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Managing Risk in Extreme Environments Front-Line Business Lessons for Corporates and Financial Institutions

ISBN-10: 0749449454

ISBN-13: 9780749449452

Edition: 2008

Authors: Duncan Martin

List price: $60.00
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Description:

Managing Risk in Extreme Environments takes readers through sophisticated risk management concepts and tools by way of insightful anecdotes and authoritative case studies. Offering an informative discourse on how risk management works in extreme situations, it gives readers an assessment of risk management strategies which is quite different from the highly abstract and mathematical versions practiced by businesses around the world every day. Duncan Martin discusses risk management across nine extreme environments, from epidemics to nuclear meltdown, featuring international interviews with front-line personnel. The final chapters outline the author's "seven laws" of extreme risk management, drawing out the implications for risk management in general and suggesting ways to transfer these lessons into the less extreme operational environments more applicable to other companies.
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Book details

List price: $60.00
Copyright year: 2008
Publisher: Kogan Page, Limited
Publication date: 1/1/2008
Binding: Hardcover
Pages: 192
Size: 6.50" wide x 9.50" long x 1.00" tall
Weight: 1.034
Language: English

Duncan Martin was educated at Cambridge, UK, and at the University of Pennsylvania. He has worked in over a dozen countries and speaks five languages. He was a consultant at Booz Allen & Hamilton and Oliver Wyman & Company, and Director of Strategic Risk at DrKW. He presently works in risk management at RBS Wholesale.

Preface: One winter's day in Kabul
Acknowledgements
Introduction
Case Studies
Epidemic
Outbreak
An implicit risk appetite
Threat level increasing
Application to business
Wildfire
Natural fire loads
Fire season planning
Controlled burns
Fighting fires
Smokejumping
Summary
Application to business
Terrorism
Iraq
The military
Risk seeking
Government response
Intervention upstream
Application to business
Extreme humanitarian aid
No accident
Logistics
MSF leaves Afghanistan
Demining
Application to business
Mountain
Avalanche
Freedom to die
No holiday allowance
Application to business
Meltdown
Liquidation
An impossibility
As low as reasonably practicable
Safety culture
War
Hubris and humility
Application to business
Extraction
Gas fire
Aceh
Zero casualties
Repair diving
Legislation and safety culture
Application to business
Flood
A 1 in 100 year storm?
Flood protection
Models in the community
Limiting development in flood plains
Rising waters
Summary
Application to business
Earthquake
Disaster in Bam
Coordination problems
Strong structures, rapid response
Contingency planning and SEMS
Summary
Application to business
Themes
Managing risk in extreme environments
Think, plan, do
Epidemic
Wildfire
Terrorism
Extreme humanitarian aid
Mountain
Meltdown
Extraction
Flood
Earthquake
So what?
Lessons for the risk management process
From rethinking to replanning
Models
Contingency planning
Specific lessons
The seven laws of extreme risk management
Death focuses the mind
Honesty matters
Reality beats simulation
Standards drive success
Beware unintended consequences
Stuff happens
Risk managers need a loud voice and a thick skin
'Best of' resources
Index