10 Best Books on Risk Management

We have compiled a list of the Best Reference Books on Risk Management, which are used by students of top universities, and colleges. This will help you choose the right book depending on if you are a beginner or an expert. Here is the complete list of Risk Management Books with their authors, publishers, and an unbiased review of them as well as links to the Amazon website to directly purchase them. If permissible, you can also download the free PDF books on Risk Management below.

1."Risk Management for Engineering Projects" by Nolberto Munier
“Risk Management for Engineering Projects” Book Review: The goal of this book is to teach the process of risk management by introducing methodologies and concepts for identifying and managing sources of risk and error. It covers many areas, including identification and assessment, implementing measures to prevent, reduce or mitigate risks, evaluating impacts, quantifying risks, and establishing control measures. The book describes many topics in detail, including safety, environmental impacts, societal reactions, time and cost overruns, quality control, legal issues, financial considerations, and political risk. To provide practical knowledge, the book includes many case studies, examples, and applications of engineering projects. This book is intended for undergraduate and graduate students studying risk management.

2."Categorisation and formulation in risk management" by Peter Nilsson
“Categorisation and formulation in risk management” Book Review: This book is well-organized and covers many important issues related to risk management, including risk documents for a project, categorization problems, and how to formulate risk statements. It starts with an overview of experience-based risk management (EBRM) and presents clear methods and techniques for categorization and formulation. In the final section, the book introduces and explains a categorization system that can be used to analyze and solve problems within a specific risk domain.

3."Web Engineering: Awareness on the Importance of Early Risk Management" by Thamer Al-Rousan
“Web Engineering: Awareness on the Importance of Early Risk Management” Book Review: This is a thoroughly updated and revised book that covers all the major aspects of web engineering. It includes clear explanations of typical web application characteristics, the development of web applications, and current problems and limitations in web development. The book also introduces several approaches and techniques related to the latest software project risk management, including new models to avoid risk and improve risk management. Additionally, the book covers every aspect of early risk management in detail.

4."Practical Methods of Financial Engineering and Risk Management" by CHATTERJEE Rupak Chatterjee
“Practical Methods of Financial Engineering and Risk Management” Book Review: The book provides an introduction to the latest concepts, tools, and valuation techniques required for financial engineering and risk management. The first few chapters cover financial instruments, yield curves, statistical analysis of finance data, stochastic processes, and optimal hedging. The rest of the book discusses credit derivatives, various types of risk, power laws, extreme value theory, and hedge fund replication. The book teaches readers how to simulate financial scenarios using probability distributions and other mathematical techniques. Practical methods are also included to demonstrate the real-world applications of finance and risk management. The book is suitable for advanced students and finance professionals.

5."Financial Engineering, Risk Management & Financial Institutions" by G V Satya Sekhar
“Financial Engineering, Risk Management & Financial Institutions” Book Review: The book is a comprehensive and updated guide on the fundamental concepts of financial engineering and risk management. It provides a thorough introduction to the topics, covering financial innovation, equity shares, debt markets, bond valuation, hedging techniques, asset liability management, and various types of risk management. The book also delves into financial institutions, including banking and non-banking entities, financial intermediaries, insurance industry, and merchant banking. The final section of the book explains various financial instruments in detail. The book includes self-study questions and assessments to aid the readers in comprehending the concepts.

6."Analytical Methods for Risk Management" by Paul R Garvey
“Analytical Methods for Risk Management” Book Review: The book provides a comprehensive introduction to engineering risk management with a clear focus. The chapters cover major topics related to probability properties, theory, decision analysis, preference theory, and risk/utility functions. The analytical topics related to engineering risk management are thoroughly explained. Each chapter ends with a set of exercises and questions. The book uses figures, diagrams, flow charts, and visual displays to illustrate its content. It also highlights the practical applications of analytical techniques and processes in specific systems engineering environments. This book is recommended for professionals working in the industrial sector and government officials seeking practical knowledge in engineering risk management.

7."Risk Management in Architectural Design: Control of Uncertainty over Building Use and Maintenance (SpringerBriefs in Applied Sciences and Technology)" by Claudio Martani
“Risk Management in Architectural Design: Control of Uncertainty over Building Use and Maintenance (SpringerBriefs in Applied Sciences and Technology)” Book Review: This book explains how to manage risks in building designs and operations. It teaches methods and tools to make plans and evaluate designs. The book shows how different design choices affect a building’s performance and how to meet client requirements. The book includes a risk dashboard that shows how to measure risks. The dashboard helps designers and clients keep the project on track. The book also has methods to evaluate projects for risks that could happen in the future.

8."Enterprise Risk Management in International Construction Operations" by Bon-Gang Hwang and Sui Pheng Low
“Enterprise Risk Management in International Construction Operations” Book Review: Professionals and students who want to learn about enterprise risk management (ERM) in international construction operations can benefit from this book. The book mainly focuses on Chinese construction firms operating in Singapore. It explains the differences between risk management, project risk management, and enterprise risk management. The book also talks about how organizational behavior is used to evaluate ERM and how companies can adapt to RM, PRM, and ERM.

9."Operational Risk Management: A Case Study Approach to Effective Planning and Response" by Mark D Abkowitz
“Operational Risk Management” Book Review: This is a book that talks about different types of disasters such as man-made disasters, natural disasters, and terrorist attacks. The author worked hard to identify areas that can be improved and those that cannot be changed. He explains how we can use these ideas to make our country, community, and planet safer. This book is informative and helpful for everyone.

10."Modern Actuarial Risk Theory: Using R" by Rob Kaas and Marc Goovaerts
“Modern Actuarial Risk Theory: Using R” Book Review: This book explains non-life insurance mathematics in an important way. It starts with utility theory, individual and collective models, and basic ruin theory. It also discusses risk measures and premium principles. Other topics include bonus-malus systems, ordering of risks, and credibility theory. The book also talks about Generalized Linear Models and how they can be used for rating and IBNR problems. It is suitable for bachelor’s or master’s students.

We have put a lot of effort into researching the best books on Risk Management and came out with a recommended list and their reviews. If any more book needs to be added to this list, please email us. We are working on free pdf downloads for books on Risk Management and will publish the download link here. Fill out this Risk Management books pdf download" request form for download notification.

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Manish Bhojasia - Founder & CTO at Sanfoundry
Manish Bhojasia, a technology veteran with 20+ years @ Cisco & Wipro, is Founder and CTO at Sanfoundry. He lives in Bangalore, and focuses on development of Linux Kernel, SAN Technologies, Advanced C, Data Structures & Alogrithms. Stay connected with him at LinkedIn.

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