Fundamentals of Risk Management - 7th Edition by Kate Boothroyd & Clive Thompson

About the Book

Gain a complete understanding of the core concepts, frameworks and strategies of enterprise risk management with this comprehensive text for students and risk professionals.

Book Synopsis

Fundamentals of Risk Management provides a comprehensive introduction to enterprise risk for students and risk professionals, with tools and tips, expert insights and coverage of key developments in an ever-evolving field.

Effective enterprise risk management allows organizations to maximize opportunities and minimize uncertainty. Aligned with ISO 31000, the COSO ERM Framework and the UK's Orange Book, this guide covers the key principles of risk management and how to deal with the different types of risk that organizations face. The frameworks of business continuity planning, enterprise risk management and project risk management are covered alongside an overview of international risk management standards and frameworks, strategy and policy. The text provides a clear introduction to a variety of risk management approaches used in sectors such as insurance, banking, law, health and safety and supply chain management.

Now in its seventh edition, Fundamentals of Risk Management guides readers through the steps of risk identification, risk analysis, risk description and risk estimation. It includes new chapters covering emerging trends in risk management such as resilience, sustainability and strategic risk. It offers increased international coverage around corporate governance and real-world examples, allowing students to connect theory to practice. Supporting online resources include lecture slides with figures, tables and key points from the book.

Review Quotes

"The imperative for organizations to take risks to create value never goes away. Understanding the rules of the game is an essential first step, equipping both people new to risk management, and those who are willing to learn, with the knowledge they need and ideas of what they can do differently. This seventh edition provides a one-stop shop for all the requisite knowledge."-- "Dr Ruth Murray-Webster, Director, Potentiality Consultancy Services"

About the Author

Kate Boothroyd is the Director of KB Risk Consulting Limited, a risk management consultancy. She is a Certified Fellow of the Institute of Risk Management, one of their accredited trainers and lead developer of the IRM's updated Enterprise Risk Management Certificate. She was previously Deputy Chair of the IRM. She is based in Huddersfield, UK.

Clive Thompson was Deputy Chair of the IRM until 2020. He has been a risk manager and consultant delivering projects globally and is a Certified Fellow of the IRM. He is based in West Sussex, UK.

The Institute of Risk Management is a world leading professional body for risk management, driving excellence in managing risk to ensure organizations are ready for opportunities and threats of the future.