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Get extensive coverage of the core concepts and frameworks of risk management with this ideal companion for emerging professionals.

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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.

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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 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

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