Effective Risk Management: Some Keys to Success (Library of Flight Series)

What makes this book valuable for real world practitioners are the pragmatic advice for developing a risk management process that is based on the lessons learned by the author and best practices. In fact, there are over 250 such lessons learned. These alone make the book worthwhile for even the most experienced practitioner because there are sure to be many that you may not have considered. In addition to the best practices, the author provides pitfalls common to risk management and how to avoid them.

Another aspect of this book that adds value is the use of readily available tools, such as Microsoft Excel, and popular simulation software (CrystalBall) to reinforce the techniques that are described in the book. Overall this is one of the best books on risk management that I own because it goes into deep detail and coves advanced topics. It also is practical instead of theoretical, which sets it apart from most risk management books.