ISO 31000 Checklist

ISO 31000 Risk

ISO 31000:2009 Checklist

Risk Management Principals

4.0 Framework

4.1 Mandate & Commitment

  • Defined and endorsed a risk management policy
  • Determined risk performance indicators
  • Aligned risk objectives and indicators to organizational objectives and indicators
  • Ensured legal and regulatory compliance

4.2 Design Framework

  • Evaluated external context
  • Evaluated internal context

Risk Policy

  • Rationale for managing risk
  • Accountabilities
  • How conflict of interest is dealt with
  • Links between organizations objectives and risk policy
  • Commitment to resource risk management
  • How risk performance managed, measured and reported
  • Commitment to review and improve the policy
  • Identify risk owners
  • Identify responsibility for our framework
  • Identify risk responsibilities
  • Establish performance measures and reporting and escalation processes
  • Ensure appropriate levels of recognition
  • People
  • Organizational processes, methods and tools
  • Documented processes and procedures
  • Information and knowledge management systems
  • Training

4.3 Implementing Risk Management Framework

  • Applied risk management policy to organizational processes
  • Complied with legal and regulatory requirements
  • Ensured decision making is aligned with risk management
  • processes
  • Held information and training sessions
  • Communicated and consulted with stakeholders

4.4 Monitoring & Review

  • Measure risk management performance against indicators
  • Measure progress against risk management plans
  • Review whether the framework and policy are still appropriate
  • Report on risk
  • Review the effectiveness of the framework

4.5 Continual Improvement

5.0 Process

5.1 General

  • An integral part of management
  • Embedded in culture and practices
  • Tailored to your organisation

5.2 Communication & Consultation

5.3 Establishing Context

5.2 Defining Risk Criteria

5.6 Risk Assessment

5.7 Risk Treatment

  • Reasons for selection and expected benefits
  • Responsibilities
  • Proposed actions
  • Resource requirements
  • Performance measures
  • Reporting and monitoring requirements
  • Timing

5.8 Monitoring & Review

5.9 Recording

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What is ISO 31000 Risk Management?

Some organisations are exposed to more risks than others due to the nature of their business or their business environment. Some organisations are willing to accept more risk than others because with more risk we expect more return.

Why do I need ISO 31000 Risk Assurance?

Risk management can also help an organisation ensure that it complies with relevant legal and regulatory requirements and it can also improve stakeholder confidence and trust in an organisations performance.

How can I get certified?

Getting ISO certification is a lot easier than you might think, We take you through the three step audit process from your initial enquiry to the final certification decision.

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