Corporate risk management:
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Hoboken, NJ
Wiley
2008
|
| Ausgabe: | 2. ed. |
| Schlagworte: | |
| Online-Zugang: | Publisher description Table of contents only Inhaltsverzeichnis |
| Beschreibung: | Includes bibliographical references and index |
| Beschreibung: | XVIII, 422 S. graph. Darst. |
| ISBN: | 9780470518335 |
Internformat
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| 100 | 1 | |a Merna, Tony |e Verfasser |0 (DE-588)128770481 |4 aut | |
| 245 | 1 | 0 | |a Corporate risk management |c Tony Merna and Faisal Al-Thani |
| 250 | |a 2. ed. | ||
| 264 | 1 | |a Hoboken, NJ |b Wiley |c 2008 | |
| 300 | |a XVIII, 422 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 500 | |a Includes bibliographical references and index | ||
| 650 | 4 | |a Risk management | |
| 650 | 4 | |a Corporations |x Finance |x Management | |
| 650 | 4 | |a Industrial management | |
| 650 | 0 | 7 | |a Unternehmen |0 (DE-588)4061963-1 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Risikomanagement |0 (DE-588)4121590-4 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Risikomanagement |0 (DE-588)4121590-4 |D s |
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| 689 | 1 | 0 | |a Unternehmen |0 (DE-588)4061963-1 |D s |
| 689 | 1 | 1 | |a Risikomanagement |0 (DE-588)4121590-4 |D s |
| 689 | 1 | |5 DE-188 | |
| 700 | 1 | |a Al-Thani, Faisal F. |e Verfasser |4 aut | |
| 856 | 4 | |u http://www.loc.gov/catdir/enhancements/fy0810/2008004969-d.html |3 Publisher description | |
| 856 | 4 | |u http://www.loc.gov/catdir/enhancements/fy0810/2008004969-t.html |3 Table of contents only | |
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Datensatz im Suchindex
| _version_ | 1804137622126198784 |
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| adam_text | CORPORATE RISK MANAGEMENT 2ND EDITION TONY MERNA AND FAISAL AL-THANI
JOHN WILEY & SONS, LTD CONTENTS 1 INTRODUCTION 1.1 INTRODUCTION 1.2 WHY
MANAGING RISK IS IMPORTANT 1.3 GENERAL DEFINITION OF RISK MANAGEMENT 1.4
BACKGROUND AND STRUCTURE 1.5 AIM 1.6 * SCOPE OF THE BOOK 2 THE CONCEPT
OF RISK AND UNCERTAINTY AND THE SOURCES AND TYPES OF RISK 2.1
INTRODUCTION 2.2 BACKGROUND 2.3 RISK AND UNCERTAINTY: BASIC CONCEPTS AND
GENERAL PRINCIPLES 2.4 THE ORIGIN OF RISK 2.4.1 DIMENSIONS OF RISK 2.5
UNCERTAINTIES 2.6 SOURCES OF RISK 2.7 TYPICAL RISKS 2.7.1 PROJECT RISKS
2.7.2 GLOBAL RISKS 2.7.3 ELEMENTAL RISKS 2.7.4 HOLISTIC RISK 2.7.5
STATIC RISK 2.7.6 DYNAMIC RISK 2.7.7 INHERENT RISK 2.7.8 CONTINGENT RISK
1 1 1 2 3 4 4 7 7 7 8 9 11 12 15 18 18 20 20 20 21 21 21 22 VIII
CONTENTS 2.7.9 CUSTOMER RISK 23 2.7.10 FISCAL/REGULATORY RISK 23 2.7.11
PURCHASING RISK 23 2.7.12 REPUTATION/DAMAGE RISK 24 2.7.13
ORGANISATIONAL RISK 24 2.7.14 INTERPRETATION RISK 24 2.7.15 IT RISK 24
2.7.16 THE OPEC RISK 25 2.7.17 PROCESS RISK 26 2.7.18 HEURISTICS 27
2.7.19 DECOMMISSIONING RISK 28 2.7.20 INSTITUTIONAL RISKS 28 2.7.21
SUBJECTIVE RISK AND ACCEPTABLE RISK 28 2.7.22 PURE RISKS AND SPECULATIVE
RISKS 29 2.7.23 FUNDAMENTAL RISKS AND PARTICULAR RISKS 29 2.7.24
IATROGENIC RISKS 29 2.7.25 DESTRUCTIVE TECHNOLOGY RISK 29 2.7.26
PERCEIVED AND VIRTUAL RISKS 30 2.7.27 FORCE MAJEURE 30 2.8 PERCEPTIONS
OF RISK 33 2.9 STAKEHOLDERS IN AN INVESTMENT 34 2.9.1 STAKEHOLDER
IDENTIFICATION 35 2.9.2 STAKEHOLDER PERSPECTIVES 36 2.9.3 STAKEHOLDER
PERCEPTIONS 36 2.10 SUMMARY / 37 THE EVOLUTION OF RISK MANAGEMENT AND
THE RISK MANAGEMENT PROCESS 39 3.1 INTRODUCTION 39 3.2 THE EVOLUTION OF
RISK MANAGEMENT 39 3.2.1 THE BIRTH OF RISK MANAGEMENT 39 3.2.2 RISK
MANAGEMENT IN THE 1970S - EARLY BEGINNINGS 40 3.2.3 RISK MANAGEMENT IN
THE 1980S - QUANTITATIVE ANALYSIS PREDOMINATES 40 3.2.4 RISK MANAGEMENT
IN THE 1990S - EMPHASIS ON METHODOLOGY AND PROCESSES 42 3.3 RISK
MANAGEMENT 44 3.4 THE RISK MANAGEMENT PROCESS - IDENTIFICATION, ANALYSIS
AND RESPONSE 44 3.5 3.6 3.7 3.8 4 RISK 4.1 4.2 4.3 4.4 4.5 CONTENTS
3.4.1 RISK IDENTIFICATION 3.4.2 RISK QUANTIFICATION AND ANALYSIS 3.4.3
RISK RESPONSE 3.4.4 SELECTION OF RISK RESPONSE OPTIONS 3.4.5 OUTPUTS
FROM THE RISK RESPONSE PROCESS 3.4.6 RISK MANAGEMENT WITHIN THE PROJECT
LIFE CYCLE 3.4.7 THE TASKS AND BENEFITS OF RISK MANAGEMENT 3.4.8 THE
BENEFICIARIES OF RISK MANAGEMENT EMBEDDING RISK MANAGEMENT INTO YOUR
ORGANISATION RISK MANAGEMENT PLAN EXECUTIVE RESPONSIBILITY AND RISK
SUMMARY MANAGEMENT TOOLS AND TECHNIQUES INTRODUCTION DEFINITIONS RISK
ANALYSIS TECHNIQUES 4.3.1 CHOICE OF TECHNIQUE(S) QUALITATIVE TECHNIQUES
IN RISK MANAGEMENT 4.4.1 BRAINSTORMING 4.4.2 ASSUMPTIONS ANALYSIS 4.4.3
DELPHI 4.4.4 INTERVIEWS 4.4.5 HAZARD AND OPERABILITY STUDIES (HAZOP) 4.4
6 FAILURE MODES AND EFFECTS CRITICALITY ANALYSIS (FMECA) 4.4.7
CHECKLISTS 4.4.8 PROMPT LISTS 4.4.9 RISK REGISTERS 4.4.10 RISK MAPPING
4.4.11 PROBABILITY-IMPACT TABLES 4.4.12 RISK MATRIX CHART 4.4.13 PROJECT
RISK MANAGEMENT ROAD MAPPING QUANTITATIVE TECHNIQUES IN RISK MANAGEMENT
4.5.1 DECISION TREES 4.5.2 CONTROLLED INTERVAL AND MEMORY TECHNIQUE
4.5.3 MONTE CARLO SIMULATION 4.5.4 SENSITIVITY ANALYSIS 4.5.5
PROBABILITY-IMPACT GRID ANALYSIS IX 47 50 51 55 55 55 57 58 60 61 62 65
67 67 67 68 68 69 69 70 70 71 71 71 72 72 72 73 74 74 76 76 76 78 79 81
83 CONTENTS 4.6 4.7 4.8 4.9 4.10 QUANTITATIVE AND QUALITATIVE RISK
ASSESSMENTS VALUE MANAGEMENT 4.7.1 VALUE MANAGEMENT TECHNIQUES OTHER
RISK MANAGEMENT TECHNIQUES 4.8.1 SOFT SYSTEMS METHODOLOGY (SSM) 4.8.2
UTILITY THEORY 4.8.3 RISK ATTITUDE AND UTILITY THEORY 4.8.4 NOMINAL
GROUP TECHNIQUE 4.8.5 STRESS TESTING AND DETERMINISTIC ANALYSIS 4.8.6
TORNADO DIAGRAM COUNTRY RISK ANALYSIS 4.9.1 COUNTRY RISK SOURCES - THE
CHECKLIST 4.9.2 POLITICAL RISK 4.9.3 FINANCIAL RISK 4.9.4 ORGANISATIONAL
USAGE OF RISK MANAGEMENT TECHNIQUES I SUMMARY 5 FINANCING PROJECTS,
THEIR RISKS AND RISK MODELLING 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8
