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Chapter
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1
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Introduction
to Risk Management
Why
is risk management important? Chapter 1 considers the importance
of risk and covers: the difference between personal risk and
corporate risk; and the broad nature of risks that organizations
now have to face. |
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2
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What
is Risk Management?
Most
organizations manage their risks badly and don't understand
the importance or benefits of good risk management. Chapter
2 therefore covers some of the basics. |
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3
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Evolution
of Risk Management
The
increasing complexity of organizations has necessitated effective
risk management, but what else has led to its increased importance?
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4
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E-Dimension:
Risk Management
The
Internet has resulted in a whole tranche of new risks that
have to be managed. This chapter discusses: the risks associated
with electronic mail; and the major risks associated with
internet ventures, including the "me-too" risk,
the risk of failing to deliver a robust product, the risks
of poor data currency, the risks of online fraud and the risks
of security breaches and unauthorized access. |
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5
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The
Global Dimension
Globalization
has allowed organizations to extend their corporate reach
around the world. It has provided a rich source of human capital
which is cheaper than in the industrialized world. However,
the combination of the Internet and an increased awareness
of global issues has raised new risks. |
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6
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The
State of the Art
Succeeding
at risk management is now a multidisciplinary skill. This
means understanding and managing the broad range of risks
that face the organization. This chapter discusses how best
to respond. |
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7
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Risk
Management In Practice
Managing
risk is not simple, but many organizations have learnt to
manage the risks they face. |
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8
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Key
Concepts and Thinkers
Risk
management has many terms and concepts. This chapter covers
the majority of them. |
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9
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Resources
Plenty
has been written about risk management, and it covers a great
raft of material. Chapter 9 identifies some of the many resources
available. |
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10
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Ten
Steps to Making Risk Management Work
Being
successful at risk management means: understanding your risk
appetite; formalizing the process; identifying and categorizing
risk at all levels; managing risks actively etc. |
