Risk-Based Management in the World of Threats and Opportunities

Risk-Based Management in the World of Threats and Opportunities : A Project Controls Perspective

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Risk-based Management in the World of Threats and Opportunities provides new and additional knowledge to project management practitioners, risk management specialists, and for undergraduate students taking up courses in Risk Management. The purpose of life is managing risk. It is in front of all of us and in the very fabric of our daily life. Risk management is the only thing we do for a living. This is the reason why we go to work every day. If we still do not realize this intriguing conclusion then I guess, we are all familiar with risks like close friends but we still do not know them well enough. Grab a copy, read and I will show you how to better appreciate the word risk, threat, opportunity, and the concept of risk-based management in the simplest terms. The sectional contents offer practical and common sense approach surrounding risk-based thinking to managers, directors, aspiring industry professionals, and newcomers. The material is especially design to start with the foundational principles and gradually bringing the reader to deeper topics using simple terminologies in conversational style. Risk-based management is a serious approach and a philosophy that takes risk as major consideration while managing any endeavor throughout its life cycle. Risk-based management increases the probability of success in achieving organizational and individual objectives. It simply means that risk should be the main contemplation by anyone while keeping an eye to achieving objectives. Risk is a primary concern in pursuit of a goal. Risk is not only a factor or featured element of management. It is the main character at play. Risk-based management gives importance to objectives. Failing to mitigate the risk means failure to meet the objective/s. Each chapter is an open-minded appraisal of risk, its concept, its approaches, its visual, basis, assumptions, methodologies, tools, and applications. Risk attributes were revisited and explained in a more vivid, flexible and friendly manner. I want to talk about risk and risk-based management with someone fresh from high school and one deep in the fields, yet coming to the same understanding because this book has bridged understanding. One must remember the idea of risk like a picture. If the book manages to accomplish that, then I consider the book a success.show more

Product details

  • Paperback | 372 pages
  • 152 x 229 x 20mm | 494g
  • Createspace
  • United States
  • English
  • black & white illustrations
  • 1508758956
  • 9781508758952
  • 2,359,998

About Rufran C Frago

Rufran C. Frago is a Canadian author. He studied at Batangas State University and University of Batangas graduating with a Diploma in Petroleum Refinery Maintenance Technician (1979), Bachelor of Science in Mechanical Engineering (1984), and Bachelor of Science in Management Engineering in 1987 respectively. He was in his senior year taking up Bachelor of Science in Electrical Engineering, needing only one semester to complete, when he took a break to concentrate on married life. Rufran has never stopped academic learning after getting his degrees in the University. He continues his education by taking up some MBA courses under the University of the Philippines-PBMIT Consortium (1987-1988). He completed Computer Technician Program at International Correspondence School, Pennsylvania, USA in 1994, Applied Project Management Certificate program at Southern Alberta Institute of Technology in 2009, and Professional Management Certificate program specializing in Construction Management in 2014. He is now completing the Professional Management Certificate program specializing in Risk Management. He was a recipient of the Gerry Roxas Leadership Award (1976) and the American Field Service (AFS) Scholarship in 1976-77, studying in America for a year. Upon his return in 1977, California-Texas Philippines (Caltex Philippines Inc.), one of Asia's biggest oil and gas refineries at the time, awards him with a two-year national college scholarship, specializing in Petroleum Refinery Maintenance. He went on extensive training in various maintenance disciplines for the next two years. Caltex hired him upon his graduation in 1979. He has spent more than 38 years of his life working in the Oil & Gas, Petrochemicals, Oleo-chemicals, Sugar Refining/Manufacturing, Consultancy, High School and University Education industries in Asia, Middle East, Canada, and North Africa). Rufran has worked with Caltex, Uniman, Unichem (now Cocochem), ARAMCO-KSA, Central Azucarera de Tarlac, Arabian Gulf Oil Company-Libya, Batangas State University, St. Bridget's College, JG Summit Petrochemicals, Halliburton-Kellogg, Brown and Root, and OPTI Canada. He works with Suncor Energy Inc at present. He has wide range of expertise across various disciplines. He wants to share his knowledge and leave behind some form of legacy to all specially his wife, children and grandchildren, Eva and Mia.show more