INTRODUCTION CORPORATE FINANCE PROJECT FINANCE 5.3.1 BASIC FEATURES OF
PROJECT FINANCE 5.3.2 SPECIAL PROJECT VEHICLE (SPV) 5.3.3 NON-RECOURSE
OR LIMITED RECOURSE FUNDING 5.3.4 OFF-BALANCE-SHEET TRANSACTION 5.3.5
SOUND INCOME STREAM OF THE PROJECT AS THE PREDOMINANT BASIS FOR
FINANCING 5.3.6 PROJECTS AND THEIR CASH FLOWS FINANCIAL INSTRUMENTS DEBT
5.5.1 TERM LOANS 5.5.2 STANDBY LOANS * 5.5.3 SENIOR AND SUBORDINATE DEBT
MEZZANINE FINANCE INSTRUMENTS 5.6.1 BOND RATINGS 5.6.2 TYPES OF BONDS
EQUITY 5.7.1 ORDINARY EQUITY AND PREFERENCE SHARES FINANCIAL RISKS 84 85
88 90 90 92 93 95 95 97 97 99 99 105 106 107 109 109 109 111 112 112 112
113 113 114 116 116 117 118 118 119 120 121 123 123 126 CONTENTS 5.8.1
CONSTRUCTION DELAY 5.8.2 CURRENCY RISK 5.8.3 INTEREST RATE RISK 5.8.4
EQUITY RISK 5.8.5 CORPORATE BOND RISK 5.8.6 LIQUIDITY RISK 5.8.7
COUNTER-PARTY RISK 5.8.8 MAINTENANCE RISK 5.8.9 TAXATION RISK 5.8.10
REINVESTMENT RISK 5.8.11 COUNTRY RISK 5.9 NON-FINANCIAL RISKS AFFECTING
PROJECT FINANCE 5.9.1 DYNAMIC RISK 5.9.2 INHERENT RISK 5.9.3 CONTINGENT
RISK 5.9.4 CUSTOMER RISK 5.9.5 REGULATORY RISK 5.9.6 REPUTATION/DAMAGE
RISK 5.9*.7 ORGANISATIONAL RISK 5.9.8 INTERPRETATION RISK 5.10 MANAGING
FINANCIAL RISKS 5.10.1 CONSTRUCTION DELAY 5.10.2 CURRENCY RISK 5.10.3
INTEREST RATE RISK 5.10.4 EQUITY RISK 5.10.5 CORPORATE BOND RISK 5.10.6
LIQUIDITY RISK. 5.10.7 COUNTER-PARTY RISK 5.10.8 MAINTENANCE RISK 5.10.9
TAXATION RISK 5.10.10 REINVESTMENT RISK 5.10.11 COUNTRY RISK 5.11 RISK
MODELLING 5.12 TYPES OF RISK SOFTWARE 5.12.1 MANAGEMENT DATA SOFTWARE
PACKAGES 5.12.2 SPREADSHEET-BASED RISK ASSESSMENT SOFTWARE 5.12.3
PROJECT NETWORK-BASED RISK ASSESSMENT SOFTWARE 126 . 127 127 127 128 128
128 129 129 130 130 130 130 131 131 131 131 132 132 132 132 133 133 134
136 136 137 137 138 138 138 138 139 141 141 142 142 CONTENTS 5.12.4
STANDALONE PROJECT NETWORK-BASED RISK ASSESSMENT SOFTWARE 5.13 SUMMARY
PORTFOLIO ANALYSIS AND CASH FLOWS 6.1 INTRODUCTION 6.2 SELECTING A
PORTFOLIO STRATEGY 6.3 CONSTRUCTING THE PORTFOLIO 6.4 PORTFOLIO OF CASH
FLOWS 6.5 THE BOSTON MATRIX 6.6 SCENARIO ANALYSIS 6.7 DIVERSIFICATION
6.7.1 DIVERSIFICATION OF RISK 6.8 PORTFOLIO RISK MANAGEMENT 6.8.1
BUNDLING PROJECTS 6.8.2 CONSIDERATIONS 6.8.3 BUNDLING PROJECTS INTO A
PORTFOLIO 6.9 CROSS-COLLATERALISATION 6.10 CASH FLOWS 6.10.1 CASH FLOW
DEFINITION FOR PORTFOLIOS 6.10.2 REASONS FOR CHOOSING CASH FLOW CURVES
6.10.3 PROJECTS GENERATING MULTIPLE IRRS 6.10.4 MODEL CASH FLOW 6.11 AN
EXAMPLE OF PORTFOLIO MODELLING 6.11.1 FINANCIAL INSTRUMENTS 6.11.2
DEVELOPMENT OF THE MECHANISM 6.11.3 SPREADSHEETS 6.11.4 A PORTFOLIO OF
OIL AND GAS PROJECTS 6.12 SUMMARY RISK MANAGEMENT AT CORPORATE LEVEL 7.1
INTRODUCTION 7.2 DEFINITIONS 7.3 THE HISTORY OF THE CORPORATION 7.3.1
EQUITY CAPITAL OF A CORPORATION 7.4 CORPORATE STRUCTURE 7.5 CORPORATE
MANAGEMENT 7.5.1 THE CORPORATE BODY 7.5.2 THE LEGAL OBLIGATIONS OF
DIRECTORS 142 142 145 145 145 146 148 149 149 150 151 152 153 157 157
158 159 161 163 163 164 165 167 167 168 171 176 179 179 179 181 184 184
185 188 188 7.6 7.7 7.8 7.9 7.10 7.11 7.12 7.13 7.14 7.15 8 RISK 8.1 8.2
8.3 8.4 8.5 8.6 8.7 8.8 8.9 8.10 8.11 CONTENTS 7.5.3 THE BOARD 7.5.4 THE
COMPOSITION OF THE BOARD CORPORATE FUNCTIONS 7.6.1 CORPORATE GOVERNANCE
CORPORATE STRATEGY RECOGNISING RISKS SPECIFIC RISKS AT CORPORATE LEVEL
THE CHIEF RISK OFFICER HOW RISKS ARE ASSESSED AT CORPORATE LEVEL
