Risk Assessment and Decision Making in Business and Industry - 9780367393151

CRC Press

Risk Assessment and Decision-Making in Business and Industry: A Practical Guide, Second Edition addresses the many aspects of risk/uncertainty process implementation. It covers four broad aspects of R/U: general concepts; implementation processes; technical aspects; and examples of application. Each section provides practical guidance, combining technical information with advice on how to implement R/U techniques and processes in real-world corporate environments. The book describes the two main probabilistic measures of project value: Expected Value of Success and the Expected Value for the Portfolio. The text clearly demonstrates how these metrics are used in individual-project and portfolio management. > \nBuilding upon the technical and organizational groundwork presented in the first edition, Risk Assessment and Decision Making in Business and Industry: A Practical Guide, Second Edition addresses the many aspects of risk/uncertainty (R/U) process implementation. \n\nThis comp.