Principles of Risk-Based Decision Making

by ABS Consulting, In c.

• ISBN13: 9780865879089
• ISBN10: 0865879087
• Format: Paperback
• Copyright: 2002-02-01
• Publisher: Government Institutes

Summary

Principles of Risk-Based Decision Making provides managers with the foundation for creating a proactive organizational culture that systematically incorporates risk into key decision-making processes. Based on methodology adopted by a number of organizations including the federal government, this book examines risk-based decision making as a process for organizing information about the possibility for unwanted outcomes in a simple, practical way that helps decision makers make timely, informed management choices that minimize harmful effects on safety and health, the environment, property loss, or mission success.

Table of Contents

Introduction to Risk-Based Decision Making	1	(12)
Definition of Risk-Based Decision Making	1	(1)
Do You Need Risk-Based Decision Making?	2	(2)
The Risk-Based Decision Making Process	4	(4)
Dealing With Information Precision, Uncertainty, and Resource Needs	8	(3)
Barriers to Risk-Based Decision Making	11	(2)
Loss Prevention Basics	13	(34)
Loss Prevention Basics	13	(14)
Events Producing Casualties	27	(1)
What Is Human Error?	28	(4)
Introduction to Root Causes	32	(15)
Principles of Risk Assessment	47	(26)
Characterizing Risk	47	(18)
Introduction to Risk Assessment Methods	65	(8)
Principles of Risk Management	73	(10)
Risk Goals	73	(1)
Factors Affecting Risk Acceptance	74	(2)
Issues of Acceptable Risk	76	(2)
Risk Management Categories	78	(1)
Accident Prevention Options	79	(4)
Principles of Risk Communication	83	(16)
Definition of Risk Communication	83	(1)
Risk Communication in the Risk-Based Decision Making Process	84	(1)
Risk Communication Cycle	85	(2)
Successful Risk Communication	87	(4)
Developing Key Messages	91	(2)
Dealing with an Angry Public	93	(2)
Working with the Media	95	(4)
Risk Assessment Tools	99	(46)
Commonly Used Risk Assessment Tools	99	(1)
Summary of Pareto Analysis	100	(3)
Summary of Checklist Analysis	103	(8)
Summary of Relative Ranking/Risk Indexing	111	(3)
Summary of Preliminary Risk Analysis	114	(3)
Summary of Change Analysis	117	(2)
Summary of What-If Analysis	119	(2)
Summary of Failure Modes and Effects Analysis (FMEA)	121	(3)
Summary of Hazard and Operability (HAZOP) Analysis	124	(2)
Summary of Fault Tree Analysis	126	(4)
Summary of Event Tree Analysis	130	(3)
Summary of Event and Causal Factor Charting	133	(3)
Summary of Preliminary Hazard Analysis	136	(2)
Overview of Influence Diagraming	138	(7)
Decision Analysis Tools	145	(14)
Summary of Decision Analysis Tools	145	(1)
Choosing Decision Analysis Tools	146	(1)
Summary of Voting Methods	147	(3)
Summary of Weighted Scoring Methods	150	(3)
Summary of Decision Trees	153	(5)
Other Decision Analysis Tools	158	(1)
Managing a Risk Assessment Project	159	(22)
Scoping a Risk Assessment	160	(3)
Identifying Stakeholders and the Risk Assessment Team	163	(2)
Preparing a Risk Assessment	165	(2)
Facilitating the Risk Assessment Meetings	167	(2)
Documenting the Risk Assessment Meetings	169	(1)
Writing the Risk Assessment Report	170	(2)
Validating the Risk Assessment with Available Data	172	(2)
Evaluating the Recommendations	174	(3)
Reviewing a Risk Assessment	177	(4)
Appendix A- Table for Applying the Risk-Based Decision Making Process	181	(4)
Appendix B- Hazard Identification Guidesheet	185	(12)
Appendix C- Human Error: A Marine Safety Example	197	(10)
Appendix D- Acronym List and Glossary of Terms	207