CORPORATE RISK STRATEGY 7.12.1 HEALTH AND SAFETY AND THE ENVIRONMENT
CORPORATE RISK: AN OVERVIEW THE FUTURE OF CORPORATE RISK SUMMARY
MANAGEMENT AT STRATEGIC BUSINESS LEVEL INTRODUCTION DEFINITIONS BUSINESS
FORMATION STRATEGIC BUSINESS UNITS 8.4.1 THE NEED FOR STRATEGIC LINKAGES
8.4.2 THE WRAPPERS MODEL 8.4.3 THE BUSINESS MANAGEMENT TEAM 8.4.4
STRATEGIC BUSINESS MANAGEMENT FUNCTIONS 8.4.5 TYPICAL RISKS FACED BY
STRATEGIC BUSINESS UNITS BUSINESS STRATEGY STRATEGIC PLANNING 8.6.1
STRATEGIC PLAN 8.6.2 STRATEGY AND RISK MANAGEMENT RECOGNISING RISKS
8.7.1 SPECIFIC RISKS AT BUSINESS LEVEL 8.7.2 TYPICAL SBU ORGANISATION
PORTFOLIO THEORY 8.8.1 MODERN PORTFOLIO THEORY 8.8.2 MATRIX SYSTEMS
PROGRAMME MANAGEMENT BUSINESS RISK STRATEGY TOOLS AT STRATEGIC BUSINESS
UNIT LEVEL XLLL 189 190 190 192 195 197 199 201 201 202 203 208 209 210
211 211 .211 212 214 215 216 .219 219 220 * 223 224 225 226 226 227 227
229 230 231 233 235 236 CONTENTS 8.12 STRATEGIC BUSINESS RISK: AN
OVERVIEW 236 8.13 SUMMARY 237 9 RISK MANAGEMENT AT PROJECT LEVEL 239 9.1
INTRODUCTION 239 9.2 THE HISTORY OF PROJECT MANAGEMENT 239 9.2.1 THE
EARLY YEARS: LATE NINETEENTH CENTURY 239 9.2.2 EARLY TWENTIETH-CENTURY
EFFORTS 239 9.2.3 MID TWENTIETH-CENTURY EFFORTS 240 9.2.4 LATE
TWENTIETH-CENTURY EFFORTS 240 9.3 DEFINITIONS 241 9.4 PROJECT MANAGEMENT
FUNCTIONS 242 9.4.1 THE PROJECT TEAM 244 9.4.2 PROJECT RISK ASSESSMENT
TEAMS 246 9.4.3 PROJECT GOALS 247 9.5 PROJECT STRATEGY ANALYSIS 247 9.6
WHY PROJECT RISK MANAGEMENT IS USED 248 9.7 RECOGNISING RISKS 250 9.7.1
SPECIFIC RISKS AT PROJECT LEVEL 251 9.7.2 WHAT RISKS ARE ASSESSED AT
PROJECT LEVEL? 252 9.7.3 PROJECT MANAGERS AND THEIR VIEW OF RISKS 254
9.8 PROJECT RISK STRATEGY 255 9.9 THE FUTURE OF PROJECT RISK MANAGEMENT
256 9.10 SUMMARY 256 10 RISK MANAGEMENT AT CORPORATE, STRATEGIC BUSINESS
AND PROJECT LEVELS 257 10.1 INTRODUCTION 257 10.2 RISK MANAGEMENT 257
10.3 THE RISK MANAGEMENT PROCESS 257 10.4 COMMON APPROACHES TO RISK
MANAGEMENT BY ORGANISATIONS 259 10.5 MODEL FOR RISK MANAGEMENT AT
CORPORATE, STRATEGIC BUSINESS AND PROJECT LEVELS 261 10.6 SUMMARY 267 11
RISK MANAGEMENT AND CORPORATE GOVERNANCE 269 11.1 INTRODUCTION 269 11.2
CORPORATE GOVERNANCE 270 CONTENTS 11.3 CORPORATE GOVERNANCE APPROACH IN
FRANCE 276 11.4 CORPORATE GOVERNANCE APPROACH BY THE EUROPEAN COMMISSION
278 11.5 CORPORATE GOVERNANCE AND INTERNAL CONTROL 279 11.6 SUMMARY 282
12 RISK MANAGEMENT AND BASEL II 283 12.1 INTRODUCTION 283 12.2 RISK
RATING SYSTEM (RRS) 285 12.2.1 CONCEPT OF PROBABILITY OF DEFAULT 285
12.2.2 CONCEPT OF LOSS GIVEN DEFAULT (LGD) 287 12.2.3 DATABASE 288 12.3
BORROWER RISK RATING SYSTEM AND PROBABILITY OF DEFAULT 288 12.3.1
FACILITY RISK RATING AND LOSS GIVEN DEFAULT 289 12.3.2 EXPECTED LOSS 289
12.4 RISK RATING AND PROVISIONING 290 12.4.1 RISK RATING AND CAPITAL
CHARGES 290 12.5 RISK RATING AND PRICING 291 12.5.1 INTEREST RATE AND
FEES 292 12.5.2 MANAGING LIABILITIES AND THE COST OF FUNDS 292 12.6
METHODOLOGY OF RRS AND RISK PRICING 293 12.6.1 EXAMPLE OF A RISK RATING
SYSTEM 294 12.7 GRID ANALYSIS OR STANDARDISING THE RISK ANALYSIS 296
12.7.1 RISK PRICING BASED ON RRS - SAMPLE CALCULATION 297 12.8
REGULATION IN OPERATIONAL RISK MANAGEMENT 298 12.8.1 BASEL II 298 12.9
SUMMARY 302 13 QUALITY RELATED RISKS 303 13.1 INTRODUCTION 303 13.2
DEFINING QUALITY RISKS 303 13.3 STANDARDISATION - ISO 9000 SERIES 305
13.4 QUALITY RISKS IN MANUFACTURING PRODUCTS 307 13.4.1 PRODUCT RECALL .
