Principles of Risk-Based Decision Making

In c. ABS Consulting

doi:10.5771/9781461624912

Summary

Principles of Risk-Based Decision Making provides managers with the foundation for creating a proactive organizational culture that systematically incorporates risk into key decision-making processes. Based on methodology adopted by a number of organizations including the federal government, this book examines risk-based decision making as a process for organizing information about the possibility for unwanted outcomes in a simple, practical way that helps decision makers make timely, informed management choices that minimize harmful effects on safety and health, the environment, property loss, or mission success.

Citing practical examples, charts, and checklists, the authors break the risk-based decision making process into five key components: establishing the decision structure, performing the risk assessment, managing sufficient risks, monitoring effectiveness of adopted risk controls through impact assessment, and facilitating risk communication. They examine each component in detail and outline available decision analysis and risk assessment tools that aid in each of these risk-based decision making functions.

This book also walks readers through eight project management steps—from scoping a risk assessment to evaluating the recommendations—the components of each, and the importance of these steps to the success of a risk assessment.

Special features include a table for applying the risk-based decision-making process, a hazard identification guidesheet, an example of human error, an acronym list, and a glossary.

Search publication

Bibliographic data

Copyright year: 2002
ISBN-Print: 978-0-86587-908-9
ISBN-Online: 978-1-4616-2491-2
Publisher: Government Institutes, Lanham
Language: English
Pages: 216
Product type: Book Titles

1. Table of Contents No access
2. Acknowledgments No access
1. 1.0: Definition of Risk-Based Decision Making No access
2. 2.0: Do You Need Risk-Based Decision Making? No access
3. 3.0: The Risk-Based Decision Making Process No access
4. 4.0: Dealing with Information Precision, Uncertainty, and Resource Needs No access
5. 5.0: Barriers to Risk-Based Decision Making No access
1. 1.0: Loss Prevention Basics No access
2. 2.0: Events Producing Casualties No access
3. 3.0: What is Human Error? No access
4. 4.0: Introduction to Root Causes No access
1. 1.0: Characterizing Risk No access
2. 2.0: Introduction to Risk Assessment Methods No access
1. 1.0: Risk Goals No access
2. 2.0: Factors Affecting Risk Acceptance No access
3. 3.0: Issues of Acceptable Risk No access
4. 4.0: Risk Management Categories No access
5. 5.0: Accident Prevention Options No access
1. 1.0: Definition of Risk Communication No access
2. 2.0: Risk Communication in the Risk-Based Decision Making Process No access
3. 3.0: Risk Communication Cycle No access
4. 4.0: Successful Risk Communication No access
5. 5.0: Developing Key Messages No access
6. 6.0: Dealing with an Angry Public No access
7. 7.0: Working with the Media No access
1. 1.0: Commonly used Risk Assessment Tools No access
2. 2.0: Summary of Pareto Analysis No access
3. 3.0: Summary of Checklist Analysis No access
4. 4.0: Summary of Relative Ranking/Risk Indexing No access
5. 5.0: Summary of Preliminary Risk Analysis No access
6. 6.0: Summary of Change Analysis No access
7. 7.0: Summary of What-If Analysis No access
8. 8.0: Summary of Failure Modes and Effects Analysis (FMEA) No access
9. 9.0: Summary of Hazard and Operability (HAZOP) Analysis No access
10. 10.0: Summary of Fault Tree Analysis No access
11. 11.0: Summary of Event Tree Analysis No access
12. 12.0: Summary of Event and Causal Factor Charting No access
13. 13.0: Summary of Preliminary Hazard Analysis No access
14. 14.0: Overview of Influence Diagraming No access
1. 1.0: Summary of Decision Analysis Tools No access
2. 2.0: Choosing Decision Analysis Tools No access
3. 3.0: Summary of Voting Methods No access
4. 4.0: Summary of Weighted Scoring Methods No access
5. 5.0: Summary of Decision Trees No access
6. 6.0: Other Decision Analysis Tools No access
1. 1.0: Scoping a Risk Assessment No access
2. 2.0: Identifying Stakeholders and the Risk Assessment Team No access
3. 3.0: Preparing a Risk Assessment No access
4. 4.0: Facilitating the Risk Assessment Meetings No access
5. 5.0: Documenting the Risk Assessment Meetings No access
6. 6.0: Writing the Risk Assessment Report No access
7. 7.0: Validating the Risk Assessment with Available Data No access
8. 8.0: Evaluating the Recommendations No access
9. 9.0: Reviewing a Risk Assessment No access
Appendix A: Table for Applying the Risk-Based Decision Making Process No access Pages 181 - 184
Appendix B: Hazard Identification Guidesheet No access Pages 185 - 196
Appendix C: Human Error: A Marine Safety Example No access Pages 197 - 206
Appendix D: Acronym List and Glossary of Terms No access Pages 207 - 216