Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Risk Management

by Paul Hopkin

This fifth edition of Fundamentals of Risk Management is a comprehensive introduction to commercial and business risk for students and risk professionals. Providing extensive coverage of the core frameworks of business continuity planning, enterprise risk management and project risk management, this is the definitive guide to dealing with the different types of risk an organization faces. With relevant international case examples including Ericsson, Network Rail and Unilever, the book provides a full analysis of changes in contemporary risk areas including supply chain, cyber risk, risk culture and appetite, improvements in risk management documentation and statutory risk reporting.

Now revised to be completely aligned with the recently updated ISO 31000 and COSO ERM Framework, this comprehensive text reflects developments in regulations, reputation risk, loss control and the value of insurance as a risk management method. Also including a thorough overview of international risk management standards and frameworks, strategy and policy, Fundamentals of Risk Management is the definitive text for those beginning or considering a career in risk. Online supporting resources include lecture slides with figures, tables and key points from the book.

Genres: Nonfiction, Business, Finance

480 pages, Paperback

First published June 1, 2010

Reviews

[Jules · Rating 4 out of 5]

Essential reading if you're studying for the IRM exams. Basically my work bible. Subject is Enterprise risk, focused on looking at the opportunity side of risk as well as the down side. Tackles tricky to explain to non risk professional subjects like risk appetite and the difference between appetite and tolerance. Easy to dip into and use as reference after the exams are a distant memory 😃

[J. T. · Rating 4 out of 5]

Reasonable overview

This is an interesting overview of risk management but it is long on theory and short on practice. I think this is one of the criticisms of the risk management industry. There's a gap between theory and practice.

[Masumi Hashiguchi · Rating 2 out of 5]

My review is for the 5th edition, which I had to read for a certification I am taking for risk management. There's some good information here, but what really frustrated me when reading this is how unstructured the content is. There's no proper structure for each topic; information on a topic may be described in different chapters and you need to pick it out yourself. Concepts are often described in a "trail of thought" way. There was a lot of repetition littered across the chapters of the same sentences/concepts, and the same terminology/concept is often defined at least 3 times in the same chapter but in completely different ways. As a core reading material for my certification the quality is very disappointing.

[Jane]

relationship between risk and return

[Marwa · Rating 2 out of 5]

Lol I absolutely read this 100% forced

*for work assignment*
It was horror. So glad i'm not in a business field.

[Mike · Rating 4 out of 5]

I have to take exams based partly on the content of this book. I'll tell you what I think when I get the results!

[Annarella · Rating 5 out of 5]

A very interesting and detailed book about risk management. Useful for all those that have to manage risks.
Strongly recommended.
Many thanks to Netgalley and Kogan Page Ltd

[Renwick · Rating 4 out of 5]

Without doubt, this is a definitive guide to RIck Management and one that should be on the bookshelf of anyone devoted to this subject. As a manager with responsibilty for managing risk within my own domain, I also found the book to be of value in my workplace. This is a subject area that is constantly changing and this fifth edition has been updated for that purpose. This book will certainly have a place in my electronic bookshelf.
Thanks to Netgalley and the publisher for providing me with a copy of this book in exchange for an honest review.