Fundamentals of Risk Management
Understanding, Evaluating and Implementing Effective Risk Management
5th Edition
Published on 3. July 2018
Book
Paperback/Softback
480 pages
978-0-7494-8307-4 (ISBN)
Description
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.
Now revised to be completely aligned with the recently updated ISO 31000 and COSO ERM Framework, this comprehensive text reflects developments in regulations, reputation risk, loss control and the value of insurance as a risk management method. Also including a thorough overview of international risk management standards and frameworks, strategy and policy, Fundamentals of Risk Management is the definitive text for those beginning or considering a career in risk. Online supporting resources include lecture slides with figures, tables and key points from the book.
Now revised to be completely aligned with the recently updated ISO 31000 and COSO ERM Framework, this comprehensive text reflects developments in regulations, reputation risk, loss control and the value of insurance as a risk management method. Also including a thorough overview of international risk management standards and frameworks, strategy and policy, Fundamentals of Risk Management is the definitive text for those beginning or considering a career in risk. Online supporting resources include lecture slides with figures, tables and key points from the book.
Reviews / Votes
"This book provides a thorough and instructive foundation for any professional or team looking to increase their enterprise's rigour around risk. Acknowledging and discussing critical contextual issues, such as global finance, international regulations, corporate culture and natural human responses to risk, sets the reader up for success - and empowers them to proactively and postively navigate the uncertainty we all work in." * Kelly Barner, Owner and Managing Director, Buyers Meeting Point * "This will no doubt become a seminal text for anyone involved in the role of corporate risk management. It is truly comprehensive, with a careful explanation of risk theory and numerous tools including frameworks, international standards and models." * Supply Management *More details
Edition
5th Revised edition
Language
English
Place of publication
London
United Kingdom
Target group
College/higher education
Professional and scholarly
Edition type
Revised edition
Product notice
Paperback (trade)
Dimensions
Height: 240 mm
Width: 170 mm
Thickness: 25 mm
Weight
810 gr
ISBN-13
978-0-7494-8307-4 (9780749483074)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
New editions
Kate Boothroyd | Clive Thompson
Fundamentals of Risk Management
Understanding, Evaluating and Implementing Effective Enterprise Risk Management
Book
12/2024
7th Edition
Kogan Page Ltd
€62.50
Available immediately
Clive Thompson | Paul Hopkin
Fundamentals of Risk Management
Understanding, Evaluating and Implementing Effective Enterprise Risk Management
Book
12/2021
6th Edition
Kogan Page Ltd
€78.17
Article exhausted; check for reprint
Person
Paul Hopkin is an internationally recognized risk management professional and was previously Technical Director at the Institute of Risk Management (IRM) and held the same role at Airmic for nine years previously. 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 the world's leading professional body for risk management, driving excellence in managing risk to ensure organizations are ready for opportunities and threats of the future.
The IRM is the world's leading professional body for risk management, driving excellence in managing risk to ensure organizations are ready for opportunities and threats of the future.
Content
Section - ONE: Introduction to Risk Management;
Chapter - 01: Approaches to Defining Risk;
Chapter - 02: Impact of Risk on Organizations;
Chapter - 03: Types of Risks;
Chapter - 04: Scope of Risk Management;
Chapter - 05: Principles and Aims of Risk Management;
Section - TWO: Approaches to Risk Management;
Chapter - 06: Risk Management Standards;
Chapter - 07: Establishing the Context;
Chapter - 08: Enterprise Risk Management;
Chapter - 09: Alternative Approaches;
Section - THREE: Risk Assessment;
Chapter - 10: Risk Assessment Considerations;
Chapter - 11: Risk Classification Systems;
Chapter - 12: Risk Analysis and Evaluation;
Chapter - 13: Loss Control;
Chapter - 14: Defining the Upside of Risk;
Section - FOUR: Risk Response;
Chapter - 15: Tolerate, Treat, Transfer and terminate;
Chapter - 16: Risk Control Techniques;
Chapter - 17: Insurance and Risk Transfer;
Chapter - 18: Business Continuity;
Section - FIVE: Risk Strategy;
Chapter - 19: Core Business Processes;
Chapter - 20: Reputation and the Business Model;
Chapter - 21: Risk Management Context;
Chapter - 22: Risk Management Responsibilities;
Chapter - 23: Control of Selected Hazard Risks;
Section - SIX: Risk Culture;
Chapter - 24: Risk-Aware Culture;
Chapter - 25: Importance of Risk Appetite;
Chapter - 26: Risk Training and Communication;
Chapter - 27: Risk Practitioner Competencies;
Section - SEVEN: Risk Governance;
Chapter - 28: Corporate Governance Model;
Chapter - 29: Stakeholder Expectations;
Chapter - 30: Operational Risk Management;
Chapter - 31: Project Risk Management;
Chapter - 32: Supply Chain Management;
Section - EIGHT: Risk Assurance;
Chapter - 33: The Control Environment;
Chapter - 34: Risk Assurance Techniques;
Chapter - 35: Internal Audit Activities;
Chapter - 36: Reporting on Risk Management
Chapter - 01: Approaches to Defining Risk;
Chapter - 02: Impact of Risk on Organizations;
Chapter - 03: Types of Risks;
Chapter - 04: Scope of Risk Management;
Chapter - 05: Principles and Aims of Risk Management;
Section - TWO: Approaches to Risk Management;
Chapter - 06: Risk Management Standards;
Chapter - 07: Establishing the Context;
Chapter - 08: Enterprise Risk Management;
Chapter - 09: Alternative Approaches;
Section - THREE: Risk Assessment;
Chapter - 10: Risk Assessment Considerations;
Chapter - 11: Risk Classification Systems;
Chapter - 12: Risk Analysis and Evaluation;
Chapter - 13: Loss Control;
Chapter - 14: Defining the Upside of Risk;
Section - FOUR: Risk Response;
Chapter - 15: Tolerate, Treat, Transfer and terminate;
Chapter - 16: Risk Control Techniques;
Chapter - 17: Insurance and Risk Transfer;
Chapter - 18: Business Continuity;
Section - FIVE: Risk Strategy;
Chapter - 19: Core Business Processes;
Chapter - 20: Reputation and the Business Model;
Chapter - 21: Risk Management Context;
Chapter - 22: Risk Management Responsibilities;
Chapter - 23: Control of Selected Hazard Risks;
Section - SIX: Risk Culture;
Chapter - 24: Risk-Aware Culture;
Chapter - 25: Importance of Risk Appetite;
Chapter - 26: Risk Training and Communication;
Chapter - 27: Risk Practitioner Competencies;
Section - SEVEN: Risk Governance;
Chapter - 28: Corporate Governance Model;
Chapter - 29: Stakeholder Expectations;
Chapter - 30: Operational Risk Management;
Chapter - 31: Project Risk Management;
Chapter - 32: Supply Chain Management;
Section - EIGHT: Risk Assurance;
Chapter - 33: The Control Environment;
Chapter - 34: Risk Assurance Techniques;
Chapter - 35: Internal Audit Activities;
Chapter - 36: Reporting on Risk Management