E-Book Overview
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.
E-Book Content
Nature release Understanding and Managing Risk Attitude Managers looking to move to higher levels of risk management maturity in their organisations willfind much insight andguidance in this innovative book. Prof Graham M. Winch, Centre for Research in the Management of Projects, Manchester Business School 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 ... and creates a road map to change risk attitude ifit is both necessary and desirable. Carl West, OperationsAuditor, British Waterways This book highlightshow riskattitude factors influence the human psyche,and carefully explains the impacts. Organisations seeking to dramatically improve the effectivenessof their risk management process will want to use this book's insights. Craig Peterson,President, PMI Risk ManagementSIG This book has prompted me to think more deeplyas a change director. JonBassett, Director of Implementation,AXA Life UK Understanding and Managing Risk Attitude DAVID HILLSON and RUTH MURRAY-WEBSTER GOWER O David Hillson and Ruth Murray-Webster2005 AU rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without the prior permission of the publisher. Published by Gower Publishing Limited Gower House Croft Road Aldershot Hants G u l l 3HR England Gower Publishing Company Suite 420 101 Cherry Street Burlington, VT 05401-4405 USA David Hillson and Ruth Murray-Webster have asserted their right under the Copyright, Designs and Patents Act 1988 to be identified as the authors of this work. British Lib