Risk Management

It is widely acknowledged that managing risks is essential to a company’s success. Risk management studies grew in popularity after World War II. Initially, pure risk management was applied to assess financial risks, followed by the development of technological risk management models. Today, the focus is on enterprise risk management.

Technological development in particular can introduce many risks to companies and individuals. Furthermore, globalisation is an important risk factor. In today’s increasingly interconnected world, a company’s mistakes in one location can quickly become known around the world. This can have significant repercussions for the brand.

Many international standards have been published in relation to risk, such as ISO 14001 (Environmental Management) and ISO 27001 (Information Security Management). In September 2015, ISO 9001 (Quality Management System) was published and includes risk-based thinking.

Specifically related to risk management, ISO 31000 (Principles and Guidelines on Implementation) and ISO 31010 (Risk Assessment Techniques) are basic standards that help organisations to implement risk management systematically and effectively.

Depending on client needs and requests, we can employ a variety of methods to assess, implement and improve risk management systems. Sometimes, we apply a risk management methodology for one standard; in other situations, it is more appropriate to apply more than one. When establishing an integrated management system, we consider the entire enterprise’s risk management process. We work in line with the aforementioned standards, including the latest amendments.