Fundamentals of Risk Management

Clive Thompson was founding Chair of the Professional Standards and the Interest Group Committees of the Institute of Risk Management where he served on the board and was Deputy Chair until 2020. Based in West Sussex, UK, he has been a risk manager and consultant delivering projects globally. He is a Certified Fellow of the IRM.

Section - ONE: Introduction to Risk Management;


Chapter - 01: Approaches to Defining Risk;
Chapter - 02: Impact of Risk on Organizations;
Chapter - 03: Types of Risks;
Chapter - 04: Scope of Risk Management;
Chapter - 05: Principles and Aims of Risk Management;


Section - TWO: Approaches to Risk Management;


Chapter - 06: Risk Management Standards;
Chapter - 07: Establishing the Context;
Chapter - 08: Enterprise Risk Management;
Chapter - 09: Alternative Approaches;


Section - THREE: Risk Assessment;


Chapter - 10: Risk Assessment Considerations;
Chapter - 11: Risk Classification Systems;
Chapter - 12: Risk Analysis and Evaluation;
Chapter - 13: Loss Control;
Chapter - 14: Defining the Upside of Risk;


Section - FOUR: Risk Response;


Chapter - 15: Tolerate, Treat, Transfer and terminate;
Chapter - 16: Risk Control Techniques;
Chapter - 17: Insurance and Risk Transfer;
Chapter - 18: Business Continuity;


Section - FIVE: Risk Strategy;


Chapter - 19: Core Business Processes;
Chapter - 20: Reputation and the Business Model;
Chapter - 21: Risk Management Context;
Chapter - 22: Risk Management Responsibilities;
Chapter - 23: Control of Selected Hazard Risks;


Section - SIX: Risk Culture;


Chapter - 24: Risk-Aware Culture;
Chapter - 25: Importance of Risk Appetite;
Chapter - 26: Risk Training and Communication;
Chapter - 27: Risk Practitioner Competencies;


Section - SEVEN: Risk Governance;


Chapter - 28: Corporate Governance Model;
Chapter - 29: Stakeholder Expectations;
Chapter - 30: Operational Risk Management;
Chapter - 31: Project Risk Management;
Chapter - 32: Supply Chain Management;


Section - EIGHT: Risk Assurance;


Chapter - 33: The Control Environment;
Chapter - 34: Risk Assurance Techniques;
Chapter - 35: Internal Audit Activities;
Chapter - 36: Reporting on Risk Management

"This book is the definitive 'go to' guide for those involved in risk management. Its logical structure offers a comprehensive analysis of every facet of risk management, including current challenges such as alignment with corporate strategy, ESG and cyber risks."

"This book provides a thorough and instructive foundation for any professional or team looking to increase their enterprise's rigour around risk. Acknowledging and discussing critical contextual issues, such as global finance, international regulations, corporate culture and natural human responses to risk, sets the reader up for success - and
empowers them to proactively and positively navigate the uncertainty we all work in."-"