Authors: Bowden, Julia H. Martin, Malcolm R. Lane
ISBN-13: 9780471415572, ISBN-10: 047141557X
Format: Hardcover
Publisher: Wiley, John & Sons, Incorporated
Date Published: June 2001
Edition: (Non-applicable)
ADRIAN R. BOWDEN is a Senior Principal of Business Risk Strategies, a division of URS, a global full-service corporation of planners, engineers, scientists, and program managers. He has over 25 years of professional consultancy experience.
MALCOLM R. LANE is a Senior Principal of Business Risk Strategies at URS Corporation. He has over 20 years of experience in environmental engineering and impact assessment as well as risk assessment management.
JULIA H. MARTIN is a Principal of Business Risk Strategies at URS Corporation. She has over 15 years of experience in environmental impact assessment and formulation of due diligence risk management strategies.
An innovative, new approach to risk assessment and management that will help you uncover countless opportunities for your company
If a business wants to be sustainable in the twenty-first century, it should focus on the continuous improvements and potential opportunities that risk management offers. Written by risk management experts, this book will provide you with the necessary tools and guidance for the successful management of business risk so you can improve your company's triple bottom line—the social, environmental, and financial accountability of your business. The authors introduce the RISQUE method, which was specifically developed to address a diverse range of events and issues. It offers a multifaceted approach, using a rational process, which will help you make informed, defensible risk management decisions. You'll gain a better understanding of the methodology, assumptions, advantages, and disadvantages of this approach. You'll also see how the method can be applied to specific areas within your business to reduce risk and increase opportunities. And you'll learn the necessary skills to implement a risk management process that will demonstrate commitment to triple bottom line management.
To enhance the material presented, numerous case studies are included that will help you understand how to:
Overviews business risk assessment techniques and links the successful management of business risk with improvements in the social, environmental, and financial accountability of a business. Details strategies for improving the business risk assessment process and formulating informed risk management decisions, incorporating a quantitative risk assessment process that translates intangible environmental and social risks into financial measures. Presents real- world case studies showing how managers have used this new risk characterization and assessment approach to improve their business risk management practices. Bowden has 25 years of professional consultancy experience. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Foreword | ||
Acknowledgments | ||
Introduction | ||
1 | Risk Management Process | 3 |
2 | Why Use Anything Other Than Quantitative Risk Assessment? | 17 |
3 | Overview of the RISQUE Method | 35 |
4 | Stage 1: Establish the Context | 41 |
5 | Stage 2: Identify the Risk | 47 |
6 | Stage 3: Analyze the Risk | 65 |
7 | Stage 4: Formulate a Risk Treatment Strategy | 93 |
8 | Stage 5: Implement the Risk Treatment Strategy | 107 |
9 | Benefits of the RISQUE Method | 121 |
10 | Project Selection: Mining, Papua New Guinea | 137 |
11 | Acquisitions: Power, United States | 163 |
12 | Quantifying Intangibles: Land Development, Australia | 177 |
13 | Community Safety: Tourism, New Zealand | 193 |
14 | Financial Assurances: Waste Management, Australia | 211 |
15 | Indemnity in Perpetuity: Mining, New Zealand | 223 |
16 | Corporate Reporting and Insurance: Resources Processing, United States | 245 |
17 | Asset Management Water, New Zealand | 267 |
Glossary | 293 | |
Index | 303 |