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Risk Analysis Strategies For Credible And Defensible Utility Decisions
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Book Synopsis Risk Analysis Strategies for Credible and Defensible Utility Decisions by : Simon Pollard
Download or read book Risk Analysis Strategies for Credible and Defensible Utility Decisions written by Simon Pollard and published by American Water Works Association. This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a critical review of the risk analysis strategies used by water utilities for better decision-making. The review was formed from an international workshop on risk analysis, several discussions with utility and risk managers, presentations, and structured interviews with utility staff. The report summarizes the status of risk management in the water utility sector among the participating and collaborating utilities. The research developed a capability maturity model for risk management (CMM-RM) in the utility sectors and used it to benchmark representatives of the international water utility sector.
Book Synopsis Risk Management for Water and Wastewater Utilities by : Simon Pollard
Download or read book Risk Management for Water and Wastewater Utilities written by Simon Pollard and published by IWA Publishing. This book was released on 2016-05-15 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Water risks and security are a major global hazard in the 21st century and it is essential that water professionals have a solid grounding in the principles of preventative risk management. This second edition of the key textbook, Risk Management for Water and Wastewater Utilities, extends beyond first principles and examines the practicalities of resilience and vulnerability assessment, strategic risk appraisal and the interconnectedness of water utility risks in a networked infrastructure. It provides an up-dated overview of tools and techniques for risk management in the context of the heightened expectations for sound risk governance that are being made of all water and wastewater utilities. Risk Management for Water and Wastewater Utilities provides a valuable starting point for newly appointed risk managers in the utility sector and offers MSc level self-paced study with self-assessment questions and abbreviated answers, key learning points, case studies and worked examples.
Book Synopsis Strategic Asset Management of Water Supply and Wastewater Infrastructures by : Helena Alegre
Download or read book Strategic Asset Management of Water Supply and Wastewater Infrastructures written by Helena Alegre and published by IWA Publishing. This book was released on 2009-09-14 with total page 553 pages. Available in PDF, EPUB and Kindle. Book excerpt: Water and Wastewater companies operating all around the world have faced rising asset management and replacement costs, often to levels that are financially unsustainable. Management of investment needs, while meeting regulatory and other goals, has required: A better understanding of what customers demand from the services they pay for, and the extent to which they are willing to pay for improvements or be compensated for a reduction in performance Development of models to predict asset failure and to identify and concentrate investment on critical assets Improved management systems Improved accounting for costs and benefits and their incorporation within an appropriate cost-benefit framework Incorporation of risk management techniques Utilisation of advanced maintenance techniques including new rehabilitation failure detection technologies Enhancements in pipeline materials, technologies and laying techniques. These papers developed from LESAM 2007 for inclusion in Strategic Asset Management of Water Supply and Wastewater Infrastructures are focused on the techniques, technologies and management approaches aiming at optimising the investment in infrastructure while achieving demanded customer service standards, and they provide an opportunity to gain access to the latest discussion and developments at the leading-edge in this field. This book will be essential reading for utility operators and managers, regulators and consultants.
Book Synopsis Drinking Water Quality Management from Catchment to Consumer by : Bob Breach
Download or read book Drinking Water Quality Management from Catchment to Consumer written by Bob Breach and published by IWA Publishing. This book was released on 2011-10-04 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of Water Quality Set - Buy all four books and save over 30% on buying separately! Drinking Water Quality Management from Catchment to Consumer is a best practice book that builds on the experience of water suppliers and experts across the world in order to provide a practical guide to help utilities improve the management of drinking water quality. It is based on the Water Safety Plan approach and the principles of the Bonn Charter for Safe Drinking Water, and is intended to complement and support other relevant publications particularly the WHO Water Safety Plan Manual. It has evolved from the work of The Bonn Network which is a global group of water suppliers originally established to develop and share best practice in drinking water quality management based on the Bonn Charter. The emphasis is on practical information “by operators for operators”, learning from the experience of a range of water suppliers across the world. The book supports and encourages users to think through the best way for them to improve drinking water quality management taking account of local factors. It recognises that whilst water suppliers are central to the provision of good drinking water, this has to take place within a broader legal, institutional, and financial framework which is the responsibility of Government and others. It thus highlights the ways that water suppliers can work with a range of partners to ensure that all are committed to the same goal of good safe drinking water. Drinking Water Quality Management from Catchment to Consumer is an essential reference for water quality, laboratory and operational managers from water utilities around the world. It is also helpful to consultants working in this area and regulatory, health and municipal, and catchment management authorities. The book is of interest to academics working in the field of drinking water quality, and risk management and may be used on any courses aimed at managing drinking water quality.
