ABOUT THE BOOK

This book examines the current status of the discipline of risk management and the contribution that risk management tools and techniques can make to the fulfillment of the corporate mission. Risk management currently faces many challenging questions and it is not yet proven that “holistic risk management” will be able to deliver all of the benefits that have been promised by risk management specialists, practitioners and consultants. The fact that risk management is currently a high profile management initiative means that it has become fashionable. Fashion is dangerous in this context, because what is fashionable becomes highly desirable. However, what is fashionable today will, in time, become very unfashionable. The result will be that risk management as a valuable discipline becomes discredited. This book is intended to add to the debate on the contribution that risk management can make to the success of an organization. The aim of all risk management practitioners is to ensure that the discipline continues to contribute to the achievement of the corporate mission. This contribution will only be valued if risk management facilitates a sustained increase in the level of success of the organization.