The Failure of Risk Management (eBook)

An essential guide to the calibrated risk analysis approach

The Failure of Risk Management takes a close look
at misused and misapplied basic analysis methods and shows how some
of the most popular "risk management" methods are no better than
astrology! Using examples from the 2008 credit crisis, natural
disasters, outsourcing to China, engineering disasters, and more,
Hubbard reveals critical flaws in risk management methods-and
shows how all of these problems can be fixed. The solutions involve
combinations of scientifically proven and frequently used methods
from nuclear power, exploratory oil, and other areas of business
and government. Finally, Hubbard explains how new forms of
collaboration across all industries and government can improve risk
management in every field.

Douglas W. Hubbard (Glen Ellyn, IL) is the inventor of
Applied Information Economics (AIE) and the author of Wiley's
How to Measure Anything: Finding the Value of Intangibles in
Business (978-0-470-11012-6), the #1 bestseller in business
math on Amazon. He has applied innovative risk assessment and risk
management methods in government and corporations since 1994.

"Doug Hubbard, a recognized expert among experts in the field of
risk management, covers the entire spectrum of risk management in
this invaluable guide. There are specific value-added take aways in
each chapter that are sure to enrich all readers including IT,
business management, students, and academics alike"

--Peter Julian, former chief-information officer of the
New York Metro Transit Authority. President of Alliance Group
consulting

"In his trademark style, Doug asks the tough questions on risk
management. A must-read not only for analysts, but also for the
executive who is making critical business decisions."

--Jim Franklin, VP Enterprise Performance Management
and General Manager, Crystal Ball Global Business Unit, Oracle
Corporation.