state enterprises risk management framework 1 internal use presentation april 14 th, 2014 philip...

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STATE ENTERPRISES RISK MANAGEMENT FRAMEWORK 1 INTERNAL USE PRESENTATION April 14 th , 2014 Philip Marshall CA FCA

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Page 1: STATE ENTERPRISES RISK MANAGEMENT FRAMEWORK 1 INTERNAL USE PRESENTATION April 14 th, 2014 Philip Marshall CA FCA

INTERNAL USE 1

STATE ENTERPRISESRISK MANAGEMENT

FRAMEWORK

PRESENTATIONApril 14th, 2014

Philip Marshall CA FCA

Page 2: STATE ENTERPRISES RISK MANAGEMENT FRAMEWORK 1 INTERNAL USE PRESENTATION April 14 th, 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

Page 3: STATE ENTERPRISES RISK MANAGEMENT FRAMEWORK 1 INTERNAL USE PRESENTATION April 14 th, 2014 Philip Marshall CA FCA

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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