The document outlines the 7 steps of the risk management process:
1. Communicate and consult to identify stakeholders in the risk assessment.
2. Establish the context by defining internal/external factors and risk criteria.
3. Identify risks through retrospective analysis of past issues and prospective analysis of future risks.
4. Analyze risks by evaluating their consequences and likelihood using qualitative or quantitative methods.
5. Evaluate risks by comparing them to the established risk criteria to determine if treatment is needed.
6. Treat risks by selecting options to reduce negative risks or enhance positive ones.
7. Monitor and review risks on an ongoing basis to ensure the risk management process remains effective.
The document outlines the 7 steps of the risk management process:
1. Communicate and consult to identify risks and those involved in managing them.
2. Establish the context by understanding objectives, internal/external factors, and risk criteria.
3. Identify risks through retrospective analysis of past issues and prospective analysis of future threats.
4. Analyze the risks by evaluating their potential consequences and likelihood.
5. Evaluate the risks by prioritizing those that exceed established risk criteria.
6. Treat risks by developing options to reduce negative risks to acceptable levels.
7. Monitor and review risks and treatments to ensure risks remain managed over time.
This document discusses eliciting risk information through communication and consultation with stakeholders. It notes that risk identification requires input from multiple stakeholders as no single person holds all relevant information. Effective communication methods depend on the complexity and significance of the issue. Risk identification involves establishing the internal and external context, risk management context, and defining risk criteria. Tools like SWOT analysis and stakeholder analysis can help identify strengths, weaknesses, opportunities, threats, and key stakeholders. Relevant parties should be invited to assist in risk identification through research, tools, and consultation.
The document discusses health, safety, and environment topics related to risk management. It provides definitions of risk and risk management. The risk management process involves establishing the context, identifying risks, analyzing risks, evaluating risks, treating risks, responding to risks, and monitoring risks. It also discusses risk management standards and provides examples of identifying both past and potential future risks through various techniques. The document is presented by students for a class on the given topics.
The document discusses the five phases of risk management process: establish context, identify risks, analyze risks, evaluate risks, and treat risks. It also discusses establishing the strategic, organizational, risk management, and project contexts. Key risk categories are described such as operational, schedule, budget, business, and technical environment risks. Risk assessment and handling strategies like retaining, abating, mitigating, transferring, and avoiding risks are also summarized. Types of changes and the ADKAR change management model are defined.
Finance is the procurement (to get, obtain) of funds and effective (properly planned) utilization of funds. It also deals with profits that adequately compensate for the cost and risks borne by the business
The document outlines the risk management process used at a university. It consists of 6 steps: 1) Establish the context by defining objectives and stakeholders, 2) Identify risks and how they could occur, 3) Analyze risks by evaluating existing controls and likelihood and impact, 4) Evaluate risks to determine if they are acceptable, 5) Treat risks by reducing likelihood or impact or other options, and 6) Monitor and review the risk management process. The goal is to properly manage risks to help the university achieve its strategic goals and successfully execute operations.
PECB Webinar: ISO 31000 - The Benchmark for Risk Management in uncertain timesPECB
The webinar covers:
• Overview of ISO 31000 and how this standard implies threats but opportunities as well
• Risk-based thinking as an integral part of ISO 9001:2015 and ISO 14001:2015
• Principles, processes and framework of ISO 31000
• How organizations can reduce uncertainty, seize opportunities and treat risks
Presenter:
This session will be presented by PECB Trainer Jacob McLean, Principal Consultant and Managing Director of Kaizen Training & Management Consultants Limited.
Link of the recorded session published on YouTube: https://youtu.be/MVBMM6X3Vgw
The document outlines the 7 steps of the risk management process:
1. Communicate and consult to identify risks and those involved in managing them.
2. Establish the context by understanding objectives, internal/external factors, and risk criteria.
3. Identify risks through retrospective analysis of past issues and prospective analysis of future threats.
4. Analyze the risks by evaluating their potential consequences and likelihood.
5. Evaluate the risks by prioritizing those that exceed established risk criteria.
6. Treat risks by developing options to reduce negative risks to acceptable levels.
7. Monitor and review risks and treatments to ensure risks remain managed over time.
This document discusses eliciting risk information through communication and consultation with stakeholders. It notes that risk identification requires input from multiple stakeholders as no single person holds all relevant information. Effective communication methods depend on the complexity and significance of the issue. Risk identification involves establishing the internal and external context, risk management context, and defining risk criteria. Tools like SWOT analysis and stakeholder analysis can help identify strengths, weaknesses, opportunities, threats, and key stakeholders. Relevant parties should be invited to assist in risk identification through research, tools, and consultation.
The document discusses health, safety, and environment topics related to risk management. It provides definitions of risk and risk management. The risk management process involves establishing the context, identifying risks, analyzing risks, evaluating risks, treating risks, responding to risks, and monitoring risks. It also discusses risk management standards and provides examples of identifying both past and potential future risks through various techniques. The document is presented by students for a class on the given topics.
The document discusses the five phases of risk management process: establish context, identify risks, analyze risks, evaluate risks, and treat risks. It also discusses establishing the strategic, organizational, risk management, and project contexts. Key risk categories are described such as operational, schedule, budget, business, and technical environment risks. Risk assessment and handling strategies like retaining, abating, mitigating, transferring, and avoiding risks are also summarized. Types of changes and the ADKAR change management model are defined.
