Corporate Risk Management [Hardcover]

The book analyzes, compares, and contrasts tools and techniques used in risk management at corporate, strategic business and project level and develops a risk management mechanism for the sequencing of risk assessment through corporate, strategic and project stages of an investment in order to meet the requirements of the 1999 Turnbull report. By classifying and categorizing risk within these levels it is possible to drill down and roll-up to any level of the organizational structure and to establish the risks that each project is most sensitive to, so that appropriate risk response strategies may be implemented to benefit all stakeholders.

The new edition of this book provides a clear insight into the intricacies of corporate risk management and the addition of the case study exemplars aids understanding of the management of multiple projects in the real world.
—Professor Nigel Smith, Head of the School of Civil Engineering, University of Leeds

1 Introduction.

1.1 Introduction.

1.2 Why Managing Risk is Important.

1.3 General Definition of Risk Management.

1.4 Background and Structure.

1.5 Aim.

1.6 Scope of the Book.

2 The Concept of Risk and Uncertainty and the Sources and Types of Risk.

2.1 Introduction.

2.2 Background.

2.3 Risk and Uncertainty: Basic Concepts and General Principles.

2.4 The Origin of Risks.

2.5 Uncertainties.

2.6 Sources of Risk.

2.7 Typical Risks.

2.8 Perceptions of Risk.

2.9 Stakeholders in an Investment.

2.10 Summary.

3 The Evolution of Risk Management and the Risk Management Process.