Book Synopsis Risk Analysis Strategies for Better and More Credible Decision Making by :
Download or read book Risk Analysis Strategies for Better and More Credible Decision Making written by and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Enterprise Risk Management by : John R. S. Fraser
Download or read book Enterprise Risk Management written by John R. S. Fraser and published by John Wiley & Sons. This book was released on 2010-01-07 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essential insights on the various aspects of enterprise risk management If you want to understand enterprise risk management from some of the leading academics and practitioners of this exciting new methodology, Enterprise Risk Management is the book for you. Through in-depth insights into what practitioners of this evolving business practice are actually doing as well as anticipating what needs to be taught on the topic, John Fraser and Betty Simkins have sought out the leading experts in this field to clearly explain what enterprise risk management is and how you can teach, learn, and implement these leading practices within the context of your business activities. In this book, the authors take a broad view of ERM, or what is called a holistic approach to ERM. Enterprise Risk Management introduces you to the wide range of concepts and techniques for managing risk in a holistic way that correctly identifies risks and prioritizes the appropriate responses. This invaluable guide offers a broad overview of the different types of techniques: the role of the board, risk tolerances, risk profiles, risk workshops, and allocation of resources, while focusing on the principles that determine business success. This comprehensive resource also provides a thorough introduction to enterprise risk management as it relates to credit, market, and operational risk, as well as the evolving requirements of the rating agencies and their importance to the overall risk management in a corporate setting. Filled with helpful tables and charts, Enterprise Risk Management offers a wealth of knowledge on the drivers, the techniques, the benefits, as well as the pitfalls to avoid, in successfully implementing enterprise risk management. Discusses the history of risk management and more recently developed enterprise risk management practices and how you can prudently implement these techniques within the context of your underlying business activities Provides coverage of topics such as the role of the chief risk officer, the use of anonymous voting technology, and risk indicators and their role in risk management Explores the culture and practices of enterprise risk management without getting bogged down by the mathematics surrounding the more conventional approaches to financial risk management This informative guide will help you unlock the incredible potential of enterprise risk management, which has been described as a proxy for good management.
Book Synopsis Fundamentals of Risk Analysis and Risk Management by : Vlasta Molak
Download or read book Fundamentals of Risk Analysis and Risk Management written by Vlasta Molak and published by CRC Press. This book was released on 1996-11-26 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book bridges the gap between the many different disciplines used in applications of risk analysis to real world problems. Contributed by some of the world's leading experts, it creates a common information base and language for all risk analysis practitioners, risk managers, and decision makers. Valuable as both a reference for practitioners and a comprehensive textbook for students, Fundamentals of Risk Analysis and Risk Management is a unique contribution to the field. Its broad coverage ranges from basic theory of risk analysis to practical applications, risk perception, legal and political issues, and risk management.
