Advertisement
| benchmarking in risk management: Software Cost Estimation, Benchmarking, and Risk Assessment Adam Trendowicz, 2013-01-10 Software effort estimation is a key element of software project planning and management. Yet, in industrial practice, the important role of effort estimation is often underestimated and/or misunderstood. In this book, Adam Trendowicz presents the CoBRA method (an abbreviation for Cost Estimation, Benchmarking, and Risk Assessment) for estimating the effort required to successfully complete a software development project, which uniquely combines human judgment and measurement data in order to systematically create a custom-specific effort estimation model. CoBRA goes far beyond simply predicting the development effort; it supports project decision-makers in negotiating the project scope, managing project risks, benchmarking productivity, and directing improvement activities. To illustrate the method’s practical use, the book reports several real-world cases where CoBRA was applied in various industrial contexts. These cases represent different estimation contexts in terms of software project environment, estimation objectives, and estimation constraints. This book is the result of a successful collaboration between the process management division of Fraunhofer IESE and many software companies in the field of software engineering technology transfer. It mainly addresses software practitioners who deal with planning and managing software development projects as part of their daily work, and is also of interest for students or courses specializing in software engineering or software project management. |
| benchmarking in risk management: The Tyranny of Metrics Jerry Z. Muller, 2019-04-30 How the obsession with quantifying human performance threatens business, medicine, education, government—and the quality of our lives Today, organizations of all kinds are ruled by the belief that the path to success is quantifying human performance, publicizing the results, and dividing up the rewards based on the numbers. But in our zeal to instill the evaluation process with scientific rigor, we've gone from measuring performance to fixating on measuring itself—and this tyranny of metrics now threatens the quality of our organizations and lives. In this brief, accessible, and powerful book, Jerry Muller uncovers the damage metrics are causing and shows how we can begin to fix the problem. Filled with examples from business, medicine, education, government, and other fields, the book explains why paying for measured performance doesn't work, why surgical scorecards may increase deaths, and much more. But Muller also shows that, when used as a complement to judgment based on personal experience, metrics can be beneficial, and he includes an invaluable checklist of when and how to use them. The result is an essential corrective to a harmful trend that increasingly affects us all. |
| benchmarking in risk management: Principles of Risk Management and Patient Safety Barbara Youngberg, 2010-10-15 Health Sciences & Professions |
| benchmarking in risk management: Measuring Performance and Benchmarking Project Management at the Department of Energy National Research Council, Division on Engineering and Physical Sciences, Board on Infrastructure and the Constructed Environment, Committee for Oversight and Assessment of U.S. Department of Energy Project Management, 2005-08-01 In 1997, Congress, in the conference report, H.R. 105-271, to the FY1998 Energy and Water Development Appropriation Bill, directed the National Research Council (NRC) to carry out a series of assessments of project management at the Department of Energy (DOE). The final report in that series noted that DOE lacked an objective set of measures for assessing project management quality. The department set up a committee to develop performance measures and benchmarking procedures and asked the NRC for assistance in this effort. This report presents information and guidance for use as a first step toward development of a viable methodology to suit DOE's needs. It provides a number of possible performance measures, an analysis of the benchmarking process, and a description ways to implement the measures and benchmarking process. |
| benchmarking in risk management: Personal Benchmark Charles Widger, Daniel Crosby, 2014-10-10 In Personal Benchmark: Integrating Behavioral Finance and Investment Management, Chuck Widger and Dr. Daniel Crosby outline the ways in which a program of embedded behavioral finance, fueled by what matters most to you, can be your protection against irrational financial behavior. Along the way, you'll learn how to improve your investment experience, increase returns formerly sacrificed to misbehavior, and worry less about The Economy as you become increasingly focused on My Economy. Welcome to a new way of investing, a new paradigm for conceptualizing wealth, and a system of turning emotion from your portfolio's worst enemy into its best friend! In this new model, risk is simply the likelihood that we will underperform our dreams. Irrationality is acting in ways that thwart our ability to reach those dreams. And the optimal portfolio is not the one that generates the highest return in abstraction, it is the one that helps us meet our goals without killing our nerves before we get there. This book gives advisors the tools needed to effectively communicate the design and execution of the Personal Benchmark solution. |
| benchmarking in risk management: Outside Insight Jorn Lyseggen, 2017-10-12 Is your business looking out? The world today is drowning in data. There is a treasure trove of valuable and underutilized insights that can be gleaned from information companies and people leave behind on the internet - our 'digital breadcrumbs' - from job postings, to online news, social media, online ad spend, patent applications and more. As a result, we're at the cusp of a major shift in the way businesses are managed and governed - moving from a focus solely on lagging, internal data, toward analyses that also encompass industry-wide, external data to paint a more complete picture of a brand's opportunities and threats and uncover forward-looking insights, in real time. Tomorrow's most successful brands are already embracing Outside Insight, benefitting from an information advantage while their competition is left behind. Drawing on practical examples of transformative, data-led decisions made by brands like Apple, Facebook, Barack Obama and many more, in Outside Insight, Meltwater CEO Jorn Lyseggen illustrates the future of corporate decision-making and offers a detailed plan for business leaders to implement Outside Insight thinking into their company mindset and processes. |