Finance is the procurement (to get, obtain) of funds and effective (properly planned) utilization of funds. It also deals with profits that adequately compensate for the cost and risks borne by the business
The document outlines the risk management process used at a university. It consists of 6 steps: 1) Establish the context by defining objectives and stakeholders, 2) Identify risks and how they could occur, 3) Analyze risks by evaluating existing controls and likelihood and impact, 4) Evaluate risks to determine if they are acceptable, 5) Treat risks by reducing likelihood or impact or other options, and 6) Monitor and review the risk management process. The goal is to properly manage risks to help the university achieve its strategic goals and successfully execute operations.
PECB Webinar: ISO 31000 - The Benchmark for Risk Management in uncertain timesPECB
The webinar covers:
• Overview of ISO 31000 and how this standard implies threats but opportunities as well
• Risk-based thinking as an integral part of ISO 9001:2015 and ISO 14001:2015
• Principles, processes and framework of ISO 31000
• How organizations can reduce uncertainty, seize opportunities and treat risks
Presenter:
This session will be presented by PECB Trainer Jacob McLean, Principal Consultant and Managing Director of Kaizen Training & Management Consultants Limited.
Link of the recorded session published on YouTube: https://youtu.be/MVBMM6X3Vgw
How to Create a Risk Profile for Your Organization: 10 Essential StepsCase IQ
Understanding your organization’s risks is the first step in developing an effective anti-corruption compliance program. But for many businesses, identifying and understanding their risks is a complex process, involving research, analysis and cooperation from all levels of the organization. Since every company needs a robust compliance program, an effective risk analysis is crucial. The consequences of getting this step wrong can be astronomical.
Join anti-corruption experts Marc Tassé and Patrice Poitevin, as they outline the steps and tools necessary to create a risk profile for your organization.
The webinar will cover:
Tools to help determine areas of risk
Factors to evaluate
The importance of due diligence once risks are identified
Continuous evaluation of your compliance program
How to achieve accountability and transparency
This document outlines a risk assessment methodology for organizations. It discusses how risk assessments are often not implemented formally or do not provide practical advice. The presented method uses foundation documents, risk evaluation criteria, and a multi-round review process called the Delphic Technique to provide a standardized risk assessment. It recommends developing reusable templates, defining assessment scope and objectives, using the methodology to identify and evaluate risks, and creating formal treatment plans. Time is included as a variable to show changing risks over time. The goal is for assessments to identify practical risk reduction options.
This document provides an overview of ISO 27005, which provides guidelines for information security risk management. It discusses establishing the context for risk management, assessing risks, treating risks, and monitoring the risk management process on an ongoing basis. Key activities covered include risk identification, analysis, evaluation, and acceptance criteria. Qualitative and quantitative risk analysis methodologies are described. The goal is to take a systematic approach to identify security needs and risks in order to create an effective information security management system.
This document provides an overview of security risk management. It discusses reactive versus proactive approaches, and quantitative versus qualitative risk prioritization. The key steps of the security risk management process include assessing risks, conducting decision support, implementing controls, and measuring effectiveness. When assessing risks, organizations should plan the assessment, gather data through facilitated discussions, and prioritize risks. Both quantitative and qualitative approaches have benefits and drawbacks.
Risk assessment is the process of identifying risks, determining their impact and probability, and associating controls. It measures potential loss and the likelihood of loss occurring. Common types of risk assessment include qualitative, which uses terms like high, medium, low, and quantitative, which uses dollars and formulas. Performing a risk assessment involves defining its purpose, identifying the system or product, selecting an approach, gathering information, developing scenarios, estimating risks, and producing a report. Elements of good risk assessments include clear instructions, segmented questions, simplified responses, commentary areas, support contacts, focus on leaders and executors, and feedback.
The document provides guidance on quality risk management as outlined in ICH Q9. It defines key terms related to risk management such as harm, hazard, risk, severity, and quality risk management. It also outlines the basic quality risk management process which includes risk identification, analysis, evaluation, control, reduction, acceptance, communication and review. The process is meant to help assess risks to quality in a systematic way and facilitate risk-based decision making. It emphasizes basing decisions on scientific knowledge and linking risks to potential harm for patients.
Practical approach to Risk Based Internal AuditManoj Agarwal
The document provides an overview of risk based internal auditing. It discusses key concepts like the definition of risk, COSO ERM framework, three lines of defense model, definition of internal audit, and risk based internal audit approach. The approach involves identifying the audit universe and processes, risk identification and assessment, risk scoring and heat mapping, developing the risk based internal audit plan, and executing the plan. Various tools for risk based auditing like the audit tracker, audit report templates, and resources are also outlined.
Operational risk management has evolved over time as organizations seek to systematically manage risks. Key concepts include inherent risk, likelihood, exposure, and treatments like transfer, accept, and optimize. Operational risk can arise from organization, processes, technology, human factors, or external events. It is measured using tools like control and risk self-assessments to identify threats, controls, and residual risks. The goal is integrated risk management to both control risks and create shareholder value through efficiency and competitive advantage.
