Enterprise risk management: advances on its foundation and practice

By:

Aven, Terje

Contributor(s):

Thekdi, Shital

Material type: Text

TextPublication details: Routledge London 2022Description: xii, 195 pISBN:

9781032082691

Subject(s):

DDC classification:

658.155 AVE

Summary: Enterprise Risk Management: Advances on its Foundation and Practice relates the fundamental enterprise risk management (ERM) concepts and current generic risk assessment and management principles that have been influential in redefining the risk field over the last decade. It defines ERM with a particular focus on understanding the nexus between risk, uncertainty, knowledge and performance. The book argues that there is critical need for ERM concepts, principles and methods to adapt to the latest and most influential risk management developments, as there are several issues with outdated ERM theories and practices; problems include the inability to effectively and systematically balance both opportunity and downside performance, or relying too much on narrow probability-based perspectives for risk assessment and decision-making. It expands traditional loss-based risk principles into new and innovative performance-risk frameworks, and presents fundamental risk principles that have recently been developed by the Society for Risk Analysis (SRA). All relevant statistical and risk concepts are clearly explained and interpreted using minimal mathematical notation. The focus of the book is centered around ideas and principles, more than technicalities. The book is primarily intended for risk professionals, researchers and graduate students in the fields of engineering and business, and should also be of interest to executive managers and policy makers with some background in quantitative methods such as statistics. (https://www.routledge.com/Enterprise-Risk-Management-Advances-on-its-Foundation-and-Practice/Aven-Thekdi/p/book/9781032082691)

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks	Public Policy & General Management	658.155 AVE (Browse shelf(Opens below))	1	Available		006835

Table of content:
1 Some illustrating examples 2 What is risk and enterprise risk? 3 Basic principles of ERM 4 Distinguishing between ERM and Task Risk Management (TRM) 5 Potential surprises and the unforeseen (black swans) 6 Integrating performance, risk and resilience-based thinking and methods 7 Balancing different concerns, by seeing beyond traditional cost-benefit types of analysis using expected values 8 Improving ERM practices: Practical challenges 9 Revisiting key examples
[https://www.routledge.com/Enterprise-Risk-Management-Advances-on-its-Foundation-and-Practice/Aven-Thekdi/p/book/9781032082691]

Enterprise Risk Management: Advances on its Foundation and Practice relates the fundamental enterprise risk management (ERM) concepts and current generic risk assessment and management principles that have been influential in redefining the risk field over the last decade. It defines ERM with a particular focus on understanding the nexus between risk, uncertainty, knowledge and performance.

The book argues that there is critical need for ERM concepts, principles and methods to adapt to the latest and most influential risk management developments, as there are several issues with outdated ERM theories and practices; problems include the inability to effectively and systematically balance both opportunity and downside performance, or relying too much on narrow probability-based perspectives for risk assessment and decision-making. It expands traditional loss-based risk principles into new and innovative performance-risk frameworks, and presents fundamental risk principles that have recently been developed by the Society for Risk Analysis (SRA). All relevant statistical and risk concepts are clearly explained and interpreted using minimal mathematical notation. The focus of the book is centered around ideas and principles, more than technicalities.

The book is primarily intended for risk professionals, researchers and graduate students in the fields of engineering and business, and should also be of interest to executive managers and policy makers with some background in quantitative methods such as statistics.

(https://www.routledge.com/Enterprise-Risk-Management-Advances-on-its-Foundation-and-Practice/Aven-Thekdi/p/book/9781032082691)

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