Organizations of all types and sizes face a wide variety of risks that can affect the achievement of their goals. These targets are; It can relate to a variety of activities of the organization, from its strategic initiatives to its operations, processes and projects, and can be reflected in social, environmental, technological, safety and security outcomes, commercial, financial and economic measures, as well as social, cultural, political and reputational impacts.
All activities of the organization involve risks that must be managed. Risk management process; It aids in decision making by considering uncertainty and probability of future events and situations (whether desired or undesirable) and their impact on agreed goals.
Risk management includes the application of logical and systematic methods for:
- Communication and consultation throughout the process,
- Establishing the scope for identifying, analyzing, comparing and improving the risks associated with any activity, process, function or product,
- Monitoring and reviewing risks,
- Proper reporting and recording of results.
Risk assessment; It is part of risk management and provides a structured process to identify how objectives may be affected and analyze risks in terms of their impact and probability before deciding whether further improvement is needed.
Risk assessment seeks answers to the following basic questions:
- What could it be and why (with risk determination)?
- What are the results?
- What is the probability of it occurring in the future?
- Are there factors that minimize the consequences of the risk or reduce the probability of the risk?
- Is the level of risk tolerable or acceptable and is there any need for further improvement ?
This standard is intended to reflect current good practice in the selection and use of risk assessment techniques and does not include new and emerging methods for which professional consensus has not yet been reached.
Since this standard is of a general purpose nature, it can provide guidance to many industries and different types of systems. In these industries, there may be specific standards that provide the tailored method and detailed assessment levels that are preferred for particular applications. These standards will usually suffice if they comply with this standard.
Purpose and benefits of Risk Analysis
The purpose of risk assessment is to provide evidence-based information and analysis to make informed decisions about how to ameliorate certain risks and choose between options. Here are some key benefits of implementing risk assessment:
- Understanding the risks and their potential impact on targets,
- Providing information for decision makers,
- Contributing to the understanding of risks to assist in the selection of remediation alternatives.
- Identifying major contributors to risks and weak elements in systems and organisations.
- Comparing risks in alternative systems, technologies or approaches,
- Communicating risks and uncertainties,
- Helping to set priorities
- Contributing to the prevention of incidents based on post-incident investigations,
- Choosing different risk improvement methods,
- Fulfilling regulatory requirements,
- Provide information to help compare whether risk is accepted or not compared to predefined criteria.
- Evaluate risks to completely eliminate them.
Our company is honored to assist in carrying out the necessary guidance and guidance studies on the ISO 31000 Risk Management System. After the proposal sent by our company is approved, gap analysis and field work related to your company’s processes are carried out. In addition, legislative and regulation scanning is carried out to review the legal compliance. Stakeholder requests are evaluated. The scope of the organization is determined. In line with this scope, process risk analysis is carried out. The current status of your organization is analyzed. It is presented to the company management as a report. A structure suitable for your organization is planned and established. The conformity of the established structure is checked at certain intervals. The process is reviewed in the risk analysis. The situation is reported to the top management. Necessary corrections are made. the organization’s system,