| benchmarking in risk management: Benchmarking in Health Care Joint Commission Resources, Inc, 2012 Benchmarking--comparing one's performance against internal or external sources--can be the cornerstone of many performance improvement initiatives in health care organizations. These projects are carried out for a variety of reasons: to enhance patient outcomes, streamline patient care delivery systems, reduce costs, and comply with local, state, or national initiatives, including accreditation and health care reform requirements. For organizations to successfully accomplish these objectives, they must be able to benchmark their performance within their facilities, over time, and against other organizations. Benchmarking in Health Care is an updated edition of a JCR best seller that provides organizations with step-by-step instructions to successfully design and implement benchmarking projects in their facilities as part of comprehensive performance improvement programs. Topics covered include the following: * Defining internal and external benchmarking * Complying with Joint Commission and Joint Commission * International benchmarking-related standards * Planning and organizing a benchmarking project, including gaining leadership support and assembling and organizing a team * Choosing appropriate benchmarking partners * Identifying and using appropriate global benchmarking databases * Collecting, analyzing, benchmarking, and presenting data * Using benchmarking data to drive improvement * Case studies from organizations around the world that are using benchmarking projects as integral components of performance improvement initiatives Help your staff to design and implement a successful benchmarking project in your organization! |
| benchmarking in risk management: Credit Portfolio Management Charles Smithson, 2003-04-07 A cutting-edge text on credit portfolio management Credit risk. A number of market factors are causing revolutionary changes in the way it is measured and managed at financial institutions. Charles Smithson, author of the bestselling Managing Financial Risk, introduces a portfolio management approach to credit in his latest book. Understanding how to manage the inherent risks of this market has become increasingly important over the years. Credit Portfolio Management provides readers with a complete understanding of the alternative approaches to credit risk measurement and portfolio management. This definitive guide discusses the pricing and managing of credit risks associated with a variety of off-balance-sheet products such as credit default swaps, total return swaps, first-to-default baskets, and credit spread options; as well as on-balance-sheet customized structured products such as credit-linked notes, repackage notes, and synthetic collateralized debt obligations (CDOs). Filled with expert insight and advice, this book is a must-read for all credit professionals. Charles W. Smithson, PhD (New York, NY), is the Managing Partner of Rutter Associates and Executive Director of the International Association of Credit Portfolio Managers (IACPM). He is the author of five books, including The Handbook of Financial Engineering and Managing Financial Risk (now in its Third Edition). |
| benchmarking in risk management: Risk Management Exam Review , Welcome to the forefront of knowledge with Cybellium, your trusted partner in mastering the cutting-edge fields of IT, Artificial Intelligence, Cyber Security, Business, Economics and Science. Designed for professionals, students, and enthusiasts alike, our comprehensive books empower you to stay ahead in a rapidly evolving digital world. * Expert Insights: Our books provide deep, actionable insights that bridge the gap between theory and practical application. * Up-to-Date Content: Stay current with the latest advancements, trends, and best practices in IT, Al, Cybersecurity, Business, Economics and Science. Each guide is regularly updated to reflect the newest developments and challenges. * Comprehensive Coverage: Whether you're a beginner or an advanced learner, Cybellium books cover a wide range of topics, from foundational principles to specialized knowledge, tailored to your level of expertise. Become part of a global network of learners and professionals who trust Cybellium to guide their educational journey. www.cybellium.com |
| benchmarking in risk management: Portfolio Performance Measurement and Benchmarking Jon A. Christopherson, David R. Carino, Wayne E. Ferson, 2009-08-05 In order to make sound investment choices, investors must know the projected return on investment in relation to the risk of not being paid. Benchmarks are excellent evaluators, but the failure to choose the right investing performance benchmark often leads to bad decisions or inaction, which inevitably results in lost profits. The first book of its kind, Portfolio Performance Measurement and Benchmarking is a complete guide to benchmarks and performace evaluation using benchmarks. In one inclusive volume, readers get foundational coverage on benchmark construction, as well as expert insight into specific benchmarks for asset classes and investment styles. Starting with the basics—such as return calculations and methods of dealing with cash flows—this thorough book covers a wide variety of performance measurement methodologies and evaluation techniques before moving into more technical material that deconstructs both the creation of indexes and the components of a desirable benchmark. Portfolio Performance Measurement and Benchmarking provides detailed coverage of benchmarks for: U.S. equities Global and international equities Fixed income Real estate The team of renowned authors offers illuminating opinions on the philosophy and development of equity indexes, while highlighting numerous mechanical problems inherent in building benchmarks and the implications of each one. Before you make your next investment, be certain your return will be worth the risk with Portfolio Performance Measurement and Benchmarking. |
