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020 _a9781032082691
082 _a658.155
_bAVE
100 _aAven, Terje
_918062
245 _aEnterprise risk management:
_badvances on its foundation and practice
260 _bRoutledge
_aLondon
_c2022
300 _axii, 195 p.
365 _aGBP
_b45.99
504 _aTable 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]
520 _aEnterprise 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and methods to adapt to the latest and most influential risk management developments, as there are several issues with outdated ERM theories and practices; problems include the inability to effectively and systematically balance both opportunity and downside performance, or relying too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)
650 _aRisk Management
650 _aUncertainty
_96398
700 _aThekdi, Shital
_919828
942 _cBK
_2ddc
999 _c7513
_d7513