Chapter 6
Risk Exposure Factors
Information in this Chapter
Introduction
Whether you are using a qualitative or a quantitative approach to analyze risks, you need to base your approach on a solid model. In his book The Failure of Risk Management: Why It’s Broken and How to Fix It, Douglas Hubbard observes that several risk analysis methods, which are pervasive across several industries, are no more accurate than astrology [1]. Possibly weather forecasting is a more fair comparison, but either way the effectiveness of several common risk analysis methodologies is questionable. The goal of this book, and this chapter in particular, is to improve on the overly general qualitative models in use throughout ...
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