES” to all of them? If you did, you don’t need this book. If you had even just one “NO” as an answer, this book is worth reading. This is a reference book and not a novel. In this book, risk management is focused on workplace and process related risks. However, the approach and techniques can be applied for risk management generally. My goal is to share valuable lessons learnt and my experience of getting risk management successfully embedded within your Organisation. My intended audiences are risk and safety management practitioners, trainers, managers, leaders in Organisations and anyone interested in successfully managing risks.

Author : Andy Osborne
Publisher : Unknown
Page : 128 pages
File Size : 46,9 Mb
Release : 2010-01
Category : Risk management
ISBN : 1906316481

Get Book

Risk Management Simplified by Andy Osborne Pdf

This is a highly practical 'how to' guide that gives a simple, straightforward, but thorough process which, if followed, will make your business more resilient.

Author : P. Vijaya Bhaskar,B. Mahapatra
Publisher : Unknown
Page : 209 pages
File Size : 51,9 Mb
Release : 2003
Category : Derivative securities
ISBN : 8178290871

Get Book

Derivatives Simplified by P. Vijaya Bhaskar,B. Mahapatra Pdf

Author : Thomas Henschel
Publisher : Erich Schmidt Verlag GmbH & Co KG
Page : 460 pages
File Size : 50,9 Mb
Release : 2008
Category : Risk management
ISBN : 3503110437

Get Book

Risk Management Practices of SMEs by Thomas Henschel Pdf

Author : Gerald Mars,David T. H. Weir
Publisher : Routledge
Page : 588 pages
File Size : 44,9 Mb
Release : 2020-06-18
Category : Social Science
ISBN : 9781000001518

Get Book

Risk Management by Gerald Mars,David T. H. Weir Pdf

First published in 2000, Risk Management is a two volume set, comprised of the most significant and influential articles by the leading authorities in the studies of risk management. The volumes includes a full-length introduction from the editor, an internationally recognized expert, and provides an authoritative guide to the selection of essays chosen, and to the wider field itself. The collections of essays are both international and interdisciplinary in scope and provide an entry point for investigating the myriad of study within the discipline.

Author : Gerald Mars,David Weir
Publisher : Routledge
Page : 1194 pages
File Size : 40,8 Mb
Release : 2021-03-01
Category : Business & Economics
ISBN : 9781000398090

Get Book

Risk Management, 2 Volume Set by Gerald Mars,David Weir Pdf

First published in 2000, Risk Management is a two volume set, comprised of the most significant and influential articles by the leading authorities in the studies of risk management. The volumes includes a full-length introduction from the editor, an internationally recognized expert, and provides an authoritative guide to the selection of essays chosen, and to the wider field itself. The collections of essays are both international and interdisciplinary in scope and provide an entry point for investigating the myriad of study within the discipline.

Author : PMP Pritchard
Publisher : Auerbach Publications
Page : 0 pages
File Size : 53,8 Mb
Release : 2022-07-12
Category : Electronic
ISBN : 1032340207

Get Book

Risk Management by PMP Pritchard Pdf

This new edition of Risk Management: Concepts and Guidance supplies a look at risk in light of current information, yet remains grounded in the history of risk practice. Taking a holistic approach, it examines risk as a blend of environmental, programmatic, and situational concerns. Supplying comprehensive coverage of risk management tools, practices, and protocols, the book presents powerful techniques that can enhance organizational risk identification, assessment, and management--all within the project and program environments. Updated to reflect the Project Management Institute's A Guide to the Project Management Body of Knowledge (PMBOK(R) Guide), Fifth Edition, this edition is an ideal resource for those seeking Project Management Professional and Risk Management Professional certification. Emphasizing greater clarity on risk practice, this edition maintains a focus on the ability to apply "planned clairvoyance" to peer into the future. The book begins by analyzing the various systems that can be used to apply risk management. It provides a fundamental introduction to the basics associated with particular techniques, clarifying the essential concepts of risk and how they apply in projects. The second part of the book presents the specific techniques necessary to successfully implement the systems described in Part I. The text addresses project risk management from the project manager's perspective. It adopts PMI's perspective that risk is both a threat and an opportunity, and it acknowledges that any effective risk management practice must look at the potential positive events that may befall a project, as well as the negatives.Providing coverage of the concepts that many project management texts ignore, such as the risk response matrix and risk models, the book includes appendices filled with additional reference materials and supporting details that simplifying some of the most complex aspects of risk management.