308 13.4.2 RE-WORK 309 13.4.3 SCRAP AND WASTAGE 310 13.4.4 CONSUMER
COMPLAINTS 312 CONTENTS 13.5 QUALITY RISKS IN SERVICES 313 13.6 QUALITY
CONTROL AND APPROACHES TO MINIMISE PRODUCT QUALITY RISKS 314 13.7
SUMMARY. 318 14 CASE STUDY 1: RISKS IN PROJECTS IN THE PHARMACEUTI- CAL
INDUSTRY 319 14.1 INTRODUCTION 319 14.2 THE PHARMACEUTICAL INDUSTRY 320
14.3 FILING WITH THE REGULATORY AUTHORITY 323 14.4 IDENTIFICATION AND
RESPONSE TO RISKS ENCOUNTERED IN DDPS 325 14.5 SUMMARY 331 15 CASE STUDY
2: RISK MODELLING OF SUPPLY AND OFF-TAKE CONTRACTS IN A PETROLEUM
REFINERY PROCURED THROUGH PROJECT FINANCE 333 15.1 INTRODUCTION 333 15.2
FINANCING A REFINERY PROJECT 334 15.3 BUNDLING CRUDE OIL CONTRACTS 335
15.4 ASSESSING A CASE STUDY 337 15.4.1 TEST 1 339 15.4.2 SUMMARY OF
RESULTS OF TEST 2, TEST 3 AND TEST 4 343 15.4.3 TEST 5 343 15.4.4 BUNDLE
ANALYSIS 343 15.5 BUNDLE SOLUTIONS AFTER RISK MANAGEMENT 344 15.6
SUMMARY 346 16 CASE STUDY 3: DEVELOPMENT OF RISK REGISTERS AT CORPORATE,
STRATEGIC BUSINESS UNIT AND PROJECT LEVELS AND A RISK STATEMENT 349 16.1
INTRODUCTION 349 16.2 LEVELS OF RISK ASSESSMENT 349 16.2.1 CORPORATE
RISK ASSESSMENT 350 16.2.2 STRATEGIC BUSINESS UNIT RISK ASSESSMENT 350
16.2.3 PROJECT LEVEL RISK ASSESSMENT 351 16.3 AMALGAMATION AND ANALYSIS
OF RISKS IDENTIFIED 352 16.4 THE PROJECT: BAGGAGE HANDLING FACILITY 355
16.4.1 CORPORATE LEVEL 355 CONTENTS 16.4.2 STRATEGIC BUSINESS UNIT LEVEL
16.4.3 PROJECT LEVEL 16.5 RISK STATEMENT 16.6 SUMMARY 17 CASE STUDY 4:
DEVELOPMENT OF A TYPICAL RISK STATEMENT TO SHAREHOLDERS 17.1
INTRODUCTION 17.2 UUU OVERVIEW AND RISK REGISTER 17.3 CORPORATE RISK
REGISTER 17.3.1 FOREIGN EXCHANGE RISK 17.3.2 POLITICAL/COUNTRY RISK
17.3.3 MARKET PERFORMANCE RISK (DEMAND RISK) 17.3.4 COMMODITY PRICES
(SUPPLY RISK) 17.3.5 INTEREST RATES 17.3.6 GOVERNMENT CONTRACT RISK
(DEMAND RISK) 17.3.7 LEGISLATIVE RISK 17.3.8 EH AND SAFETY RISK 17.3.9
INFORMATION TECHNOLOGY RISK 17.3.10 LEADERSHIP RISK 17.3.11
REPUTATION/PRODUCT QUALITY CONTROL RISK 17.3.12 COMPLIANCE RISK 17.3.13
AUDIT RISK 17.3.14 LEGAL RISK 17.3.15 TERRORISM/SECURITY RISK 17.3.16
HUMAN CAPITAL RISK 17.3.17 MERGER AND ACQUISITIONS RISK 17.4 STRATEGIC
BUSINESS UNITS RISK REGISTER 17.4.1 VERSPACK 17.4.2 LIFTGRO 17.4.3 FISAL
17.4.4 JAYPOWER 17.4.5 AEROBUSTEC 17.5 PROJECT LEVEL RISK REGISTER
17.5.1 CULTURAL/LANGUAGE RISK 17.5.2 PURCHASING RISK 17.5.3 DESIGN RISK
17.5.4 CASH FLOW/LIQUIDITY RISK 17.5.5 REGULATORY/ENVIRONMENTAL RISK
17.5.6 MAINTENANCE RISK 356 357 357 358 363 363 363 363 363 364 365 365
365 365 366 366 366 366 367 367 367 367 368 368 368 368 370 370 371 371
372 373 373 374 375 375 375 375 CONTENTS 17.5.7 COUNTER-PARTY RISK 375
17.5.8 DELAY RISK 376 17.5.9 TECHNOLOGY/SYSTEM S INTEGRATION RISK 376
17.6 RISK STATEMENT TO SHAREHOLDERS 376 17.7 SUMMARY 379 REFERENCES 381
INDEX 395
|
| adam_txt |
CORPORATE RISK MANAGEMENT 2ND EDITION TONY MERNA AND FAISAL AL-THANI
JOHN WILEY & SONS, LTD CONTENTS 1 INTRODUCTION 1.1 INTRODUCTION 1.2 WHY
MANAGING RISK IS IMPORTANT 1.3 GENERAL DEFINITION OF RISK MANAGEMENT 1.4
BACKGROUND AND STRUCTURE 1.5 AIM 1.6 * SCOPE OF THE BOOK 2 THE CONCEPT
OF RISK AND UNCERTAINTY AND THE SOURCES AND TYPES OF RISK 2.1
INTRODUCTION 2.2 BACKGROUND 2.3 RISK AND UNCERTAINTY: BASIC CONCEPTS AND
GENERAL PRINCIPLES 2.4 THE ORIGIN OF RISK 2.4.1 DIMENSIONS OF RISK 2.5
UNCERTAINTIES 2.6 SOURCES OF RISK 2.7 TYPICAL RISKS 2.7.1 PROJECT RISKS
