Managing risk in extreme environments : front-line business lessons for corporates and financial institutions

Managing Risk in Extreme Environments takes readers through sophisticated risk management concepts and tools by way of insightful anecdotes and authoritative case studies. Offering an informative discourse on how risk management works in extreme situations, it gives readers an assessment of risk management strategies which is quite different from the highly abstract and mathematical versions practiced by businesses around the world every day. Duncan Martin discusses risk management across nine extreme environments, from epidemics to nuclear meltdown, featuring international interviews with front-line personnel. The final chapters outline the author's "seven laws" of extreme risk management, drawing out the implications for risk management in general and suggesting ways to transfer these lessons into the less extreme operational environments more applicable to other companies. "Managing Risk in Extreme Environments offers an informative and gripping account of how risk management works in extreme situations." "The author presents nine case studies of risk management strategies and practices in extreme environments : novel epidemics, wildfires, terrorism, extreme humanitarian aid, mountain rescue, nuclear reactors, extractive industries, floods and earthquakes. These authoritative case studies provide a detailed assessment of the similarities and differences between these environments, and also a comparison with risk management in corporates and financial institutions." "The author uses these powerful examples to identify seven "laws" of extreme risk management. In doing so, he illustrates the implications for risk management in general, and shows how such lessons can be applied effectively in less extreme operational environments within the business and banking sectors."--Memento "Managing Risk in Extreme Environments offers an informative and gripping account of how risk management works in extreme situations." "The author presents nine case studies of risk management strategies and practices in extreme environments: novel epidemics, wildfires, terrorism, extreme humanitarian aid, mountain rescue, nuclear reactors, extractive industries, floods and earthquakes. These authoritative case studies provide a detailed assessment of the similarities and differences between these environments, and also a comparison with risk management in corporates and financial institutions." "The author uses these powerful examples to identify seven "laws" of extreme risk management. In doing so, he illustrates the implications for risk management in general, and shows how such lessons can be applied effectively in less extreme operational environments within the business and banking sectors."--Jacket

when It Really Is A Matter Of Life And Death, How Do Risk Management Strategies Stand Up To The Pressure?  And Do These Radical Situations Have A Practical Relevance For Risk Management Policies In Today’s Business And Financial Worlds?

 

managing Risk In Extreme Environments Looks At Real-life Examples And Case Studies In Order To Extract Risk Management Practices That Have Been Tested In Adverse Conditions And Shown To Succeed.  Duncan Martin Interviews Experts Who Have First-hand Experience Managing Crises We Know Well: The Sars Outbreak, The Flooding Of New Orleans, Insurgent Attacks In Iraq, The Nuclear Reactor Explosion In Chernobyl.  distilling Risk Management Lessons From These And Other Emergencies, He Shows How These Lessons Can Be Transferred To The Less Extreme Operational Environments In Which Most Of Us Work.

When it really is a matter of life and death, how do risk management strategies stand up to the pressure? Do such radical situations have a practical relevance to risk management policies in today's business and financial worlds? Managing Risk in Extreme Environments looks at real-life examples - from epidemics to earthquakes - to showcase risk management strategies which have been tested in adverse conditions and shown to succeed. The author then demonstrates how the lessons learnt from each can be effectively applied in business. Including first-hand interviews, and a summary of core risk management concepts, this is essential reading for all risk management professionals and business managers. Risk management is discussed across nine extreme environments, from epidemics to nuclear meltdowns, featuring international interviews with front-line personnel The final chapters outline the author's 'seven laws' of extreme risk management This book uses examples of managing risk in extreme environments to highlight the key principles of risk management which can be applied in a corporate setting.