Managing Risk in Organizations

Managing Risk in Organizations offers a proven framework for handling risks across all types of organizations. In this comprehensive resource, David Frame—a leading expert in risk management—examines the risks routinely encountered in business, offers prescriptions to assess the effects of various risks, and shows how to develop effective strategies to cope with risks. In addition, the book is filled with practical tools and techniques used by professional risk practitioners that can be readily applied by project managers, financial managers, and any manager or consultant who deals with risk within an organization. Managing Risk in Organizations is filled with illustrative case studies and Outlines the various types of risk—pure, operational, project, technical, business, and political Reveals what risk management can and cannot accomplish Shows how to organize risk management efforts to conduct risk assessments, manage crises, and recover from disasters Includes a systematic risk management processrisk management planning, risk identification, qualitative impact analysis, quantitative impact analysis, risk response planning, and monitoring control Provides quantitative and qualitative tools to identify and handle risks This much-needed book will enable organizations to take risk seriously and act proactively.

Preface. About the Author. 1 The Big Picture. 2 Practical Limitations of Risk Management. 3 Organizing to Deal with Risk. 4 Identifying Risk. 5 Assessing Impacts of Risk Events—Qualitative Impact Analysis. 6 Assessing Impacts of Risk Events—Quantitative Analysis. 7 Assessing the Impacts of Risk Events: The Role of Probability and Statistics. 8 Planning to Handle Risk. 9 Monitoring and Controlling Risk. 10 Business Risk. 11 Operational Risks. 12 Project Risk. 13 Conclusions. References. Index.