Author : John Fraser,Betty Simkins,Kristina Narvaez
Publisher : John Wiley & Sons
Page : 688 pages
File Size : 46,8 Mb
Release : 2014-10-09
Category : Business & Economics
ISBN : 9781118746189

Get Book

Implementing Enterprise Risk Management by John Fraser,Betty Simkins,Kristina Narvaez Pdf

Overcome ERM implementation challenges by taking cues from leading global organizations Implementing Enterprise Risk Management is a practical guide to establishing an effective ERM system by applying best practices at a granular level. Case studies of leading organizations including Mars, Statoil, LEGO, British Columbia Lottery Corporation, and Astro illustrate the real-world implementation of ERM on a macro level, while also addressing how ERM informs the response to specific incidents. Readers will learn how top companies are effectively constructing ERM systems to positively drive financial growth and manage operational and outside risk factors. By addressing the challenges of adopting ERM in large organizations with different functioning silos and well-established processes, this guide provides expert insight into fitting the new framework into cultures resistant to change. Enterprise risk management covers accidental losses as well as financial, strategic, operational, and other risks. Recent economic and financial market volatility has fueled a heightened interest in ERM, and regulators and investors have begun to scrutinize companies' risk-management policies and procedures. Implementing Enterprise Risk Management provides clear, demonstrative instruction on establishing a strong, effective system. Readers will learn to: Put the right people in the right places to build a strong ERM framework Establish an ERM system in the face of cultural, logistical, and historical challenges Create a common language and reporting system for communicating key risk indicators Create a risk-aware culture without discouraging beneficial risk-taking behaviors ERM is a complex endeavor, requiring expert planning, organization, and leadership, with the goal of steering a company's activities in a direction that minimizes the effects of risk on financial value and performance. Corporate boards are increasingly required to review and report on the adequacy of ERM in the organizations they administer, and Implementing Enterprise Risk Management offers operative guidance for creating a program that will pass muster.

Author : Kit Sadgrove
Publisher : Routledge
Page : 579 pages
File Size : 55,8 Mb
Release : 2016-03-03
Category : Business & Economics
ISBN : 9781317037606

Get Book

The Complete Guide to Business Risk Management by Kit Sadgrove Pdf

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.

Author : Laird Wilson,Doug McCutcheon,Marilyn Buchanan,University of Alberta. Faculty of Engineering. Industrial Safety & Loss Management Program
Publisher : University of Alberta
Page : 196 pages
File Size : 55,8 Mb
Release : 2003-08-15
Category : Business & Economics
ISBN : 0888643942

Get Book

Industrial Safety and Risk Management by Laird Wilson,Doug McCutcheon,Marilyn Buchanan,University of Alberta. Faculty of Engineering. Industrial Safety & Loss Management Program Pdf

The industrial workplace should be an environmentally sound and reliable operation with established safety and health policies and practices. Most companies work hard to achieve this goal by having Industrial Safety and Risk Management programs in place. The key benefits of a first-class ISRM program are the reduction of risk to people, environment, assets and production for company personnel, contractors, the public and investors. Professors Wilson and McCutcheon offer an integrated approach to industrial safety and risk management and explain the elements of practice required to manage health, safety and environmental risk effectively. Contributors from industry and government add their expertise to provide a comprehensive examination of issues concerning industrial health, safety and risk management programs; risk assessment and management; causation models and systematic incident investigation; and human factors. Case studies of industrial disasters offer lessons in how to proactively reduce risks in operations or projects. Industrial Safety and Risk Management provides a solid base for students and industry to implement, manage and improve their understanding and knowledge of safety and risk management programs. It provides an excellent training program for new professionals, junior managers and supervisors working in industry.

