World events such as terrorism, natural disasters and the global financial crisis have raised the profile of risk. Now more than ever, organizations must plan, respond and recognize all forms of risks that they face. Risk management is a core business skill and understanding and dealing with risks effectively can both increase success and reduce the likelihood of failure. Fundamentals of Risk Management provides a comprehensive introduction to this important subject. It is suitable for those starting a career in risk as well as all professionals who need to consider how types of risks impact on their organizations. It clearly defines the three main areas of risk - operational, change and strategic - and examines how to recognize the associated risks and both the problems and opportunities these present. The book is also supported by a broad range of case studies and well-known examples, providing an accessible introduction to this key area.