Despite many years of development, risk management remains problematic for the majority of organizations. One common challenge is the human dimension, in other words, the way people perceive risk and risk management. Risk management processes and techniques are operated by people, each of whom is a complex individual, influenced by many different factors. And the problem is compounded by the fact that most risk management involves people working in groups. This introduces further layers of complexity through relationships and group dynamics. David Hillson's and Ruth Murray-Webster's Understanding and Managing Risk Attitude will help you understand the human aspects of risk management and to manage proactively the influence of human behaviour on the risk process. The authors introduce a range of models, perspectives and examples to define and detail the range of possible risk attitudes; looking both at individuals and groups. Using leading-edge thinking on self-awareness and emotional literacy, they develop a powerful approach to address the most common shortfall in current risk management: the failure to manage the human aspects of the process. All this is presented in a practical and applied framework, rather than as a theoretical or academic treatise, based on the authors' shared experiences and expertise, rather than empirical research. Anyone involved in implementing risk management will benefit from this book, including risk practitioners, senior managers and directors responsible for corporate governance, project managers and their teams. It is also essential reading for HR professionals and others interested in organizational or behavioural psychology. This second edition is updated to strengthen the understanding of individual risk attitudes and reinforce what individuals can do to manage those risk attitudes that are leading them away from their objectives. For people who want to embrace this subject, the book highlights ways forward that are proven and practical.
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Despite many years of development, risk management remains problematic for the majority of organizations. This book helps you understand the human aspects of risk management and to manage proactively the influence of human behaviour on the risk process. It is suitable for those involved in implementing risk management.
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Contents: Foreword; Preface; Part One The Problem: Risk management status quo - efficient but not effective?; The importance of human factors in risk management. Part Two Understanding Risk Attitudes: General principles of risk attitudes; Individual risk attitudes and heuristics; Group risk attitudes and heuristics. Part Three Understanding Emotional Literacy: Emotion - definition and relevance; Emotional literacy for individuals; Emotional literacy for groups. Part Four Implementation Issues: Applying emotional literacy to risk attitudes; Final thoughts and the way ahead; Appendix: Emotional Intelligence/Literacy tools; Bibliography and further reading; Index.
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Reviews of the Second Edition: 'As a way to approach business, the book is well worth a read by managers; whether they seek to manage change in their organization, be a leader getting more from staff, set goals or simply avoid failure. In a couple of words, the keys seem to be optimism and self-awareness.' Professional Security 'It is a serious study of how people handle risk in different scenarios and provides a genuine insight into how people behave in risk situations.' Managing Risk ' Managers looking to move to higher levels of risk management maturity in their organisations will find much insight and guidance in this innovative book.' UKexcellence. Reviews of the First Edition: 'This book provides a pivotal insight into the complexities of human behaviour, psychological influences and subconscious preferences that determine how people initially respond to significant uncertainty. It opens the door to a facet of risk management that is not well understood, namely risk attitudes. It helps us determine whether it is appropriate, and creates a road map to change risk attitude if it is both necessary and desirable.' Carl Anthony West, Operations Auditor, British Waterways 'Organizations and project leaders seeking to dramatically improve the effectiveness of their risk management process will want to incorporate this book's information into their daily activities...' Craig D. Peterson, PMP, President, Project Management Institute, Risk Management Specific Interest Group 'The work will repay the intellectual engagement required of the reader with a shift of paradigm towards people-centred risk management that focuses on preferred or innate "risk attitude" rather than lower level risk management process and tasks.' Pierre Anson-Tsang, Benefits Realisation Consultant, and Mike Buck, Senior Project Manager, PricewaterhouseCoopers 'For many managers, risk management is about choosing the right technique to analyse the risks in the corporate risk register - it is seen as a standardised procedure for avoiding things going wrong. David Hillson has pioneered an approach to risk management that is as much about seeking opportunities as avoiding mistakes. Now he and Ruth Murray-Webster turn to the cultural and psychological aspects of risk management to great effect. They persuasively argue that a mature risk attitude is a vital part of the effective management of risk in business, which can be achieved through the development of high levels of emotional literacy in risk managers and their teams. The argument is extensively supported by clear diagrams and vignettes that aid understanding of important concepts. Managers looking to move to higher levels of risk management maturity in their organisations will, therefore, find much insight and guidance in this innovative book.' Professor Graham M. Winch, Centre for Research in the Management of Projects, Manchester University, UK 'This book has prompted me to think more deeply as a change director about what I am trying to achieve with my overall risk approach, specifically whether and how to tackle environmental factors, and understand better the behaviours that create them.' Jon Bassett, Director of Implementation, AXA Life UK 'Anyone involved in implementing risk management will benefit from this book, including risk practitioners, senior managers and directors responsible for corporate governance, project managers and their teams...also essential reading for HR professionals.' Educational Book Review 'This concise and very readable book looks at the question of risk from a refreshingly different viewpoint...absolutely essential reading for anyone tasked with the management of risk or interested in the various and complex issues surrounding the subject.' Quality World, September 2005 '...aims to help the reader understand the human aspects of risk management and mange the influence of human behaviour on the risk process. And after looking at issues such as emotional intelligence/literacy and its relationship to risk attitude, the authors suggest that readers might be in a good position to apply the guidance to their personal lives too.' Supply Management, June 2006 'This is an outstanding and inspiring book for all who are initially interested, or deeply involved, in the study and practice of risk understanding and effective management. It is hard to put down and easy to re-read and discover further questions and answers.' - The RoSPA Occupational Safety & Health Journal
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Produktdetaljer

ISBN
9780566087981
Publisert
2007-03-23
Utgave
2. utgave
Utgiver
Vendor
Gower Publishing Ltd
Vekt
453 gr
Høyde
246 mm
Bredde
174 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
208

Forfatter

Biographical note

Dr David Hillson is an international risk management consultant, and Director of Risk Doctor & Partners (www.risk-doctor.com). He is a popular conference speaker and award-winning author on risk and is recognised internationally as a leading thinker and practitioner in the risk field. David was a founder member of the Risk Management Specific Interest Group for the Project Management Institute (PMI). He has received the PMI Distinguished Contribution Award for his work in developing risk management over many years. David is also a Fellow of both the UK Association for Project Management (APM) and the UK Institute of Risk Management (IRM). Ruth Murray-Webster MBA is an organizational change consultant, and Managing Partner with Lucidus Consulting (www.lucidusconsulting.com). Her professional interests and experience centre on the competencies required for individuals to manage change and the culture of organizations as they seek to improve and advance. Ruth has active associations with both the UK Association for Project Management (APM) and the global Project Management Institute (PMI) and is also a member of both the Institute of Quality Assurance and Chartered Institute of Personnel and Development.