The Failure of Risk Management

Learn Why Risk Management is Still Broken and How to Fix It

The risk management field is constantly evolving. Unfortunately, many organizations fail to evolve with it. They frequently apply risk management techniques that are proven not to work. These dangerously flawed methods are mere placebos which do nothing to reduce risk and improve decisions.

That doesn't need to be the case. In The Failure of Risk Management, Second Edition renowned risk analysis expert Douglas W. Hubbard explains why certain common risk management techniques are causing bad decision making. He also explains which techniques actually deliver genuine value. Through case studies, review of existing research, and detailed procedures, Hubbard illustrates how decision-makers at organizations in any and all industries can adjust their risk management methodologies to better suit the demands of the modern world.

Once you understand the reason popular risk management techniques don't work, you'll know what you must do to ensure your organization thrives in the future.

> ?SAM L. SAVAGE, PhD, Executive Director, ProbabilityManagement.org, Author, The Flaw of Averages: Why we Underestimate Risk in the Face of Uncertainty

> ?JACK JONES, RiskLens Co-Founder and Chief Scientist, Creator of the FAIR method

"Not long after the Great Recession of 2008, I assigned my students the First Edition of The Failure of Risk Management as required reading. My students still tell me that they turn to this book in their professional careers. Hubbard disrupted the world of risk consultants with this masterpiece and with its Second Edition he brings us fresh examples and insights from new research."
?PETER ALAN SMITH, Professor of Insurance and Risk Management, College of Charleston School of Business

"The First Edition of The Failure of Risk Management demolished myths and mistakes and the thinking that qualitative assessments are 'good enough.' The Second Edition extends this excellent work with new useful and practical methods to be quantitative in assessing risk and taking actions to manage it."
?STEVE ROEMERMAN, Lone Star Chairman and CEO