When it really is a matter of life and death, how do risk management strategies stand up to the pressure? Do such radical situations have a practical relevance to risk management policies in today's business and financial worlds? "Managing Risk in Extreme Environments" looks at real-life examples - from epidemics to earthquakes - to showcase risk management strategies which have been tested in adverse conditions and shown to succeed. The author then demonstrates how the lessons learnt from each can be effectively applied in business. Including first-hand interviews, and a summary of core risk management concepts, this is a cracking good read for all risk management professionals and business managers
Preface: One winter's day in Kabul
Pt. I Case Studies 9
1 Epidemic 11
2 Wildfire 29
3 Terrorism 44
4 Extreme humanitarian aid 62
5 Mountain 77
6 Meltdown 88
7 Extraction 104
8 Flood 117
9 Earthquake 131
Pt. II Themes 143
10 Managing risk in extreme environments 145
11 So what? 153
12 The seven laws of extreme risk management 162
1 Death focuses the mind 162
2 Honesty matters 163
3 Reality beats simulation 164
4 Standards drive success 165
5 Beware unintended consequences 166
6 Stuff happens 167
7 Risk managers need a loud voice and a truck skin 168