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

  • 9h 7m
  • Paul Hopkin
  • Kogan Page
  • 2017

Fundamentals of Risk Management, now in its fourth edition, is a comprehensive introduction to commercial and business risk for students and a broad range of 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 from both the private and public sectors, this revised edition of Fundamentals of Risk Management is completely aligned to ISO 31000 and provides a full analysis of changes in contemporary risk areas including supply chain, cyber risk, risk culture and improvements in risk management documentation and statutory risk reporting.

This new edition of Fundamentals of Risk Management has been fully updated to reflect the development of risk management standards and practice, in particular business continuity standards, regulatory developments, risks to reputation and the business model, changes in enterprise risk management (ERM), loss control and the value of insurance as a risk management method. Also including a thorough overview of the international risk management standards and frameworks, strategy and policy, this book is the definitive professional text for risk managers.

About the Authors

Paul Hopkin is Technical Director at the Institute of Risk Management, having held the same role at the Association of Insurance and Risk Managers (AIRMIC) for nine years. He was previously Director of Risk Management for The Rank Group Plc and prior to that Head of Risk Management at the BBC. He is a Fellow of the Institute of Risk Management.

The Institute of Risk Management (IRM) is the world's leading professional body for risk management. It is an independent, not-for-profit organization that champions excellence in managing risk to improve organizational performance.

In this Book

  • Approaches to Defining Risk
  • Impact of Risk on Organizations
  • Types of Risks
  • Scope of Risk Management
  • Principles and Aims of Risk Management
  • Risk Management Standards
  • Establishing the Context
  • Enterprise Risk Management
  • Alternative Approaches
  • Risk Assessment Considerations
  • Risk Classification Systems
  • Risk Analysis and Evaluation
  • Loss Control
  • Defining the Upside of Risk
  • Tolerate, Treat, Transfer and Terminate
  • Risk Control Techniques
  • Insurance and Risk Transfer
  • Business Continuity
  • Core Business Processes
  • Reputation and the Business Model
  • Risk Management Context
  • Risk Management Responsibilities
  • Control of Selected Hazard Risks
  • Risk-aware Culture
  • Importance of Risk Appetite
  • Risk Training and Communication
  • Risk Practitioner Competencies
  • Corporate Governance Model
  • Stakeholder Expectations
  • Operational Risk Management
  • Project Risk Management
  • Supply Chain Management
  • The Control Environment
  • Risk Assurance Techniques
  • Internal Audit Activities
  • Reporting on Risk Management
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