| benchmarking in risk management: Municipal Benchmarks David N. Ammons, 2001-02-21 The new edition of this practical reference book gives municipal officials and citizens the benchmarking tools needed to assess and establish community standards for their operations and delivery of services. New to this edition: -Updated charts and data throughout -New chapters Management Services, Parking Services, Risk Management, Social Services, Streets, Sidewalks, and Storm Drainage, Water and Sewer Services, Fleet Maintenance, Gas and Electric Services -Expanded coverage including newly adopted performance targets and updated standards for emergency response times for fire, police, and emergency medical service. |
| benchmarking in risk management: Guide to effective risk management 3.0 Alex Sidorenko, Elena Demidenko, 2016-01-01 Risk management is ultimately about creating a culture that would facilitate risk discussion when performing business activities or making any strategic, investment or project decision. In this free book, Alex Sidorenko and Elena Demidenko talk about practical steps risk managers can take to integrate risk management into decision making and core business processes. Based on our research and the interviews, we have summarised fifteen practical ideas on how to improve the integration of risk management into the daily life of the organisation. These were grouped into three high level objectives: drive risk culture, help integrate risk management into business and become a trusted advisor. This document is designed to be a practical implementation guide. Each section is accompanied by checklists, video references, useful links and templates. This guide isn't about classical risk management with its useless risk maps, risk registers, risk owners or risk mitigation plans. This guide is about implementing the most current risk analysis research into the business processes, decision making and the overall culture of the organization. |
| benchmarking in risk management: Benchmarking in Tourism and Hospitality Industries Karl W. Wöber, 2002-08-12 offers methodological framework for answering key benchmarking questionsonly substantial work covering this topicworld-wide coverage and usageBenchmarking is a buzzword of the last decade that describes a method for comparing different companies, by measuring various data, performance and goals. This book focuses on the methodological aspects of the right selection of benchmarking partners. |
| benchmarking in risk management: Benchmarking and Self-Assessment for Parliaments Mitchell O'Brien, Rick Stapenhurst, Lisa von Trapp, 2016-03-28 With international focus on good governance and parliamentary effectiveness, a standards-based approach involving benchmarks and assessment frameworks has emerged to evaluate parliament's performance and guide its reforms. The World Bank's has been a leader in the development of these frameworks, stewarding a global multi-stakeholder process aimed at enhancing consensus around parliamentary benchmarks and indicators with international organizations and parliaments across the world. The results so far, some of which are captured in this book, are encouraging: countries as diverse as Australia, Canada, Ghana, Sri Lanka, Tanzania and Zambia have used these frameworks for self-evaluation and to guide efficiency-driven reforms. Donors and practitioners, too, are finding the benchmarks useful as baselines against which they can assess the impact of their parliamentary strengthening programs. The World Bank itself is using these frameworks to surface the root causes of performance problems and explore how to engage with parliamentary institutions in order to achieve better results. The World Bank can identify opportunities to help improve the oversight function of parliament, thus holding governments to account, giving 'voice' to the poor and disenfranchised, and improving public policy formation in order to achieve a nation's development goals. In doing so, we are helping make parliaments themselves more accountable to citizens and more trusted by the public. |
| benchmarking in risk management: International Environmental Management Benchmarks David M.W.N. Hitchens, Jens Clausen, Klaus Fichter, 1999-03-12 Facing the challenges of globalization and ecology, the standards for economic, social and environmental performance of companies are becoming more demanding. This book shows what sustainable development means for the business community and presents best practice approaches in environmental management from Japan, the USA, Brazil and seven European countries. The book stresses that international competitiveness depends on the effective use of innovative management tools and has to be supported by an intelligent system of environmental regulation, that is, promoting innovation and eco-efficiency. Experts with many years of practical experience share their know-how on how to achieve excellency in environmental performance and present concrete steps towards a sustainable company. |
| benchmarking in risk management: Benchmarking — Theory and Practice Asbjørn Rolstadås, 2013-06-05 Lecturers and researchers in the areas of industrial engineering, quality management and business development, and middle and higher management in business or technology- oriented positions, will find this book invaluable. |
| benchmarking in risk management: Benchmarking Robert C. Camp, 2024-11-01 Written by Dr. Robert Camp, universally regarded as the founding father of the benchmark process, this bestseller is quite simply the definitive reference on the topic. Camp guides readers through the historic ten-step benchmarking process that he developed while at Xerox. This process is credited with reviving that company when it was floundering in 1979. Camp presents other examples of the process, including its dramatic application to L.L. Bean. He uses these examples to show managers how to relate benchmarking to their own circumstances and then provides them with expert strategy and tips so that they can efficiently and easily launch their own quest for best performance. |
