ISO 31000 Risk Management Audit Checklist | FREE PDF

ISO 31000 Risk Management Checklist

About the ISO 31000 Risk Management Checklist

ISO 31000 is a risk management standard that provides guidance and tools to help organizations identify, manage and communicate risk. It helps prioritize risks, optimize resources and ensure that risk strategies are aligned with organizational objectives. ISO 31000 risk management template provides a framework to carry out a gap analysis of an organization’s risk management processes.

Ensure the best practices in risk management for your organisation

The ISO 31000 Risk Management Checklist is a comprehensive list of the steps and processes, designed to ensure that organizations are following the required steps and criteria for effective risk management.

The benefits of using the ISO 31000 Risk Management Checklist include improved risk management, increased transparency and accountability, and a clear understanding of the risk management process. It can help organizations identify areas of improvement, reduce potential losses, and increase the potential for profits.

The ISO 31000 Gap Analysis is based on the International Standard for Risk Management, ISO 31000:2018. The ISO 31000:2018 Standard provides a set of principles and a process for managing risk. The ISO 31000 Risk Management Checklist includes those principles that organizations can use to ensure they are following best practices in risk management.

The ISO 31000 Risk Management Checklist includes items such as:

Define the risk management context
Identify the risks

Assess the risks

Manage the risks

Monitor and review the risks

Thus, the ISO 31000 Gap Analysis Checklist is designed to help organizations identify and manage risks in a systematic and comprehensive way.

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Preview of the template

Framework for Risk Management

Create a framework for risk management

Ask stakeholders to support the creation of frameworks.

Ask top management to support the creation of frameworks.

Evaluate existing risk management practices and processes.

Identify gaps in risk management practices and processes.

Create frameworks that address gaps in existing practices and processes.

Consider how to build risk management into all decision-making activities.

Consider how you will develop risk management frameworks.

Create frameworks that meet the unique needs of your organization.

Consider how you will close gaps in your existing practices and processes.

Consider how you will make risk management a part of your organization.

Consider how you will improve the risk management framework.

Consider how you will shape the risk management framework.

Consider how you will integrate risk management into all key functions.

Think about how you build risk management into all administrative functions.

Consider how you will integrate risk management into all key activities of your organization.

Consider how you implement the risk management framework.

Consider how you will evaluate the risk management framework.

Commit executives & top management to risk management

Executives

Ask executives to commit to risk management.

Ask them to align risk management with voluntary commitments.

Ask them to align risk management with the culture of the organization.

Ask them to support the risk management framework.

Ask them to align risk management with organizational goals.

Ask them to align risk management with the organization's strategy.

Ask them to be accountable for monitoring risk management.

Ask them to ensure that risk management is integrated into all activities.

Ask them to align risk management with organizational commitments.

Ask them to ensure that risks are communicated throughout the organization.

Ask them to ensure that employees are trained in risk management methods.

Ask them to communicate the value of risk management.

Ask them to communicate the value of risk management to stakeholders.

Ask them to ensure that risks are understood throughout the organization.

Ask them to communicate the value of risk management to the business.

Ask them to ensure that risk management systems are implemented.

Ask them to ensure that risk management systems are operating effectively.

Ask them to ensure that risk is properly managed in achieving objectives.

Ask them to ensure that risk is properly assessed when setting targets.

Top Management

Ask top management to commit to risk management.

Ask top management to align risk management with the organization's objectives.

Ask top management to align risk management with the organization's strategy.

Ask them to align risk management with organizational commitments.

Ask them to align risk management with the organization's culture.

Create a Sense of Responsibility for Risk Management among Staff

Ask everyone in your company to be responsible for managing risk.

Make risk management a fundamental part of your company's culture.

Ask your governance staff to be responsible for managing risk.

Ask them to be accountable for making it part of the company's strategy.

Ask them to be accountable for making risk management a part of governance.

Ask them to be accountable for making it part of the company's direction.

Ask them to make management responsible for performing risk management.

Ask them to be accountable for making it part of the company's purpose.

Ask them to be accountable for making risk management part of management.

Ask your management staff to be responsible for managing risk.

Ask them to make risk management part of the business's operations.

Ask them to make risk management part of the business's objectives.

Ask them to make risk management part of the company's roles.

Ask them to make risk management part of the company's practices.

Ask them to be accountable for making risk management part of management.

Ask them to make risk management a section of the organisation's policies.

Ask them to make risk management part of the company's processes.

Ask them to make risk management part of the company's rules.

Ask your rank-and-file staff to be accountable for managing risk.

Ensure that your organisation's methods are agreeable with its culture.

Use iterative ways to build risk management into your business.

Ensure that your iterative methods meet your organisation's requirements.

Design your organisation's unique risk management framework

Think about your context when you develop your framework

Review and understand your company’s external context.

Think about your organisation’s context as you design your framework.

Think about external impacts during framework design.

Review and understand external stakeholder expectations.

Review and understand external stakeholder relationships.

Think about external stakeholders throughout the framework design.

Review and understand external stakeholder values.

Review and understand external stakeholder opinions.

Review and understand external stakeholder requirements.

Confirmation

Further comments and observations:

Time frame

Full name and signature:

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This template, developed by Lumiform employees, serves as a starting point for businesses using the Lumiform platform and is intended as a hypothetical example only. It does not replace professional advice. Companies should consult qualified professionals to assess the suitability and legality of using this template in their specific workplace or jurisdiction. Lumiform is not liable for any errors or omissions in this template or for any actions taken based on its content.