Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Risk Management

This fifth edition of Fundamentals of Risk Management is a comprehensive introduction to commercial and business risk for students and risk professionals. Providing extensive coverage of the core frameworks of business continuity planning, enterprise risk management and project risk management, this is the definitive guide to dealing with the different types of risk an organization faces. With relevant international case examples including Ericsson, Network Rail and Unilever, the book provides a full analysis of changes in contemporary risk areas including supply chain, cyber risk, risk culture and appetite, improvements in risk management documentation and statutory risk reporting.

Book contents:

  1. Approaches to Defining Risk

  2. Impact of Risk on Organizations

  3. Types of Risks

  4. Scope of Risk Management

  5. Principles and Aims of Risk Management

  6. Risk Assessment Considerations

  7. Risk Classification Systems

  8. Risk Analysis and Evaluation

  9. Loss Control

  10. Defining the Upside of Risk

  11. Tolerate, Treat, Transfer and Terminate

  12. Risk Control Techniques

  13. Insurance and Risk Transfer

  14. Business Continuity

  15. Core Business Processes

  16. Reputation and Business Model

  17. Reputation and the Business Model

  18. Risk Management Context

  19. Risk Management Responsibilities

  20. Control of Selected Hazard Risks

  21. Risk Aware Culture

  22. Importance of Risk Appetite

  23. Risk training and Communication

  24. Risk Practitioner Competencies

  25. Corporate Governance Model

  26. Stakeholder Expectations

  27. Operational Risk Management