Managing Business Risk
by Peter C. Young and Steven C. Tippins
Organizations have always assessed and managed risk, but until recently
this function has been isolated and little understood. Now risk management
is moving into a broader spotlight, taking its rightful place beside
strategic and operations management. This extensive overview explains
the fundamentals and highlights the changing role of risk management
in:
* Managing financial and technological risks--and minimizing catastrophic
risks
* Limiting corporate exposure to legal liability
* Funding disability, retirement, and other human resource issues.
Aimed at specialists and non-risk managers alike, MANAGING BUSINESS
RISK also identifies special risk management considerations for specific
types of businesses and industries. It presents a framework called Organizational
Risk Management (ORM), which facilitates an integrated, money-saving,
company-wide approach. Readers can use ORM to systematically support
the corporate mission, assess and control risk, fund the purchase of
insurance and other risk management tools, and finance corporate losses.
The Risk Management Process
by Christopher L. Culp
Integrates
essential risk management practices with practical corporate business
strategies.
Focusing on educating readers on how to integrate risk management with
corporate business strategy-not just on hedging practices-The Risk Management
Process is the first financial risk management book that combines a
detailed, big picture discussion of firm-wide risk management with a
comprehensive discussion of derivatives-based hedging strategies and
tactics.
An essential component of any corporate business strategy today, risk
management has become a mainstream business process at the highest level
of the world's largest financial institutions, corporations, and investment
management groups. Addressing the need for a well-balanced book on the
subject, respected leader and teacher on the subject Christopher Culp
has produced a well-balanced, comprehensive reference text for a broad
audience of financial institutions and agents, nonfinancial corporations,
and institutional investors.
Learn about today's hottest new risk management tools.
One of the hottest areas of finance today, alternative risk transfer,
or ART, refers to the use of various insurance products to manage market,
credit, operational, legal, environmental, and other forms of risk.
As the capital and insurance markets continue to converge, the number
and complexity of new risk-defraying insurance products available to
corporations, brokerages, money managers and other financial professionals
will continue to grow.
Expert Christopher L. Culp uses case studies of recent ART transactions
used by risk managers to put the field into perspective for financial
professionals and to acquaint them with the various types of risk control
products now available. In addition he explores, in-depth, the links
between ART, derivatives and bank-arranged risk financing, and he explains
the key differences between classic insurance products and financial
guarantees, risk financing, bundled layering, and other ART forms.
Project
and Program Risk Management:
A Guide to Managing Project Risks and Opportunities
by R. Max Wideman
Brevity
and ease of reference make this handbook a useful introduction to risk
in the project or program environment. The book provides a simplified
understanding of the nature of project risk and opportunity, and a systematic
approach to risk reduction. You’ll get useful insights into the
process of project risk management whether you’re working on a
small administrative project, a large capital works project, or anything
in between. Concepts, tools, and techniques covered include: risk identification,
risk assessment goals and methodology, computer applications, risk response
and documentation, management of contingency allowances, managing risks
of the project’s environment, and dealing with risks in contracts.
This book is essential reading to learn more about the Project Management
Body of Knowledge (PMBOK®).
Project
Risk Management:
Processes, Techniques and Insights
by Chris Chapman and Stephen Ward
In
the estimating, planning, implementation and realisation of any project,
large or small, an understanding of risk management is critical. The
central aim of Project Risk Management is to set out the key issues
and concepts involved in effective risk management in a clear and accessible
way.
The methodology is applicable to all kinds and all sizes of project,
whether this warrants detailed, quantitative analysis or a "quick
and dirty" approach using only qualitative analysis. Project Risk
Management meets the growing need for a generic methodology employing
a systematic approach to project risk management. A central concern
of the authors is to provide a comprehensive discussion of risk management
processes set firmly in the context of the project management task as
a whole, with a view to improving project performance. Its emphasis
is risk management rather than risk evaluation and it treats risk management
as an "add in" (rather than as an "add on") to project
management.
Based on a sound conceptual foundation, developed to meet practical
concerns, Project Risk Management is a clear, comprehensive guide relevant
to anyone involved in managing a project.
