RISK MANAGEMENT: Closing the Gap Between Actual and Perceived Risk
Risk Management: Closing the Gap Between Actual and Perceived Risk is a practical guide for professionals who need to make better decisions under uncertainty-not simply produce risk registers, heat maps, and reports.
Sanjar Alimov presents a structured approach built around eight dimensions of risk: probability, impact, velocity, interdependence, volatility, persistence, detectability, and controllability. Rather than compressing complex exposure into a single score, the book shows how to connect evidence, judgment, quantitative analysis, controls, decision authority, implementation, and continuous learning.
The book moves from fundamental concepts and organizational judgment to practical assessment, risk quantification, governance, and implementation. Readers learn how to define meaningful risk scenarios, challenge assumptions, evaluate controls, work with probabilities and loss distributions, model dependencies, use simulation appropriately, communicate uncertainty, and translate analysis into decisions that can actually be executed.
A continuing fictional case involving Meridian Services demonstrates how the methods work in practice, while additional cases explore market-entry and workforce-capacity decisions. Extensive appendices provide application cards, practitioner records, worked examples, calculation guides, scenario-workshop material, and a ninety-day implementation plan.
Written for risk practitioners, managers, executives, analysts, auditors, and professionals responsible for operational or strategic decisions, this book emphasizes a simple principle: risk management becomes valuable when better understanding leads to better action.
A practical framework for turning uncertainty into disciplined, evidence-based decisions.
Customer Reviews
ThriftBooks ® and the ThriftBooks ® logo are registered trademarks of Thrift Books Global, LLC