Presented at the MENA-OECD Business Integrity Training, 22-25 April, Kuwait. Organised by the MENA-OECD Investment Programme in cooperation with the IMF-Middle East Center for Economics and Finance
Abstract
Key Features
Assessment
Introduction
Measures
Figure 1. This is the Risk Assessment Matrix Chart on the basis of the overall scenario
(continued)
Discussion
Figure1. The overall scenario of Risk management analysis on basis of survey and guidelines :
Safety of Risk Management
Risk management is an activity which integrates recognition of risk, risk assessment, developing strategies to manage it, and mitigation of risk using managerial resources. Some traditional risk managements are focused on risks stemming from physical or legal causes (e.g. natural disasters or fires, accidents, death).
Financial risk management, on the other hand, focuses on risks that can be managed using traded financial instruments. Objective of risk management is to reduce different risks related to a pre-selected domain to an acceptable. It may refer to numerous types of threats caused by environment, technology, humans,
organizations and politics. The paper describes the different steps in the risk management process which methods are used in the different steps, and provides some examples for risk and safety management.
The risk management steps are:
1. Establishing goals and context ,
2. Identifying risks,
3. Analysing the identified risks,
4. Assessing or evaluating the risks,
5. Treating or managing the risks,
6. Monitoring and reviewing the risks and the risk environment regularly, and
7. Continuously communicating, consulting with stakeholders and reporting.
Some of the risk management tools are described in (IEC 2008) and (Oehmen 2005).
As per discussed about the overall visualisation of safety risk management we can conclude by the stated figure about the outcome of the risk factor in different zone or field of work .
The common concept in all definitions is uncertainty of outcomes. Where they differ is in how they characterize outcomes. Some describe risk as having only adverse consequences, while others are neutral.
One description of risk is the following: risk refers to the uncertainty that surrounds future events and outcomes. It is the expression of the likelihood and impact of an event with the potential to influence the achievement of an organization's objectives.
The phrase "the expression of the likelihood and impact of an event" implies that, as a minimum, some form of quantitative or qualitative analysis is required for making decisions
concerning major risks or threats to the achievement of an organization's objectives. For each risk, two calculations are required: its likelihood or probability; and the extent of the impact or consequences.
Establish goals and context:- The purpose of this stage of planning enables to understand the environment in which the
respective organization operates, that means to thoroughly understand the external environment and the internal culture of the organization.
Identify the risks :- Using the information gained from the context, particularly as cat.
This document outlines the key points from a presentation on anti-corruption compliance given by Iohann Le Frapper. It discusses the basics of anti-corruption standards and definitions, the importance of risk assessment to identify high risk areas, how to conduct due diligence on business partners, and guidance on adequate anti-corruption procedures from the UK Bribery Act.
Risk Based Internal Audit and Sampling TechniquesManoj Agarwal
This document discusses risk based internal auditing and sampling techniques. It begins with an agenda and definitions of risk, risk management, and the three lines of defense model. It then covers topics like risk identification, evaluation, scoring, developing a risk based internal audit plan, criteria for rating observations, and tools used for auditing. Sampling techniques discussed include random selection, systematic selection, monetary unit sampling, haphazard selection and block selection. Guidelines are provided for determining appropriate sample sizes based on the frequency of control activities.
The document discusses various methods for conducting risk assessment, from qualitative to quantitative. It begins by explaining strategic risk assessment and how it is focused on identifying threats to organizational objectives. It then discusses different qualitative methods like risk maps and registers. The document spends significant time exploring different quantitative and temporal methods, including comparative analysis, scenario analysis, decision tree analysis, and modeling and simulation. It emphasizes that risk assessment needs to consider various factors like likelihood, impact, emerging issues, and effectiveness of controls to identify the correct actions for mitigating risks.
The document discusses various tools and methods for hazard and risk management. It describes 12 different tools/methods: self-protective measures, training and reinforcement, communication/incentives, risk definition, risk assessment, risk control hierarchy, proactive vs reactive approaches, CAPA process, product review requirements, hazard identification/assessment/control process, and statistical tools like control charts. For each, it provides an overview and potential applications in risk management.
Review of Enterprise Security Risk ManagementRand W. Hirt
The document discusses enterprise security risk management and provides details on the risk assessment process. It defines risk as the likelihood of an adverse event occurring multiplied by the impact. Risk management aims to identify and mitigate risks to acceptable levels. The risk assessment process involves determining scope, gathering information, assessing risks, recommending controls, and determining residual risk. Controls can reduce risk through preventative, detective or corrective measures. Ongoing monitoring ensures the organization's risk posture remains consistent over time.
The document provides an overview of a risk management toolkit created by management consultants. The toolkit includes frameworks, tools, templates, tutorials, and best practices to help users define their risk management strategy and identify, assess, prioritize, mitigate and monitor risks. It outlines a 7-phase risk management approach. The summary highlights that the toolkit aims to provide a systematic approach to risk management and informed decision making.
The document discusses project risk management. It provides an overview of the risk management process, including the key inputs, tools and techniques, and outputs of each process. Specifically, it describes the processes of risk planning, identification, analysis, and monitoring. It defines risk and outlines the objectives of risk management. It also provides details about developing a risk management plan, identifying risks, performing qualitative analysis using tools like probability/impact matrices, and updating the risk register.
