Rules exist in the name of our own protection, but has anyone ever stopped to consider exactly how and why? In Playing by the Rules, authors Tracey Brown and Michael Hanlon dig deeper to discover the real reasons behind many of the global safety rules and security regulations we obey without question, and their conclusions range from the surprisingly pointless to shockingly dangerous. Does it make sense to surrender your nail clippers to board a plane...

Transform your approach to oprisk modelling with a proven, non-statistical methodology Operational Risk Modeling in Financial Services provides risk professionals with a forward-looking approach to risk modelling, based on structured management judgement over obsolete statistical methods. Proven over a decade's use in significant banks and financial services firms in Europe and the US, the Exposure, Occurrence, Impact (XOI) method of operational risk...

"This book discusses risk management as it applies to the problem-solving process for simple, complex, and wicked problems. The book does this in the context of policies. When applying systems thinking to risk management, it can be seen that risk management applies to everything in daily life, from crossing the road, to preventing problems from arising in project management, as well as in major systems development and social systems. The book will...

"Today, chief risk officers are finding themselves facing the daunting task of providing assurances to senior management and to board members that operational risks are being effectively managed and mitigated. Traditional market and credit risk approaches offer only partial effectiveness in the operational risk field, and this book explores the unique qualitative aspects of operational risk manage-ment. This book also provides insight into some of...

"A practical guide, from the basic techniques, through to advanced applications, showing you what risk management is, and how you can develop a successful strategy for your company."--

Take a holistic view of enterprise risk-adjusted return management in banking. This book recommends that a bank transform its siloed operating model into an agile enterprise model. It offers an event-driven, process-based, data-centric approach to help banks plan and implement an enterprise risk-adjusted return model (ERRM), keeping the focus on business events, processes, and a loosely coupled enterprise service architecture. Most banks suffer from...

"Central to the issue of improving project performance is the application of deterministic, probabilistic processes and techniques to reduce human error. To that end, we as project managers often endeavour to implement and follow a project management methodology in the belief that we can reduce the scope for emerging ambiguous requirements, ill-matched resource needs and availability, contractual and funding constraints and other unwanted uncertainties....

"From a top risk analyst on major NASA and DoD projects-the concepts, information, and approaches you need to dramatically reduce financial risk on any project, in any industry Even when a quantitative approach to risk management is taken, the process is fraught with obstacles, including a lack of understanding of uncertainty and ignorance of actual risk levels, peoples' inherent biases that cause them to underestimate risk, and disconnection of staff...

With more than three decades of experience as a thought-leader and expert practitioner, PMI Fellow Dr. David Hillson shares practical insight into howupside risks can be identified, assessed, and managed asopportunities. After reviewing the benefits of identifying opportunities, the book steps through the opportunity identification and management process in detail, describing proven tools and techniques as well as specific tips to make them work in...

"Cognitive Risk is a book about the least understood, but most pervasive risk to mankind - cognitive risks. Cognitive risks are subconscious and unconscious influence factors on human decision-making: heuristics and biases. To understand the scope of cognitive risk we look at case studies, corporate and organizational failure and the science that explains why we systemically make errors in judgment and repeat the same errors. Cognitive risk takes...