| benchmarking in risk management: Handbook of Human Resources Management Matthias Zeuch, 2016-05-09 Human Resources topics are gaining more and more strategic importance in modern business management. Only those companies that find the right answers to the following questions have a sustainable basis for their future success: - How can we attract and select the right talent for our teams? - How can we develop the skills and behaviors which are key for our business? - How can we engage and retain the talent we need for our future? While most other management disciplines have their standards and procedures, Human Resources still lacks a broadly accepted basis for its work. - operational perspective Both the structured collection of reflected real-life experience and the multi-perspective view support readers in making informed and well-balanced decisions. With this handbook, Springer provides a landmark reference work on today’s HR management, based on the combined experience of more than 50 globally selected HR leaders and HR experts. Rather than theoretical discussions about definitions, the handbook focuses on sharing practical experience and lessons learned from the most relevant business perspectives: - cultural / emotional perspective - economic perspective - risk perspective |
| benchmarking in risk management: Knowledge Risk Management Susanne Durst, Thomas Henschel, 2020-02-04 This book provides an in-depth introduction to knowledge risk management (KRM) as well as methods, tools and cases to address knowledge risk management issues in both the public and private sector. It focuses on the integration of knowledge risks into the holistic risk management of organizations. In addition, this book is accompanied by an external website that includes additional checklists, videos and company cases. The combination of a sound theoretical framework along with practical instruments, tools and ancillary materials makes this book a unique, interactive book for professionals, managers, and executives as well as students, academics and policy makers. |
| benchmarking in risk management: Risk Management Walter V. "Bud" Haslett, Jr., 2010-09-28 Key readings in risk management from CFA Institute, the preeminent organization representing financial analysts Risk management may have been the single most important topic in finance over the past two decades. To appreciate its complexity, one must understand the art as well as the science behind it. Risk Management: Foundations for a Changing Financial World provides investment professionals with a solid framework for understanding the theory, philosophy, and development of the practice of risk management by Outlining the evolution of risk management and how the discipline has adapted to address the future of managing risk Covering the full range of risk management issues, including firm, portfolio, and credit risk management Examining the various aspects of measuring risk and the practical aspects of managing risk Including key writings from leading risk management practitioners and academics, such as Andrew Lo, Robert Merton, John Bogle, and Richard Bookstaber For financial analysts, money managers, and others in the finance industry, this book offers an in-depth understanding of the critical topics and issues in risk management that are most important to today’s investment professionals. |
| benchmarking in risk management: A Risk Management Approach to Business Continuity Julia Graham, David Kaye, 2006-04-01 Annotation ?This book is a must read for those senior managers, risk managers and continuity managers who have the vision to see both the new opportunities and the new responsibilities of business continuity management.? Senator George J. Mitchell, Chairman, DLA Piper Rudnick Gray Cary; Former U.S. Senate Majority Leader and U.S. Senator for Maine.?This book ... provides clear guidance supported with a wide range of memorable and highly relevant case studies for any risk manager or business continuity manager to successfully meet the challenges of today and the future.?? Steve Mellish, FBCI, Chairman, The Business Continuity InstituteCONTENTSPreface, by Senator George MitchellPreface, by Steve Mellish, FBCI, The Business Continuity InstitutePreface, by John Copenhaver, the Disaster Recovery Institute InternationalIntroduction1.A Risk-Based Approach To Business Continuity2. Stakeholders3. Governance, Good Practice, Standards, Regulation and the Law4. Culture, Strategy, Performance, Risk and Business Continuity5. Getting Started: The Business Continuity Management Cycle6. Introduction to the Business Impact Analysis7. The Business Impact Analysis: A Hitch-Hikers Guide8. Application and Uses of BIA Information9. Technology, Exposures and Continuity10. Dependency Management: Supplier Management, Outsourcing and Business Support11. Opportunities and Other Applications for Business Continuity Tools and Principles12. The People Factor13. The Value of Insurance When Facing Potentially Catastrophic Risk14.Communications15. Emergency and Governmental Services16. Rehearsals and Exercising of Plans and Risk Decision-Making17. Maintenance, Benchmarking, Assurance and Audit18. Developing a Plan - Putting Theory Into PracticeAPPENDIX A:British Standard PAS 56, Guide to Business Continuity Management, Annex B: BCM Evaluation CriteriaGlossary. |
| benchmarking in risk management: The Benchmarking Book Tim Stapenhurst, 2009-06-04 With growing demands for increased operational efficiency and process improvement in organizations of all sizes, more and more companies are turning to benchmarking as a means of setting goals and measuring performance against the products, services and practices of other organizations that are recognized as leaders. The Benchmarking Book is an indispensable guide to process improvement through benchmarking, providing managers, practitioners and consultants with all the information needed to carry out effective benchmarking studies. Covering everything from essential theory to important considerations such as project management and legal issues, The Benchmarking Book is the ideal step-by-step guide to assessing and improving your company’s processes and performance through benchmarking. |
