How Top 100 Firms Impact Business Risk

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Some additional information that may benefit readers. For risk management to be effective, an organization should at all levels comply with the principles outlined in the ISO31000 standard. Why reinvent the wheel when its comes to risk management. The standard provides excellence guidance on application and practice of risk management in all sectors. The key to risk management is learning its true intent so the real world diligent and defensible risk practice can help you achieve your objectives. Risk Management –
– creates and protects value;
– is an integral part of all organizational processes;
– is part of decision making;
– explicitly addresses uncertainty;
– is systematic, structured and timely;
– is based on the best available information;
– is tailored;
– is aligned with the organization’s external and internal context and risk profile;
– takes human and cultural factors into account;
– recognizes the capabilities, perceptions and intentions of external and internal people
that can facilitate or hinder achievement of the organization’s objectives;
– is transparent and inclusive;
– is dynamic, iterative and responsive to change;
– facilitates continual improvement of the organization;
©ISO31000:2009 Risk Management.

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