"Risk management strategy for the pioneering technological sector Enterprise Risk and Opportunity Management provides much-needed guidance tailored specifically to the technological sector. While most enterprise risk management guides are written for traditional businesses and finance firms, this book translates effective enterprise risk and opportunity management (EROM) principles into strategies and practices that
work for government, nonprofit, and for-profit organizations in the technological space. Originally designed for noncommercial pioneering enterprises like NASA, an entire chapter is now devoted toward applying the methods to profit-making technological enterprises. A 40-year veteran of the tech sector, Dr. Allan Benjamin outlines risk management strategies for organizations in which the advancement and integration of science and technology within complex systems is necessary for accomplishment of the mission. Commercial EROM strategies do not translate directly when the development and implementation of risky technologies is the organization's primary objective, and clumsy or near-sighted implementation can easily cripple progress. This book provides authoritative guidance tailored to the sector's specialized needs. Maximize opportunity while effectively managing risk Understand the core principles of the technological EROM approach and its interfaces with the management of the organization Comprehend the intricacies of aggregating risks and opportunities from lower to higher levels of the organization Gain expert insights specific to the technology sector Mitigate and control the risk that comes with pursuing discovery In practice, EROM in this sector involves working with mostly qualitative data, and is characterized by high uncertainty. Managing risk without handicapping the organization requires a specific set of adjustments to traditional EROM, and a more nuanced approach to the idea of "acceptable risk. Balance is key in technological EROM, and Enterprise Risk and Opportunity Management provides foundational guidance, real-world strategy, and enlightening examples for getting it right"--"Dr. Allan S. Benjamin has been a risk management professional in the technological sector for over 40 years, working for organizations like Boeing Aerospace and NASA. Dr. Benjamin quite literally wrote the book on Risk Management for NASA. Enterprise Risk and Opportunity Management is Benjamin's endeavor to write an Enterprise Risk and Opportunity Management (EROM) book specifically catered to the technological sector. While most EROM books are focused on providing risk management advice for traditional businesses and financial firms, this book focuses on Government and Nonprofit Technical Organizations. Dr. Benjamin will begin with a set of core principles essential to any EROM approach before delving more specifically into Government and Nonprofit Technical Organizations. Even moreso than in the commercial sector, the practice of EROM in pioneering technical enterprises involves working with mostly qualitative data and is characterized by high uncertainties. Organizations like NASA whose principal objective is to develop and implement risky technologies for scientific gain are faced with very different risks and opportunities, namely the burden of pursuing such potentially monumental breakthroughs"--
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