ISO31000: risk management: a practical guide for SMEs

Description

Objectives and governance -- Mandate and commitment -- Designing the framework for managing risk -- Implementing risk management -- Monitoring and review -- Continuous improvement of the framework.;While most SMEs adopt loss prevention and reduction measures, they do not engage in a formal risk management processes, and a vast majority ignores risk treatment. SMEs need support and skills to implement a risk management strategy sequentially, to minimize loss and exposure through identification, analysis, control and treatment of risks while achieving their business objectives. ISO, ITC and UNIDO have joined efforts and produced a handbook that provides in-depth guidance for SMEs looking to improve their risk management practices. Objectives and governance -- Mandate and commitment -- Designing the framework for managing risk -- Implementing risk management -- Monitoring and review -- Continuous improvement of the framework.