Author : Evan J. Patel
Publisher : xspurts.com
Page : 284 pages
File Size : 44,9 Mb
Release : 2023-01-01
Category : Business & Economics
ISBN : 9781776847815

Get Book

Discounted Cash Flow Budgeting: Simplified Your Path to Financial Excellence by Evan J. Patel Pdf

Looking to take control of your finances and achieve financial excellence? Look no further than "Discounted Cash Flow Budgeting: Simplified Your Path to Financial Excellence." This comprehensive guide provides a step-by-step overview of Discounted Cash Flow (DCF) budgeting, one of the most effective methods for understanding and managing your cash flow. Inside, you'll learn about the basics of DCF, including the theory behind the method and the time value of money. You'll also discover the components of a DCF budget, including cash inflows, cash outflows, and net present value. With this knowledge, you'll be able to build your own DCF budget, including estimating future cash flows, determining the discount rate, and calculating net present value. But that's not all - this guide also covers advanced techniques in DCF budgeting, including real option valuation and DCF for startup businesses. Plus, you'll learn about the limitations of DCF budgeting and how to overcome them, as well as the role of DCF in uncertain economic times. Whether you're a finance student, a professional looking to develop your skills, or simply someone looking to take control of your finances, "Discounted Cash Flow Budgeting" has the insights and tools you need to succeed. With case studies, real-world examples, and resources for further learning, this guide is the ultimate resource for anyone looking to achieve financial excellence. Contents: Understanding the Basics of Discounted Cash Flow (DCF) What is Discounted Cash Flow? Importance of Discounted Cash Flow in Budgeting The Theory Behind Discounted Cash Flow Time Value of Money Risk and Return The Mathematics of DCF Present Value and Future Value Discount Rate Components of a DCF Budget Cash Inflows Cash Outflows Net Present Value Building Your DCF Budget Estimating Future Cash Flows Determining the Discount Rate Calculating Net Present Value Sensitivity Analysis in DCF Budgeting Variations in Cash Flow Estimates Changes in Discount Rate DCF in Capital Budgeting Evaluating Investment Projects Comparing Different Financing Options DCF for Business Valuation Free Cash Flow Forecasting Terminal Value Calculation DCF in Real Estate Investment Estimating Rental Cash Flows Determining Property Value DCF for Stock Valuation Dividend Discount Model Earnings Discount Model Limitations of DCF Budgeting Uncertainty and Risk Dependence on Assumptions Overcoming DCF Limitations Conservative Estimations Regular Review and Adjustment DCF Budgeting Software and Tools Excel for DCF Budgeting Professional Financial Software Case Studies in DCF Budgeting Successful DCF Budgeting Examples Lessons from Failed DCF Budgeting Attempts The Future of DCF Budgeting Impact of Technology on DCF Budgeting Trends and Innovations in DCF Budgeting Advanced Techniques in DCF Budgeting Adjusted Present Value Method Real Option Valuation DCF for Startup Businesses Projecting Cash Flows for Startups Valuing a Startup Using DCF DCF in Mergers and Acquisitions Valuing a Target Company Assessing the Financial Feasibility of a Merger DCF in Debt Management Evaluating Loan Options Assessing the Cost of Debt DCF for Personal Financial Planning Planning for Retirement Estimating the Value of Investments DCF in Non-Profit Organizations Project Evaluation Fund Allocation DCF in Government Budgeting Public Project Evaluation Debt Management DCF and Corporate Social Responsibility Valuing Social and Environmental Impacts Sustainable Investment Analysis DCF in Uncertain Economic Times Role of DCF during Economic Crisis DCF in Post-Covid World Cultural Considerations in DCF Budgeting Differences in DCF Approaches Across the Globe Adapting DCF to Local Contexts Ethical Considerations in DCF Budgeting Manipulation and Misrepresentation Risks Ensuring Ethical Conduct in DCF Budgeting Teaching DCF Budgeting DCF for Finance Students Professional Development in DCF Budgeting A Career in DCF Budgeting Roles and Responsibilities of a DCF Analyst Skills and Qualifications for DCF Professionals Resources for Further Learning Books and Journals on DCF Budgeting Online Resources for DCF Budgeting.

