Understanding And Managing Risk Attitude

Assuming a basic knowledge of risk management concepts and processes, Hillson (director, Risk Doctor & Partners) and Murray-Webster (managing partner, Lucidus Consulting) focus on a key human determinant of the success or failure of risk management, risk attitudes held by individual and groups within organizations. They explain how risk attitudes influence risk management and provide advice on countering attitudes that produce negative results with the promotion of "emotional literacy," described as including the ability to identify uncertainties, assess the probability of uncertainty occurring, assess uncertainty's potential impact, and decide how to respond to assessed risks. Distributed in the US by Ashgate. Annotation ©2005 Book News, Inc., Portland, OR (booknews.com)