Proactive Risk Management – Controlling Uncertainty in Product Development

Score: 6/10 Type: Book Overview: Despite the long title, it is not entirely accurate. There is very little about proactivity and uncertainty in this book and the use of "product development" is too specific. This book is a beginner's introduction to risk management and focusses almost entirely on the risk management in projects. Perhaps a more appropriate title would [...]

Physical Asset Management

Score: 6/10 Type: Book Overview: The simple title of this book might be creating too much expectation, it would have been better to add a subtitle to clarify what the book is about and what it intends. Hastings focusses primarily on the policy, strategy and plan portion of PAS 55, as well as cost- and life-cycle management. He also [...]

Life-Cycle Costing: Using Activity-Based Costing and Monte Carlo Methods to Manage Future Costs and Risks

Score: 7/10 Type: Book Overview: This book is perhaps a bit ahead of its time with the life cycle costing methodology explained therein. Activity Based Costing (ABC) is still relatively scarce in the academic literature in 2014, and ABC with uncertainty even more scarce. This book provides the tools and three major case studies to [...]

The Failure of Risk Management: Why It’s Broken and How to Fix It

Score: 9/10 Type: Book Overview: The title of the book is slightly misleading, it should rather say "the failure of risk analysis". Hubbard shows emphatically why qualitative risk analysis methods are hardly better than snake-oil, and promotes quantitative methods instead. Perhaps by design or by accident, he gives a excellent overview of the various risk analysis methods [...]

Fundamentals of Enterprise Risk Management: How Top Companies Assess Risk, Manage Exposure, and Seize Opportunity

Score: 6/10 Type: Book Overview: This book is about the entire process of risk management, not just risk analyses. It shows how a risk register could be set up and how the organization needs to be structured to realise enterprise risk management. Get it! Author(s): Hampton, John Reviewer(s): Kirstein, Carl [...]

SAAMA Conference 2014

Score: 8.3/10 Type: Conference Overview: The theme of the 2014 SAAMA conference was Fifty five – the way to integrated asset management. Most of the presentations have focussed on what ISO55000 is, how it differs from PAS 55, what its implications are, and which role SAAMA and other institutions will fulfil regarding ISO 55000. There are also presentations regarding performance management, [...]

How to Measure Anything: Finding The Value of Intangibles in Business

Score: 8/10 Type: Book Overview: This book is mostly about risk analyses, not so much about performance management.  The book will spend its effort trying to convince you that you should quantify risk (i.t.o money), and it probably will succeed in convincing you by showing you how simple and logical it is to do . [...]