A01=David Hillson
A01=Ruth Murray-Webster
attitude
Author_David Hillson
Author_Ruth Murray-Webster
Business Case
capacity
Category=KJMV1
Category=KJR
Company's Risk Appetite
Company’s Risk Appetite
COSO's Enterprise Risk Management
COSO’s Enterprise Risk Management
culture
decision analysis
Defines Risk Appetite
enterprise risk management
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
IBM Report
IBM Survey
Informed Scenario
King Iii
model
Organisation's Risk Appetite
organisational
organisational behaviour
Organisational Risk Culture
Organisation’s Risk Appetite
practical risk threshold setting
propensity
rara
Residual Risk
Residual Risk Exposure
Risk Appetite
Risk Attitude
Risk Capacity
Risk Culture
risk decision frameworks
Risk Informed Decision Making
Risk Perception
Risk Preference
Risk Preferences
Risk Propensity
Risk Thresholds
Risk Tolerance
scenario planning
Set Risk Thresholds
stakeholder preferences
strand
thresholds
triple
Triple Strand
Product details
- ISBN 9781409440949
- Weight: 310g
- Dimensions: 138 x 216mm
- Publication Date: 28 Nov 2012
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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How much risk should we take? A Short Guide to Risk Appetite sets out to help all those who need to decide how much risk can be taken in a particular risky and important situation. David Hillson and Ruth Murray-Webster introduce the RARA Model to explain the complementary and central roles of Risk Appetite and Risk Attitude, and along the way they show how other risk-related concepts fit in. Risk thresholds are the external expression of inherent risk appetite, and the challenge is how to set the right thresholds. By progressively deconstructing the RARA Model, the authors show that the essential control step is our ability to choose an appropriate risk attitude. The book contains practical guidance to setting risk thresholds that take proper account of the influences of organisational risk culture and the individual risk preferences of key stakeholders. Alongside this, individuals and organisations need to choose the risk attitude that will optimise their chances of achieving the desired objectives.
David Hillson is a recognised global authority on risk management, with a reputation and track record of blending leading-edge thinking with practical expert application. David is a frequent author and speaker on risk.
