Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters. IT security threats and data-related risks, and the risk management strategies to alleviate them, have become a top priority for digitised companies. As a result, a risk management plan increasingly includes companies' processes for identifying and controlling threats to its digital assets, including proprietary corporate data, a customer's personally identifiable information and intellectual property.
The ISO 31000 principles provide frameworks for risk management process improvements that can be used by companies, regardless of the organization's size or target sector. The ISO 31000 is designed to "increase the likelihood of achieving objectives, improve the identification of opportunities and threats, and effectively allocate and use resources for risk treatment," Although ISO 31000 cannot be used for certification purposes, it can help provide guidance for internal or external risk audit, and it allows organizations to compare their risk management practices with the internationally recognized benchmarks.
To develop understanding on risk assessment principles & guidelines & implement it across the organization, TUV India Training Academy offers a comprehensive training programs for the organizations to acquire knowledge & skills.
The following training courses may be useful :
- Awareness training programs for senior management teams to drive the implementation of risk assessment principles & guidelines.
- Awareness training programs for the employees at all levels to develop understanding on the requirements of ISO 31000.