Risk Process
From Open Risk Manual
Definition
Risk Process (also Risk Management Process) is any well defined activity within and organization that aims to identify, measure, or mitigate risks as part of the entity's Risk Framework
Classification
There is a wide range of risk management processes depending on the organization and its risk profile. Some relevant dimensions
- Automated versus manual risk processes
- Carried out internally or with external resources
- Degree of integration into overall business management processes
- Level of internal oversight / audit
- Level of external oversight / audit
