| |||||||||||||||
 Trade In this Item for up to £6.80
Get an extra £5 when you trade in books worth £10 or more until June 30, 2012. Trade in Understanding and Managing Risk Attitude for an Amazon.co.uk gift card of up to £6.80, which you can then spend on millions of items across the site. Trade-in values may vary (terms apply). Find more products eligible for trade-in.
|
Frequently Bought Together
Product details
|
More About the Author
Product Description
Product Description
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.
From the Author
Risk matters, as it represents significant uncertainty that can affect achievement of our objectives. That’s why risk management is so important. People also matter, since projects aren’t performed by machines. How individuals and groups behave is a major Critical Success Factor for all aspects of managing projects – including risk management.
Risk process effectiveness is strongly influenced by the risk attitudes of the people involved. Although everyone agrees that risk attitudes are important, diagnosis is not the same as treatment. This book offers a practical guide to both understanding and managing risk attitude. It first describes the risk attitude spectrum and what influences the position people adopt. This is followed by an introduction to emotional literacy, which is well recognised as a framework for understanding how and why people behave. Finally the book applies the insights from emotional literacy to the challenge of managing risk attitudes, giving practical guidance on how to adopt the appropriate risk attitude for any particular situation.
The authors believe that combining their twin passions for understanding risk and understanding people has produced something uniquely useful which will make a major contribution to project and business success --This text refers to an out of print or unavailable edition of this title.
Inside This Book
(Learn More)
First Sentence
The Danish Nobel Prize-winning physicist Niels Bohr (1885-1962) rightly said that 'Prediction is very difficult, especially about the future.' Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
The Danish Nobel Prize-winning physicist Niels Bohr (1885-1962) rightly said that 'Prediction is very difficult, especially about the future.' Read the first page
Explore More
Concordance
Browse Sample PagesConcordance
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Tags Customers Associate with This Product(What's this?)Click on a tag to find related items, discussions, and people.
|
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
Customer Reviews
Most Helpful Customer Reviews
4 of 4 people found the following review helpful
For all Risk managers grapping for the last stage of the risk management maturity model.
19 Sep 2010
Format:Paperback
This is surely the most challenging part of the risk management process. As a seasoned Risk Manager on multi billion dollar projects, I think this is the best reference on managing risk attitude - the part that makes the process objective and thus more valuable. It is thorough, enjoyable and leads the readers to reflect on their own emotions and attitudes in this context. I found it inspiring.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
1 review
2 of 2 people found the following review helpful
must read in project risk management
10 Jan 2008
Format:Paperback
In recent years bookshelves (and readers) have groaned under the weight of multiple books on project risk management. It is no easy task to write a book, which is both better than its predecessors and genuinely novel. In both tasks David Hillson and Ruth Murray-Webster has succeeded admirably: this book deserves to become the leader in its field.
I have read many books on psychology and project management. In most cases, they are hard to read: it is difficult to grasp essentials where you overwhelmed with new terminology and research methods. David Hillson and Ruth Murray-Webster have a clear understanding of their principal audience - practicing project managers and write accordingly. Their book avoids overly complex theoretical discussions: the author always has an eye on what a project manager really needs to know.
The authors initially discuss risks and risk attitudes. Essentially risk attitude is a psychological phenomenon. Then the author focuses on two main aspects related to risk attitude. First, how people use psychological heuristics or mental shortcuts when they make choices or assess risks, then the authors discuss the emotional aspects of risk attitude. Understanding and Managing Risk Attitudes is the first book that I have encountered that has detailed discussion on emotional literacy for individuals and groups. The discussion about group risk attitudes, particularly groupthink, is especially valuable: we often do not realize that group risk attitudes can be quite different from that of individuals.
Those with project risk management experience are likely to find a good deal of new and worthwhile information in this book. If you are new to project risk management or just looking to refresh your knowledge of the latest thinking in this field, you should definitely read this book.
Lev Virine, author of Project Decisions: The Art and Science
I have read many books on psychology and project management. In most cases, they are hard to read: it is difficult to grasp essentials where you overwhelmed with new terminology and research methods. David Hillson and Ruth Murray-Webster have a clear understanding of their principal audience - practicing project managers and write accordingly. Their book avoids overly complex theoretical discussions: the author always has an eye on what a project manager really needs to know.
The authors initially discuss risks and risk attitudes. Essentially risk attitude is a psychological phenomenon. Then the author focuses on two main aspects related to risk attitude. First, how people use psychological heuristics or mental shortcuts when they make choices or assess risks, then the authors discuss the emotional aspects of risk attitude. Understanding and Managing Risk Attitudes is the first book that I have encountered that has detailed discussion on emotional literacy for individuals and groups. The discussion about group risk attitudes, particularly groupthink, is especially valuable: we often do not realize that group risk attitudes can be quite different from that of individuals.
Those with project risk management experience are likely to find a good deal of new and worthwhile information in this book. If you are new to project risk management or just looking to refresh your knowledge of the latest thinking in this field, you should definitely read this book.
Lev Virine, author of Project Decisions: The Art and Science
Was this review helpful?
Let us know
Listmania!
Look for similar items by category
- Books > Business, Finance & Law > Economics
- Books > Business, Finance & Law > Management > Budgeting & Finance
- Books > Business, Finance & Law > Management > Management Skills > Decision Making
- Books > Business, Finance & Law > Professional Finance > Budgeting
- Books > Business, Finance & Law > Professional Finance > Insurance > Risk Management
- Books > Business, Finance & Law > Professional Finance > Risk Management
Look for similar items by subject
Feedback
- Would you like to update product info or give feedback on images?
- I am the Author, and I want to comment on my book.
- I am the Publisher, and I want to comment on this book.
|
