Probability for Risk Management. Donald G. Stewart, Matthew J. Hassett
ISBN: 156698548X,9781566985482 | 450 pages | 12 Mb
Probability for Risk Management Donald G. Stewart, Matthew J. Hassett
Publisher: ACTEX Publications
Internal risk management is about disaster aversion. There's a big difference there, and people often . Kerzner (2009:743) defines risk as “a measure of the probability and consequence of not achieving a defined project goal” and suggests that risk management must judge both the probability and the consequence as significant to be efficient. Dominant institutional approaches to disaster risk management rely heavily on 'probability' or 'expert' assessments of the likely type, extent and frequency of negative impacts. External risk management is strictly about the relative size of your bet. Need to rethink the nature and management of financial risks? Percentage of serious/disabling injuries on fires. Note that when I say above “basic approaches to Information Risk/Security Management” I'm using the word “management” in its strictest sense — the management of a Risk program, not management of security devices. The right framework means that if there is a difference of opinions about the probability of loss — Risk Management's conclusions are defensible. External risk management is about the probability of loss.
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