Item description for Modern Corporate Risk Management: A Blueprint for Positive Change and Effectiveness by Glenn Koller...
Written by a leading risk management expert and sought-after keynote speaker, Modern Corporate Risk Management offers forward-thinking, real-world practical solutions to the many technical, organizational, cultural, political and change management problems that are barriers to implementing effective corporate risk management or portfolio management processes. It provides practical instruction, examples and expert advice on how to successfully implement these solutions, which can be deployed at all corporate levels in any segment of a modern company and in most any industry. This book is an essential guide for executives and anyone with responsibility for managing enterprise, program or project risk.
KEY FEATURES - Presents practical expert advice and examples of real-world risk-related solutions relevant to senior executives and those in services, logistics, engineering, sales, marketing, legal, finance, R&D, information technology and other corporate departments - Addresses both technical and human behavior risk-related problems that can be significant sources of value destruction, costly inefficiencies, lost opportunities, project failures, inaccurate corporate projections and drains to the bottom line - Delineates techniques for using probabilistic and stochastic methods to generate more realistic project value estimates and budgets, and for making optimal financial decisions at all corporate levels - Offers a free downloadable slide presentation with instructions and examples on how to use expected value of success (EVS) and expected value for the portfolio (EVP) metrics to more effectively manage project portfolios, and a valuable white paper on uncertainty available from the Web Added Value Download Resource Center at www.jrosspub.com
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Est. Packaging Dimensions: Length: 9.1" Width: 6.1" Height: 0.9" Weight: 1.05 lbs.
Release Date Mar 1, 2007
Publisher J. Ross Publishing
ISBN 1932159525 ISBN13 9781932159523
Reviews - What do customers think about Modern Corporate Risk Management: A Blueprint for Positive Change and Effectiveness?
Mastering the technical aspects of probabilistic methods is only half the battle. May 21, 2007
In his previous works Koller introduces risk analysis and probabilistic methodologies with unparalleled clarity. Glenn is a master of describing highly technical material in a conversational, approachable fashion. In Modern Corporate Risk Management: A Blueprint for Positive Change and Effectiveness he shifts his focus from technical execution to organizational adoption.
Anyone who has championed the probabilistic view of risk analysis within an organization can attest to the various barriers and challenges in institutionalizing these methods, even with an apparently welcoming audience. In his new volume, Koller addresses the complexities of organizational behavior in the context of implementing probabilistic risk analysis and management methods. He astutely describes the "ripple effect" that proliferation of such methods has on every aspect of the corporation adopting such practices, and provides practical strategies for identifying, understanding and overcoming organizational impedances to realizing the significant value probabilistic methods offer.
The most sophisticated analyses and decision support tools are useless unless those in a position to leverage them have a clear understanding of results. Koller's text goes a long way toward facilitating this understanding among readers at all levels of the organization. For those of us in a position of having to communicate results in a fashion that makes them understandable and actionable by decision support consumers, "Modern Corporate Risk Management: A Blueprint for Positive Change and Effectiveness" is an excellent guide for more effectively achieving this aim.
This book is a must-read for any practitioner or champion of probabilistic methods within the modern corporate environment.
Sophisticated common sense about risk management Apr 4, 2007
There is awful lot of advice available on risk management for the modern company. There is precious little advice offered by anyone who has actually been there and done it in a variety of corporate settings, and it is this experience that makes Glenn Koller's work so distinctive. Like his previous books, this volume reeks of solid knowledge gained the hard way -- by grinding out risk projects, often in the face of quite unwilling collaborators. Koller makes it amply clear that getting a risk assessment and management culture in place is non-trivial and that some of the biggest barriers are not technical ones, but rather stem from the ingrained cultures within firms. He rightly singles out the reward system as the principle villain, and throughout the book there are examples of how this can distort decision making and encourage poor or no analysis of the real risks being run. Koller has an engineer's ease with technical tools and is thoroughly comfortable with a project-oriented approach to managing risk, no doubt reflecting his background in the energy industry. But what he has to say about risk management is broadly applicable to companies in general. Inevitably there is some overlap with his previous books, but this is not much more than a refresher and introduction to his ideas. The meat of this book is its analysis of the bugs, with their associated symptoms, that get in the way of doing risk management well. It is not always an easy read, and Koller has to walk a fine line between being accessible to the interested but non-expert reader while also satisfying the technicians -- he just about pulls it off, thanks to a chatty, relaxed style that suggests he is also good at addressing people directly on this material. Indeed, he strongly makes the point that the ability to see and understand what makes people tick inside organisations is as vital to risk management as even the fanciest analytical tool. Highly recommended for anyone with a professional interest in risk management in a corporate setting. It would be a shame, however, if that is the book's only audience.