Includes glossary and index.

Contents: Approaches to defining risk -- Impact of risk on organizations - Types of risks -- Development of risk management -- Principles and aims of risk management -- Risk management standards -- Risk management framework -- Risk management documentation - Risk management responsibilities -- Risk-aware culture -- Risk training and communication -- Risk practitioner competencies -- Risk assessment considerations --Risk classification systems - Risk likelihood and import - Loss control -- Defining the upside f risk Business continuity planning -- Enterprise risk management - Importance of risk appetite -- Tolelate, treat, transfer and terminate - Risk control techniques - Control of selected hazard risks -- Insurance and risk transfer -- Corporate governance model -- Stakeholder expectations -- Analysis of the business model -- Project risk management -- Operational risk management -- Supply chain management --Evaluation of he control environment -- Activities of the internal audit function -- Risk assurance techniques -- Reporting on risk management -- Importance of corporate reputation -- Future of risk management --

Now more than ever, organizations must plan, respond and recognize all forms of risks that they face. Risk management is a core business skill and understanding and dealing with risks effectively can both increase success and reduce the likelihood of failure. Fundamentals of Risk Management provides a comprehensive introduction to the subject of commercial and business risk. It is suitable for those studying for a career in risk as well as a broad range of risk professionals. The book examines the key components of risk management and how it can be applied, and examples are provided to demonstrate the benefits of risk management to organisations in the public and private sector. The new edition will be completely revised throughout with restructuring to fit the evolution of the IRM certificate course