2.7.2 GLOBAL RISKS 2.7.3 ELEMENTAL RISKS 2.7.4 HOLISTIC RISK 2.7.5
STATIC RISK 2.7.6 DYNAMIC RISK 2.7.7 INHERENT RISK 2.7.8 CONTINGENT RISK
1 1 1 2 3 4 4 7 7 7 8 9 11 12 15 18 18 20 20 20 21 21 21 22 VIII
CONTENTS 2.7.9 CUSTOMER RISK 23 2.7.10 FISCAL/REGULATORY RISK 23 2.7.11
PURCHASING RISK 23 2.7.12 REPUTATION/DAMAGE RISK 24 2.7.13
ORGANISATIONAL RISK 24 2.7.14 INTERPRETATION RISK 24 2.7.15 IT RISK 24
2.7.16 THE OPEC RISK 25 2.7.17 PROCESS RISK 26 2.7.18 HEURISTICS 27
2.7.19 DECOMMISSIONING RISK 28 2.7.20 INSTITUTIONAL RISKS 28 2.7.21
SUBJECTIVE RISK AND ACCEPTABLE RISK 28 2.7.22 PURE RISKS AND SPECULATIVE
RISKS 29 2.7.23 FUNDAMENTAL RISKS AND PARTICULAR RISKS 29 2.7.24
IATROGENIC RISKS 29 2.7.25 DESTRUCTIVE TECHNOLOGY RISK 29 2.7.26
PERCEIVED AND VIRTUAL RISKS 30 2.7.27 FORCE MAJEURE 30 2.8 PERCEPTIONS
OF RISK 33 2.9 STAKEHOLDERS IN AN INVESTMENT 34 2.9.1 STAKEHOLDER
IDENTIFICATION 35 2.9.2 STAKEHOLDER PERSPECTIVES 36 2.9.3 STAKEHOLDER
PERCEPTIONS 36 2.10 SUMMARY / 37 THE EVOLUTION OF RISK MANAGEMENT AND
THE RISK MANAGEMENT PROCESS 39 3.1 INTRODUCTION 39 3.2 THE EVOLUTION OF
RISK MANAGEMENT 39 3.2.1 THE BIRTH OF RISK MANAGEMENT 39 3.2.2 RISK
MANAGEMENT IN THE 1970S - EARLY BEGINNINGS 40 3.2.3 RISK MANAGEMENT IN
THE 1980S - QUANTITATIVE ANALYSIS PREDOMINATES 40 3.2.4 RISK MANAGEMENT
IN THE 1990S - EMPHASIS ON METHODOLOGY AND PROCESSES 42 3.3 RISK
MANAGEMENT 44 3.4 THE RISK MANAGEMENT PROCESS - IDENTIFICATION, ANALYSIS
AND RESPONSE 44 3.5 3.6 3.7 3.8 4 RISK 4.1 4.2 4.3 4.4 4.5 CONTENTS
3.4.1 RISK IDENTIFICATION 3.4.2 RISK QUANTIFICATION AND ANALYSIS 3.4.3
RISK RESPONSE 3.4.4 SELECTION OF RISK RESPONSE OPTIONS 3.4.5 OUTPUTS
FROM THE RISK RESPONSE PROCESS 3.4.6 RISK MANAGEMENT WITHIN THE PROJECT
LIFE CYCLE 3.4.7 THE TASKS AND BENEFITS OF RISK MANAGEMENT 3.4.8 THE
BENEFICIARIES OF RISK MANAGEMENT EMBEDDING RISK MANAGEMENT INTO YOUR
ORGANISATION RISK MANAGEMENT PLAN EXECUTIVE RESPONSIBILITY AND RISK
SUMMARY MANAGEMENT TOOLS AND TECHNIQUES INTRODUCTION DEFINITIONS RISK
ANALYSIS TECHNIQUES 4.3.1 CHOICE OF TECHNIQUE(S) QUALITATIVE TECHNIQUES
IN RISK MANAGEMENT 4.4.1 BRAINSTORMING 4.4.2 ASSUMPTIONS ANALYSIS 4.4.3
DELPHI 4.4.4 INTERVIEWS 4.4.5 HAZARD AND OPERABILITY STUDIES (HAZOP) 4.4
6 FAILURE MODES AND EFFECTS CRITICALITY ANALYSIS (FMECA) 4.4.7
CHECKLISTS 4.4.8 PROMPT LISTS 4.4.9 RISK REGISTERS 4.4.10 RISK MAPPING
4.4.11 PROBABILITY-IMPACT TABLES 4.4.12 RISK MATRIX CHART 4.4.13 PROJECT
RISK MANAGEMENT ROAD MAPPING QUANTITATIVE TECHNIQUES IN RISK MANAGEMENT
4.5.1 DECISION TREES 4.5.2 CONTROLLED INTERVAL AND MEMORY TECHNIQUE
4.5.3 MONTE CARLO SIMULATION 4.5.4 SENSITIVITY ANALYSIS 4.5.5
PROBABILITY-IMPACT GRID ANALYSIS IX 47 50 51 55 55 55 57 58 60 61 62 65
67 67 67 68 68 69 69 70 70 71 71 71 72 72 72 73 74 74 76 76 76 78 79 81
83 CONTENTS 4.6 4.7 4.8 4.9 4.10 QUANTITATIVE AND QUALITATIVE RISK
ASSESSMENTS VALUE MANAGEMENT 4.7.1 VALUE MANAGEMENT TECHNIQUES OTHER
RISK MANAGEMENT TECHNIQUES 4.8.1 SOFT SYSTEMS METHODOLOGY (SSM) 4.8.2
UTILITY THEORY 4.8.3 RISK ATTITUDE AND UTILITY THEORY 4.8.4 NOMINAL
GROUP TECHNIQUE 4.8.5 STRESS TESTING AND DETERMINISTIC ANALYSIS 4.8.6
TORNADO DIAGRAM COUNTRY RISK ANALYSIS 4.9.1 COUNTRY RISK SOURCES - THE
CHECKLIST 4.9.2 POLITICAL RISK 4.9.3 FINANCIAL RISK 4.9.4 ORGANISATIONAL
USAGE OF RISK MANAGEMENT TECHNIQUES I SUMMARY 5 FINANCING PROJECTS,
THEIR RISKS AND RISK MODELLING 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8
