Description
This document provides guidelines on managing risk faced by organizations. The application of these guidelines can be customized to any organization and its context. This document provides a common approach to managing any type of risk and is not industry or sector specific. This document can be used throughout the life of the organization and can be applied to any activity, including decision-making at all levels
Contents Page
1 Scope ………………………………………………………………………………………………………………………………………….. 2
2Normative references……………………………………………………………………………………………………………….. 2
3 Terms and definitions………………………………………………………………………………………………………………. 2
4 Principles…………………………………………………………………………………………………………………………………….. 3
5 Framework…………………………………………………………………………………………………………………………………. 5
5.1General………………………………………………………………………………………………………………………………………. 5
5.2Leadership and commitment………………………………………………………………………………………………… 6
5.3Integration………………………………………………………………………………………………………………………………. 6
5.4Design ……………………………………………………………………………………………………………………………………… 6
5.5Implementation………………………………………………………………………………………………………………………. 7
5.6Evaluation ……………………………………………………………………………………………………………………………….. 9
5.7Improvement…………………………………………………………………………………………………………………………… 9
6Process……………………………………………………………………………………………………………………………………….. 9
6.1General……………………………………………………………………………………………………………………………………… 9
6.2Communication and consultation ……………………………………………………………………………………… 10
6.3Scope,context and criteria……………………………………………………………………………………………………. 11
6.4Risk assessment……………………………………………………………………………………………………………………….. 12
6.5Risk assessment………………………………………………………………………………………………………………………… 14
6.6Monitoring and review…………………………………………………………………………………………………………….. 16
6.7Recording and reporting………………………………………………………………………………………………………… 16
Bibliography……………………………………………………………………………………………………………………………………. 17