Fundamentals of Risk Management Understanding, Evaluating and Implementing Effective Enterprise Risk Management Edition: Date: Price: ISBN Paperback: ISBN Ebook: Pages: Format (mm): Product Category: Subject:
6 03/12/2021 £44.99 9781398602861 9781398602878 472 240x170 Textbook/Professional Risk Management
This book
regulatory developments affecting risks to reputation, the business model and strategy, « Details along with improvements in risk management documentation and statutory risk reporting for assurance and reporting purposes
« Provides relevant international case studies including BP, Singapore Airlines and Darktrace to this edition: updates throughout and new content on cyber, black swan events (such as « New COVID-19) and climate risk developments in enterprise risk management (ERM), loss control and the value of insurance « Covers as a risk management method· « Online resources: lecture slides with figures, tables and key points from the book Description Effective risk management allows opportunities to be maximized and uncertainty to be minimized. This guide for emerging professionals provides a comprehensive understanding of risk management with tools, tips and tactics on how to offer expert insights and drive success. Fundamentals of Risk Management is a detailed and comprehensive introduction to commercial and business risk for students and risk professionals. Completely aligned with ISO 31000 and the COSO ERM Framework, this book covers the key principles of risk management and how to deal with the different types of risk organizations face. The frameworks of business continuity planning, enterprise risk management, and project risk management are covered alongside an overview of international risk management standards and frameworks, strategy and policy. The revised sixth edition includes updates throughout as well as providing new content on trends such as cyber risk, black swan events and climate risk. Supported by relevant international case examples including BP, Singapore Airlines and Darktrace, this book provides a full analysis of changes in contemporary risk areas including digital risk management, risk culture and appetite, supply chain and statutory risk reporting. Supporting online resources include lecture slides with figures, tables and key points from the book.
Author Information Clive Thompson was founding Chair of the Professional Standards and the Interest Group Committees of the Institute of Risk Management where he served on the board and was Deputy Chair until 2020. Based in West Sussex, UK, he has been a risk manager and consultant delivering projects globally. He is a Certified Fellow of the IRM. Paul Hopkin was Technical Director at the Institute of Risk Management (IRM) and held the same role at Airmic. He was previously Director of Risk Management for The Rank Group and prior to that Head of Risk Management at the BBC. He is a Certified Fellow of the IRM. The IRM is a world leading professional body for risk management, driving excellence in managing risk to ensure organizations are ready for opportunities and threats of the future.
Table of Contents 1 1 2 3 4 5 2 3 4 5 6 3 4 5 6 7 8 4 5 6 7 8 5 6 7 8
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Business, Finance, Risk, Information Management
Introduction to Risk Management Approaches to Defining Risk Impact of Risk on Organizations Types of Risks Scope of Risk Management Principles and Aims of Risk Management Approaches to Risk Management Risk Management Standards Establishing the Context Enterprise Risk Management Alternative Approaches Risk Assessment Risk Assessment Considerations Risk Classification Systems Risk Analysis and Evaluation Loss Control Defining the Upside of Risk Risk Response Tolerate, Treat, Transfer and terminate Risk Control Techniques Insurance and Risk Transfer Business Continuity Risk Strategy Core Business Processes Reputation and the Business Model Risk Management Context
Risk Management
9 10 6 7 8 9 10 7 8 9 10 11 12 8 9 10 11 12
Risk Management Responsibilities Control of Selected Hazard Risks Risk Culture Risk-Aware Culture Importance of Risk Appetite Risk Training and Communication Risk Practitioner Competencies Risk Governance Corporate Governance Model Stakeholder Expectations Operational Risk Management Project Risk Management Supply Chain Management Risk Assurance The Control Environment Risk Assurance Techniques Internal Audit Activities Reporting on Risk Management
