Risk Management Basics : Uncertainty, Perils, Hazards and the Risk Management Process

It’s a very useful book for us as student of General Insurance , we need to understand so many nuances . Useful to understand what insurance company can do to recognise the risk and then mitigate it . A must read for people trying to understand the risk they are exposed to and how to mitigate it .Bisheshwari Singh

Coming from an insurance expert, the book is a good example of how simple language without an overload of jargons, solid examples and engaging tone makes for a good read.Kudos to Prantik for demystifying risk management for all interested, to make a compelling read.Kudos Prantik! Keep up the good work

I liked the book coz its written in very simple language and useful for basic learner who can understand the Risk transfer and Risk analysis which is the concept of Risk Management. Thanks for useful information .

This is a good read and very beneficial for not only engineering related insurance people but also for companies and individuals to understand the Risk and adequate coverage thereof.We are looking forward to more work like this from a great and experience author like Mr.Mitra.Congratulations...

Excellent book on Risk Management from a practitioner. Lots of practical examples have been given by Prantik while explaining the concepts of risk control and treatment. Must read for everyone involved in managing operational risks.

Amazing clarity of concepts in layman's language. Its a must have possession for an insurance and risk management professional. Kudos to good work

Book: Risk Management BasicsAuthor: Prantik Mitra.Pages: 143.The book starts with defining what exactly risk is and what are the various types of risks. It also clearly mentions the various difference between Risk and Uncertainty. How do the commons define and how does the dictionary do it?There are various types of risks including political, strategic, model, reputational and operational.One working in any organization or any industry for that matter must have their picture of the basics which are explained in the book some through lucid flow charts.Some techniques are mentioned in the book that will undoubtedly help in the long run.In industrial processes, some methodologies are used to identify and deal with potential problems even though such methods are outlined in the book.Then the book talks about risk analysis which maps quantitative or qualitative. How the risks can be identified and taken care of are explained with common examples along with some pictures, flow charts and even pie charts are used while dealing with Histogram.Overall, the language is easy and since the basics are explained the book will be quite handy.Do give this book a chance.