Risk management is important for construction projects. It involves identifying potential risks, assessing their likelihood and consequences, and developing responses to manage risks. The risk management process includes four steps: identifying hazards, assessing risks, controlling risks, and monitoring control measures. It aims to reduce the probability or impact of negative events. Key risks in construction relate to costs, time, and quality going over budget or being delayed. Risk management benefits projects by improving decision making and providing clear understanding of risks.
This document discusses risk management in healthcare settings. It explains that risk management is important in hospitals and clinics to systematically identify and address risks from human error, poor organization, and unclear management that could harm patients, cost money, or cause loss of life. The document then outlines the 7 steps of the typical risk management process: 1) establish context 2) identify risks 3) analyze risks 4) evaluate risks 5) treat risks 6) monitor and review 7) communicate and consult. It provides examples of how different organizations use risk management and how to specifically assess and analyze risks.
The document provides an introduction to the ELK stack, which is a collection of three open source products: Elasticsearch, Logstash, and Kibana. It describes each component, including that Elasticsearch is a search and analytics engine, Logstash is used to collect, parse, and store logs, and Kibana is used to visualize data with charts and graphs. It also provides examples of using each tool and a demo of parsing Apache logs with Logstash and viewing the results in Kibana.
Snort is an open source network intrusion detection and prevention system that monitors network traffic and compares it to a database of attack signatures. It has several components including a packet decoder, preprocessors, a detection engine that applies rules to packets using string matching, and output modules. The detection engine is the most important part. Rules are written in a single line with headers and options to detect attacks. Improving snort involves offloading preprocessing, using hardware to increase throughput, and developing better detection algorithms.
How to Create a Risk Profile for Your Organization: 10 Essential StepsCase IQ
Understanding your organization’s risks is the first step in developing an effective anti-corruption compliance program. But for many businesses, identifying and understanding their risks is a complex process, involving research, analysis and cooperation from all levels of the organization. Since every company needs a robust compliance program, an effective risk analysis is crucial. The consequences of getting this step wrong can be astronomical.
Join anti-corruption experts Marc Tassé and Patrice Poitevin, as they outline the steps and tools necessary to create a risk profile for your organization.
The webinar will cover:
Tools to help determine areas of risk
Factors to evaluate
The importance of due diligence once risks are identified
Continuous evaluation of your compliance program
How to achieve accountability and transparency
This document outlines a risk assessment methodology for organizations. It discusses how risk assessments are often not implemented formally or do not provide practical advice. The presented method uses foundation documents, risk evaluation criteria, and a multi-round review process called the Delphic Technique to provide a standardized risk assessment. It recommends developing reusable templates, defining assessment scope and objectives, using the methodology to identify and evaluate risks, and creating formal treatment plans. Time is included as a variable to show changing risks over time. The goal is for assessments to identify practical risk reduction options.
This document provides an overview of ISO 27005, which provides guidelines for information security risk management. It discusses establishing the context for risk management, assessing risks, treating risks, and monitoring the risk management process on an ongoing basis. Key activities covered include risk identification, analysis, evaluation, and acceptance criteria. Qualitative and quantitative risk analysis methodologies are described. The goal is to take a systematic approach to identify security needs and risks in order to create an effective information security management system.
This document provides an overview of security risk management. It discusses reactive versus proactive approaches, and quantitative versus qualitative risk prioritization. The key steps of the security risk management process include assessing risks, conducting decision support, implementing controls, and measuring effectiveness. When assessing risks, organizations should plan the assessment, gather data through facilitated discussions, and prioritize risks. Both quantitative and qualitative approaches have benefits and drawbacks.
Risk assessment is the process of identifying risks, determining their impact and probability, and associating controls. It measures potential loss and the likelihood of loss occurring. Common types of risk assessment include qualitative, which uses terms like high, medium, low, and quantitative, which uses dollars and formulas. Performing a risk assessment involves defining its purpose, identifying the system or product, selecting an approach, gathering information, developing scenarios, estimating risks, and producing a report. Elements of good risk assessments include clear instructions, segmented questions, simplified responses, commentary areas, support contacts, focus on leaders and executors, and feedback.
The document provides guidance on quality risk management as outlined in ICH Q9. It defines key terms related to risk management such as harm, hazard, risk, severity, and quality risk management. It also outlines the basic quality risk management process which includes risk identification, analysis, evaluation, control, reduction, acceptance, communication and review. The process is meant to help assess risks to quality in a systematic way and facilitate risk-based decision making. It emphasizes basing decisions on scientific knowledge and linking risks to potential harm for patients.
Practical approach to Risk Based Internal AuditManoj Agarwal
The document provides an overview of risk based internal auditing. It discusses key concepts like the definition of risk, COSO ERM framework, three lines of defense model, definition of internal audit, and risk based internal audit approach. The approach involves identifying the audit universe and processes, risk identification and assessment, risk scoring and heat mapping, developing the risk based internal audit plan, and executing the plan. Various tools for risk based auditing like the audit tracker, audit report templates, and resources are also outlined.
