Privacy & security

Developing A Formal Risk Management Program

Chris McClean
Vice President, Research Director
February 28, 2011

Of all the client inquiries and advisories we get related to risk management, one of the most frequent topics of discussion continues to be the role of risk management. Who should be involved? How? What should our objectives be? How should we measure success?

I cover these and related topics in my Risk Manager's Handbook series, which presents best practice examples and recommendations following the core process elements found in the ISO 31000 standard. My first two reports in this series are The Risk Manager's Handbook: How To Explain The Role Of Risk Management and The Risk Manager's Handbook: How To Identify And Describe Risks.

In an upcoming Security & Risk Council member meeting in London, I plan to take members through each of the five steps of ISO 31000 in an interactive workshop. We will discuss how to build repeatable and consistent processes, demonstrate that process to stakeholders, improve strategy and planning, and show support for relevant corporate functions and business units. If you’re interested in discussing this idea with me and other members of the Security & Risk Council, please consider joining us on March 16 in London. In order to qualify to attend, you must be a senior-level security and/or risk management executive in a $1B+ organization.  Please click here for more details on the S&R Council or on the member meeting itself.

For those of you that cannot attend, I welcome any comments or questions you have on this topic. Also, I am currently writing my next report in the series, which will cover methods and best practices in analyzing risks. Keep an eye out for this report in April, and feel free to contact me if you are interested in contributing your perspectives and experiences.

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