Anonymous shelf assessment
Operational Risk: Measurement and Management
Shelf score 7.5 / 10
On Operational Risk: Measurement and Management · Chernobai et al. · Butterworth Heinemann
Published 23 March 2026
A comprehensive guide to operational risk measurement and management.
Overview
This book provides an in-depth exploration of operational risk, focusing on measurement and management strategies essential for risk managers and operations leaders. It discusses loss data, advanced measurement techniques, and capital allocation, presenting a robust operational risk framework.
Published in 2007 by Butterworth Heinemann, the text is aimed at an intermediate reading level, making it accessible to professionals with some prior knowledge in risk management. The authors, Chernobai et al., offer insights that are particularly relevant in today's complex business environment, where effective risk management is crucial for organizational success.
By area & interest
Operational Risk Framework
The book outlines a comprehensive framework for understanding and managing operational risk, making it a valuable resource for practitioners in the field.
Advanced Measurement Techniques
It delves into advanced measurement techniques that can help organizations quantify their operational risks more accurately.
Capital Allocation Strategies
The text discusses strategies for capital allocation in the context of operational risk, providing practical guidance for risk managers.
Basis of this assessment
Assessment based on catalogue description and Google Books metadata.
Strengths
The book's strengths lie in its detailed operational risk framework and its focus on advanced measurement and capital allocation strategies, making it a thorough resource for professionals in risk management.
Limitations
The technical nature of the content may pose challenges for readers without a solid background in risk management, potentially limiting its accessibility.
Ideal reader
This book is ideal for risk managers and operations leaders looking to deepen their understanding of operational risk measurement and management.