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Risk Assessment Methodology

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Guest user Created:   Jun 18, 2020 Last commented:   Jun 18, 2020

Risk Assessment Methodology

Thanks for the webinar, it went as expected but rather quick.

The question I asked which you didn't understand is about ¨ISO 27001 risk assessment methodology¨. It talks about defining rules on how you are going to perform the risk management because you want the whole organization to do it the same way. It further states that the ¨biggest problem with risk assessment happens if different parts of the organization preform it in a different way¨.

Now my question is, does an organization have 2 or more ways of risk assessment methodology when they are supposed to work under one ISMS in the organization? Or why would an organization choose/have more than one way of risk assessment methodology?

I hope that my question is clear.

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ISO 27001 DOCUMENTATION TOOLKIT

Step-by-step implementation for smaller companies.

ISO 27001 DOCUMENTATION TOOLKIT

Step-by-step implementation for smaller companies.

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Rhand Leal Jun 18, 2020

It is expected that under an ISO 27001 certified ISMS an organization has only one risk assessment and risk treatment methodology approach, so it can produce comparable results all across the ISMS scope, but there are rare cases where parts of the scope may be under different legal requirements (e.g., laws, regulations or contracts) demanding each one of them to use a different approach, or the performed processes defined by the organization require different approaches (e.g., risk management process for project development and for financial risk assessment).

In such cases, the ISMS must provide a way for the risks from different approaches to be compared (e.g., by using a conversion table, so the results from one approach can be translated to the other and vice versa)

This material will also help you regarding risk management for ISO 27001:

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Jun 18, 2020

Jun 18, 2020