Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein

By Peter L. Bernstein

A company Week, long island occasions company, and united states this present day Bestseller"Ambitious and readable . . . an enticing advent to the oddsmakers, whom Bernstein regards as real humanists assisting to liberate mankind from the choke holds of superstition and fatalism." -The long island Times"An terribly pleasing and informative book." -The Wall road Journal"A energetic panoramic publication . . . opposed to the Gods units up an formidable premise after which promises on it." -Business Week"Deserves to be, and absolutely may be, largely read." -The Economist"[A] difficult publication, one who might swap endlessly the best way humans take into consideration the world." -Worth"No one else can have written a booklet of such imperative value with quite a bit attraction and excitement." -Robert Heilbroner writer, The Worldly Philosophers"With his outstanding wisdom of the heritage and present manifestations of hazard, Peter Bernstein brings us opposed to the Gods. not anything love it will pop out of the monetary global this 12 months or ever. I communicate conscientiously: nobody may still pass over it." -John Kenneth Galbraith Professor of Economics Emeritus, Harvard UniversityIn this specific exploration of the position of danger in our society, Peter Bernstein argues that the inspiration of bringing hazard below regulate is likely one of the primary principles that distinguishes sleek instances from the far-off prior. opposed to the Gods chronicles the awesome highbrow experience that liberated humanity from oracles and soothsayers by way of the robust instruments of danger administration which are to be had to us today."An tremendous readable historical past of risk." -Barron's"Fascinating . . . this demanding quantity can help the uncertainties that each investor needs to face." -Money"A singular achievement." -Times Literary Supplement"There's a becoming marketplace for savants who can render the recondite intelligibly-witness Stephen Jay Gould (natural history), Oliver Sacks (disease), Richard Dawkins (heredity), James Gleick (physics), Paul Krugman (economics)-and Bernstein might mingle good of their company." -The Australian

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Extra info for Against the Gods: The Remarkable Story of Risk

Sample text

Without covering the historical application of risk management in detail here, clearly those responsible for major projects have always recognized the potentially disruptive influence of uncertainty, and they have sought to minimize its effect on achievement of project objectives. Recently, risk management has become an accepted part of project management, included as one of the key knowledge areas in the various bodies of project management knowledge and as one of the expected competencies of project management practitioners.

ATOM is our answer—a simple, scaleable risk process that applies to projects in all industries and business sectors. We hope that you will not just read this book, but that you’ll put what you read into practice, since this is the only way of gaining the promised benefits. None of us has time to waste on processes and activities that don’t work. Risk management does work, if it is done properly. But please don’t take our word for it; try it for yourself and find out. David Hillson Peter Simon June 2012 ACKNOWLEDGMENTS There are risks and costs to a program of action.

Project managers and their teams face a bewildering array of risk management standards, procedures, techniques, tools, books, training courses—all claiming to make risk management work—which raises the questions: How to do it? Which method to follow? Which techniques to use? Which supporting tools? The main aim of this book is to offer clear guidance on “how to” do risk management in practice. The next chapter discusses common barriers to risk management effectiveness and introduces a number of Critical Success Factors to overcome these barriers.

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