Risk Management (ISO 31000)

  • RISK MANAGEMENT (ISO 31000:2018)

    Engaging employees, customers, and partners in a seamless engagement platform for risk optimisation

  • Connecting employees at all levels

    LIVE feedback and feed-forward process for risk management and compliance.

  • Risk Management

    Responsive and Agile: LIVE Risk Identification and Management Platform

41 Critical Success Factors for Risk Management (ISO 31000:2018)

  • Risk Management Principles

    • Customised
    • Inclusive
    • Structured and Comprehensive
    • Integrated
    • Dynamic
    • Best Available Information
    • Human and Cultural Factors
    • Continual Improvement
  • Risk Management Process

    • Communication and Consultation
    • Scope, Context, and Criteria
    • Risk Assessment (Identification, Analysis, Reporting)
    • Risk Treatment
    • Risk Monitoring and Review, and
    • Risk Recording and Reporting
  • Risk Management Framework

    • Leadership and Commitment
    • Integration
    • Design
    • Implementation
    • Evaluation
    • Improvement
    • Committee Structure and Terms of Reference
    • Roles and Responsibilities
    • Internal Reporting Requirements
    • External Reporting Controls
    • Risk Management Assurance
    • Risk Management Philosophy
    • Embedding Risk Management
    • Risk Appetite and Attitude to Risk
    • Benchmark Tests for Significance
    • Specific Risk Statements and Policies
    • Risk Assessment Techniques
    • Risk Priorities
    • Tools and Techniques
    • Risk Classification System
    • Risk Assessment Procedures
    • Risk Control Rules and Procedures
    • Responding to Incidents, Issues, and Events
    • Risk Documentation and Record-keeping
    • Training and Communications
    • Risk Audit Procedures and Protocols, and
    • Risk Reporting and Disclosures

Risks affecting organizations can have consequences in terms of economic performance and professional reputation, as well as environmental, safety and societal outcomes. Therefore, managing risk effectively helps organizations to perform well in an environment full of uncertainty. Performax provides a LIVE employee engagement and feedback platform through which key areas of the ISO 31000:2018 Risk Management framework may be continually assessed and monitored. ISO 31000:2018, Risk management – Guidelines, provides principles, framework and a process for managing risk. It can be used by any organization regardless of its size, activity or sector. Using ISO 31000 can help organizations increase the likelihood of achieving objectives, improve the identification of opportunities and threats and effectively allocate and use resources for risk treatment. However, ISO 31000 cannot be used for certification purposes, but does provide guidance for internal or external audit programmes. Organizations using it can compare their risk management practices with an internationally recognised benchmark, providing sound principles for effective management and corporate governance.

The ISO 31000:2018 Risk Management Assessment Module within Performax is designed to help organisations ensure continuous compliance to the standard, based on LIVE employee feedback on the key components of the standard. In addition, it presents advanced analytics and collaborative action planning capabilities. There is a 30-day free trial (max. 10 users) available for new customers.

The assessment module can be customised and implemented within 2-3 hours. The initial round of feedback from stakeholders may take 1-2 weeks. Reports are generated in real-time. So, within 2-4 weeks, you’ll be able to ‘sense and respond’ to risk management issues, and take action on innovative improvement ideas.

Risk management is a critical aspect of sustaining organizational growth and profitability in a manner that is responsible and prudent. Performax engages key internal and external stakeholders in an agile risk management process that captures critical risk intelligence for management teams in near real-time.

Carrying out the Risk Management (ISO 31000:2018) assessment through Performax allows you to engage key internal employees and external stakeholders (customers, partners, etc.) in a LIVE feedback and feed-forward process. Gain multi-stakeholder insights on the 41 critical success factors, derived from the ISO 31000:2018 standard, relevant to your Risk Management program.

With Performax, organizations can engage employees, partners, suppliers, and customer focus groups in evaluating its effectiveness, strengths and weaknesses, and capturing ‘ideas for action’ for Risk Management. Using ISO 31000:2018 helps ensure that products and services are produced in a way that follows the highest standards of employee health and safety, which in turn brings many business benefits.

Performax provides a LIVE employee feedback and engagement platform for Risk Management (ISO 31000:2018).

Let’s have a chat!