Fundamentals of Risk Management

effective and efficient core processes
Implementing risk management
Achieving benefits
Part tWO
Approaches to risk management
LEARNINg OUTcOmEs FOR PART TwO
PART TwO FURTHER READINg
Part two case studies
United Utilities: Our risk management framework
Birmingham City Council: Scrutiny, accountability and risk management
Tsogo Sun: Risk management process
06
Risk management standards
scope of risk management standards
Risk management process
Risk management context
Coso eRM cube
Features of RM standards
Updating of existing standards
07
establishing the context
scope of the context
external context
Internal context
Risk management context
Designing a risk register
Using a risk register
08
enterprise risk management
enterprise-wide approach
Definitions of eRM
eRM in practice
eRM and business continuity
eRM in energy and finance
Future development of eRM
09
Alternative approaches
Changing face of risk management
Managing emerging risks
Increasing importance of resilience
Different approaches
structure of management standards
Future of risk management
Part tHree
Risk assessment
LEARNINg OUTcOmEs FOR PART THREE
PART THREE FURTHER READINg
Part three case studies
AA: Risk governance
British Land: Our assessment of risk is a cornerstone
Guide Dogs NSW/ACT: List of major residual risks
10
Risk assessment considerations
Importance of risk assessment