Three Steps Starting Effective and Efficient Risk Management according to ISO 31000

Three steps for implementing effective and efficient risk management according to ISO 31000:2018

Practical guidance
This bi-lingual brochure (German and English) enables the user to develop and implement a professional risk management in three steps. It describes approaches for integrating risk management into the company's existing management systems. It provides comprehensive information on the topic, but focuses in particular on simple and quick application – a solid basis for an initial risk management that helps prevent internal risks and reduces liability for organizational negligence.

Fast and effective risk management
This guide helps to establish an efficient and effective risk management. Small and medium sized enterprises will find practical step-by-step instructions for a customized risk management.

Topics included
The brochure explains the functioning of a risk management loop and breaks down the standard DIN ISO 31000:2018 into specific steps:

• Framework setup
• Process setup (risk management loop)
  General, leadership and commitment, integration, design, implementation, assessment, improvement
• Application of process (risk management loop)
  Risk identification, risk analysis, risk assessment, risk treatment

The brochure includes illustrative diagrams to facilitate comprehension. It describes the interaction between risk management and internal auditing from a national as well as international perspective (including the Institute of Internal Auditors diagram in an Annex). Moreover, emphasis is placed on the bilingual format of the book (German/English) which is particularly relevant for companies with an international reach.

Target readership:
Business leaders, line managers, controllers, process owners, risk managers and all other parties involved in the design and implementation of risk management processes, particularly in small and medium sized companies