Fundamentals of Risk Management

Introduction
Risk management in context
nature of risk
Risk management
Risk management terminology
Benefits of risk management
Features of risk management
Book structure
Risk management in practice
Future for risk management
Changes for the fourth edition
Part One
Introduction to risk management
LEARNINg OUTcOmEs FOR PART ONE
PART ONE FURTHER READINg
Part One case studies
Rank Group: How we manage risk
ABIL: Risk management overview
BIS: Approach to risk
01
Approaches to defining risk
Definitions of risk
types of risks
Risk description
Inherent level of risk
Risk classification systems
Risk likelihood and magnitude
02
Impact of risk on organizations
Level of risk
Impact of hazard risks
Attachment of risks
Risk and reward
Attitudes to risk
Risk and triggers
03
types of risks
timescale of risk impact
Four types of risk
embrace opportunity risks
Heart disease risk factors
Manage uncertainty risks
Mitigate hazard risks
Minimize compliance risks
04
scope of risk management
origins of risk management
Development of risk management
specialist areas of risk management
simple representation of risk management
enterprise risk management
Levels of risk management sophistication
05
Principles and aims of risk management
Principles of risk management
Importance of risk management
Risk management activities