Book Synopsis Risk Analysis in Engineering by : Mohammad Modarres
Download or read book Risk Analysis in Engineering written by Mohammad Modarres and published by CRC Press. This book was released on 2016-04-27 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on the author's 20 years of teaching, Risk Analysis in Engineering: Techniques, Tools, and Trends presents an engineering approach to probabilistic risk analysis (PRA). It emphasizes methods for comprehensive PRA studies, including techniques for risk management. The author assumes little or no prior knowledge of risk analysis on the p
Book Synopsis Review of the Department of Homeland Security's Approach to Risk Analysis by : National Research Council
Download or read book Review of the Department of Homeland Security's Approach to Risk Analysis written by National Research Council and published by National Academies Press. This book was released on 2010-09-10 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: The events of September 11, 2001 changed perceptions, rearranged national priorities, and produced significant new government entities, including the U.S. Department of Homeland Security (DHS) created in 2003. While the principal mission of DHS is to lead efforts to secure the nation against those forces that wish to do harm, the department also has responsibilities in regard to preparation for and response to other hazards and disasters, such as floods, earthquakes, and other "natural" disasters. Whether in the context of preparedness, response or recovery from terrorism, illegal entry to the country, or natural disasters, DHS is committed to processes and methods that feature risk assessment as a critical component for making better-informed decisions. Review of the Department of Homeland Security's Approach to Risk Analysis explores how DHS is building its capabilities in risk analysis to inform decision making. The department uses risk analysis to inform decisions ranging from high-level policy choices to fine-scale protocols that guide the minute-by-minute actions of DHS employees. Although DHS is responsible for mitigating a range of threats, natural disasters, and pandemics, its risk analysis efforts are weighted heavily toward terrorism. In addition to assessing the capability of DHS risk analysis methods to support decision-making, the book evaluates the quality of the current approach to estimating risk and discusses how to improve current risk analysis procedures. Review of the Department of Homeland Security's Approach to Risk Analysis recommends that DHS continue to build its integrated risk management framework. It also suggests that the department improve the way models are developed and used and follow time-tested scientific practices, among other recommendations.
Book Synopsis Risk and Decision Analysis in Projects by : John R. Schuyler
Download or read book Risk and Decision Analysis in Projects written by John R. Schuyler and published by . This book was released on 2001 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some of Schuyler's tried-and-true tips include: - The single-point estimate is almost always wrong, so that it is always better to express judgments as ranges. A probability distribution completely expresses someone's judgment about the likelihood of values within the range.- We often need a single-value cost or other assessment, and the expected value (mean) of the distribution is the only unbiased predictor. Expected value is the probability-weighted average, and this statistical idea is the cornerstone of decision analysis.- Some decisions are easy, perhaps aided by quick decision tree calculations on the back of an envelope. Decision dilemmas typically involve risky outcomes, many factors, and the best alternatives having comparable value. We only need analysis sufficient to confidently identify the best alternative. As soon as you know what to do, stop the analysis!- Be alert to ways to beneficially change project risks. We can often eliminate, avoid, transfer, or mitigate threats in some way. Get to know the people who make their living helping managers sidestep risk. They include insurance agents, partners, turnkey contractors, accountants, trainers, and safety personnel.
Book Synopsis Tools for Making Acute Risk Decisions by :
Download or read book Tools for Making Acute Risk Decisions written by and published by Wiley-AIChE. This book was released on 1994-08-15 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: The complexity of today's risk decisions is well known. Beyond cost and risk there are many other factors contributing to these decisions, including type of risk (such as human injury or fatality), the economic impact on the local community, profitability, availability of capital, alternatives for reducing or eliminating the risk, costs of implementing alternatives, codes, standards, regulation, and good industry practice. This book presents a large range of decision aids for risk analysts and decision makers in industry so that vital decisions can be made in a more consistent, logical, and rigorous manner. Though primarily aimed at the process industry, this book can be used by anyone who makes similar decisions in other industries, including those in management science.
