Organisations, irrespective of their scale or nature, grapple with an array of internal and external factors that introduce an element of uncertainty, thereby posing challenges to the attainment of their objectives.
In the intricate landscape of organisational activities, risk becomes an inherent facet. The impact of this uncertainty on an organisation's objectives is encapsulated within the term "risk."
My Experience:
✅ ISO 27005 Information Security Risk Management
✅ ISO 31000 Risk Management
The implementation and consistent upkeep of a risk management framework may empower organisations to:
✅ Increase the likelihood of achieving objectives.
✅ Encourage proactive management.
✅ Be aware of the need to identify and treat risk throughout the organisation.
✅ Improve the identification of opportunities and threats.
✅ Comply with relevant legal and regulatory requirements and international norms.
✅Improve mandatory and voluntary reporting.
✅ Improve governance.
✅ Improve stakeholder confidence and trust.
A comprehensive risk assessment plays a pivotal role in evaluating various dimensions that can impact your business. Examples encompass:
✅ Political
✅Economic
✅ Social & Cultural
✅Technological
✅Legal
✅ Ecological
By scrutinising these facets, a nuanced understanding of potential risks emerges. This insightful assessment serves as the foundation for implementing targeted controls to effectively manage or mitigate identified risks, thereby fortifying the resilience of your business against a dynamic and multifaceted landscape.
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