ISO 31000 Risk Treatment: Complete Guide to Selecting Risk Responses
ISO 31000 risk treatment defines how organizations select, design, implement and monitor actions to modify risks and support strategic objectives.
Key Takeaways
- ✓Risk treatment converts analysis into action.
- ✓Organizations do not need to eliminate every risk.
- ✓Responses must align with risk appetite.
- ✓Residual risk requires continuous monitoring.
- ✓Treatment supports strategic decision-making.
ISO 31000 Risk Treatment: Complete Guide
Executive Summary
Risk treatment is one of the fundamental stages of the ISO 31000 risk management process.
After risks have been identified, analyzed and evaluated, organizations must determine what actions should be taken to modify the current level of risk.
ISO 31000 explains that risk treatment is not only about eliminating threats. It includes accepting appropriate risks, sharing risks with external parties, reducing likelihood or impact, and exploiting opportunities created by uncertainty.
Effective risk treatment connects:
- strategic objectives;
- risk appetite;
- operational capabilities;
- existing controls;
- available resources;
- continuous monitoring.
What is Risk Treatment According to ISO 31000?
Risk treatment is the process of selecting and implementing options to modify risk.
The objective is to change one or more characteristics of risk:
| Modified Element | Example |
|---|---|
| Likelihood | Implement preventive controls |
Related topics
Frequently asked questions
What is risk treatment in ISO 31000?
It is the process of selecting and implementing options to modify risk.
What are the main ISO 31000 treatment options?
Avoid, reduce, share, accept and exploit opportunities.
Does risk treatment always eliminate risk?
No. It can reduce, transfer or accept risk depending on organizational context.
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