Operational risk management has evolved over time as organizations seek to systematically manage risks. Key concepts include inherent risk, likelihood, exposure, and treatments like transfer, accept, and optimize. Operational risk can arise from organization, processes, technology, human factors, or external events. It is measured using tools like control and risk self-assessments to identify threats, controls, and residual risks. The goal is integrated risk management to both control risks and create shareholder value through efficiency and competitive advantage.
Presented at the MENA-OECD Business Integrity Training, 22-25 April, Kuwait. Organised by the MENA-OECD Investment Programme in cooperation with the IMF-Middle East Center for Economics and Finance
Abstract
Key Features
Assessment
Introduction
Measures
Figure 1. This is the Risk Assessment Matrix Chart on the basis of the overall scenario
(continued)
Discussion
Figure1. The overall scenario of Risk management analysis on basis of survey and guidelines :
Safety of Risk Management
Risk management is an activity which integrates recognition of risk, risk assessment, developing strategies to manage it, and mitigation of risk using managerial resources. Some traditional risk managements are focused on risks stemming from physical or legal causes (e.g. natural disasters or fires, accidents, death).
Financial risk management, on the other hand, focuses on risks that can be managed using traded financial instruments. Objective of risk management is to reduce different risks related to a pre-selected domain to an acceptable. It may refer to numerous types of threats caused by environment, technology, humans,
organizations and politics. The paper describes the different steps in the risk management process which methods are used in the different steps, and provides some examples for risk and safety management.
The risk management steps are:
1. Establishing goals and context ,
2. Identifying risks,
3. Analysing the identified risks,
4. Assessing or evaluating the risks,
5. Treating or managing the risks,
6. Monitoring and reviewing the risks and the risk environment regularly, and
7. Continuously communicating, consulting with stakeholders and reporting.
Some of the risk management tools are described in (IEC 2008) and (Oehmen 2005).
As per discussed about the overall visualisation of safety risk management we can conclude by the stated figure about the outcome of the risk factor in different zone or field of work .
The common concept in all definitions is uncertainty of outcomes. Where they differ is in how they characterize outcomes. Some describe risk as having only adverse consequences, while others are neutral.
One description of risk is the following: risk refers to the uncertainty that surrounds future events and outcomes. It is the expression of the likelihood and impact of an event with the potential to influence the achievement of an organization's objectives.
The phrase "the expression of the likelihood and impact of an event" implies that, as a minimum, some form of quantitative or qualitative analysis is required for making decisions
concerning major risks or threats to the achievement of an organization's objectives. For each risk, two calculations are required: its likelihood or probability; and the extent of the impact or consequences.
Establish goals and context:- The purpose of this stage of planning enables to understand the environment in which the
respective organization operates, that means to thoroughly understand the external environment and the internal culture of the organization.
Identify the risks :- Using the information gained from the context, particularly as cat.
This document outlines the key points from a presentation on anti-corruption compliance given by Iohann Le Frapper. It discusses the basics of anti-corruption standards and definitions, the importance of risk assessment to identify high risk areas, how to conduct due diligence on business partners, and guidance on adequate anti-corruption procedures from the UK Bribery Act.
Risk Based Internal Audit and Sampling TechniquesManoj Agarwal
This document discusses risk based internal auditing and sampling techniques. It begins with an agenda and definitions of risk, risk management, and the three lines of defense model. It then covers topics like risk identification, evaluation, scoring, developing a risk based internal audit plan, criteria for rating observations, and tools used for auditing. Sampling techniques discussed include random selection, systematic selection, monetary unit sampling, haphazard selection and block selection. Guidelines are provided for determining appropriate sample sizes based on the frequency of control activities.
The document discusses various methods for conducting risk assessment, from qualitative to quantitative. It begins by explaining strategic risk assessment and how it is focused on identifying threats to organizational objectives. It then discusses different qualitative methods like risk maps and registers. The document spends significant time exploring different quantitative and temporal methods, including comparative analysis, scenario analysis, decision tree analysis, and modeling and simulation. It emphasizes that risk assessment needs to consider various factors like likelihood, impact, emerging issues, and effectiveness of controls to identify the correct actions for mitigating risks.
The document discusses various tools and methods for hazard and risk management. It describes 12 different tools/methods: self-protective measures, training and reinforcement, communication/incentives, risk definition, risk assessment, risk control hierarchy, proactive vs reactive approaches, CAPA process, product review requirements, hazard identification/assessment/control process, and statistical tools like control charts. For each, it provides an overview and potential applications in risk management.
Review of Enterprise Security Risk ManagementRand W. Hirt
The document discusses enterprise security risk management and provides details on the risk assessment process. It defines risk as the likelihood of an adverse event occurring multiplied by the impact. Risk management aims to identify and mitigate risks to acceptable levels. The risk assessment process involves determining scope, gathering information, assessing risks, recommending controls, and determining residual risk. Controls can reduce risk through preventative, detective or corrective measures. Ongoing monitoring ensures the organization's risk posture remains consistent over time.
The document provides an overview of a risk management toolkit created by management consultants. The toolkit includes frameworks, tools, templates, tutorials, and best practices to help users define their risk management strategy and identify, assess, prioritize, mitigate and monitor risks. It outlines a 7-phase risk management approach. The summary highlights that the toolkit aims to provide a systematic approach to risk management and informed decision making.