Book Synopsis Science and Decisions by : National Research Council
Download or read book Science and Decisions written by National Research Council and published by National Academies Press. This book was released on 2009-03-24 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk assessment has become a dominant public policy tool for making choices, based on limited resources, to protect public health and the environment. It has been instrumental to the mission of the U.S. Environmental Protection Agency (EPA) as well as other federal agencies in evaluating public health concerns, informing regulatory and technological decisions, prioritizing research needs and funding, and in developing approaches for cost-benefit analysis. However, risk assessment is at a crossroads. Despite advances in the field, risk assessment faces a number of significant challenges including lengthy delays in making complex decisions; lack of data leading to significant uncertainty in risk assessments; and many chemicals in the marketplace that have not been evaluated and emerging agents requiring assessment. Science and Decisions makes practical scientific and technical recommendations to address these challenges. This book is a complement to the widely used 1983 National Academies book, Risk Assessment in the Federal Government (also known as the Red Book). The earlier book established a framework for the concepts and conduct of risk assessment that has been adopted by numerous expert committees, regulatory agencies, and public health institutions. The new book embeds these concepts within a broader framework for risk-based decision-making. Together, these are essential references for those working in the regulatory and public health fields.
Book Synopsis A New Approach for Assessing Utility Functions in Analysis of Decisions Under Risk by : Paulo Afonso Lopes de Silva
Download or read book A New Approach for Assessing Utility Functions in Analysis of Decisions Under Risk written by Paulo Afonso Lopes de Silva and published by . This book was released on 1989 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Confronting Climate Uncertainty in Water Resources Planning and Project Design by : Patrick A. Ray
Download or read book Confronting Climate Uncertainty in Water Resources Planning and Project Design written by Patrick A. Ray and published by World Bank Publications. This book was released on 2015-08-20 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: Confronting Climate Uncertainty in Water Resources Planning and Project Design describes an approach to facing two fundamental and unavoidable issues brought about by climate change uncertainty in water resources planning and project design. The first is a risk assessment problem. The second relates to risk management. This book provides background on the risks relevant in water systems planning, the different approaches to scenario definition in water system planning, and an introduction to the decision-scaling methodology upon which the decision tree is based. The decision tree is described as a scientifically defensible, repeatable, direct and clear method for demonstrating the robustness of a project to climate change. While applicable to all water resources projects, it allocates effort to projects in a way that is consistent with their potential sensitivity to climate risk. The process was designed to be hierarchical, with different stages or phases of analysis triggered based on the findings of the previous phase. An application example is provided followed by a descriptions of some of the tools available for decision making under uncertainty and methods available for climate risk management. The tool was designed for the World Bank but can be applicable in other scenarios where similar challenges arise.
Book Synopsis Factual Uncertainty and Risk-Utility Analysis by : Philip G. Peters Jr.
Download or read book Factual Uncertainty and Risk-Utility Analysis written by Philip G. Peters Jr. and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ten-page essay explores the dilemma that tort law's risk-utility analysis poses for people who have incomplete information about anticipated risks and benefits. When actors have incomplete information, their reasonable risk-utility estimates are likely to vary considerably. One possible implication of this range of reasonable risk-utility calculations is that each calculation with the range is equally defensible. To the extent that culpability is defined using risk-utility analysis, the notion of a range of reasonable choices, therefore, would soften the demands of negligence law by treating a wider range of decisions about accident avoidance as reasonable. It is equally possible, however, that juries will limit the actor's freedom to choose within this range of uncertainty. They may feel that a defendant facing factual uncertainty should err in favor of safety. If so, juries could insist (and may already insist) that commercial actors invest at the upper end of the range. In that event, the obligation to take precautions in the face of factual uncertainty may yield a more robust obligation to take precautions than would have existed if the true risks and utilities had been known ex ante. The crucial normative question, of course, is whether juries should be allowed to limit the range of otherwise reasonable choices in this manner. On this issue, scholars and courts are likely to disagree. However, the debate cannot begin until we recognize and acknowledge the important implications of ex ante factual uncertainty. Prompting that recognition is the purpose of this essay.
Book Synopsis Acceptable Risk by : Baruch Fischhoff
Download or read book Acceptable Risk written by Baruch Fischhoff and published by Cambridge University Press. This book was released on 1981 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: A framework for making decisions about risks, with recommendations for research, public policy, and practice.
Book Synopsis Risk-Taking in International Politics by : Rose McDermott
Download or read book Risk-Taking in International Politics written by Rose McDermott and published by University of Michigan Press. This book was released on 2001 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the way leaders deal with risk in making foreign policy decisions
