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Reviews

Read reviews of our publications here.

  • Review of Dr. Herdmann’s book by Steve O’BRIEN Associate researcher in global risk management for the graduate School of Engineering ESAIP, France and Convenor of the terminology group for ISO TC 262: In this handbook Dr Frank Herdmann, as an active member of the ISO Technical Committee 262 on risk throughout the development of ISO 31000 version 2018, has shared his experience and appreciation of major changes in risk management and the transition from the 2009 version of the standard.

    He stimulates interest in developing risk management especially in SMEs and provides a practical starting point with the ISO 31000 approach.

    The Handbook highlights the common-sense character of ISO 31000 and its iterative approach, stressing the important contributions of human and cultural factors and the key role of decision making.

    To accentuate the dynamics of managing risk Dr Frank Herdmann has introduced the idea of a “RM Loop” to illustrate how risk management is an integral part of the core business process linking in all sectors of an organisation. He concludes with the necessary “hands on” approach of risk management where new skills and knowledge come with practice.

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    Review of Michael Parkinson, Retired convenor of national mirror committee: Dr Herdmann has written a very accessible introduction to ISO 31000.  Where many risk management experts manage to confuse, this short book refines risk management to its essentials, demonstrating how the application of risk management in the business environment is simply the structured application of common sense.

    This book provides a sound guide to the application of risk management in the small/medium enterprise environment.  It is designed for beginners and provides solid first-steps allowing that organizations will gradually expand their risk management discipline as they become more sophisticated.

    Even larger enterprises may find the approach valuable, and it provides a good basis for any business person who wants to understand what risk management is about.  The text provides signposts for those who want to develop a fuller understanding.

    While clearly based on ISO 31000-2018, those whose organizations choose to adopt the COSO frameworks will find much of value in this book.  The underlying principles of risk management are clearly stated and are applicable to both these common frameworks.  Indeed, those organizations that choose to maintain a bespoke framework – not a practice to be recommended – will still find value in examining this text.

    The English translation is a little stilted in a few places, but this will not cause the reader any difficulty.  Dr Herdmann’s deep understanding of risk management shows through.  I commend this book to practitioners and students of risk management.

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    Review of Sandy Weiner, Leadership Mindfulness Coach and Designer of integrated, collaborative change: In a market saturated with works on business and risk management, Dr. Frank Herdmann’s Three Steps Starting Effective and Efficient Risk Management According to ISO 31000, serves as an excellent framework for individuals within corporate leadership seeking to learn about and deepen their knowledge, as well as implement risk management for both the understanding of the Risk Management integration in general and the 2018 guidelines. 

    His work details each step of ISO 31000 and clearly explains what needs to happen to manage risk and integrate risk management across the entire corporate system for small to medium enterprises. With a human tone to such a technical topic, Dr. Herdmann expresses the basic principles of the standard, explains it and offers a process-structure for implementation with clear diagrams. In its clear and concise writing and adroit discussion of the subject, the book enables both laymen and experienced risk-managers the ability to understand ISO 31000 and the need to incorporate risk management in all levels of an organization’s operations and project design. Expressed through clear and accessible charts, to-the-point languages and written usefully in both English and German. The work simplifies the complex and provides an overview of the intricacies of the risk-management procedure in line with ISO 31000. The work can be both helpful as a reference guide and as a starting point through which to understand the process of integration of risk management into the larger ecosystem.

    This work provides the technical content and the process for successful implementation in line with the ISO 310000 standard. While the framework expressed is general, it allows for significant customization, continuous improvement and integration throughout all corporate systems. Dr. Herdmann persuasively discusses both the fundamentals and the benefits of risk management, and offers both guidance and roadmaps for the technical implementation for leaders and addresses the need for collaboration, continuous improvement and integration.

    I recommend this book a tool for understanding the implementation process and components of risk management in line with ISO 31000 for all stakeholders.

    It has been a pleasure to review and recommend this book.

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