Understanding and Managing Risk Attitude


 

41FoCMrkQhL Despite many years of development, risk management remains problematic for the majority of organisations. 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 organisational 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.
About the Author
Dr David Hillson is an international thought-leader and expert practitioner who consults and writes widely on risk management. David founded The Risk Doctor Partnership in 2003. His ground-breaking work in risk management has been recognised by many awards, including “Risk Personality of the Year” in 2010-11, and honorary fellowships from both the Association for Project Management (APM) and the Project Management Institute (PMI®). David is an active Fellow of the Institute of Risk Management (IRM), and was elected a Fellow of the Royal Society of Arts (RSA) to contribute to its Risk Commission. He is also a Chartered Fellow with the Chartered Management Institute (CMI).
 

Dr Ruth Murray-Webster DBA MBA HonFAPM has more than 25 years’ experience as an organisational change practitioner. She is widely respected as a manager, facilitator and business coach, particularly in the areas of project and programme management and with distinct risk, quality and benefits management specialisms. Ruth was awarded an APM Honorary Fellowship in 2013 for services to risk management. She is a Director of Lucidus Consulting, helping organisations to realise tangible business benefit from investments in change. Ruth’s risk work with David Hillson since 1999 has focused on human aspects: culture, appetite and attitude. Their ground-breaking ideas have been implemented in major public and private sector organisations around the world, and published in their books and papers.

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Genre: Risk Psychology

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