Bow Ties in Risk Management Book

Bow Ties in Risk Management


  • Author : CCPS (Center for Chemical Process Safety)
  • Publisher : John Wiley & Sons
  • Release Date : 2018-10-09
  • Genre: Technology & Engineering
  • Pages : 224
  • ISBN 10 : 9781119490395

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Bow Ties in Risk Management Excerpt :

AN AUTHORITATIVE GUIDE THAT EXPLAINS THE EFFECTIVENESS AND IMPLEMENTATION OF BOW TIE ANALYSIS, A QUALITATIVE RISK ASSESSMENT AND BARRIER MANAGEMENT METHODOLOGY From a collaborative effort of the Center for Chemical Process Safety (CCPS) and the Energy Institute (EI) comes an invaluable book that puts the focus on a specific qualitative risk management methodology – bow tie barrier analysis. The book contains practical advice for conducting an effective bow tie analysis and offers guidance for creating bow tie diagrams for process safety and risk management. Bow Ties in Risk Management clearly shows how bow tie analysis and diagrams fit into an overall process safety and risk management framework. Implementing the methods outlined in this book will improve the quality of bow tie analysis and bow tie diagrams across an organization and the industry. This important guide: Explains the proven concept of bow tie barrier analysis for the preventing and mitigation of incident pathways, especially related to major accidents Shows how to avoid common pitfalls and is filled with real-world examples Explains the practical application of the bow tie method throughout an organization Reveals how to treat human and organizational factors in a sound and practical manner Includes additional material available online Although this book is written primarily for anyone involved with or responsible for managing process safety risks, this book is applicable to anyone using bow tie risk management practices in other safety and environmental or Enterprise Risk Management applications. It is designed for a wide audience, from beginners with little to no background in barrier management, to experienced professionals who may already be familiar with bow ties, their elements, the methodology, and their relation to risk management. The missions of both the CCPS and EI include developing and disseminating knowledge, skills, and good practices to protect people, property and the environment by

Enterprise Risk Management Book

Enterprise Risk Management


  • Author : James Lam
  • Publisher : John Wiley & Sons
  • Release Date : 2014-01-06
  • Genre: Business & Economics
  • Pages : 496
  • ISBN 10 : 9781118834435

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Enterprise Risk Management Excerpt :

A fully revised second edition focused on the best practices of enterprise risk management Since the first edition of Enterprise Risk Management: From Incentives to Controls was published a decade ago, much has changed in the worlds of business and finance. That's why James Lam has returned with a new edition of this essential guide. Written to reflect today's dynamic market conditions, the Second Edition of Enterprise Risk Management: From Incentives to Controls clearly puts this discipline in perspective. Engaging and informative, it skillfully examines both the art as well as the science of effective enterprise risk management practices. Along the way, it addresses the key concepts, processes, and tools underlying risk management, and lays out clear strategies to manage what is often a highly complex issue. Offers in-depth insights, practical advice, and real-world case studies that explore the various aspects of ERM Based on risk management expert James Lam's thirty years of experience in this field Discusses how a company should strive for balance between risk and return Failure to properly manage risk continues to plague corporations around the world. Don't let it hurt your organization. Pick up the Second Edition of Enterprise Risk Management: From Incentives to Controls and learn how to meet the enterprise-wide risk management challenge head on, and succeed.

Enterprise Risk Management Book

Enterprise Risk Management


  • Author : John Fraser
  • Publisher : John Wiley & Sons
  • Release Date : 2010-01-07
  • Genre: Business & Economics
  • Pages : 608
  • ISBN 10 : 9780470499085

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Enterprise Risk Management Excerpt :

