Corporate risk management - Merna, Tony (Wiley, 2008)
Includes bibliographical references (pages 381-393) and index
The book analyzes, compares, and contrasts tools and techniques used in risk management at corporate, strategic business and project level and develops a risk management mechanism for the sequencing of risk assessment through corporate, strategic and project stages of an investment in order to meet the requirements of the 1999 Turnbull report. By classifying and categorizing risk within these levels it is possible to drill down and roll-up to any level of the organizational structure and to establish the risks that each project is most sensitive to, so that appropriate risk response strategies
Introduction -- The concept of risk and uncertainty and the sources and types of risk -- The evolution of risk management and the risk management process -- Risk management tools and techniques -- Financing projects, their risks and risk modelling -- Portfolio analysis and cash flows -- Risk management at corporate level -- Risk management at strategic business level -- Risk management at project level -- Risk management at corporate, strategic business and project levels -- Risk management and corporate governance -- Risk management and Basel II -- Quality related risks -- Case study 1 : risks in projects in the pharmaceutical industry -- Case study 2 : risk modelling of supply and off-take contracts in a petroleum refinery procured through project finance -- Case study 3 : development of risk registers at corporate, strategic business unit and project levels and a risk statement -- Case study 4 : development of a typical risk statement to shareholders
Keywords: Business; BUSINESS & ECONOMICS / Insurance / Risk Assessment & Management; Corporations / Finance / Management; Industrial management; Risk management; Wirtschaft; Corporations -- Finance -- Management; Unternehmen; Risikomanagement