Description
List of Figures xxvii Preface to the Second Edition xxxi Acknowledgements xxxv About the Author xxxvii PART I ENTERPRISE RISK MANAGEMENT IN CONTEXT 1 1 Introduction 3 2 Developments in Corporate Governance in the UK 19 3 Developments in Corporate Governance in the US 41 4 The Global Financial Crisis of 2007-2009: A US Perspective 59 5 Developments in Corporate Governance in Australia and Canada 85 6 Internal Control and Risk Management 97 7 Developments in Risk Management in the UK Public Sector 109 PART II THE RISK MANAGEMENT PROCESS 137 8 Establishing the Context: Stage 1 141 9 Risk Identification: Stage 2 159 10 Risk Analysis: Stage 3 185 11 Risk Evaluation: Stage 4 197 12 Risk Treatment: Stage 5 223 13 Monitoring and Review: Stage 6 233 14 Communication and Consultation: Stage 7 241 PART III INTERNAL INFLUENCES – MICRO FACTORS 247 15 Financial Risk Management 249 16 Operational Risk Management 267 17 Technological Risk Management 309 18 Project Risk Management 333 19 Business Ethics Management 355 20 Health and Safety Management 375 PART IV EXTERNAL INFLUENCES – MACRO FACTORS 391 21 Economic Risk 393 22 Environmental Risk 413 23 Legal Risk 435 24 Political Risk 453 25 Market Risk 467 26 Social Risk 499 PART V THE APPOINTMENT 513 27 Introduction 515 28 Interview with the Client 523 29 Proposal 533 30 Implementation 541 Appendix 1: Successful IT: Modernising Government in Action 549 Appendix 2: Sources of Risk 553 Appendix 3: DEFRA Risk Management Strategy 557 Appendix 4: Risk: Improving Government’s Capability to Handle Risk and Uncertainty 561 Appendix 5: Financial Ratios 567 Appendix 6: Risk Maturity Models 573 Appendix 7: SWOT Analysis 579 Appendix 8: PEST Analysis 583 Appendix 9: VRIO Analysis 587 Appendix 10: Value Chain Analysis 589 Appendix 11: Resource Audit 591 Appendix 12: Change Management 595 Appendix 13: Industry Breakpoints 599 Appendix 14: Probability 601 Appendix 15: Value at Risk 611 Appendix 16: Optimism Bias 613 Index 621