Author : Michael B. Bender
Publisher : Createspace Independent Pub
Page : 50 pages
File Size : 40,7 Mb
Release : 2013-06-18
Category : Business & Economics
ISBN : 1490462007

Get Book

Project Risk Management - Simplified! by Michael B. Bender Pdf

Perhaps the most misunderstood of the project management disciplines, project risk management is simple to master and is one of the most powerful tools for both novice and advanced project managers. Whatever concerns your project may offer: political, technical, resource or inexperienced team, project risk management can reduce or eliminate them. You'll learn how to use risk management to:• manage stakeholder expectations• retain resources• control scope • manage clients• maintain project schedulesOffering a simplified methodology, this book offers pragmatic and easy-to-understand techniques, tools, methods, forms and checklists for managing risks. You'll find step-by-step instructions for applying Nominal Group Technique, Delphi Technique, Brainstorming Light and other methods to help you manage your project risks. Finally, you'll see how to use the cause-effect relationship of risks to manage high-level stakeholders, senior management and clients.

Author : Frank R. Spellman,Revonna M. Bieber
Publisher : Government Institutes
Page : 204 pages
File Size : 41,5 Mb
Release : 2009-05-16
Category : Business & Economics
ISBN : 9781605902807

Get Book

Occupational Safety and Health Simplified for the Chemical Industry by Frank R. Spellman,Revonna M. Bieber Pdf

Identifying safety risks inherent to the chemical industry, this new book identifies steps that safety managers can implement in their facilities to minimize the occurrence and severity of accidents. Drawing together in one volume everything employers need to know about applicable OSHA (Occupational Safety and Health Administration) standards, this book provides expert, easy-to-read insight into interpreting OSHA's chemical manufacturing standards, training requirements, and Hazard Communication Standard. Intended as a reference tool for use in the office and on the production floor, this book allows safety managers to quickly understand complicated OSHA requirements. It removes much of the confusion and stress from the compliance process by providing detailed examples of various required documents and processes. For added convenience, the authors include a sample Hazard Communication Program, a comprehensive and easy-to-use sample chemical hygiene plan, a sample chemical safety program, and a sample chemical industry emergency response plan, all of which conform to OSHA standards.

Author : John R. S. Fraser,Rob Quail,Betty Simkins
Publisher : John Wiley & Sons
Page : 951 pages
File Size : 40,6 Mb
Release : 2021-06-04
Category : Business & Economics
ISBN : 9781119741459

Get Book

Enterprise Risk Management by John R. S. Fraser,Rob Quail,Betty Simkins Pdf

Unlock the incredible potential of enterprise risk management There has been much evolution in terms of ERM best practices, experience, and standards and regulation over the past decade. Enterprise Risk Management: Today’s Leading Research and Best Practices for Tomorrow’s Executives, Second Edition is the revised and updated essential guide to the now immensely popular topic of enterprise risk management (ERM). With contributions from leading academics and practitioners, this book offers insights into what practitioners are doing and what the future holds. You’ll discover how you can implement best practices, improve ERM tools and techniques, and even learn to teach ERM. Retaining the holistic approach to ERM that made the first edition such a success, this new edition adds coverage of new topics including cybersecurity risk, ERM in government, foreign exchange risk, risk appetite, innovation risk, outsourcing risk, scenario planning, climate change risk, and much more. In addition, the new edition includes important updates and enhancements to topics covered in the first edition; so much of it has been revised and enhanced that it is essentially an entirely new book. Enterprise Risk Management introduces you to the concepts and techniques that allow you to identify risks and prioritize the appropriate responses. This invaluable guide offers a broad overview, covering key issues while focusing on the principles that drive effective decision making and determine business success. This comprehensive resource also provides a thorough introduction to ERM as it relates to credit, market, and operational risk, as well as the evolving requirements of the board of directors’ role in overseeing ERM. Through the comprehensive chapters and leading research and best practices covered, this book: Provides a holistic overview of key topics in ERM, including the role of the chief risk officer, development and use of key risk indicators and the risk-based allocation of resources Contains second-edition updates covering additional material related to teaching ERM, risk frameworks, risk culture, credit and market risk, risk workshops and risk profiles and much more. Over 90% of the content from the first edition has been revised or enhanced Reveals how you can prudently apply ERM best practices within the context of your underlying business activities Filled with helpful examples, tables, and illustrations, Enterprise Risk Management, Second Edition offers a wealth of knowledge on the drivers, the techniques, the benefits, as well as the pitfalls to avoid, in successfully implementing ERM.