Fundamentals of Risk Management

Index
461
stakeholders
all working together 411
appetite for risk and 312
attachment of risk and 26–8
attitude towards risk 128
building relations with 332
business development model and 224
communication and 319, 328–29
confidence in organization 339
core processes and 354–56
damage limitation 153
dialogue with 353–54
expect risk strategy 24
expectations of 6, 54, 356–57
external context 85
internal control and 394
mandatory requirements 229–30
OECD governance guide 341
operations and 358
range of 351–52
risk information 59–60
strategy and tactics 356–58
three lines of defence assurance 421
value for money vs profits 381
whistleblowers 354
standards 3
business continuity planning 208–11
frameworks 75–9
risk management activities 60
see also AS 4360; BS 31100; COSO ERM 
framework; ISO 31000; ISO Guide 73
STOC model 5, 25
appetite for risk and 312
bow-tie model 33–4, 133–35
business core processes and 229
business models and 234
core processes 28, 354
high impact events 130
lifestyle and risk appetite 314
magnitude of risk 153
risk assessment 121
risk assurance 409
risk management outputs and 407–08
riskiness index 164
stakeholder expectations and 356
strategic decision making
effect processes and 61–2
risk management inputs and 4–5
strategy and tactics
appetite for risk 310–13
assessing opportunity 162
case studies 220–21
components of 245
control pedals for 64
core business processes 225, 226, 227–28
core processes and 5
levels of risk 24
levels of risk management and 56
manual of risk management 250
outline of risk management 51, 52
procedures and responsibility 248
RASP context components 75–6
risk practitioners and 326
stakeholder expectations and 356–58
upsides and 167–68
supply chains
contracts and risks 385, 387
importance of supply chains 380–81
joint ventures 384
outsourcing 381–82, 384–86
strategic partnerships and 382–83
Switzerland and EU 32
SWOT analysis
analytical skills 333
assessment of risk 28
business models 232–33
external contexts 85
PESTLE classification system and 138
risk assessment and 124
risk classification 134
taxes
evasion of 238
insurance premiums 284
three lines of defence 418
technology
change and risk 106–07
operational risks 369
PESTLE classification system 138–39
reporting on 427
risk control 283–84
termination of risk see response to risk
terrorism 2
civil emergencies 216–17
insurance and 199
Tesco plc
risks and uncertainties 391–92
theatres
response to loss 177
stakeholders and 352
theft
hazard risks of 25
timescales
perception of risk and 127
project lifecycles 374–77
short -, medium- and long-term impact
35–6
tolerance of risk see response to risk
Toyota
Japanese earthquake and 380

---