Risk management plays a critical role in every organization. This is because risk is the primary cause of uncertainty in an organization. Thereby, organizations focus on identifying, assessing and taking economic control of different risks. This helps to make effective decisions in the future. Large organizations have separate risk management department whereas for a small business may or may not have it. So, it is always recommended to read risk management books that helps you small business owners to manage risks in a better way. Here is a list of books of risk management that helps your business in managing risk better.

Against the Gods: The Remarkable Story of Risk ~ Peter L. Bernstein
The New York Times Business, USA Today and The Wall Street Journal bestseller book “Against the Gods” is an informative, entertaining and challenging book. This book is divided into five periods are 1200, 1200-1700, 1700-1900, 1900-1960 and post 1960. In each period, Peter L Bernstein describes about different personalities. In short, he narrated history of risk management in a beautiful way that helps you to understand the meaning of probability and risk.

Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die ~ Eric Siegel
‘Predictive Analytics’ author Eric Siegel explains Predictive Analytics as a technology that helps in predicting the human behavior. This helps business in allocating the resources in an effective way. In short, the author explained clearly the power and risk of prediction.

The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street ~Justin Fox
The New York Time bestseller ‘The Myth of the Rational Market’ is written by former Time Magazine economics columnist Justin Fox. This book is named as one of Library Journal Best Business Books of the Year. In this book, Justin Fox takes you from the earliest days of wall street to the present financial crisis and clearly explains where it went wrong. This is a recommended book for every one who want understand the mess where we are in.

Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project ~ Tom Kendrick PMP
This is an effective guide that takes you through each and every phase of project and shows you how to take necessary risks at each point of its implementation. Tom Kendrick explained it beautifully by taking real-world examples and proven methods. This book helps you manage the projects effectively and efficiently.

How to Measure Anything: Finding the Value of Intangibles in Business ~Douglas W. Hubbard
‘How to Measure Anything ‘ is the one such book must and should read by every business man. Douglas Hubbard provides powerful and practical techniques that help you measure those things in your business which you have considered immeasurable – technology investment return on, customer satisfaction, technology risk and so on. This book helps you to measure anything – uncertainty and risk in a meaning full way.

Risk Management: Concepts and Guidance ~ Carl L. Pritchard
This book is a good project management tool that helps you in gaining a clear perspective on risk management. And the techniques that are highlighted by the author helps you in identifying, assessment and management of organizational risk.

The Essentials of Risk Management ~ Michel Crouhy
Michel Crouhy is a Head of Research and Development at NATIXIS Corporate and Investment Bank. In this book, the author talks about the various organizational issues and regulatory aspects, and tools for controlling the operational, credit and market risks. This increases the transparency of risk management program that satisfy your organization employees, shareholders and others.

The Failure of Risk Management: Why It’s Broken and How to Fix It ~ Douglas W. Hubbard
Douglas W. Hubbard, the inventor of Applied Information Economics (AIE) and he is a recognized expert in the field of risk management. In this book, author tells you the critical flaws in risk management methods and how it can be fixed. This book is an invaluable guide that every business professional should read who makes critical business decisions.

Fundamentals of Enterprise Risk Management: How Top Companies Assess Risk, Manage Exposure, and Seize Opportunity ~ John J. Hampton
The author takes case studies and new innovative concepts like alignment of risks with the business model, creation of a central risk function, hierarchical risk structures and so on, which helps you to implement Enterprise Risk Management effectively in your organization.

Enterprise Risk Management: Today’s Leading Research and Best Practices for Tomorrow’s Executives ~ John Fraser
This book is an informative risk management guide that offers many concepts and techniques – risk tolerance, risk profiles, risk workshops, resources allocation, etc. There techniques help you implement enterprise risk management in a successful manner.