INTRODUCTION CORPORATE FINANCE PROJECT FINANCE 5.3.1 BASIC FEATURES OF
PROJECT FINANCE 5.3.2 SPECIAL PROJECT VEHICLE (SPV) 5.3.3 NON-RECOURSE
OR LIMITED RECOURSE FUNDING 5.3.4 OFF-BALANCE-SHEET TRANSACTION 5.3.5
SOUND INCOME STREAM OF THE PROJECT AS THE PREDOMINANT BASIS FOR
FINANCING 5.3.6 PROJECTS AND THEIR CASH FLOWS FINANCIAL INSTRUMENTS DEBT
5.5.1 TERM LOANS 5.5.2 STANDBY LOANS * 5.5.3 SENIOR AND SUBORDINATE DEBT
MEZZANINE FINANCE INSTRUMENTS 5.6.1 BOND RATINGS 5.6.2 TYPES OF BONDS
EQUITY 5.7.1 ORDINARY EQUITY AND PREFERENCE SHARES FINANCIAL RISKS 84 85
88 90 90 92 93 95 95 97 97 99 99 105 106 107 109 109 109 111 112 112 112
113 113 114 116 116 117 118 118 119 120 121 123 123 126 CONTENTS 5.8.1
CONSTRUCTION DELAY 5.8.2 CURRENCY RISK 5.8.3 INTEREST RATE RISK 5.8.4
EQUITY RISK 5.8.5 CORPORATE BOND RISK 5.8.6 LIQUIDITY RISK 5.8.7
COUNTER-PARTY RISK 5.8.8 MAINTENANCE RISK 5.8.9 TAXATION RISK 5.8.10
REINVESTMENT RISK 5.8.11 COUNTRY RISK 5.9 NON-FINANCIAL RISKS AFFECTING
PROJECT FINANCE 5.9.1 DYNAMIC RISK 5.9.2 INHERENT RISK 5.9.3 CONTINGENT
RISK 5.9.4 CUSTOMER RISK 5.9.5 REGULATORY RISK 5.9.6 REPUTATION/DAMAGE
RISK 5.9*.7 ORGANISATIONAL RISK 5.9.8 INTERPRETATION RISK 5.10 MANAGING
FINANCIAL RISKS 5.10.1 CONSTRUCTION DELAY 5.10.2 CURRENCY RISK 5.10.3
INTEREST RATE RISK 5.10.4 EQUITY RISK 5.10.5 CORPORATE BOND RISK 5.10.6
LIQUIDITY RISK. 5.10.7 COUNTER-PARTY RISK 5.10.8 MAINTENANCE RISK 5.10.9
TAXATION RISK 5.10.10 REINVESTMENT RISK 5.10.11 COUNTRY RISK 5.11 RISK
MODELLING 5.12 TYPES OF RISK SOFTWARE 5.12.1 MANAGEMENT DATA SOFTWARE
PACKAGES 5.12.2 SPREADSHEET-BASED RISK ASSESSMENT SOFTWARE 5.12.3
PROJECT NETWORK-BASED RISK ASSESSMENT SOFTWARE 126 . 127 127 127 128 128
128 129 129 130 130 130 130 131 131 131 131 132 132 132 132 133 133 134
136 136 137 137 138 138 138 138 139 141 141 142 142 CONTENTS 5.12.4
STANDALONE PROJECT NETWORK-BASED RISK ASSESSMENT SOFTWARE 5.13 SUMMARY
PORTFOLIO ANALYSIS AND CASH FLOWS 6.1 INTRODUCTION 6.2 SELECTING A
PORTFOLIO STRATEGY 6.3 CONSTRUCTING THE PORTFOLIO 6.4 PORTFOLIO OF CASH
FLOWS 6.5 THE BOSTON MATRIX 6.6 SCENARIO ANALYSIS 6.7 DIVERSIFICATION
6.7.1 DIVERSIFICATION OF RISK 6.8 PORTFOLIO RISK MANAGEMENT 6.8.1
BUNDLING PROJECTS 6.8.2 CONSIDERATIONS 6.8.3 BUNDLING PROJECTS INTO A
PORTFOLIO 6.9 CROSS-COLLATERALISATION 6.10 CASH FLOWS 6.10.1 CASH FLOW
DEFINITION FOR PORTFOLIOS 6.10.2 REASONS FOR CHOOSING CASH FLOW CURVES
6.10.3 PROJECTS GENERATING MULTIPLE IRRS 6.10.4 MODEL CASH FLOW 6.11 AN
EXAMPLE OF PORTFOLIO MODELLING 6.11.1 FINANCIAL INSTRUMENTS 6.11.2
DEVELOPMENT OF THE MECHANISM 6.11.3 SPREADSHEETS 6.11.4 A PORTFOLIO OF
OIL AND GAS PROJECTS 6.12 SUMMARY RISK MANAGEMENT AT CORPORATE LEVEL 7.1
INTRODUCTION 7.2 DEFINITIONS 7.3 THE HISTORY OF THE CORPORATION 7.3.1
EQUITY CAPITAL OF A CORPORATION 7.4 CORPORATE STRUCTURE 7.5 CORPORATE
MANAGEMENT 7.5.1 THE CORPORATE BODY 7.5.2 THE LEGAL OBLIGATIONS OF
DIRECTORS 142 142 145 145 145 146 148 149 149 150 151 152 153 157 157
158 159 161 163 163 164 165 167 167 168 171 176 179 179 179 181 184 184
185 188 188 7.6 7.7 7.8 7.9 7.10 7.11 7.12 7.13 7.14 7.15 8 RISK 8.1 8.2
8.3 8.4 8.5 8.6 8.7 8.8 8.9 8.10 8.11 CONTENTS 7.5.3 THE BOARD 7.5.4 THE
COMPOSITION OF THE BOARD CORPORATE FUNCTIONS 7.6.1 CORPORATE GOVERNANCE
CORPORATE STRATEGY RECOGNISING RISKS SPECIFIC RISKS AT CORPORATE LEVEL
THE CHIEF RISK OFFICER HOW RISKS ARE ASSESSED AT CORPORATE LEVEL
CORPORATE RISK STRATEGY 7.12.1 HEALTH AND SAFETY AND THE ENVIRONMENT
CORPORATE RISK: AN OVERVIEW THE FUTURE OF CORPORATE RISK SUMMARY
MANAGEMENT AT STRATEGIC BUSINESS LEVEL INTRODUCTION DEFINITIONS BUSINESS
FORMATION STRATEGIC BUSINESS UNITS 8.4.1 THE NEED FOR STRATEGIC LINKAGES
8.4.2 THE WRAPPERS MODEL 8.4.3 THE BUSINESS MANAGEMENT TEAM 8.4.4
STRATEGIC BUSINESS MANAGEMENT FUNCTIONS 8.4.5 TYPICAL RISKS FACED BY
STRATEGIC BUSINESS UNITS BUSINESS STRATEGY STRATEGIC PLANNING 8.6.1
STRATEGIC PLAN 8.6.2 STRATEGY AND RISK MANAGEMENT RECOGNISING RISKS
8.7.1 SPECIFIC RISKS AT BUSINESS LEVEL 8.7.2 TYPICAL SBU ORGANISATION
PORTFOLIO THEORY 8.8.1 MODERN PORTFOLIO THEORY 8.8.2 MATRIX SYSTEMS
PROGRAMME MANAGEMENT BUSINESS RISK STRATEGY TOOLS AT STRATEGIC BUSINESS
UNIT LEVEL XLLL 189 190 190 192 195 197 199 201 201 202 203 208 209 210
211 211 .211 212 214 215 216 .219 219 220 * 223 224 225 226 226 227 227
