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Risk Management Standards

RiskEasy® is based on a simple proven approach to risk reduction, supporting the ISO 31000 risk management standard, and other standards such as ISO 27001, ISO 14000 and COSO.  ISO 31000 is a generic standards that helps you manage risks of any type.

Incom software will assist you in meeting the risk management aspects of many other standards.

International Standards

Risk Management ISO 31000

Information Security ISO 27000

Sustainability ISO 26000 or ISO 26000

Environment ISO 14000


There is a very good explanation of risk management on the Wikipedia web site. 

Following are some interesting discussions on Risk Management.  Hopefully, they will not confuse.

The Language of Enterprise Risk Management: A Practical Glossary and Discussion of Relevant Terms, Concepts, Models, and Measures

Implementing Enterprise Risk Management: Getting the Fundamentals Right

Economist Intelligence Unit ViewsWire: Country and Business Risk



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Disclaimer - Links to Other Websites
Incom provides links to web sites operated by other parties as a convenience to you, and the inclusion of any such link does not imply any endorsement of any linked website or any information, products or services contained therein.  Incom does not accept any liability, whether direct or indirect, arising from any person relying, whether wholly or partially, upon any information obtained from any linked web site.


Risk Matrix Options

Before you begin to use RiskEasy® you should decide which type of risk matrix you wish to use.  The 5x5 matrix is  the most popular..

The choice is yours, but it should be made before you enter any risks.  The rating setup is system wide and will affect all users of the system if you have a multi-user system.  A short description of each matrix follows.


5x5 Risk Matrix (or up to 9x9)

The default setup uses a 5 by 5 risk matrix (likelihood and consequence).

 

System administrators are able to adjust the levels at which risk ratings start, so you can have more or less cells that are high or extreme risks.


To show you how flexible the risk matrix is, here are three versions of the Enterprise Risk Manager™ translated into foreign languages.

Portuguese

Spanish

Chinese


Customize

The matrix is only one reporting tool at you disposal when you use RiskEasy®.

Not only can you vary the matrix dimensions, but you can rename each and every tag - and select your own colors.