Surveys of corporate practices show that firms take risk management seriously and devote considerable resources to it. Enterprise Risk Management (ERM) offers firms a set of tools for holistic risk management, and its proponents claim benefits such as fewer surprises, better risk responses, and the elimination of various suboptimal practices associated with the traditional, silo-based approach to risk management. However, despite the many apparent benefits of ERM, many senior decision-makers remain unsure how to approach it. The ERM literature is currently sprawling, with a large number of different interpretations and sometimes complex-looking blueprints and guidelines, leading to a fear that ERM, if implemented in the wrong way, will just add a layer of bureaucracy to the organization without bringing real benefits. Available information tends to be in the form of textbooks covering all aspects of the topic without any particular focus on practical implementation, or of case studies which focus on one particular aspect or application rather than the broader picture. There is a gap in the market for a book which presents the core ideas and concepts of ERM in a simple, clear, start-to-finish narrative