Essential insights on the various aspects of enterprise risk management If you want to understand enterprise risk management from some of the leading academics and practitioners of this exciting new methodology, Enterprise Risk Management is the book for you. Through in-depth insights into what practitioners of this evolving business practice are actually doing as well as anticipating what needs to be taught on the topic, John Fraser and Betty Simkins have sought out the leading experts in this field to clearly explain what enterprise risk management is and how you can teach, learn, and implement these leading practices within the context of your business activities. In this book, the authors take a broad view of ERM, or what is called a holistic approach to ERM. Enterprise Risk Management introduces you to the wide range of concepts and techniques for managing risk in a holistic way that correctly identifies risks and prioritizes the appropriate responses. This invaluable guide offers a broad overview of the different types of techniques: the role of the board, risk tolerances, risk profiles, risk workshops, and allocation of resources, while focusing on the principles that determine business success. This comprehensive resource also provides a thorough introduction to enterprise risk management as it relates to credit, market, and operational risk, as well as the evolving requirements of the rating agencies and their importance to the overall risk management in a corporate setting. Filled with helpful tables and charts, Enterprise Risk Management offers a wealth of knowledge on the drivers, the techniques, the benefits, as well as the pitfalls to avoid, in successfully implementing enterprise risk management. Discusses the history of risk management and more recently developed enterprise risk management practices and how you can prudently implement these techniques within the context of your underlying business activities Provides coverage of topics such as the ro

Corporate Risk Management Book

Corporate Risk Management


  • Author : Georges Dionne
  • Publisher : Wiley
  • Release Date : 2019-04-30
  • Genre: Business & Economics
  • Pages : 416
  • ISBN 10 : 9781119583127

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Corporate Risk Management Excerpt :

An updated review of the theories and applications of corporate risk management After the financial crisis of 2008, issues concerning corporate risk management arose that demand new levels of oversight. Corporate Risk Management is an important guide to the topic that puts the focus on the corporate finance dimension of risk management. The author—a noted expert on the topic—presents several theoretical models appropriate for various industries and empirically verifies theoretical propositions. The book also proposes statistical modeling that can evaluate the importance of different risks and their variations according to economic cycles. The book provides an analysis of default, liquidity, and operational risks as well as the failures of LTCM, ENRON, and financial institutions that occurred during the financial crisis. The author also explores Conditional Value at Risk (CVaR), which is central to the debate on the measurement of market risk under Basel III. This important book: Includes a comprehensive review of the aspects of corporate risk management Presents statistical modeling that addresses recent risk management issues Contains an analysis of risk management failures that lead to the 2008 financial crisis Offers a must-have resource from author Georges Dionne the former editor of The Journal of Risk and Insurance Corporate Risk Management provides a modern empirical analysis of corporate risk management across industries. It is designed for use by risk management professionals, academics, and graduate students.

The Risk Management of Safety and Dependability Book

The Risk Management of Safety and Dependability


  • Author : W Wong
  • Publisher : Elsevier
  • Release Date : 2010-04-16
  • Genre: Health & Fitness
  • Pages : 312
  • ISBN 10 : 9781845699383

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The Risk Management of Safety and Dependability Excerpt :

The issue of risk should be embedded into the mindset of every engineer and manager to improve safety and dependability. Companies can be held accountable through law when a gross failing in health and safety management has fatal consequences. Here risk management, the organisational structure required and the main factors needed for its successful execution are explored. What risks must be managed as a legal requirement? How is risk quantified? What methods can be used to reduce risk? Such questions are addressed, alongside case histories of disasters to illustrate failures in risk management. In an easy-to-read and accessible way, The risk management of safety and dependability presents the key factors involved in successful risk management, so that even non-experts in small and medium-sized organisations, as well as engineers and managers, can apply sound safety and dependability principles. Complies with the recommendations of the Engineering Technology Board Assesses ways of recognising hazards and procedures for reducing risk in the design of processes, plant and machinery Provides detailed accounts of three major disasters and describes the lessons to be learnt in relation to risk management

Safety Risk Management for Medical Devices Book

Safety Risk Management for Medical Devices


  • Author : Bijan Elahi
  • Publisher : Academic Press
  • Release Date : 2021-11-11
  • Genre: Technology & Engineering
  • Pages : 534
  • ISBN 10 : 9780323918237

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Safety Risk Management for Medical Devices Excerpt :

Safety Risk Management for Medical Devices, Second Edition teaches the essential safety risk management methodologies for medical devices compliant with the requirements of ISO 14971:2019. Focusing exclusively on safety risk assessment practices required in the MedTech sector, the book outlines sensible, easily comprehensible, state-of the-art methodologies that are rooted in current industry best practices, addressing safety risk management of medical devices, thus making it useful for those in the MedTech sector who are responsible for safety risk management or need to understand risk management, including design engineers, product engineers, development engineers, software engineers, Quality assurance and regulatory affairs. Graduate-level engineering students with an interest in medical devices will also benefit from this book. The new edition has been fully updated to reflect the state-of-the-art in this fast changing field. It offers guidance on developing and commercializing medical devices in line with the most current international standards and regulations. Includes new coverage of ISO 14971:2019, ISO/TR 24971 Presents the latest information on the history of risk management, lifetime of a medical device, risk management review, production and post production activities, post market risk management Provides practical, easy-to-understand and state-of the-art methodologies that meet the requirements of international regulation

