All organizations constantly face the need to make important, costly and potentially damaging decisions, often in a state of uncertainty and without all of the necessary information. Making Risk-Informed Decisions provides practical approaches to identify and understand the risks and uncertainties involved in any decision, increasing the likelihood of achieving desired outcomes.
Using a variety of example business decisions, from simple and quickly solvable to difficult and long-term, Making Risk-Informed Decisions includes proven frameworks, models, work flows and different types of analysis which can be used to work through them and come to a solution. The book also presents methods of assessing whether past decisions have been successful, and therefore continuously improving the quality of decision making. A case study at the end of the book pulls together the whole methodology, allowing the reader to apply everything learned. Reflecting key themes of the revised ISO 31000 risk management standards, Making Risk-Informed Decisions provides clear guidance on how to make better, more logical choices to save money and increase competitive advantage.