229 230 231 233 235 236 CONTENTS 8.12 STRATEGIC BUSINESS RISK: AN
OVERVIEW 236 8.13 SUMMARY 237 9 RISK MANAGEMENT AT PROJECT LEVEL 239 9.1
INTRODUCTION 239 9.2 THE HISTORY OF PROJECT MANAGEMENT 239 9.2.1 THE
EARLY YEARS: LATE NINETEENTH CENTURY 239 9.2.2 EARLY TWENTIETH-CENTURY
EFFORTS 239 9.2.3 MID TWENTIETH-CENTURY EFFORTS 240 9.2.4 LATE
TWENTIETH-CENTURY EFFORTS 240 9.3 DEFINITIONS 241 9.4 PROJECT MANAGEMENT
FUNCTIONS 242 9.4.1 THE PROJECT TEAM 244 9.4.2 PROJECT RISK ASSESSMENT
TEAMS 246 9.4.3 PROJECT GOALS 247 9.5 PROJECT STRATEGY ANALYSIS 247 9.6
WHY PROJECT RISK MANAGEMENT IS USED 248 9.7 RECOGNISING RISKS 250 9.7.1
SPECIFIC RISKS AT PROJECT LEVEL 251 9.7.2 WHAT RISKS ARE ASSESSED AT
PROJECT LEVEL? 252 9.7.3 PROJECT MANAGERS AND THEIR VIEW OF RISKS 254
9.8 PROJECT RISK STRATEGY 255 9.9 THE FUTURE OF PROJECT RISK MANAGEMENT
256 9.10 SUMMARY 256 10 RISK MANAGEMENT AT CORPORATE, STRATEGIC BUSINESS
AND PROJECT LEVELS 257 10.1 INTRODUCTION 257 10.2 RISK MANAGEMENT 257
10.3 THE RISK MANAGEMENT PROCESS 257 10.4 COMMON APPROACHES TO RISK
MANAGEMENT BY ORGANISATIONS 259 10.5 MODEL FOR RISK MANAGEMENT AT
CORPORATE, STRATEGIC BUSINESS AND PROJECT LEVELS 261 10.6 SUMMARY 267 11
RISK MANAGEMENT AND CORPORATE GOVERNANCE 269 11.1 INTRODUCTION 269 11.2
CORPORATE GOVERNANCE 270 CONTENTS 11.3 CORPORATE GOVERNANCE APPROACH IN
FRANCE 276 11.4 CORPORATE GOVERNANCE APPROACH BY THE EUROPEAN COMMISSION
278 11.5 CORPORATE GOVERNANCE AND INTERNAL CONTROL 279 11.6 SUMMARY 282
12 RISK MANAGEMENT AND BASEL II 283 12.1 INTRODUCTION 283 12.2 RISK
RATING SYSTEM (RRS) 285 12.2.1 CONCEPT OF PROBABILITY OF DEFAULT 285
12.2.2 CONCEPT OF LOSS GIVEN DEFAULT (LGD) 287 12.2.3 DATABASE 288 12.3
BORROWER RISK RATING SYSTEM AND PROBABILITY OF DEFAULT 288 12.3.1
FACILITY RISK RATING AND LOSS GIVEN DEFAULT 289 12.3.2 EXPECTED LOSS 289
12.4 RISK RATING AND PROVISIONING 290 12.4.1 RISK RATING AND CAPITAL
CHARGES 290 12.5 RISK RATING AND PRICING 291 12.5.1 INTEREST RATE AND
FEES 292 12.5.2 MANAGING LIABILITIES AND THE COST OF FUNDS 292 12.6
METHODOLOGY OF RRS AND RISK PRICING 293 12.6.1 EXAMPLE OF A RISK RATING
SYSTEM 294 12.7 GRID ANALYSIS OR STANDARDISING THE RISK ANALYSIS 296
12.7.1 RISK PRICING BASED ON RRS - SAMPLE CALCULATION 297 12.8
REGULATION IN OPERATIONAL RISK MANAGEMENT 298 12.8.1 BASEL II 298 12.9
SUMMARY 302 13 QUALITY RELATED RISKS 303 13.1 INTRODUCTION 303 13.2
DEFINING QUALITY RISKS 303 13.3 STANDARDISATION - ISO 9000 SERIES 305
13.4 QUALITY RISKS IN MANUFACTURING PRODUCTS 307 13.4.1 PRODUCT RECALL .
308 13.4.2 RE-WORK 309 13.4.3 SCRAP AND WASTAGE 310 13.4.4 CONSUMER
COMPLAINTS 312 CONTENTS 13.5 QUALITY RISKS IN SERVICES 313 13.6 QUALITY
CONTROL AND APPROACHES TO MINIMISE PRODUCT QUALITY RISKS 314 13.7
SUMMARY. 318 14 CASE STUDY 1: RISKS IN PROJECTS IN THE PHARMACEUTI- CAL
INDUSTRY 319 14.1 INTRODUCTION 319 14.2 THE PHARMACEUTICAL INDUSTRY 320
14.3 FILING WITH THE REGULATORY AUTHORITY 323 14.4 IDENTIFICATION AND
RESPONSE TO RISKS ENCOUNTERED IN DDPS 325 14.5 SUMMARY 331 15 CASE STUDY
2: RISK MODELLING OF SUPPLY AND OFF-TAKE CONTRACTS IN A PETROLEUM
REFINERY PROCURED THROUGH PROJECT FINANCE 333 15.1 INTRODUCTION 333 15.2
FINANCING A REFINERY PROJECT 334 15.3 BUNDLING CRUDE OIL CONTRACTS 335
15.4 ASSESSING A CASE STUDY 337 15.4.1 TEST 1 339 15.4.2 SUMMARY OF
RESULTS OF TEST 2, TEST 3 AND TEST 4 343 15.4.3 TEST 5 343 15.4.4 BUNDLE
ANALYSIS 343 15.5 BUNDLE SOLUTIONS AFTER RISK MANAGEMENT 344 15.6
SUMMARY 346 16 CASE STUDY 3: DEVELOPMENT OF RISK REGISTERS AT CORPORATE,
STRATEGIC BUSINESS UNIT AND PROJECT LEVELS AND A RISK STATEMENT 349 16.1
INTRODUCTION 349 16.2 LEVELS OF RISK ASSESSMENT 349 16.2.1 CORPORATE
RISK ASSESSMENT 350 16.2.2 STRATEGIC BUSINESS UNIT RISK ASSESSMENT 350
16.2.3 PROJECT LEVEL RISK ASSESSMENT 351 16.3 AMALGAMATION AND ANALYSIS
OF RISKS IDENTIFIED 352 16.4 THE PROJECT: BAGGAGE HANDLING FACILITY 355
16.4.1 CORPORATE LEVEL 355 CONTENTS 16.4.2 STRATEGIC BUSINESS UNIT LEVEL
16.4.3 PROJECT LEVEL 16.5 RISK STATEMENT 16.6 SUMMARY 17 CASE STUDY 4:
DEVELOPMENT OF A TYPICAL RISK STATEMENT TO SHAREHOLDERS 17.1
INTRODUCTION 17.2 UUU OVERVIEW AND RISK REGISTER 17.3 CORPORATE RISK
REGISTER 17.3.1 FOREIGN EXCHANGE RISK 17.3.2 POLITICAL/COUNTRY RISK
17.3.3 MARKET PERFORMANCE RISK (DEMAND RISK) 17.3.4 COMMODITY PRICES
