Essentials and assessment of risk management

Abstract

Risk management has become an indispensable function in modern organisations, playing a critical role in safeguarding assets, ensuring regulatory compliance, and enhancing decision-making processes. In an era characterised by increasing complexity and uncertainty, the need for structured, dynamic, and forward-thinking risk management frameworks has never been more pronounced. This volume, Essentials and Assessment of Risk Management, is a comprehensive resource designed to provide both aspiring and seasoned risk professionals with a robust understanding of risk management principles, frameworks, and practical applications. This book is part of the FERMA-rimap® Series, which aims to create a dynamic, continuous learning platform for risk professionals across Europe and beyond. The content has been meticulously curated to align with the evolving landscape of risk management, drawing from best practices, established methodologies, and contemporary challenges faced by organisations. It serves as a valuable reference for those preparing for the FERMA-rimap® certification, as well as for practitioners seeking to deepen their expertise in enterprise-wide risk management. The structure of this book reflects a holistic approach to risk management, beginning with foundational concepts and progressing towards more complex topics, such as strategic risk management, financial models for risk analysis, and emerging trends in risk governance. Through detailed discussions on frameworks such as ISO 31000:2018 and COSO ERM, we aim to equip professionals with the knowledge required to implement effective risk management strategies that integrate seamlessly with organisational objectives.