05629nam 2200721 450 991013158330332120230912162715.01-118-90404-41-118-90403-61-118-90402-8(CKB)3710000000458805(EBL)1895728(SSID)ssj0001530310(PQKBManifestationID)12572625(PQKBTitleCode)TC0001530310(PQKBWorkID)11529807(PQKB)10453654(PQKBManifestationID)16037802(PQKB)24986733(DLC) 2015021538(Au-PeEL)EBL4039705(CaPaEBR)ebr11113166(CaONFJC)MIL824826(OCoLC)928632164(CaSebORM)9781118904053(MiAaPQ)EBC4039705(MiAaPQ)EBC1895728(EXLCZ)99371000000045880520151109h20152015 uy 0engur|||||||||||txtccrBusiness risk and simulation modelling in practice using Excel, VBA and @RISK /Michael Rees1st editionChichester, England :Wiley,2015.©20151 online resource (467 p.)Wiley Finance SeriesIncludes index.1-118-90405-2 Business Risk and Simulation Modelling in Practice; Contents; Preface; About the Author; About the Website; PART I An Introduction to Risk Assessment - Its Uses, Processes, Approaches, Benefits and Challenges; 1 The Context and Uses of Risk Assessment; 1.1 Risk Assessment Examples; 1.1.1 Everyday Examples of Risk Management; 1.1.2 Prominent Risk Management Failures; 1.2 General Challenges in Decision-Making Processes; 1.2.1 Balancing Intuition with Rationality; 1.2.2 The Presence of Biases; 1.3 Key Drivers of the Need for Formalised Risk Assessment in Business Contexts; 1.3.1 Complexity1.3.2 Scale 1.3.3 Authority and Responsibility to Identify and Execute Risk-Response Measures; 1.3.4 Corporate Governance Guidelines; 1.3.5 General Organisational Effectiveness and the Creation of Competitive Advantage; 1.3.6 Quantification Requirements; 1.3.7 Reflecting Risk Tolerances in Decisions and in Business Design; 1.4 The Objectives and Uses of General Risk Assessment; 1.4.1 Adapt and Improve the Design and Structure of Plans and Projects; 1.4.2 Achieve Optimal Risk Mitigation within Revised Plans; 1.4.3 Evaluate Projects, Set Targets and Reflect Risk Tolerances in Decision-Making1.4.4 Manage Projects Effectively 1.4.5 Construct, Select and Optimise Business and Project Portfolios; 1.4.6 Support the Creation of Strategic Options and Corporate Planning; 2 Key Stages of the General Risk Assessment Process; 2.1 Overview of the Process Stages; 2.2 Process Iterations; 2.3 Risk Identification; 2.3.1 The Importance of a Robust Risk Identification Step; 2.3.2 Bringing Structure into the Process; 2.3.3 Distinguishing Variability from Decision Risks; 2.3.4 Distinguishing Business Issues from Risks; 2.3.5 Risk Identification in Quantitative Approaches: Additional Considerations2.4 Risk Mapping 2.4.1 Key Objectives; 2.4.2 Challenges; 2.5 Risk Prioritisation and Its Potential Criteria; 2.5.1 Inclusion/Exclusion; 2.5.2 Communications Focus; 2.5.3 Commonality and Comparison; 2.5.4 Modelling Reasons; 2.5.5 General Size of Risks, Their Impact and Likelihood; 2.5.6 Influence: Mitigation and Response Measures, and Management Actions; 2.5.7 Optimising Resource Deployment and Implementation Constraints; 2.6 Risk Response: Mitigation and Exploitation; 2.6.1 Reduction; 2.6.2 Exploitation; 2.6.3 Transfer; 2.6.4 Research and Information Gathering; 2.6.5 Diversification2.7 Project Management and Monitoring 3 Approaches to Risk Assessment and Quantification; 3.1 Informal or Intuitive Approaches; 3.2 Risk Registers without Aggregation; 3.2.1 Qualitative Approaches; 3.2.2 Quantitative Approaches; 3.3 Risk Register with Aggregation (Quantitative); 3.3.1 The Benefits of Aggregation; 3.3.2 Aggregation of Static Values; 3.3.3 Aggregation of Risk-Driven Occurrences and Their Impacts; 3.3.4 Requirements and Differences to Non-Aggregation Approaches; 3.4 Full Risk Modelling; 3.4.1 Quantitative Aggregate Risk Registers as a First Step to Full Models4 Full Integrated Risk Modelling: Decision-Support BenefitsThe complete guide to the principles and practice of risk quantification for business applications. The assessment and quantification of risk provide an indispensable part of robust decision-making; to be effective, many professionals need a firm grasp of both the fundamental concepts and of the tools of the trade. Business Risk and Simulation Modelling in Practice; is a comprehensive, in-depth, and practical guide that aims to help business risk managers, modelling analysts and general management to understand, conduct and use quantitative risk assessment and uncertainty modelling in theWiley finance series.Risk managementComputer simulationRisk managementData processingRisk managementComputer simulation.Risk managementData processing.658.15/50285554Rees Michael1964-876215MiAaPQMiAaPQMiAaPQBOOK9910131583303321Business risk and simulation modelling in practice1956724UNINA