Therapeutic Risk Management of Medicines Book

Therapeutic Risk Management of Medicines


  • Author : Stephen J. Mayall
  • Publisher : Elsevier
  • Release Date : 2014-04-16
  • Genre: Medical
  • Pages : 448
  • ISBN 10 : 9781908818270

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Therapeutic Risk Management of Medicines Excerpt :

Therapeutic risk management of medicines is an authoritative and practical guide on developing, implementing and evaluating risk management plans for medicines globally. It explains how to assess risks and benefit-risk balance, design and roll out risk minimisation and pharmacovigilance activities, and interact effectively with key stakeholders. A more systematic approach for managing the risks of medicines arose following a number of high-profile drug safety incidents and a need for better access to effective but potentially risky treatments. Regulatory requirements have evolved rapidly over the past decade. Risk management plans (RMPs) are mandatory for new medicinal products in the EU and a Risk Evaluation and Mitigation Strategy (REMS) is needed for certain drugs in the US. This book is an easy-to-read resource that complements current regulatory guidance, by exploring key areas and practical implications in greater detail. It is structured into chapters encompassing a background to therapeutic risk management, strategies for developing RMPs, implementation of RMPs, and the continuing evolution of the risk management field.The topic is of critical importance not only to the pharmaceutical and biotechnology industries, but also regulators and healthcare policymakers.Some chapters feature contributions from selected industry experts. An up-to-date practical guide on conceiving, designing, and implementing global therapeutic risk management plans for medicines A number of useful frameworks are presented which add impact to RMPs (Risk Management Plans), together with regional specific information (European Union, United States, and Japan) A comprehensive guide for performing risk management more effectively throughout a product’s life-cycle

Human Fatigue Risk Management Book

Human Fatigue Risk Management


  • Author : Susan L. Murray
  • Publisher : Academic Press
  • Release Date : 2016-06-24
  • Genre: Technology & Engineering
  • Pages : 282
  • ISBN 10 : 9780128026649

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Human Fatigue Risk Management Excerpt :

Human Fatigue Risk Management: Improving Safety in the Chemical Processing Industry teaches users everything they need to know to mitigate the risk of fatigued workers in a plant or refinery. As human fatigue has been directly linked to several major disasters, the book explores the API RP 755 guidelines that were released to reduce these types of incidents. This book will help users follow API RP 755 and/or implement a fatigue risk management system in their organization. Susan Murray, a recognized expert in the field of sleep deprivation and its relation to high hazard industries, has written this book to be useful for HSE managers, plant and project managers, occupational safety professionals, and engineers and managers in the chemical processing industry. As scheduling of shifts is an important factor in reducing fatigue and accident rates, users will learn the benefits of more frequent staff rotation and how to implement an ideal scheduling plan. The book goes beyond API RP 755, offering more detailed understanding of why certain measures for managing fatigue are beneficial to a company, including examples of how theory can be put into practice. It is a simple, digestible book for managers who are interested in addressing human factor issues at their workplace in order to raise safety standards. Covers sleep, sleep disorders, and the consequences of fatigue as related to high-hazard industries Helps improve safety standards at the plant level Provides information on how to comply with API RP 755 and related OSHA 29CFR1910 articles Relates fatigue and human performance to accidents, helping readers make a case for implementing a human fatigue risk management policy, which, in turn, prevents loss of property and life

Strategic Risk Management Book

Strategic Risk Management


  • Author : Campbell R. Harvey
  • Publisher : John Wiley & Sons
  • Release Date : 2021-05-04
  • Genre: Business & Economics
  • Pages : 256
  • ISBN 10 : 9781119773917

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Strategic Risk Management Excerpt :

