In fact, the Institute of Chartered Accountants believes that well-executed risk management practices can potentially provide a greater likelihood of achieving business objectives, a lower cost of capital, a better basis for strategic direction setting, and fewer sudden and unwelcome surprises. Written by experts with a collective 60 years of consulting experience, this book will broaden your understanding of business risk assessment techniques. You'll find innovative ideas that you can use to improve your business risk assessment processes and formulate well informed risk management decisions that satisfy corporate objectives. The authors also present numerous real-world case studies so you can clearly see how other business managers have used a new risk characterization and assessment approach to improve their business risk management practices. It incorporates a quantitative risk assessment process that translates intangible environmental and social risks into financial measures that can be used to develop risk treatment strategies. With this method, you'll be able to make informed, defensible, risk management decisions.
The Triple Bottom Line
A Conceptual Framework of Sustainability in Project Management
Triple bottom line concept Introduction Risk is an important part of all businesses in the world. No business can exist without confronting with high and low, evitable and inevitable risks. For this purpose, the process of risk management is one of the most crucial activities of a business. Risk management is one of the most preeminent activities carried out in any business in order to eliminate and mitigate various risks involved in its operations. With the help of some risk management strategies, a company can either avoid the occasion of risk bearing event or limit losses in the consequence of high risk.
Triple Bottom Line Risk Management
Taylor Organizations, driven by people, are increasingly becoming dedicated to the cause of sustainability. Sustainability is concerned about creating and maintaining conditions under which organizations can ensure their long-term survival by protecting human health and fulfilling environmental, social, and economic requirements. Strategic decision-making in this area involves identifying, mitigating, and managing risks facing organizational sustainability. The audit function helps organizations accomplish their sustainability-centered objectives by using a systematic and disciplined approach to evaluate and improve the effectiveness of their governance, risk management, and control processes.
Julia H. Written by risk management experts, this book will provide you with the necessary tools and guidance for the successful management of business risk so you can improve your company's triple bottom line-- the social, environmental, and financial accountability of your business. The authors introduce the RISQUE method, which was specifically developed to address a diverse range of events and issues. It offers a multifaceted approach, using a rational process, which will help you make informed, defensible risk management decisions.