Risk Management, Step by Step for 2027

Build a complete, practical risk process, from appetite and identification to scoring, response, monitoring and business continuity, with a spreadsheet and the people who know the work.

Who it's for

Managers, project leads, trustees and founders who are responsible for risk but do not want to become risk specialists. You need no software beyond a spreadsheet and no qualification. The chapters follow the broad sequence of the international standard ISO 31000.

What you'll learn

• Link risk to your objectives and write a risk appetite statement on a five-level scale
• Identify risks with prompt lists, interviews, workshops, assumption checks and Gary Klein’s pre-mortem, and write each one as cause, event and consequence
• Score likelihood and impact on defined scales, before and after controls, and avoid false precision
• Analyse causes and controls with bow-tie diagrams and rate how well each control really works
• Quantify your biggest risks with three-point estimates and expected monetary value, and size a contingency you can defend
• Choose between the 4Ts (treat, tolerate, transfer, terminate) and plan responses to opportunities
• Keep a living register with key risk indicators, use the Institute of Internal Auditors’ Three Lines model, and prepare a business impact analysis and a continuity plan on a page

What's inside

• 58 pages, 8 chapters
• Each chapter gives you key concepts, a step-by-step method, an illustrative example from a fictional UK organisation, a ready-to-use tool, common mistakes, a recap of the key steps and a short exercise to try this week
• Worked examples from four fictional UK organisations: a food manufacturer, a care home group, a civil engineering firm and an arts charity
• Tools in every chapter, including the risk appetite statement template, risk description builder, scoring scales, bow-tie worksheet, risk quantification sheet, risk response plan, KRI dashboard and business impact analysis table
• A 30-60-90 day action plan with checklists, a quarterly risk review and a glossary
• PDF in A4 format — read on screen or print
• Instant download after purchase

Contents

1. Setting Context and Risk Appetite
2. Identifying Risks Systematically
3. Assessing Likelihood and Impact
4. Analysing Causes and Controls with Bow-Ties
5. Putting Numbers on Your Biggest Risks
6. Choosing the Right Response
7. Monitoring Risks with Registers and KRIs
8. Building Resilience and Business Continuity

Part of The Business Library

This title is one of the 55 ebooks in The Business Library, available together for £109 (worth £1,437 if bought separately: the total of the individual prices of the included titles in our store). It is also included in The Ultimate Business Bundle, which adds 8 checklists and toolkits and 10 workbooks — all 73 products for £147.