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Enterprise risk management : advances on its foundation and practice / Terje Aven and Shital Thekdi.

By: Contributor(s): Publisher: London; New York : Routledge, Taylor & Francis Group, 2020Description: xii,195 pages : illustrations ; 24 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9781138386235
Subject(s): Additional physical formats: Online version:: Enterprise risk managementDDC classification:
  • 658.155 Av34 23 2020
LOC classification:
  • HD61 .A936 2020
Contents:
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
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and methods to adapt to the latest and most influential risk management developments, as there are several issues with outdated ERM theories and practices; problems include the inability to effectively and systematically balance both opportunity and downside performance, or relying too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. 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. The book should also be of interest to executive managers and policy makers with some background in quantitative methods such as statistics"-- Provided by publisher.
Holdings
Item type Current library Collection Call number Status Barcode
Books Books College Library General Circulation Section GC GC 658.155 Av34 2020 (Browse shelf(Opens below)) Available HNU004188

Includes bibliographical references and index.

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

"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. 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. The book should also be of interest to executive managers and policy makers with some background in quantitative methods such as statistics"-- Provided by publisher.

College of Business and Accountancy Bachelor of Science in Business Administration Major in Marketing Management

Text in English

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