A comprehensive framework for identifying, assessing, and managing risks across an organization to achieve strategic objectives.

Adherence to laws, regulations, and guidelines relevant to an organization's operations, crucial for avoiding legal penalties.

The shared values, beliefs, and behaviors that shape how risks are managed within an organization, fostering a proactive approach to risk.

The process of ensuring that risk management strategies are integrated with the organization's overall business objectives.

The exchange of information about risk between stakeholders to foster understanding and facilitate informed decision-making.

The systematic process of evaluating potential risks that may be involved in a projected activity or undertaking.

Strategies and actions taken to reduce the likelihood or impact of identified risks.

The degree of variability in outcomes that an organization is willing to withstand in pursuit of its objectives.

Metrics used to provide an early signal of increasing risk exposure in various areas of an organization.

The amount and type of risk that an organization is prepared to pursue or retain.

Processes and procedures put in place to ensure the integrity of financial and accounting information.

A tool used to document risks, their assessment, and the actions taken to manage them.

The process of involving individuals or groups who may be affected by or have an effect on an organization's objectives.

A tool to ensure that all regulatory requirements are being met and that compliance is maintained.

A structured approach to align risk management with the organization's strategy and objectives.

The process of determining what risks may affect the project or organization and documenting their characteristics.

Plans developed to address identified risks, including avoidance, transfer, mitigation, or acceptance.

Strategies to address risks arising from cultural differences in multinational operations.

The continuous process of tracking identified risks, monitoring residual risks, and identifying new risks.

The process of comparing estimated risks against risk criteria to determine the significance of the risk.

The process of communicating risk information to stakeholders, ensuring transparency and informed decision-making.

Approaches that integrate environmental, social, and governance factors into risk management processes.

A formal statement of the organization's approach to risk management, outlining roles and responsibilities.

The system of laws, regulations, and guidelines that govern how organizations must operate.

Technological tools designed to assist organizations in identifying, assessing, and managing risks.