Simple Tools and Techniques for Enterprise Risk Management (The Wiley Finance Series)

Hardcover

ISBN 10: 0470014660 ISBN 13: 9780470014660

Publisher: Wiley, 2006

Enterprise Risk Management (ERM) represents a fundamental shift in the way businesses must approach risk. As the economy becomes more service driven and globally oriented, businesses cannot afford to let new, unforeseen areas of risk remain unidentified. Currency fluctuations, human resources in foreign countries, evaporating distribution channels, corporate governance, and unprecedented dependence on technology are just a few of the new risks businesses must assess.

This accessible book, aimed at the implementers and practitioners of ERM, provides a highly structured approach so you can easily implement processes in your own organization. You'll find a number of case studies and practical examples from a variety of industries. The chapters are organized in a way that leads you through ERM implementation and include risk identification techniques, risk modelling methods, and the underlying statistics. Order your copy today!

From the Back Cover:

The need to understand risks and opportunities is inescapable when striving to grow any business. Hence a business’s ability to prosper in the face of risk is a prime indicator of its ability to compete. However the speed of change in markets, technology and communication combined with the diverse sources of risk, means that for risk management to be effective, it has to be methodical and broad in its approach. Additionally it has to be ingrained in the business psyche, the ‘normal way of doing things’.

Simple Tools and Techniques for Enterprise Risk Management builds from the bottom up to provide a readily understood methodical approach to risk management, while at the same time describing the diverse sources of risk, to encourage a broad approach. To convey the context of enterprise risk management, the commissioning process when engaging consultants, a common approach to implementation and the sources of risk, the book is divided into five parts.

•  Part 1 describes the catalysts for and developments in corporate governance, internal control and risk management.
• Part 2 examines the procurement of risk management services by a client together with the steps a consultant engages in, in terms of interviewing the client prior to an assignment and the preparation of a proposal, to secure a new commission.
• Part 3 describes the risk management process being composed of six stages. The inputs, outputs, constraints and enablers of each stage are described to aid implementation.
• Part 4 describes what are termed management applications, those sources of risk that to a large extent are under the control of any individual business.
• Part 5 describes the external influences on a business which present sources of risk which in the main are beyond the control of any one business

From the Inside Flap:

“Enterprise Risk Management is a necessary and valuable tool for identifying, quantifying and mitigating risks across an organisation but it is also a significant undertaking in terms of knowledge and application. In these days of fiscal regulatory and political correctness this book addresses ERM in its broadest sense, providing useful reference and examples. Written in a clear and concise manner the content should be of tremendous value to anyone involved in risk, audit or corporate governance whether as an analyst or board member.”

—Robin Paris,Director, Group Risk, Nestlé

[1 more endorsement to come]