A fresh approach to managing risk in the most challenging market conditions Strategic Risk Management presents an innovative approach to portfolio design. Often the risk management function is a series of tripwires that are activated after the portfolio is already in trouble. Strategic Risk Management presents a framework that seeks to integrate the initial portfolio design and the risk management function. Much of the book’s research was conducted pre-COVID-19; the market selloff in March 2020 offers a unique out of sample experiment that provides evidence supportive of the approach. A crucial ingredient in this integrative design is to understand the performance of various investment strategies in stressful market conditions. The book begins by measuring the performance of various assets and strategies that purport to provide hedging abilities: such as put options and long gold positions. While put options are an extremely reliable, few would want to give up 700 basis points a year to buy this type of insurance. And even if gold does not have the type of drag that long options strategies do, gold turns out to be an unreliable hedge. We focus on two investments that historically offer impressive protection in adverse events: trend following strategies and quality-based equity strategies. We show that performance of trend following strategies is naturally linked to the payoff of a long call and long put position. This property is particularly useful in mitigating portfolio drawdowns. The book also considers operational strategies such as portfolio rebalancing. Most investors routinely rebalance their portfolios, for example, to a 60/40 equity/bond mix. However, few investors realize that a mechanical rebalancing strategy increases drawdowns and portfolio risk. The reason is simple. In extended equity sell offs, the rebalancing strategy is to buy, which increases drawdowns. Strategic Risk Management offers an intuitive solution. If the trend following signal sugges

Natech Risk Assessment and Management Book

Natech Risk Assessment and Management


  • Author : Elisabeth Krausmann
  • Publisher : Elsevier
  • Release Date : 2016-11-01
  • Genre: Technology & Engineering
  • Pages : 268
  • ISBN 10 : 9780128038796

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Natech Risk Assessment and Management Excerpt :

Natech Risk Assessment and Management: Reducing the Risk of Natural-Hazard Impact on Hazardous Installations covers the entire spectrum of issues pertinent to Natech risk assessment and management. After a thorough introduction of the topic that includes definitions of terms, authors Krausmann, Cruz, and Salzano discuss various examples of international frameworks and provide a detailed view of the implementation of Natech Risk Management in the EU and OECD. There is a dedicated chapter on natural-hazard prediction and measurement from an engineering perspective, as well as a consideration of the impact of climate change on Natech risk. The authors also discuss selected Natech accidents, including recent examples, and provide specific ‘lessons learned’ from each, as well as an analysis of all essential elements of Natech risk assessment, such as plant layout, substance hazards, and equipment vulnerability. The final section of the book is dedicated to the reduction of Natech risk, including structural and organizational prevention and mitigation measures, as well as early warning issues and emergency foreword planning. Teaches chemical engineers and safety managers how to safeguard chemical processing plants and pipelines against natural disasters Includes international regulations and explains how to conduct a natural hazards risk assessment, both of which are supported by examples and case studies Discusses a broad range of hazards and the multidisciplinary aspects of risk assessment in a detailed and accessible style

Quantitative Risk Management and Decision Making in Construction Book

Quantitative Risk Management and Decision Making in Construction


  • Author : Amarjit Singh
  • Publisher : ASCE Press
  • Release Date : 2017
  • Genre: Construction industry
  • Pages : 302
  • ISBN 10 : 0784414637

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Quantitative Risk Management and Decision Making in Construction Excerpt :

Singh introduces valuable techniques for weighing and evaluating alternatives in decision making with a focus on risk analysis for identifying, quantifying, and mitigating risks associated with construction projects.

Trust in Cooperative Risk Management Book

Trust in Cooperative Risk Management


  • Author : Michael Siegrist
  • Publisher : Earthscan
  • Release Date : 2012
  • Genre: Business & Economics
  • Pages : 313
  • ISBN 10 : 9781849773461

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Trust in Cooperative Risk Management Excerpt :

Trust is an important factor in risk management, affecting judgements of risk and benefit, technology acceptance and other forms of cooperation. In this book the world's leading risk researchers explore all aspects of trust as it relates to risk management and communication. Drawing on a wide variety of disciplinary approaches and empirical case studies (on topics such as mobile phone technology, well-known food accidents and crises, wetland management, smallpox vaccination, cooperative risk management of US forests and the disposal of the Brent Spar oil drilling platform), this is the most thorough and up-to-date examination of trust in all its forms and complexities.The book integrates diverse research traditions and provides new insights into the phenomenon of trust. Factors that lead to the establishment and erosion of trust are identified. Insightful analyses are provided for researchers and students of environmental and social science and professionals engaged in risk management and communication in both public and private sectors.Related titlesThe Tolerability of Risk (2007) 978-1-84407-398-6

