Principles of Risk Based Decision Making

This book also walks readers through eight project management steps—from scoping a risk assessment to evaluating the recommendations—the components of each, and the importance of these steps to the success of a risk assessment.

Principles of Risk Based Decision Making

Principles of Risk-Based Decision Making provides managers with the foundation for creating a proactive organizational culture that systematically incorporates risk into key decision-making processes. Based on methodology adopted by a number of organizations including the federal government, this book examines risk-based decision making as a process for organizing information about the possibility for unwanted outcomes in a simple, practical way that helps decision makers make timely, informed management choices that minimize harmful effects on safety and health, the environment, property loss, or mission success. Citing practical examples, charts, and checklists, the authors break the risk-based decision making process into five key components: establishing the decision structure, performing the risk assessment, managing sufficient risks, monitoring effectiveness of adopted risk controls through impact assessment, and facilitating risk communication. They examine each component in detail and outline available decision analysis and risk assessment tools that aid in each of these risk-based decision making functions. This book also walks readers through eight project management steps—from scoping a risk assessment to evaluating the recommendations—the components of each, and the importance of these steps to the success of a risk assessment. Special features include a table for applying the risk-based decision-making process, a hazard identification guidesheet, an example of human error, an acronym list, and a glossary.

More Books:

Principles of Risk-Based Decision Making
Language: en
Pages: 213
Authors: ABS Consulting
Categories: Business & Economics
Type: BOOK - Published: 2002-02-01 - Publisher: Government Institutes

Principles of Risk-Based Decision Making provides managers with the foundation for creating a proactive organizational culture that systematically incorporates risk into key decision-making processes. Based on methodology adopted by a number of organizations including the federal government, this book examines risk-based decision making as a process for organizing information about
Safety, Reliability, Risk and Life-Cycle Performance of Structures and Infrastructures
Language: en
Pages: 1112
Authors: George Deodatis, Bruce R. Ellingwood, Dan M. Frangopol
Categories: Technology & Engineering
Type: BOOK - Published: 2014-02-10 - Publisher: CRC Press

Safety, Reliability, Risk and Life-Cycle Performance of Structures and Infrastructures contains the plenary lectures and papers presented at the 11th International Conference on STRUCTURAL SAFETY AND RELIABILITY (ICOSSAR2013, New York, NY, USA, 16-20 June 2013), and covers major aspects of safety, reliability, risk and life-cycle performance of str
Principles of Risk Analysis
Language: en
Pages: 816
Authors: Charles Yoe
Categories: Technology & Engineering
Type: BOOK - Published: 2019-02-21 - Publisher: CRC Press

The field of risk science continues to expand and grow and the second edition of Principles of Risk Analysis: Decision Making Under Uncertainty responds to several significant changes in the market. The changes identified will be addressed through the addition of several new chapters. The language will be updated throughout
Methods in Chemical Process Safety
Language: en
Pages: 454
Authors: Charles Yoe
Categories: Technology & Engineering
Type: BOOK - Published: 2020-06-26 - Publisher: Academic Press

Methods in Chemical Process Safety, Volume Four focuses on the process of learning from experience, including elements of process safety management, human factors in the chemical process industries, and the regulation of chemical process safety, including current approaches. Users will find this book to be an informative tool and user
Applied Uncertainty Analysis for Flood Risk Management
Language: en
Pages: 684
Authors: Keith Beven, Jim Hall
Categories: Technology & Engineering
Type: BOOK - Published: 2014-01-13 - Publisher: World Scientific

This volume provides an introduction for flood risk management practitioners, up-to-date methods for analysis of uncertainty and its use in risk-based decision making. It addresses decision making for both short-term (real-time forecasting) and long-term (flood risk planning under change) situations. It aims primarily at technical practitioners involved in flood risk