This guide examines the risks routinely encountered in business, offers prescriptions to assess the effects of various risks, and details strategies to cope with risks. Illustrating major principles with case studies, the book outlines a systematic risk management process. Individual chapters address the limitation of risk management, the identification of risk, qualitative analysis, quantitative analysis, the role of probability and statistics, planning, monitoring and controlling risk, and various types of risk. Frame is affiliated with the University of Management and Technology.