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Key Themes in ISO 31000 - Coggle Diagram
Key Themes in ISO 31000
1.Principles of Risk Management
Integration with organizational processes
Structured and comprehensive
Customized to the organization
Inclusive of stakeholders
Dynamic and responsive to change
8.Stakeholder Involvement
Recognizing their interests and concerns
Identifying and engaging stakeholders
2.Framework
Establishing the context
Risk identification
Risk assessment
Risk treatment
Monitoring and review
Communication and consultation
3.Risk Management Process
• Establishing the context
• Risk Identification
• Risk Assessment
• Risk Treatment
• Monitoring and Review
Monitoring changes
Periodic review
Options for treating risk
Evaluation of treatment options
Likelihood and impact
Risk evaluation
Sources of risk
Events and consequences
Internal and external context
Risk criteria
7.Continuous Improvement
Learning from experience
Adapting the risk management framework
Enhancing the overall effectiveness of risk management
6.Documentation and Record-Keeping
Documentation of decisions and actions taken
Maintaining records of risk management activities
5.Communication and Consultation
Internal and external communication
Information sharing
Consultation with stakeholders
4.Integration with Organizational Processes
Aligning with governance and management
Embedding into the culture of the organization
Incorporating into decision-making processes