(SUPPLY RISK) 17.3.5 INTEREST RATES 17.3.6 GOVERNMENT CONTRACT RISK
(DEMAND RISK) 17.3.7 LEGISLATIVE RISK 17.3.8 EH AND SAFETY RISK 17.3.9
INFORMATION TECHNOLOGY RISK 17.3.10 LEADERSHIP RISK 17.3.11
REPUTATION/PRODUCT QUALITY CONTROL RISK 17.3.12 COMPLIANCE RISK 17.3.13
AUDIT RISK 17.3.14 LEGAL RISK 17.3.15 TERRORISM/SECURITY RISK 17.3.16
HUMAN CAPITAL RISK 17.3.17 MERGER AND ACQUISITIONS RISK 17.4 STRATEGIC
BUSINESS UNITS RISK REGISTER 17.4.1 VERSPACK 17.4.2 LIFTGRO 17.4.3 FISAL
17.4.4 JAYPOWER 17.4.5 AEROBUSTEC 17.5 PROJECT LEVEL RISK REGISTER
17.5.1 CULTURAL/LANGUAGE RISK 17.5.2 PURCHASING RISK 17.5.3 DESIGN RISK
17.5.4 CASH FLOW/LIQUIDITY RISK 17.5.5 REGULATORY/ENVIRONMENTAL RISK
17.5.6 MAINTENANCE RISK 356 357 357 358 363 363 363 363 363 364 365 365
365 365 366 366 366 366 367 367 367 367 368 368 368 368 370 370 371 371
372 373 373 374 375 375 375 375 CONTENTS 17.5.7 COUNTER-PARTY RISK 375
17.5.8 DELAY RISK 376 17.5.9 TECHNOLOGY/SYSTEM'S INTEGRATION RISK 376
17.6 RISK STATEMENT TO SHAREHOLDERS 376 17.7 SUMMARY 379 REFERENCES 381
INDEX 395 |
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| author | Merna, Tony Al-Thani, Faisal F. |
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| bvnumber | BV023296236 |
| callnumber-first | H - Social Science |
| callnumber-label | HD61 |
| callnumber-raw | HD61 |
| callnumber-search | HD61 |
| callnumber-sort | HD 261 |
| callnumber-subject | HD - Industries, Land Use, Labor |
| classification_rvk | QP 300 QP 360 |
| ctrlnum | (OCoLC)232644590 (DE-599)BVBBV023296236 |
| dewey-full | 658.15/5 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
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| dewey-raw | 658.15/5 |
| dewey-search | 658.15/5 |
| dewey-sort | 3658.15 15 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| edition | 2. ed. |
| format | Book |
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| illustrated | Illustrated |
| index_date | 2024-07-02T20:44:52Z |
| indexdate | 2024-07-09T21:15:13Z |
| institution | BVB |
| isbn | 9780470518335 |
| language | English |
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| spelling | Merna, Tony Verfasser (DE-588)128770481 aut Corporate risk management Tony Merna and Faisal Al-Thani 2. ed. Hoboken, NJ Wiley 2008 XVIII, 422 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index Risk management Corporations Finance Management Industrial management Unternehmen (DE-588)4061963-1 gnd rswk-swf Risikomanagement (DE-588)4121590-4 gnd rswk-swf Risikomanagement (DE-588)4121590-4 s DE-604 Unternehmen (DE-588)4061963-1 s DE-188 Al-Thani, Faisal F. Verfasser aut http://www.loc.gov/catdir/enhancements/fy0810/2008004969-d.html Publisher description http://www.loc.gov/catdir/enhancements/fy0810/2008004969-t.html Table of contents only GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016480767&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Merna, Tony Al-Thani, Faisal F. Corporate risk management Risk management Corporations Finance Management Industrial management Unternehmen (DE-588)4061963-1 gnd Risikomanagement (DE-588)4121590-4 gnd |
| subject_GND | (DE-588)4061963-1 (DE-588)4121590-4 |
| title | Corporate risk management |
| title_auth | Corporate risk management |
| title_exact_search | Corporate risk management |
| title_exact_search_txtP | Corporate risk management |
| title_full | Corporate risk management Tony Merna and Faisal Al-Thani |
| title_fullStr | Corporate risk management Tony Merna and Faisal Al-Thani |
| title_full_unstemmed | Corporate risk management Tony Merna and Faisal Al-Thani |
| title_short | Corporate risk management |
| title_sort | corporate risk management |
| topic | Risk management Corporations Finance Management Industrial management Unternehmen (DE-588)4061963-1 gnd Risikomanagement (DE-588)4121590-4 gnd |
| topic_facet | Risk management Corporations Finance Management Industrial management Unternehmen Risikomanagement |
| url | http://www.loc.gov/catdir/enhancements/fy0810/2008004969-d.html http://www.loc.gov/catdir/enhancements/fy0810/2008004969-t.html http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016480767&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT mernatony corporateriskmanagement AT althanifaisalf corporateriskmanagement |