The document discusses project risk management. It provides an overview of the risk management process, including the key inputs, tools and techniques, and outputs of each process. Specifically, it describes the processes of risk planning, identification, analysis, and monitoring. It defines risk and outlines the objectives of risk management. It also provides details about developing a risk management plan, identifying risks, performing qualitative analysis using tools like probability/impact matrices, and updating the risk register.
Risk management is important for construction projects. It involves identifying potential risks, assessing their likelihood and consequences, and developing responses to manage risks. The risk management process includes four steps: identifying hazards, assessing risks, controlling risks, and monitoring control measures. It aims to reduce the probability or impact of negative events. Key risks in construction relate to costs, time, and quality going over budget or being delayed. Risk management benefits projects by improving decision making and providing clear understanding of risks.
This document discusses risk management in healthcare settings. It explains that risk management is important in hospitals and clinics to systematically identify and address risks from human error, poor organization, and unclear management that could harm patients, cost money, or cause loss of life. The document then outlines the 7 steps of the typical risk management process: 1) establish context 2) identify risks 3) analyze risks 4) evaluate risks 5) treat risks 6) monitor and review 7) communicate and consult. It provides examples of how different organizations use risk management and how to specifically assess and analyze risks.
The document provides an introduction to the ELK stack, which is a collection of three open source products: Elasticsearch, Logstash, and Kibana. It describes each component, including that Elasticsearch is a search and analytics engine, Logstash is used to collect, parse, and store logs, and Kibana is used to visualize data with charts and graphs. It also provides examples of using each tool and a demo of parsing Apache logs with Logstash and viewing the results in Kibana.
Snort is an open source network intrusion detection and prevention system that monitors network traffic and compares it to a database of attack signatures. It has several components including a packet decoder, preprocessors, a detection engine that applies rules to packets using string matching, and output modules. The detection engine is the most important part. Rules are written in a single line with headers and options to detect attacks. Improving snort involves offloading preprocessing, using hardware to increase throughput, and developing better detection algorithms.
ELK Stack consists of Elasticsearch, Logstash, and Kibana and helps address issues with logs like multiple time formats, unhelpful error messages, lack of rotation or scaling. It provides log collection, transport, parsing, storage, analysis, alerting and visualization capabilities. The ELK Stack aggregates logs, enables powerful search, provides log analytics and statistics aggregation, and allows visualizing data.
Centralizing incident response is important to minimize loss from attacks. Tools that provide visibility into logs, packets, endpoints and threat intelligence are essential for detection and response. They allow security teams to spot anomalous activity, investigate incidents, and respond in a timely manner. RSA NetWitness provides a framework to centralize incident response through security operations centers that capture, enrich and analyze data to improve detection and guide investigations. It enables rapid response through data enrichment and analytics.
Elasticsearch is proposed to improve search performance for Dispatch's message history. An Oracle query took over 7 minutes on 70 million rows while Elasticsearch returned results in under a second. Elasticsearch on AWS would provide elastic resources and automated management compared to self-hosting. The architecture would load daily message metadata batches into indexed partitions in Elasticsearch with daily backups to S3. This could improve the new app's ability to quickly retrieve metadata.
Dokumen tersebut membahas tentang pengertian dasar jaringan komputer, manfaat, jenis, dan penjelasan singkat mengenai Local Area Network, Metropolitan Area Network, dan Wide Area Network.
Risk management involves identifying risks that could affect a project, analyzing the probability and impact of those risks, developing strategies to manage the risks, and monitoring the risks over the course of the project. The document provides examples of common risk types for software projects, how to analyze risks based on probability and impact, strategies for avoiding, minimizing, or mitigating risks, and indicators that can show risks developing over time.
This document outlines the process of IT security risk assessment. It discusses key terminology like assets, threats, vulnerabilities, and risks. It then describes different approaches to security risk assessment like baseline, informal, formal, and combined. The detailed risk analysis process is also explained including steps like asset identification, threat identification, vulnerability identification, risk analysis, likelihood determination, impact analysis, risk determination, and control recommendations. Specific examples are provided to illustrate each step of the risk assessment process.
This document discusses using the Elastic Stack including Elasticsearch, Logstash, and Kibana to collect, parse, analyze, and provide centralized access to WinCC-OA logs. It provides an overview of the tools in the Elastic Stack and how they are used in the installation including Filebeat collecting logs and sending to Logstash for parsing and output to Elasticsearch, and Kibana for visualization. Statistics are presented on the large volume of logs being collected and analyzed.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
Assessment and Planning in Educational technology.pptxKavitha Krishnan
In an education system, it is understood that assessment is only for the students, but on the other hand, the Assessment of teachers is also an important aspect of the education system that ensures teachers are providing high-quality instruction to students. The assessment process can be used to provide feedback and support for professional development, to inform decisions about teacher retention or promotion, or to evaluate teacher effectiveness for accountability purposes.
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Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
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1. 1
The Risk Management
Process
Prepared By: Rusul M. Kanona
Supervised By: Dr. Lo’a i A.Tawalbeh
Arab Academy for Banking & Financial Sciences
(AABFS)
Fall 2007
2. 2
What is the Risk Management
process?
