The document discusses organizational context in risk management. It explains that understanding an organization's context includes considering its strategy, philosophy, and goals. An organization must also consider how well it is achieving the right outcomes in the right way. Other important contextual factors include potential threats, vulnerabilities, market trends, new regulations, and legacy issues. The total cost of implementing risk management services depends on the organization's size, criticality of information, technology used, and regulatory requirements. The document provides templates to help organizations assess needs and processes.

1. QMS & Governance
The Context of Risk Management
Dr. Rachel Levitch
https://rachellevitch.com
levitch093@gmail.com
+1-203-302-9384
Updated: 07/16/2019

2. Systems Include:
• Financial
• Occupational Health & Safety
• Environmental
• Quality
• Security
• Information Security
• Social Accountability
Updated: 07/16/2019

3. • What is the context of which the organization operates?
• What is the overall strategy of the business?
• What is the philosophy?
• What is the organization looking for?
Updated: 07/16/2019

4. Organizational Context in Results:
• Are We Doing the Right Things?
• Are We Doing Them the Right Way?
• Are We Getting Them Done Well?
• Are We Getting the Benefits?
Updated: 07/16/2019

5. Organizational Context Continued:
• Intent & Capability of Threats
• Assets
• Relationships of Vulnerabilities
• Vulnerability to Changes in Economics or Political
Conditions
• Changes in Market Trends & Patterns
• Impact of New Legislation
• Existence of Potential Nature Disaster
• Constraints Caused by Legacy Systems & Antiquated
Technology
• Strained Labor Relations & Inflexible Management
Updated: 07/16/2019

6. Total Cost of Services
Implementation Will Depend On:
• the size of your organization
• the level of criticality of information
• the technology the organization is using
• the legislation requirements
When you know the results of risk assessment, you will have to consider the following
costs
Updated: 07/16/2019

7. What’s Next?
Consulting Services offer four templates to focus and drive responses we’re looking for:
 Organization’s Specific Needs and Processes
 QMS Objectives
 Interested Parties Worksheet
 Sequence and Interaction of Key QMS Processes
Updated: 07/16/2019

8. Quality Management Systems and Governance
Context of Risk Management
Dr. Rachel Levitch
https://rachellevitch.com
levitch093@gmail.com
+1-203-302-9384
Updated: 07/16/2019