An essential guide to the calibrated risk analysis approach The Failure of Risk Management takes a close look
at misused and misapplied basic analysis methods and shows how some of the most popular "risk management"
methods are no better than astrology! Using examples from the 2008 credit crisis, natural disasters, outsourcing
to China, engineering disasters, and more, Hubbard reveals critical flaws in risk management methods-and shows
how all of these problems can be fixed. The solutions involve combinations of scientifically proven and frequently
used methods from nuclear power, exploratory oil, and other areas of business and government. Finally, Hubbard
explains how new forms of collaboration across all industries and government can improve risk management in every
field.Douglas W. Hubbard (Glen Ellyn, IL) is the inventor of Applied Information Economics (AIE) and the author
of Wiley? How to Measure Anything: Finding the Value of Intangibles in Business (978-0-470-11012-6), the #1 bestseller
in business math on Amazon. He has applied innovative risk assessment and risk management methods in government
and corporations since 1994.