| benchmarking in risk management: Risk Management Philosophy , |
| benchmarking in risk management: Value at Risk, 3rd Ed. Philippe Jorion, 2006-11-09 Since its original publication, Value at Risk has become the industry standard in risk management. Now in its Third Edition, this international bestseller addresses the fundamental changes in the field that have occurred across the globe in recent years. Philippe Jorion provides the most current information needed to understand and implement VAR-as well as manage newer dimensions of financial risk. Featured updates include: An increased emphasis on operational risk Using VAR for integrated risk management and to measure economic capital Applications of VAR to risk budgeting in investment management Discussion of new risk-management techniques, including extreme value theory, principal components, and copulas Extensive coverage of the recently finalized Basel II capital adequacy rules for commercial banks, integrated throughout the book A major new feature of the Third Edition is the addition of short questions and exercises at the end of each chapter, making it even easier to check progress. Detailed answers are posted on the companion web site www.pjorion.com/var/. The web site contains other materials, including additional questions that course instructors can assign to their students. Jorion leaves no stone unturned, addressing the building blocks of VAR from computing and backtesting models to forecasting risk and correlations. He outlines the use of VAR to measure and control risk for trading, for investment management, and for enterprise-wide risk management. He also points out key pitfalls to watch out for in risk-management systems. The value-at-risk approach continues to improve worldwide standards for managing numerous types of risk. Now more than ever, professionals can depend on Value at Risk for comprehensive, authoritative counsel on VAR, its application, and its results-and to keep ahead of the curve. |
| benchmarking in risk management: Benchmarking of Control Strategies for Wastewater Treatment Plants Krist V. Gernaey, Ulf Jeppsson, Peter A. Vanrolleghem, John B. Copp, 2014-09-15 Wastewater treatment plants are large non-linear systems subject to large perturbations in wastewater flow rate, load and composition. Nevertheless these plants have to be operated continuously, meeting stricter and stricter regulations. Many control strategies have been proposed in the literature for improved and more efficient operation of wastewater treatment plants. Unfortunately, their evaluation and comparison – either practical or based on simulation – is difficult. This is partly due to the variability of the influent, to the complexity of the biological and biochemical phenomena and to the large range of time constants (from a few minutes to several days). The lack of standard evaluation criteria is also a tremendous disadvantage. To really enhance the acceptance of innovative control strategies, such an evaluation needs to be based on a rigorous methodology including a simulation model, plant layout, controllers, sensors, performance criteria and test procedures, i.e. a complete benchmarking protocol. This book is a Scientific and Technical Report produced by the IWA Task Group on Benchmarking of Control Strategies for Wastewater Treatment Plants. The goal of the Task Group includes developing models and simulation tools that encompass the most typical unit processes within a wastewater treatment system (primary treatment, activated sludge, sludge treatment, etc.), as well as tools that will enable the evaluation of long-term control strategies and monitoring tasks (i.e. automatic detection of sensor and process faults). Work on these extensions has been carried out by the Task Group during the past five years, and the main results are summarized in Benchmarking of Control Strategies for Wastewater Treatment Plants. Besides a description of the final version of the already well-known Benchmark Simulation Model no. 1 (BSM1), the book includes the Benchmark Simulation Model no. 1 Long-Term (BSM1_LT) – with focus on benchmarking of process monitoring tasks – and the plant-wide Benchmark Simulation Model no. 2 (BSM2). Authors: Krist V. Gernaey, Technical University of Denmark, Lyngby, Denmark, Ulf Jeppsson, Lund University, Sweden, Peter A. Vanrolleghem, Université Laval, Quebec, Canada and John B. Copp, Primodal Inc., Hamilton, Ontario, Canada |
| benchmarking in risk management: Probabilistic Benchmarking Andrew Banasiewicz, 2024-09-23 What is a ‘good’ outcome? In relation to others, and in relation to the past? Commonly associated with the ideas of benchmarking and baselining, comparative assessment is an important part of organizational management, but this broadly defined undertaking lacks clear conceptual framing and methodological foundations. At the same time, the readily available transactional data make robust tracking and measurement possible at an unprecedented scale, but also accentuate the impact of assessment paradox: To be truly meaningful, exact magnitudes-expressed values often need to be ‘translated’ into qualitative, assessment-laden categories, but that task is impeded by lack of established approaches for doing so. Inspired by these observations, Probabilistic Benchmarking frames the notions of benchmarking and baselining as two complementary but distinct mechanisms of comparative assessment that make use of informational contents of organizational data to contribute unbiased, systematic, and consistent evaluation of outcomes or states of interest. In that general context, this book provides much-needed conceptual and methodological clarity to guide construction and use of benchmarks and baselines, and re-casts the idea of assessment standards in the context of data-derived estimates, to better align the practice of comparative assessment with the emerging realities of the Age of Data. This pioneering research-based but application-minded book bridges the gap between theory and practice. It will greatly benefit professionals, business students and others interested in the broad domain of organizational assessment. |
