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  2. Risk management - Wikipedia

    en.wikipedia.org/wiki/Risk_management

    Together with risk assessment and risk management, risk communication aims to reduce foodborne illnesses. Food safety risk communication is an obligatory activity for food safety authorities [73] in countries, which adopted the Agreement on the Application of Sanitary and Phytosanitary Measures. Risk communication also exists on a smaller scale.

  3. Enterprise risk management - Wikipedia

    en.wikipedia.org/wiki/Enterprise_risk_management

    Objective Setting; Event Identification; Risk Assessment; Risk Response; Control Activities; Information and Communication; Monitoring; The four objectives categories - additional components highlighted - are: Strategy - high-level goals, aligned with and supporting the organization's mission; Operations - effective and efficient use of resources

  4. Risk assessment - Wikipedia

    en.wikipedia.org/wiki/Risk_assessment

    Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. [1] [2] The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences. [1] [3]

  5. Action plan - Wikipedia

    en.wikipedia.org/wiki/Action_plan

    A goal is the primary objective of an action plan. Setting goals gives the possibility of your dreams and prospects being brought to life. It creates motivation and provides you with a certainty that the final outcome will be worthwhile, preventing any wasted time and effort.

  6. ISO 31000 - Wikipedia

    en.wikipedia.org/wiki/ISO_31000

    ISO 31000 is a set of international standards for risk management.It was developed in November 2009 by International Organization for Standardization. [1] The goal of these standards is to provide a consistent vocabulary and methodology for assessing and managing risk, resolving the historic ambiguities and differences in the ways risk are described.

  7. Management by objectives - Wikipedia

    en.wikipedia.org/wiki/Management_by_objectives

    Management by objectives at its core is the process of employers/supervisors attempting to manage their subordinates by introducing a set of specific goals that both the employee and the company strive to achieve in the near future, and working to meet those goals accordingly. [1] Five steps: Review organizational goal; Set worker objective

  8. Risk appetite - Wikipedia

    en.wikipedia.org/wiki/Risk_appetite

    Risk appetite is the level of risk that an organization is prepared to accept in pursuit of its objectives, [1] before action is deemed necessary to reduce the risk. It represents a balance between the potential benefits of innovation and the threats that change inevitably brings.

  9. Control self-assessment - Wikipedia

    en.wikipedia.org/wiki/Control_self-assessment

    Control self-assessment creates a clear line of accountability for controls, reduces the risk of fraud (by examining data that may flag unusual patterns of transactions) and results in an organisation with a lower risk profile. [4] [5] A number of other soft benefits have been claimed for organisations performing control self-assessment.