Now more than ever organizations must plan response & recognize all forms of risks that they face. Fundamentals of Risk Management" now in its second edition provides a comprehensive introduction to the subject of commercial & business risk for anyone studying for a career in risk as well as a broad range of risk professionals. It examines the key components of risk management & its application with examples to demonstrate its benefit to organisations in the public & private sector. The second edition has been completely updated to take into account the greater influence of ISO 3100 the emergence of Governance Risk & Compliance (GRC) & the wide use of the bowtie method to illustrate risk management. In addition there is now a chapter on the skills & competencies required by an effective risk manager."