| benchmarking in risk management: Valuation and Risk Management in Energy Markets Glen Swindle, 2014-02-17 Valuation and Risk Management in Energy Markets surveys the mechanics of energy markets and the valuation of structures commonly arising in practice. The presentation balances quantitative issues and practicalities facing portfolio managers, with substantial attention paid to the ways in which common methods fail in practice and to alternative methods when they exist. The material spans basic fundamentals of markets, statistical analysis of price dynamics, and a sequence of increasingly challenging structures, concluding with issues arising at the enterprise level. In totality, the material has been selected to provide readers with the analytical foundation required to function in modern energy trading and risk management groups. |
| benchmarking in risk management: The Rules of Project Risk Management Robert James Chapman, 2016-02-24 The evidence continues to grow that the effective management of risk is the very kernel of successful project management. Its absence frequently leaves project sponsors lamenting missed objectives and shareholders coming to terms with an organisation’s poor bottom line performance. Dr Robert Chapman's The Rules of Project Risk Management stands out from other risk management texts because it provides very practical guidance, supported by numerous mini case studies, many of which have attracted considerable publicity. The book brings to life both the benefits of project risk management when effectively applied and the ramifications when it is misunderstood or receives scant attention. The structure of the book is based on International Standard ISO 31000 seen through the lens of general systems theory - where projects are undertaken by organisations which have an external context and internal sub-systems. A project system is seen to be composed of seven key subject areas. Practical short ’rules’ or implementation guidelines, written in an engaging style, are offered to support each of these subject areas and aid quick assimilation of key risk management messages. Each rule focuses on a specific aspect of effective risk management which warrants attention in its own right. Taken together the rules will provide those implementing projects with the building blocks to secure a project’s objectives. They have been drawn from a wealth of experience gained from applying risk management practices across multiple industries from Europe to Africa, the Middle East and Asia. |
| benchmarking in risk management: Investment Theory and Risk Management, + Website Steven Peterson, 2012-05-08 A unique perspective on applied investment theory and risk management from the Senior Risk Officer of a major pension fund Investment Theory and Risk Management is a practical guide to today's investment environment. The book's sophisticated quantitative methods are examined by an author who uses these methods at the Virginia Retirement System and teaches them at the Virginia Commonwealth University. In addition to showing how investment performance can be evaluated, using Jensen's Alpha, Sharpe's Ratio, and DDM, he delves into four types of optimal portfolios (one that is fully invested, one with targeted returns, another with no short sales, and one with capped investment allocations). In addition, the book provides valuable insights on risk, and topics such as anomalies, factor models, and active portfolio management. Other chapters focus on private equity, structured credit, optimal rebalancing, data problems, and Monte Carlo simulation. Contains investment theory and risk management spreadsheet models based on the author's own real-world experience with stock, bonds, and alternative assets Offers a down-to-earth guide that can be used on a daily basis for making common financial decisions with a new level of quantitative sophistication and rigor Written by the Director of Research and Senior Risk Officer for the Virginia Retirement System and an Associate Professor at Virginia Commonwealth University's School of Business Investment Theory and Risk Management empowers both the technical and non-technical reader with the essential knowledge necessary to understand and manage risks in any corporate or economic environment. |
| benchmarking in risk management: Applied Software Risk Management C. Ravindranath Pandian, 2006-12-15 Few software projects are completed on time, on budget, and to their original specifications. Focusing on what practitioners need to know about risk in the pursuit of delivering software projects, Applied Software Risk Management: A Guide for Software Project Managers covers key components of the risk management process and the software development process, as well as best practices for software risk identification, risk planning, and risk analysis. Written in a clear and concise manner, this resource presents concepts and practical insight into managing risk. It first covers risk-driven project management, risk management processes, risk attributes, risk identification, and risk analysis. The book continues by examining responses to risk, the tracking and modeling of risks, intelligence gathering, and integrated risk management. It concludes with details on drafting and implementing procedures. A diary of a risk manager provides insight in implementing risk management processes. Bringing together concepts across software engineering with a project management perspective, Applied Software Risk Management: A Guide for Software Project Managers presents a rigorous, scientific method for identifying, analyzing, and resolving risk. |
| benchmarking in risk management: Quality Management Marco Sartor, Guido Orzes, 2019-05-09 The book describes the most important quality management tools (e.g. QFD, Kano model), methods (e.g. FMEA, Six Sig-ma) and standards (e.g. IS0 9001, ISO 14001, ISO 27001, ISO 45001, SA8000). It reflects recent developments in the field. It is considered a must-read for students, academics, and practitioners. |
| benchmarking in risk management: Quality and Risk Management in the IVF Laboratory Sharon T. Mortimer, David Mortimer, 2015-03-02 Updated edition of this bestselling book, now extended to include quality and risk management in the ART clinic. |
