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Risk management

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Guest user Created:   May 02, 2017 Last commented:   May 02, 2017

Risk management

Regarding to your long experience in dealing with standards, could you please kindly help me how to build my model of risk management in some of standardized management system such as ISO 9001, 14001, 27001, 22000, and 45001. in other words how to start creating this model? Thank you in advance for your assist and help and looking foreword to get your reply as soon as possible
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Rhand Leal May 02, 2017

Answer: First of all, you need to identify for each of these standards what are their specific requirements for risk management, because there are slightly differences between them. For example, although ISO 27001, ISO 14001 and ISO 9001 consider the management of risks and opportunities related to business, ISO 27001 also has requirements for information security risk management (based on the compromising of confidentiality, integrity and availability), ISO 14001 has requirements for environmental compromising(related to environmental aspects and impacts), and for ISO 9001 you should consider risks related to products and services.

For an overview of risk management process for these standards I suggest you to take a look at these articles:
- How to address risks and opportunities in ISO 9001 https://advisera.com/9001academy/blog/2016/06/21/how-to-address-risks-and-opportunities-in-iso-9001/
- The role of risk management in the ISO 14001:2015 standard https://advisera.com/14001academy/blog/2019/08/27/key-iso-14001-benefits-to-customers/nowledgebase/the-role-of-risk-management-in-the-iso-140012015-standard/
- ISO 27001 risk assessment & treatment – 6 basic steps https://advisera.com/27001academy/knowledgebase/iso-27001-risk-assessment-treatment-6-basic-steps/

Additionally, I suggest you to take a look at ISO 31000, the ISO standard for risk management (https://www.iso.org/iso-31000-risk-management.html). This standard provides the general concepts on how to apply risk management in standards like you mentioned.

For specific orientations on methods and tools, I suggest you to take a look at ISO 31010 (https://www.iso.org/standard/51073.html), which will provide you examples of what you can use for risks on specific scenarios, like environmental and chemical risks.

These articles will provide you further explanation about risk management:
- ISO 31000 and ISO 27001 – How are they related? https://advisera.com/27001academy/blog/2014/03/31/iso-31000-and-iso-27001-how-are-they-related/
- ISO 31010: What to use instead of the asset-based approach for ISO 27001 risk identification https://advisera.com/27001academy/blog/2016/04/04/iso-31010-what-to-use-instead-of-the-asset-based-approach-for-iso-27001-risk-identification/

These materials will also help you regarding risk management:
- Book ISO 27001 Risk Management in Plain English https://advisera.com/books/iso-27001-annex-controls-plain-english/
- The basics of risk assessment and treatment according to ISO 27001 [free webinar] https://advisera.com/27001academy/webinar/basics-risk-assessment-treatment-according-iso-27001-free-webinar-demand/

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nurisaad May 02, 2017

Dear/Sir
Hi
Thank you very much for your answering and trying to help me, but your answer still not yet enough up to my knowledge .
I went through your articles which covers only 3 standards out of 5 and understand the requirements of risk management for each standard, but the problem couldn't imagine the model of risk management process for all 5 standards together how looks like?, in another words how can we combine all of these risk requirements (5 standards) in one risk management process such as the one in ISO 31000?
I hope that you understand me now and did not disturb you or wast your your time
Thank you again and have a nice time
Kind regards
Nuri

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