Total Information Risk Management Book

Total Information Risk Management


  • Author : Alexander Borek
  • Publisher : Newnes
  • Release Date : 2013-08-30
  • Genre: Computers
  • Pages : 316
  • ISBN 10 : 9780124058613

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Total Information Risk Management Excerpt :

How well does your organization manage the risks associated with information quality? Managing information risk is becoming a top priority on the organizational agenda. The increasing sophistication of IT capabilities along with the constantly changing dynamics of global competition are forcing businesses to make use of their information more effectively. Information is becoming a core resource and asset for all organizations; however, it also brings many potential risks to an organization, from strategic, operational, financial, compliance, and environmental to societal. If you continue to struggle to understand and measure how information and its quality affects your business, this book is for you. This reference is in direct response to the new challenges that all managers have to face. Our process helps your organization to understand the "pain points" regarding poor data and information quality so you can concentrate on problems that have a high impact on core business objectives. This book provides you with all the fundamental concepts, guidelines and tools to ensure core business information is identified, protected and used effectively, and written in a language that is clear and easy to understand for non-technical managers. Shows how to manage information risk using a holistic approach by examining information from all sources Offers varied perspectives of an author team that brings together academics, practitioners and researchers (both technical and managerial) to provide a comprehensive guide Provides real-life case studies with practical insight into the management of information risk and offers a basis for broader discussion among managers and practitioners

Risk Management for Food Allergy Book

Risk Management for Food Allergy


  • Author : Charlotte Madsen
  • Publisher : Academic Press
  • Release Date : 2013-11-13
  • Genre: Technology & Engineering
  • Pages : 330
  • ISBN 10 : 9780123819895

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Risk Management for Food Allergy Excerpt :

Risk Management for Food Allergy is developed by a team of scientists and industry professionals who understand the importance of allergen risk assessment and presents practical, real-world guidance for food manufacturers. With more than 12 million Americans suffering from food allergies and little indication of what is causing that number to continue to grow, food producers, packagers and distributors need to appropriately process, label and deliver their products to ensure the safety of customers with allergic conditions. By identifying risk factors during processing as well as determining appropriate "safe" thresholds of ingredients, the food industry must take increasingly proactive steps to avoid direct or cross-contamination as well as ensuring that their products are appropriately labeled and identified for those at risk. This book covers a range of critical topics in this area, including the epidemiology of food allergy, assessing allergen thresholds and risk, specifics of gluten management and celiac disease, and much more. The practical advice on factory risk management, catering industry practices, allergen detection and measurement and regulatory controls is key for food industry professionals as well as regulators in government and other public bodies. Science-based insights into the potential risks of food allergens Focused section on determining thresholds Practical guidance on food allergen risk management, including case studies

Implementing Enterprise Risk Management Book

Implementing Enterprise Risk Management


  • Author : James Lam
  • Publisher : John Wiley & Sons
  • Release Date : 2017-03-13
  • Genre: Business & Economics
  • Pages : 432
  • ISBN 10 : 9781118235362

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Implementing Enterprise Risk Management Excerpt :

A practical, real-world guide for implementing enterprise risk management (ERM) programs into your organization Enterprise risk management (ERM) is a complex yet critical issue that all companies must deal with in the twenty-first century. Failure to properly manage risk continues to plague corporations around the world. ERM empowers risk professionals to balance risks with rewards and balance people with processes. But to master the numerous aspects of enterprise risk management, you must integrate it into the culture and operations of the business. No one knows this better than risk management expert James Lam, and now, with Implementing Enterprise Risk Management: From Methods to Applications, he distills more than thirty years' worth of experience in the field to give risk professionals a clear understanding of how to implement an enterprise risk management program for every business. Offers valuable insights on solving real-world business problems using ERM Effectively addresses how to develop specific ERM tools Contains a significant number of case studies to help with practical implementation of an ERM program While Enterprise Risk Management: From Incentives to Controls, Second Edition focuses on the "what" of ERM, Implementing Enterprise Risk Management: From Methods to Applications will help you focus on the "how." Together, these two resources can help you meet the enterprise-wide risk management challenge head on—and succeed.