The Risk Management Process consists of
a series of steps that, when undertaken in
sequence, enable continual improvement in
decision-making.
3. 3
Steps of the Risk Management
Process?
Step 1. Communicate and consult.
Step 2. Establish the context.
Step 3. Identify the risks.
Step 4. Analyze the risks.
Step 5. Evaluate the risks.
Step 6. Treat the risks.
Step 7. Monitor and review.
5. 5
Step 1.Communicate and consult
-Communication and
consultation aims to identify
who should be involved in
assessment of risk (including
identification,analysis and
evaluation) and it should
engage those who will be
involved in the treatment,
monitoring and review of risk.
6. 6
-As such, communication and consultation will be
reflected in each step of the process described
here.
-As an initial step, there are two main aspects that
should be identified in order to establish the
requirements for the remainder of the process.
-These are communication and consultation
aimed at:
A- Eliciting risk information
B-Managing stakeholder perceptions for
management of risk.
7. 7
A- Eliciting risk information
-Communication and consultation may occur within
the organization or between the organization
and its stakeholders.
-It is very rare that only one person will hold all the
information needed to identify the risks to a
business or even to an activity or project.
-It therefore important to identify the range of
stakeholders who will assist in making this
information complete.
9. 9
Tips for effective communication and
consultation
• Determine at the outset whether a communication
strategy and/or plan is required
• Determine the best method or media for
communication and consultation
• The significance or complexity of the issue or
activity in question can be used as a guide as
to how much communication and consultation
is required: the more complex and significant to
the organization, the more detailed and
comprehensive the requirement.
10. 10
Step 2. Establish the context
provides a five-step process to
assist with establishing the
context within which risk will
be identified.
1-Establish the internal context
2-Establish the external context
3-Establish the risk management
context
4- Develop risk criteria
5- Define the structure for risk
analysis
11. 11
1- Establish the internal context
-As previously discussed, risk is the chance of
something happening that will impact on
objectives.
As such, the objectives and goals of a business,
project or activity must first be identified to
ensure that all significant risks are understood.
This ensures that risk decisions always support the
broader goals and objectives of the business.
This approach encourages long-term and
strategic thinking.
12. 12
In establishing the internal context, the
business owner may also ask themselves the
following questions:
- Is there an internal culture that needs to be
considered? For example, are staff Resistant to
change? Is there a professional culture that
might create unnecessary risks for the
business?
- What staff groups are present?
- What capabilities does the business have in
terms of people, systems, processes, equipment
and other resources?
13. 13
2. Establish the external context
This step defines the overall environment in
which a business operates and includes an
understanding of the clients’ or customers’
perceptions of the business. An analysis of these
factors will identify the strengths, weaknesses,
opportunities and threats to the business in the
external environment.
14. 14
A business owner may ask the following
questions when determining the external
context:
• What regulations and legislation must the
business comply with?
• Are there any other requirements the business
needs to comply with?
• What is the market within which the business
operates? Who are the competitors?
• Are there any social, cultural or political issues
that need to be considered?
15. 15
Tips for establishing internal and
external contexts
-Determine the significance of the activity in
achieving the organization's goals and
objectives
- Define the operating environment
- Identify internal and external stakeholders and
determine their involvement in the risk
management process.
16. 16
3- Establish the risk management context
- Before beginning a risk identification exercise, it
is important to define the limits, objectives and
scope of the activity or issue under examination.
- For example, in conducting a risk analysis for a
new project, such as the introduction of a new
piece of equipment or a new product line, it is
important to clearly identify the parameters for
this activity to ensure that all significant risks are
identified.
17. 17
Tips for establishing the risk
management context
• Define the objectives of the activity, task or
function
• Identify any legislation, regulations, policies,
standards and operating procedures that need
to be complied with
• Decide on the depth of analysis required and
allocate resources accordingly
• Decide what the output of the process will be,
e.g. a risk assessment, job safety analysis or a
board presentation. The output will determine
the most appropriate structure and type of
documentation.
18. 18
4. Develop risk criteria
Risk criteria allow a business to clearly define
unacceptable levels of risk. Conversely, risk
criteria may include the acceptable level of risk
for a specific activity or event. In this step the
risk criteria may be broadly defined and then
further refined later in the risk management
process.
19. 19
Tips for developing risk criteria
• Decide or define the acceptable level of
risk for each activity
• Determine what is unacceptable
• Clearly identify who is responsible for
accepting risk and at what level.
20. 20
5. Define the structure for risk analysis
Isolate the categories of risk that you want
to manage. This will provide greater depth
and accuracy in identifying significant
risks.
The chosen structure for risk analysis will
depend upon the type of activity or issue,
its complexity and the context of the risks.
21. 21
Step 3. Identify the risks
Risk cannot be managed
unless it is first identified.
Once the context of the
business has been defined,
the next step is to utilize the
information to identify as
many risks as possible.
22. 22
The aim of risk identification is to identify
possible risks that may affect, either negatively
or positively, the objectives of the business and
the activity under analysis. Answering the
following questions identifies the risk:
23. 23
There are two main ways to identify
risk:
1- Identifying retrospective risks
Retrospective risks are those that have
previously occurred, such as incidents or
accidents. Retrospective risk identification is
often the most common way to identify risk, and
the easiest. It’s easier to believe something if it
has happened before. It is also easier to quantify
its impact and to see the damage it has caused.
