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HTGMS  believe:

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• Risk management is an essential element of modern business operations.

• Risk management is based on fundamental principles, including assessment and mitigation.

• Risk-based decision making and risk-based problem solving™ are the keys to future business success.

• Executives, management, decision makers, and operations personnel need to know risk and how to make risk-based decisions.

• Everyone will need to become a risk manager.

 

 

ISO 31000: Enterprise Risk Management 

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• Architect the system.

•  Architecting means determining which elements of the risk management framework, system, or process should be used and tailored based on the organizational context.

• Design the system.

•  Designing the system means determining how each element of the risk management process can be tailored to specific organizational stakeholders, customers, and interested parties.

• Implement the system.

•  Implementing means integrating the risk management framework and process into the organization’s general management system. This step is often a behavioral and cultural change in the project.

• Assure the system.

•  Assuring means risks are being controlled within the organization’s risk appetite and objectives are being met.

 

ISO 31000: ENTERPRISE RISK MANAGEMENT BENEFITS

ISO 31000: Enterprise Risk Management is adaptable to different organizations, contexts, statutes, and environments. Properly architected, designed, implemented, and assured,  ISO 31000: Enterprise Risk Management book offers you the following benefits:

• Is an international standard that more than 60 countries have adopted as a national risk standard.

• Is practical for the small to medium sized organization getting into Risk Based Thinking.

• Can be applied and integrated into ISO management systems easier than any risk management framework.

• Can be applied to organizations in almost any sector, maturity level, and capability level.

• Is an open ended guideline that is flexible and open to interpretation so it can be applied universally.

• Encourage proactive, preventive, preemptive, and predictive™ decision making rather than reactive management.

• Identify and treat risks throughout the enterprise.

• Improve identification of upside risks (opportunities) and downside risks (threats).

• Comply with legal and regulatory requirements.

• Improve financial reporting.

• Improve corporate governance, risk, and compliance (GRC).

• Improve stakeholder confidence and trust.

• Improve ‘Tone at the Top’ and other soft controls.

• Establish a reliable basis for risk based, problem solving and decision making.

• Improve operational risk controls.

• Allocate resources effectively and efficiently for risk management, treatment, and mitigation.

• Improve operational effectiveness, efficiency, and economics.

• Improve incident management and prevention.

• Identify and minimize possible losses.

• Is structured around the PDCA cycle that most operations, six sigma, and quality professionals understand.

• Is a short standard that can be read easily and quickly.