We live in a risk-filled world. What comes to mind when you think about “Risk”? Mostly likely, it conjures a negative implication that is to avoid or reduce the impact of risk. Risk is an ever-present part of our daily life. Understanding and managing operational risks are essential to the future survival and prosperity of an enterprise. Enterprise can mean corporation, government entity or an organization. Operational risks are based on an enterprise’s internal operational environment.  With the regulatory spotlight on operational risks, there has been an ever-increasing attention devoted to the quantification of these risks.  With the emphasis on predictive analytics, more real-time performance monitoring and faster analysis, the application of Business Intelligence (BI) has come into play. There is a wide array of statistical methods for measuring, modeling, and monitoring operational risk. Determining how all these statistical tools relate to one another and which to use is the challenge.  Unless, a risk manager is proficient at applying the myriad of statistical methodologies to assess operational risks, the task can be daunting.

       This book expands on the White papers, "The Resiliency Equation" and "A Simplified Approach to Quantify Enterprise Risk".  It covers various case studies to expand and enable managers to fully utilize the Resiliency Equation.

The book is currently being edited with the publisher and will be in print shortly. Details will follow soon. If you wish to pre-order "The Resiliency Equation" Book and receive a discount, please send an e-mail to L. Hanwacker at hanwacker@theLSHGroup.com.