| benchmarking in risk management: Fundamentals of Risk Management Paul Hopkin, Institute of Risk Management, 2012-05-03 Now more than ever, organizations must plan, response and recognize all forms of risks that they face. Fundamentals of Risk Management, now in its second edition, provides a comprehensive introduction to the subject of commercial and business risk for anyone studying for a career in risk as well as a broad range of risk professionals. It examines the key components of risk management and its application with examples to demonstrate its benefit to organisations in the public and private sector. The second edition has been completely updated to take into account the greater influence of ISO 3100, the emergence of Governance Risk and Compliance (GRC) and the wide use of the bowtie method to illustrate risk management. In addition, there is now a chapter on the skills and competencies required by an effective risk manager. |
| benchmarking in risk management: Successful Health & Safety Management Great Britain. Health and Safety Executive, 1991 The costs of failure to manage health and safety successfully are high. This manual was prepared by HSE's Accident Prevention Advisory Unit as a practical guide for directors, managers and health and safety professionals intent on improving health and safety performance. The advice given here will be increasingly used by HSE inspectors as a basis for testing the performance of organizations against the general duties of the Health and Safety at Work etc Act 1974. |
| benchmarking in risk management: Organizational Sustainability and Risk Management Denice Viktoria Staaf, Robert B. Pojasek, 2023-07-14 This new edition is completely revamped and reorganized to reflect the change in standards and regulations and to include all new topics related to organizational sustainability and risk management. The role that the Sustainable Development Goals (SDGs) play within the realm of organizational sustainability is one of many new topics. Organizational Sustainability and Risk Management: A Practical Step-by-Step Guide, Second Edition will continue to remind all stakeholders how organizations work through a measurement transformation that affects everything they do including following the International Organization for Standardization’s (ISO) Guide for Sustainability and climate change. The book is enriched with a discussion on life cycle thinking that has been introduced in the ISO high-level structure. Discussions on a fundamental change in how organizations approach sustainability and how we view organizational sustainability are covered. This book offers a platform for managing all activities, products, and services tailored to the needs of the organization and presents how important environmental, social, and governance (ESG) standards are to determine the potential for increased financial growth of organizations that have implemented organizational sustainability. The book is for professionals and can be used in continuing education sustainability courses as well as company-provided short courses where the new regulations for sustainability and ESG reporting are addressed. |
| benchmarking in risk management: Lees' Process Safety Essentials Sam Mannan, 2013-11-12 Lees' Process Safety Essentials is a single-volume digest presenting the critical, practical content from Lees' Loss Prevention for day-to-day use and reference. It is portable, authoritative, affordable, and accessible — ideal for those on the move, students, and individuals without access to the full three volumes of Lees'. This book provides a convenient summary of the main content of Lees', primarily drawn from the hazard identification, assessment, and control content of volumes one and two. Users can access Essentials for day-to-day reference on topics including plant location and layout; human factors and human error; fire, explosion and toxic release; engineering for sustainable development; and much more. This handy volume is a valuable reference, both for students or early-career professionals who may not need the full scope of Lees', and for more experienced professionals needing quick, convenient access to information. - Boils down the essence of Lees'—the process safety encyclopedia trusted worldwide for over 30 years - Provides safety professionals with the core information they need to understand the most common safety and loss prevention challenges - Covers the latest standards and presents information, including recent incidents such as Texas City and Buncefield |
| benchmarking in risk management: Infrastructure as an Asset Class Barbara Weber, Mirjam Staub-Bisang, Hans Wilhelm Alfen, 2016-05-19 Clear, comprehensive guidance toward the global infrastructure investment market Infrastructure As An Asset Class is the leading infrastructure investment guide, with comprehensive coverage and in-depth expert insight. This new second edition has been fully updated to reflect the current state of the global infrastructure market, its sector and capital requirements, and provides a valuable overview of the knowledge base required to enter the market securely. Step-by-step guidance walks you through individual infrastructure assets, emphasizing project financing structures, risk analysis, instruments to help you understand the mechanics of this complex, but potentially rewarding, market. New chapters explore energy, renewable energy, transmission and sustainability, providing a close analysis of these increasingly lucrative areas. The risk profile of an asset varies depending on stage, sector and country, but the individual structure is most important in determining the risk/return profile. This book provides clear, detailed explanations and invaluable insight from a leading practitioner to give you a solid understanding of the global infrastructure market. Get up to date on the current global infrastructure market Investigate individual infrastructure assets step-by-step Examine illustrative real-world case studies Understand the factors that determine risk/return profiles Infrastructure continues to be an area of global investment growth, both in the developed world and in emerging markets. Conditions continually change, markets shift and new considerations arise; only the most current reference can supply the right information practitioners need to be successful. Infrastructure As An Asset Class provides clear reference based on the current global infrastructure markets, with in-depth analysis and expert guidance toward effective infrastructure investment. |
