Login     Sign Up     |      Home      Regions      Verify a Certification     EBA Portal    

Initial Actions toward ISO 31000 success


Building off the theme of “Keys to Success,” above, we need to plan the initial actions, and steps to support the development of a tailored ERM initiative. The plan reflects some simple, basic steps for implementing ERM, including the key step of performing an initial risk assessment.

  • Step 1: Seek Board of Directors (BOD) and Senior Management leadership, Involvement and Oversight
  • Step 2: Select a Strong Leader to Drive the ERM Initiative
  • Step 3: Establish a Management Risk Committee or Working Group
  • Step 4: Conduct the Initial Enterprise-wide Risk Assessment & Develop an Action Plan
  • Step 5: Inventory the Existing Risk Management Practices
  • Step 6: Develop Your Initial Risk Reporting
  • Step 7: Develop the Next Phase of Action Plans & Ongoing Communications