24. 24
There are many sources of information
about retrospective risk. These include:
• Hazard or incident logs or registers
• Audit reports
• Customer complaints
• Accreditation documents and reports
• Past staff or client surveys
• Newspapers or professional media, such as
journals or websites.
25. 25
2-Identifying prospective risks
Prospective risks are often harder to identify.
These are things that have not yet happened,
but might happen some time in the future.
Identification should include all risks, whether or
not they are currently being managed. The
rationale here is to record all significant risks
and monitor or review the effectiveness of their
control.
26. 26
Methods for identifying prospective
risks include:
• Brainstorming with staff or external stakeholders
• Researching the economic, political, legislative
and operating environment
• Conducting interviews with relevant people
and/or organizations
• Undertaking surveys of staff or clients to identify
anticipated issues or problems
• Flow charting a process
• Reviewing system design or preparing system
analysis techniques.
27. 27
Tips for effective risk identification
Select a risk identification methodology
appropriate to the type of risk and the nature of
the activity
Involve the right people in risk identification
activities
Take a life cycle approach to risk identification
and determine how risks change and evolve
throughout this cycle.
28. 28
Step 4. Analyze the risks
During the risk identification
step, a business owner may
have identified many risks
and it is often not possible
to try to address all those
identified.
The risk analysis step will
assist in determining which
risks have a greater
consequence or impact than
others.
29. 29
What is risk analysis?
Risk analysis involves combining the possible
consequences, or impact, of an event,
with the likelihood of that event occurring. The
result is a ‘level of risk’. That is:
Risk = consequence x likelihood
30. 30
Elements of risk analysis
The elements of risk analysis are as follows:
1. Identify existing strategies and controls that act
to minimize negative risk and enhance
opportunities.
2. Determine the consequences of a negative
impact or an opportunity (these may be
positive or negative).
3. Determine the likelihood of a negative
consequence or an opportunity.
4. Estimate the level of risk by combining
consequence and likelihood.
5. Consider and identify any uncertainties in the
estimates.
31. 31
Types of analysis
Three categories or types of analysis can be used
to determine level of risk:
• Qualitative
• Semi-quantitative
• Quantitative.
- The most common type of risk analysis is the
qualitative method. The type of analysis chosen will
be based upon the area of risk being analyzed.
32. 32
Tips for effective risk analysis
• Risk analysis is usually done in the context of
existing controls – take the time to identify them
• The risk analysis methodology selected should,
where possible, be comparable to the
significance and complexity of the risk being
analyzed, i.e. the higher the potential
consequence the more rigorous the
methodology
• Risk analysis tools are designed to help rank or
priorities risks. To do this they must be designed
for the specific context and the risk dimension
under analysis.
33. 33
Step 5. Evaluate the risks
Risk evaluation involves comparing
the level of risk found during the
analysis process with previously
established risk criteria, and deciding
whether these risks require
treatment.
The result of a risk evaluation is a
prioritized list of risks that require
further action.
This step is about deciding whether
risks are acceptable or need
treatment.
34. 34
Risk acceptance
A risk may be accepted for the following reasons:
• The cost of treatment far exceeds the benefit, so
that acceptance is the only option (applies
particularly to lower ranked risks)
• The level of the risk is so low that specific
treatment is not appropriate with available
resources
• The opportunities presented outweigh the
threats to such a degree that the risks justified
• The risk is such that there is no treatment
available, for example the risk that the business
may suffer storm damage.
35. 35
Step 6. Treat the risks
Risk treatment is about
considering options for treating
risks that were not considered
acceptable or tolerable at Step 5.
Risk treatment involves identifying
options for treating or controlling
risk, in order to either reduce or
eliminate negative consequences,
or to reduce the likelihood of an
adverse occurrence. Risk
treatment should also aim to
enhance positive outcomes.
36. 36
Options for risk treatment:
identifies the following options that may assist in
the minimization of negative risk or an increase
in the impact of positive risk.
1- Avoid the risk
2- Change the likelihood of the occurrence
3- Change the consequences
4- Share the risk
5- Retain the risk
37. 37
Tips for implementing risk treatments
• The key to managing risk is in implementing
effective treatment options
• When implementing the risk treatment plan,
ensure that adequate resources are available,
and define a timeframe, responsibilities and a
method for monitoring progress against the plan
• Physically check that the treatment implemented
reduces the residual risk level
• In order of priority, undertake remedial measures
to reduce the risk.
38. 38
Step 7. Monitor and review
Monitor and review is an
essential and integral step in the
risk management process.
A business owner must monitor
risks and review the
effectiveness of the treatment
plan, strategies and
management system that have
been set up to effectively
manage risk.
39. 39
Risks need to be monitored periodically to
ensure changing circumstances do not alter the
risk priorities. Very few risks will remain static,
therefore the risk management process needs to
be regularly repeated, so that new risks are
captured in the process and effectively
managed.
A risk management plan at a business level
should be reviewed at least on an annual basis.
An effective way to ensure that this occurs is to
combine risk planning or risk review with annual
business planning.