It is natural that any organization does not want to encounter negative conditions while carrying out its activities. However, it is necessary to be prepared for this. Risk assessment and risk management are the activities that an organization needs to do to avoid possible risks. These studies are called risk assessment techniques in theory. The standards of these studies are ISO 31000 Enterprise Risk Management System is located in. Such a work will spread the risk management approach to all units of the firm and ensure that risk policies and procedures are available throughout the firm. The greatest benefit of the Enterprise Risk Management System to the company is that it is known in advance when and how the risk will be managed.

Enterprise Risk Management System Thanks to this, an organization determines the events that will create risks in advance, calculates the losses to be incurred in case of such risks, determines the precautions to be taken in order to prevent the risks, predicts the acceptable values ​​for the risks that can never be prevented and knows what should be done in case of risk.

As a result of all these studies, risk management processes and implementation instructions were prepared, appropriate sources were identified to prevent risk or eliminate the effects when the risk occurred, how to manage the risk was explained to all employees, duties and responsibilities were assigned and mission definitions were updated in this direction and risk assessment reporting and review including risk measurement and effects systems are established.

Risk assessment In order to be successful in their work, communication and exchange of ideas within the company must be in good condition. Because, risk assessment is important for the decisions to be taken in this direction as it provides understanding of risks, consequences and possibilities of occurrence. In addition, once the risks are identified and the measures are identified, that is, the Enterprise Risk Management System is implemented, the monitoring and evaluation of possible risks should never be interrupted. This is important both to reveal new risks and to determine whether the assumptions established for the foreseen risks are still valid.

For more information about the benefits of ISO 31000 Enterprise Risk Management System for an organization, you can contact the experienced managers and employees of TURCERT certification body.