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

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.

Kate Boothroyd is an expert risk management consultant experienced in project and corporate risk management and Director of KB Risk Consulting Limited. Kate has supported major clients in the public, private and third sectors across different countries and industries.


Kate has been an active member of the IRM since joining and achieved Fellowship in 1996. Kate is an approved trainer for several of the IRM's training courses. She is also the lead developer of the IRM's International ERM Certificate update and one of its Blended Learning tutors. In addition, Kate is the Lead Examiner on the Chartered Governance Institute UK & Ireland's Qualifying Programme Risk Management Module.