Risk Management Process by Zomak Assignments Welcome to the world of Risk Management Process, presented by Zomak Assignments. In this SlideShare, we are excited to delve into the crucial domain of risk management and showcase how our expertise can empower your organization to identify, assess, and mitigate risks effectively. Contact us : Just DM on @zomakassignment Check Our Website: www.moodlemonkey.com Check out our : https://twitter.com/zomakassignment Check out our : https://in.pinterest.com/zomakassignment10/ Check out our : https://www.facebook.com/profile.php?id=100092178241448 Check out our : https://www.linkedin.com/in/akshay-goswami8782226/

1. AS ISO 31000: Risk
management process

2. Steps in risk management
Identify the risk
Analyze the risk
Prioritize the risk
Treat the risk
Monitor the risk

3. Identify the risk
Finding fault and risk in the organization is not like a
bad thing but a healthy thing to do know the possible
problems and current issues to focus and solve.
Use different risk analyzing tools and other sorts of
business analyzing and monitoring tools for better
knowledge about the business insight

4. Analyze the risk
After finding that there has been issues in the firm of any sort its
time to analyze them and getting more information about the
issues and other sorts of related thing as what cause it and its
impact on the business.
To check what could have done better and could have avoided
to minimize the risks or to eliminate or to avoid it totally.
Can we solve it or to let third party handle it.
This all included analyzing phase.

5. Prioritize the risk
After analyzing the risks its time to categorize them bases on the
cause and effect ration.
Easily achievable must be done fast which also impact the most.
Time consuming and low impacting issues must be resolved
later.
Always try to prioritize the risk based on the consequences.

6. Treat the risk
After analyzing and prioritizing the risk it is time to treat the risk
as per the requirement of the risk.
Solving must be done after proper analyzing and prioritizing as
generally issues are interrelated and can cause other issues to
raise if doesn’t treated accordingly

7. Monitoring the risk
After conducting all 4 steps which are identify, analyze, prioritized and the
treat to risk.
Last and final step is to monitor the result of treatment whether it is solving the
issue or not is it going as per the plan or not.
Is there any kind of other fault because of that is raising or not
Is it require some other sort of treatment or not.

8. conclusion
 Finding faults and risks must be taken as in positive sense as
it will going to raise the overall performance of the firm and
due to that it became it became very important to put
necessary effort in it too.
 Above mentioned methodology fits best in terms of risk
management tried and tested in big and small firms which
make it very reliable and trust worthy