A Practical Guide to Risk Management Review: A Practical Guide to Risk Management. Thomas S. Coleman's book, A Practical Guide to Risk Management, is a thoughtful, engaging work that board members and senior managers, in particular, will find most instructive. Coleman argues that, while risk measurement is a specialized technical discipline that should often be housed in a separate department, risk management is the responsibility of the board, the CEO, and every line manager in the firm. One chapter presents fundamental concepts of risk management, including a lucid explanation of frequency-based and belief-based probability. Another, devoted to managing risk, incorporates a superb ... Read more »
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