Introduction – benefits of risk management , environment of business, know business, establishment checks and balances, set limits and boundaries ,concepts : risk concepts, risk process, risk awareness, risk measurement, risk control, enterprise risk management frame work, enterprise risk management : benefits of enterprise risk management, chief risk officer, components of ERM. Corporate governance, line management, portfolio management, risk transfer, risk analysis, data and technology, stake holder management , risk management application : credit risk management , market risk management , operations risk management ,business applications , financial institutions , energy firms, non financial corporation’s look up to future : predictions