2. Defining the organizational framework
In ISO 31000, the organizational framework for risk management is designed to enable the organization to apply the guiding principles set out above.
The organizational framework encompasses the leadership, integration, design, implementation, evaluation and improvement of risk management within the organization.
2.1 Leadership and commitment
As with any organization-wide approach, management commitment is essential if the approach is to be adopted at all levels of the organization. The risk management policy and objectives need to be defined and communicated, while ensuring that they are in line with the organization's overall strategic objectives.
In addition, management defines responsibilities at all levels,...
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Defining the organizational framework
Risk management process
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