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Risk Management
Risk management identifies and evaluates risks, chooses responses, and monitors and communicates the results over time.
Risk management is a continuing process of identifying, analyzing and evaluating risks, choosing responses, and monitoring and communicating the results. It supports decisions about uncertainty across an organization.
For property operations, this framework can organize how a team recognizes an exposure, assigns responsibility for its response and checks whether conditions have changed. It is a management process rather than a promise that every risk can be removed.
Frequently Asked Questions
Is risk management complete after one assessment?
No. The public ISO overview includes ongoing monitoring, review and communication. An assessment is part of the process, rather than the entire process.
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