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The Failure of Risk Management
- Why It's Broken and How to Fix It, 2nd Edition
- Narrated by: Stephen Bel Davies
- Length: 13 hrs and 29 mins
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Publisher's Summary
The Failure of Risk Management provides effective solutions to significant faults in current risk analysis methods. Conventional approaches to managing risk lack accurate quantitative analysis methods, yielding strategies that can actually make things worse. Many widely used methods have no systems to measure performance, resulting in inaccurate selection and ineffective application of risk management strategies. These fundamental flaws propagate unrealistic perceptions of risk in business, government, and the general public.
This book provides expert examination of essential areas of risk management, including risk assessment and evaluation methods, risk mitigation strategies, common errors in quantitative models, and more. Guidance on topics such as probability modelling and empirical inputs emphasizes the efficacy of appropriate risk methodology in practical applications.
Recognized as a leader in the field of risk management, author Douglas W. Hubbard combines science-based analysis with real-world examples to present a detailed investigation of risk management practices. This revised and updated second edition includes expanded coverage of innovative statistical methods and new cases of current risk management issues such as data breaches and natural disasters.
What listeners say about The Failure of Risk Management
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- Alexandra Hare
- 27-06-2021
The failure if risk management
I listened to this book to increase my understanding about risk management in health and safety. Hubbard explains the subject very well although the examples are mostly based on company risk and financial aspects of this (although the principles are the same). That said I found the answers to a few long standing bug bears that have bothered me for an age including why risk matrices are used, why they aren't good and why that is, and so will listen to it again. I also plan to visit Hubbard's website (mentioned) to formulate some calculations and find better methods to calculate risk. I am actually really glad that I chose this book.
While I am not an expert in maths Davies reads it very well and he kept my interest even when the book ventured into areas beyond by understanding. So, a big Thanks for that! This was a good combination of talents.
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