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The Failure of Risk Management: Why It's Broken and How to Fix It

Douglas W. Hubbard




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 | #246796 in eBooks |  2009-04-06 |  2009-04-06 | File type: PDF

||1 of 1 people found the following review helpful.| Problems shown in a risky topic.|By Felix Hathaway|A thorough assessment of current risk assessment methods and their shortcomings. Hubbard takes the reader through some historic events that showcase shortcomings in different fields in regards to risk management. Rooting his points in both case studies and citations to a multitude of other research, Hubbard provides reasoning f| |"…shows how to identify and fix hidden problems in risk management. He uses real world examples to reveal serious problems in common quantitative and qualitiative approaches to risk analysis." (Book News, August 2009)|

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 a...

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