Organizations of all types and sizes face internal and external factors that make it uncertain whether and when they will achieve their objectives. How this uncertainty affects an organization's objectives is a “risk”. A risk does not necessarily has a negative outcome, since it's occurrence might, ultimately, bring positive results to the organization.
Organizations manage risk by identifying it, analyzing it, and then evaluating whether the it should be modified by stablishing controls to satisfy their risk criteria or left as it currently is
Throughout this process, they communicate and consult with stakeholders to ensure that no further risk treatment is required. The International Standard ISO 31000 describes this systematic and logical process in detail.
Set controls to add value
and maximize opportunities
ISO 31000 establishes a comprehensive framework to ensure that risk is managed effectively, efficiently, and coherently across an organization.
This standard recommends that organizations develop, implement, and continuously improve a framework whose purpose is to integrate the process for managing risk into the organization's overall governance, strategy and planning, management, reporting processes, policies, values and culture.
INSI can help your organization establishing a risk management framework in accordance with the International Standards:
ISO 31000 - Risk Management Principles and Guidelines
ISO 31010 - Risk Assessment Techniques
As a matter of fact, we always establish this framework while implementing or updating any management system based on an ISO standard!
Athough ISO 31000 is non-certifiable, the benefits of identifying, assessing, and controlling the risks in your organizations are tremendous, since they reduce uncertainty in your processes and projects.
INSI will help you implement a robust risk management system that once
implemented and maintained, will enable your organization to:
Increase the likelihood of achieving objectives
Improve the identification of opportunities and threats
Improve stakeholder confidence and trust
Establish a reliable basis for decision making and planning
Effectively allocate and use resources for risk treatment
Improve governance and controls
Improve operational effectiveness and efficiency
Enhance health and safety performance, and environmental protection