Fundamentals of Risk Management

Index
457
authorization procedures 149
board of 347–49
business models of 6
capacity for risk 304–06, 308–10
captive insurance companies 203–05
communication 328–31
continuity planning 86
core processes 58, 60–3, 223–31
corporate objectives and 27–8
corporate social responsibility 235
culture of 5–6
employees on boards 358–59
financial reporting 59–60
impact of risk 21
insurance types 198–200
internal audit 411–22
internal control 393–401
level of risk 24–5
management responsibilities 258–60
operations 4, 24, 369
opportunity risk appetite 38
origins of risk management 45–6
people-based disruption 42
potential risk issues 47
premise disruptions 42
principles (PACED) 57–9
product disruption 42
reputation 240–43
resilience and 107–09
risk culture 109–11
risk register with business plan 94
senior management 86
social responsibility 84–5
strategic partnerships/joint ventures 382–84
tolerance of hazard risks 42–3
top-down/bottom-up assessments 120–21
types of emerging risk 105–07
upside from projects 168
voting 127
zones of judgement and response 190–91
see also business models; business processes, 
core; enterprise risk management (ERM); 
governance, corporate
Oxford English Dictionary
defines ‘risk’ 15
PACED principles 57–9
challenge of 113–14
partnerships
exploiting opportunities 184
pensions 280
fund fraud 276
people/public
corporate social responsibility and 239
perception of risk to 127
pressure groups
communication and 328–29
public risk 128
people skills 327–28
perception of risk 127–31
communication and 329
particular dread and 127
PESTLE analysis
analytical skills 333
risk assessment 124
risk classification 86, 134, 138–39
pharmaceutical industry
ERM and BCP 215
ERM in 53
PIML approach
standards and 80
plan–do–check–act (PDCA) 6
resilience 108
plan, implement, measure and learn (PIML) 6, 74
context and 87
resilience 108
planning
continuity 86
internal audits 415
outline of risk management 51, 52
politics
government risk assessments 128
instability and 8–9
PESTLE classification system 138–39
relationship skills 331
unethical trade and 238
PRAM Guide 378–79
pressure groups and communication 328–29
probability see risk likelihood and magnitude
products
corporate social responsibility 236
project management
4-stage lifecycle 374–77
core business processes and 226
risk management specialism 49
risk register format 93
task of 370
upside of risk 168–69
Project Risk and Management (Association of 
Project Management) 80
project risk management
4-stage lifecycle 374–77
analysis and 378–79
bow-tie model of uncertainty 373–74
decreasing uncertainty 376–77
development of 371–72
embedded risk management 379
opportunities and 377–78
PRAM Guide 378–79
within project management 370–71
quality and 371–72
uncertainty 372–74

---