state enterprises risk management framework 1 internal use presentation april 14 th, 2014 philip...
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INTERNAL USE 1
STATE ENTERPRISESRISK MANAGEMENT
FRAMEWORK
PRESENTATIONApril 14th, 2014
Philip Marshall CA FCA
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RISK MANAGEMENT PROCESS - ISO 31000:2009(E) © ISO 2009 – All rights reserved
ISO 31000:2009(E) © ISO 2009 – All rights reservedINTERNAL USE
Com
mun
icati
on a
nd C
onsu
ltatio
n
Mon
itorin
g an
d Re
view
Risk Assessment
Risk Analysis
Risk Evaluation
Establishing the Context
Risk Treatment
Enterprise Objectives
Risk Identification Risk Description Risk Estimation
Figure 1.0
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2.0 ENTERPRISE OBJECTIVES - CORPORATE PLANNING PROCESS
CONTEXT OF ENTERPRISES OPERATIONS AT THE APPROPRIATE LEVEL OF THE ENTERPRISE CONDUCT
The Institute of Risk Management INTERNAL USE
STRATEGICOBJECTIVE
OPERATIONALOBJECTIVE
REPORTINGOBJECTIVE
COMPLIANCEOBJECTIVE
RISK EVENT
RISK EVENT
RISK EVENT
RISK EVENT
RISK ANALYSIS
RISK TREATMENT
RISK EVALUATION
MONITOR AND REVIEW