About Risk Management
ISO 31000/COSO is one of the leading frameworks in the implementation of Risk Leading organizations understand that risk is a source of competitive advantage. By managing risk more, effectively these organizations unleash their full potential, creating and protecting value for all their stakeholders
Management and provides principles, framework, and a process for managing risk. It can be used by any organization regardless of its size, activity, or sector. It helps organizations increase the likelihood of achieving objectives, improve the identification of opportunities and threats and effectively allocate and use resources for risk treatment.
Benefits of Implementing Risk management Standard (ISO 31000/COSO)
- It helps organizations to set successful strategy and governance
- Show that an organization is compliant with relevant legal and regulatory requirements
- It helps an organization to make and achieve risk-informed decisions
- Implementing risk management ensures there is an appropriate level of organizational resilience
- Risk management facilitates continual improvement within an organization.