The Value TRAI is a four part classification which has been developed to enable any business entity, process, project or job to be broken down into its component value elements. This then provides a framework for the identification, prioritisation, evaluation and management of business risks. In addition to the value TRAI this book introduces a series of simple tools which address business risks: both threats and opportunities. The Author, Chris Duggleby, has spent over thirty years managing chemicals businesses around the world working with several internationally respected partners. His recent work focused on the management of Joint Ventures and the design of Management of Change processes for transformation projects. His first-hand knowledge of managing industrial business risks has been used in the design of the tools and processes described in this book. Using a standardised set of easy to apply risk management tools is fundamental to the introduction of an enterprise wide risk management system. This book, supported by the www.bizchangers.com website, describes these tools and how to apply them.