Riskomanagement

Riskomanagement is a systematic process by which an organization identifies, analyzes, and responds to risks that could affect its objectives.

Core activities include risk identification (listing threats and opportunities), risk assessment (evaluating likelihood and impact), risk treatment (selecting and implementing controls or responses such as avoidance, reduction, sharing, or acceptance), and ongoing monitoring and review.

Context and standards: The process is guided by frameworks such as ISO 31000 and COSO ERM, which emphasize alignment with purpose, governance, and risk appetite. Organizations establish risk appetite and tolerance levels, develop a risk register, and use risk matrices or quantitative models to rate risks.

Tools and methods: qualitative methods (interviews, checklists), quantitative methods (probabilistic models, scenario analysis), and controls such as policies, procedures, insurance, and technology solutions. Residual risk is the level remaining after treatment.

Applications and outcomes: Riskomanagement supports strategy, project delivery, safety, and resilience. It requires stakeholder engagement, an informed risk culture, and continuous improvement through monitoring, reporting, and lessons learned.