By J. Davidson Frame

This consultant examines the dangers generally encountered in enterprise, bargains prescriptions to evaluate the results of varied hazards, and info innovations to deal with dangers. Illustrating significant rules with case reports, the ebook outlines a scientific danger administration approach. person chapters handle the obstacle of hazard administration, the id of danger, qualitative research, quantitative research, the function of likelihood and facts, making plans, tracking and controlling hazard, and diverse different types of hazard. body is affiliated with the collage of administration and know-how.

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Extra resources for Managing Risk in Organizations: A Guide for Managers

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To understand why these initiatives may be threatening to some people, consider what risk management processes do: they force people in organizations to approach their efforts in a deliberative fashion and to be aware of the dangers that lurk in the shadows. Overall, they encourage a measure of caution in decision making. A salesperson who is about to sell a large data management system to a client does not want to hear that a risk review shows that the three-month delivery date she promised the client cannot be achieved.

This book approaches risk primarily from two points of view. First, it is principally concerned with bad things happening and takes the traditional view that risk is tied to the prospect of injury or loss. When an organization launches a risk assessment effort, the team conducting the assessment is looking for possible sources of trouble. It addresses questions such as: How might our operations fail? What weaknesses can we identify in our security system? Will we be able to deliver our goods by the contracted delivery date?

They were, however, able to take steps to see that the towers could be evacuated quickly in the event of a disaster. Consequently, they made sure that the stairwells were usable (when the World Trade Center was built, the stairwells were made extra wide to deal with the potential need for quick evacuation of the structures) and developed effective evacuation plans. Thus, although they could not prevent an aircraft collision with a tower, they could minimize casualties if such an event occurred.

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