Douglas W. Hubbard
The Failure of Risk Management
explains which risk analysis methods work, which don’t, and how to tell the difference. This book discusses topics relevant to the management of any risk including: Financial Risks, Natural Disasters, Industrial Accidents, Product Safety, Technology Risks, Project Failures, Engineering Disasters, Pandemic Viruses, Computer Security, Frauds, Loss of Reputation, and Litigation.
Using examples from the 2008 credit crisis, natural disasters, outsourcing to China, engineering disasters, and more, the author 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. This book is required reading for managers and practitioners responsible for mitigating risk.