Identification of the context of the organization for risk assessment
Identify and analyze the current operating context of the organization to determine the potential risks that may impact its operations. Consider factors such as industry trends, market conditions, regulatory requirements, and internal processes. This task plays a crucial role in setting the foundation for the risk assessment process and helps establish a comprehensive understanding of the organization's risk landscape.
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1Finance
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2Human Resources
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3Operations
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4Information Technology
Identification and analysis of possible risks
Evaluation of risks consequences
Evaluation of risk likelihood
Establish risk treatment options
Implement selected risk treatments
Review and update the risk assessment
Approval: Risk Assessment Documentation
Will be submitted for approval:
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Identification of the context of the organization for risk assessmentWill be submitted
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Identification and analysis of possible risksWill be submitted
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Evaluation of risks consequencesWill be submitted
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Evaluation of risk likelihoodWill be submitted
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Establish risk treatment optionsWill be submitted
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Implement selected risk treatmentsWill be submitted
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Review and update the risk assessmentWill be submitted
Communicate and consult with relevant stakeholders about the risk assessment
Document risk assessment results and decisions
Monitor and review risk assessment on an ongoing basis
Approval: Ongoing Risk Assessment
Will be submitted for approval:
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Review and update the risk assessmentWill be submitted
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Document risk assessment results and decisionsWill be submitted
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Monitor and review risk assessment on an ongoing basisWill be submitted
Conduct training and awareness programs for the identified risks
Establish a systematic review of the risk assessment
Approval: Systematic Review
Will be submitted for approval:
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Monitor and review risk assessment on an ongoing basisWill be submitted
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Conduct training and awareness programs for the identified risksWill be submitted
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Establish a systematic review of the risk assessmentWill be submitted
Present risk assessment to the ISO committee for feedback
Update risk assessment based on committee feedback
Approval: Final Risk Assessment
Will be submitted for approval:
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Present risk assessment to the ISO committee for feedbackWill be submitted
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Update risk assessment based on committee feedbackWill be submitted
Implement and communicate final risk assessment to the organization
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