Description
The key lessons involve basing risk estimates and prevention techniques on known quantities rather than subjective estimates, which many popular ERM methodologies consist of.
- Shows readers how to look at real results and actual business processes to get to the root cause of key risks
- Explains how to manage risks based on an understanding of the problem rather than best guess estimates
- Emphasizes a focus on potential outcomes from existing processes, as well as a look at actual outcomes over time
Throughout, practical examples are included from various healthcare, manufacturing, and retail industries that demonstrate key concepts, implementation guidance to get started, as well as tables of risk indicators and metrics,
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