Fundamentals of risk management : understanding, evaluating and implementing effective risk management / Paul Hopkin.

Revised edition of the author's Fundamentals of risk management, 2014.

Includes bibliographical references and index

Foreword -- Acknowledgements -- Introduction -- 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 -- Appendix a: abbreviations and acronyms -- Appendix b: glossary of terms -- Appendix c: implementation guide -- Index.

"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"--The publisher.

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