This free webinar provides an overview of risk assessment with a focus on risk evaluation and risk mitigation using the ISO 31000 framework. This session will provide practical insight into prioritizing risks and selecting appropriate mitigation strategies based on the ISO 31000  risk management principles. It builds on the concepts discussed in the first two webinars in the series: Introduction to Risk Management and Understanding Risk Assessment: Identification and Analysis.

Key Takeaways

• Understand the Process of Risk Management
• Understand Risk Evaluation, including risk responses and addressing opportunities
• Understand Risk Mitigation tools & techniques

Who Should Watch?

• Quality, compliance, and risk management professionals
• Managers and supervisors involved in planning, decision-making, or process improvement
• Internal auditors and audit program managers
• Individuals responsible for identifying, analyzing, or managing organizational risks
• Anyone seeking a better understanding of risk assessment based on ISO 31000

Audience Questions

At the end of the webinar, questions were asked by the webinar’s attendees. These included:

• Can a management of change program be a possible source of risk identification?
• Could you provide an example where an organization decides which combination of techniques and tools should be used for risk identification?
• Would you consider adding to occurrence as a factor in risk ranking?
• Will ANAB require us to have a dedicated system or team to manage risk?
• In some labs in developing countries, there are competing priorities for addressing high risk. What is your advice for balancing available funds versus urgent, high risks? Secondly, per best practice, is there a duration for reassessing risks?
• Since risk assessment is subjective, what is the ideal number of people to include in an assessment? Theoretically, involving too many people introduces the risk of the assessment becoming counterproductive.
• Do you have any tips for linking risk management and non-conformity management?

Presenter