Business Risk Assessment

Offering both the internal auditor and the general business reader a comprehensive introduction to the topic of risk management, this book has long been a hit at risk management seminars and is one of the reference materials used in preparation for the CCSA exam. Author McNamee discusses strategic, project, and operational risk management from a manager's point of view and identifies the core principle of risk management: managers putting assets at risk to achieve objectives. He points out that controls (in the form of an accurate means to measure, assess, and prioritize risk) are a crucial factor in an organization's future success. Promoting risk management practices that provide an accurate lens on the future, the book uses an approach to business-risk modeling that has proven effective for both strategic planning and the annual audit planning process. It provides steps for strategic, project, and operational risk assessment; methods for identifying, measuring, and prioritizing risk; and models for risk assessment that produce the most credible, timely, and cost-effective results. The book tackles implementation issues by providing a risk management self-assessment questionnaire that involves all entities of the organization in the process. This leads to organizationwide risk management controls that result in the efficient and effective response to the rapidly changing conditions of the emerging global market. Business Risk Assessment is a critical contribution to risk management literature and offers everything you need to know to build winning practices for your own organization.