| benchmarking in risk management: Food Safety, Risk Intelligence and Benchmarking Sylvain Charlebois, 2016-12-15 This book comprehensively argues for more future benchmarking between nations. Since the initial food safety benchmarking report was published in 2008, the sharing of data and protocols among nations has dramatically increased. It was intended to identify and evaluate common elements among global food safety systems. More specifically, benchmarking identifies those countries that employ comparatively best practices to assess, manage, and communicate the risks related to the safety of food and their respective food systems. The overarching intent of this benchmarking assessment, however, is to stimulate exchange and discussion on food safety performance among nations. |
| benchmarking in risk management: The Rules of Project Risk Management Robert James Chapman, 2019-09-10 The Rules of Project Risk Management, 2nd Edition, provides practical experience-based guidance to support the delivery of effective project risk management. While the discipline is recognised as a major contributor to the successful outcome of projects, its implementation is far from straightforward. Successful delivery requires an in-depth understanding of the ingredients of effective risk management practices which impact project performance. The book’s value is derived from the description of these ingredients in a manner which will support their practical implementation. The author describes a series of guidelines (labelled rules) to support the practical application of project risk management to positively influence project outcomes. The rules are supported by mini case studies of both successful and unsuccessful projects to bring to life the ramifications of effective and poor risk management respectively, and are assembled under seven headings of environment, external stakeholders, organisation and culture, leadership and governance, internal stakeholders, risk resources and system. This second edition contains a new glossary of terms and an overview of the risk management process to enable those new to the subject to understand the core risk management activities. It also contains six more individual guidelines and ten more case studies to support practitioners, researchers and academics alike to gain an even greater appreciation of the drivers of successful project risk management. Enabling the reader to get inside risk management to gain an appreciation of the individual components and how the engine works, this book is essential reading for project and risk management professionals. While the guidelines are described individually so specific subjects can be examined in detail, they must be considered together, for like a car, specialist carburettors, fuel injection or high-octane fuel on their own do not support improved performance. The guidelines can be considered as the elements that should be taken into account when compiling a risk maturity model to drive incremental improvement in risk management practices. |
| benchmarking in risk management: Managing Risk and Security Stephan M. Wagner, Christoph Bode, 2009 |
Benchmarking - Wikipedia
Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are …
What Is Benchmarking? Types, Benefits, and Practical Use Cases
Jun 5, 2025 · Benchmarking is the process of comparing your company’s performance against companies that operate in the same niche, are of similar size, and have a similar target …
Benchmarking: Meaning, Steps and Types - GeeksforGeeks
May 7, 2024 · What is Benchmarking? Benchmarking is a strategic management approach that organisations use to gain a competitive edge by comparing their practices, processes, and …
What is Benchmarking? Technical & Competitive Benchmarking Process - ASQ
Benchmarking is defined as the process of measuring products, services, and processes against those of organizations known to be leaders in one or more aspects of their operations.
What Is Benchmarking? Definition, Examples and Meaning - Oberlo
Benchmarking is a systematic process where a business measures its success against competitors to discover how to improve performance. The goal is to identify gaps, learn from …
What Is Benchmarking? (With Purposes, 8 Types and Example)
Jun 6, 2025 · Benchmarking is an important business strategy that involves measuring an organization's operations and output to identify areas for improvement. Using benchmarks in …
Essential Guide to Benchmarking: Types, Benefits, and Best Practices
Jun 5, 2025 · Benchmarking is a systematic process of measuring and comparing an organization’s performance, processes, and practices against those of other organizations, …
What Is Benchmarking? Uses and Benefits in Business - Business News Daily
Oct 30, 2023 · Benchmarking in business means measuring your company’s quality, performance and growth by analyzing the processes and procedures of others.
Benchmarking Approaches and Best Practices - SM Insight
Apr 4, 2025 · Benchmarking is a strategy tool used to compare the performance of business processes and products with the best performances of other companies inside and outside the …
The power of benchmarking | CQI | IRCA - quality.org
May 27, 2025 · Benchmarking is a structured method of comparing the processes or products of one company, group or team against those of another. It is widely used to identify potential …
Benchmarking - Wikipedia
Benchmarking is the practice of comparing business processes and performance metrics to industry …
What Is Benchmarking? Types, Benefits, and Practical Use Ca…
Jun 5, 2025 · Benchmarking is the process of comparing your company’s performance against companies that …
Benchmarking: Meaning, Steps and Types - GeeksforGeeks
May 7, 2024 · What is Benchmarking? Benchmarking is a strategic management approach that …
What is Benchmarking? Technical & Competitive Benc…
Benchmarking is defined as the process of measuring products, services, and processes against those of …
What Is Benchmarking? Definition, Examples and Mea…
Benchmarking is a systematic process where a business measures its success against competitors to discover how …
