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

Now more than ever, organizations must recognize, assess and respond to all forms of risk that they face. Fundamentals of Risk Management, now in its second edition, provides a comprehensive introduction to the subject of commercial and business risk for anyone studying for a career in risk as well as a broad range of risk professionals. It examines the key components of risk management and its application with examples to demonstrate its benefit to organizations in the public and private sector.

The second edition has been completely updated to take into account the greater influence of ISO 31000, the emergence of Governance Risk and Compliance (GRC) and the wide use of the bow-tie method to illustrate risk management. In addition, there is now a chapter on the skills and competencies required by an effective risk manager.