# Risk Management

**Organization:** {{COMPANY_LEGAL_NAME}}
**Document owner:** {{POLICY_OWNER_ROLE}}
**Approved by:** {{APPROVER_NAME}}, {{APPROVER_TITLE}}
**Version:** {{VERSION}} · **Effective:** {{EFFECTIVE_DATE}} · **Next review:** {{REVIEW_DATE}}
**Classification:** Internal

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## 1. Purpose

This policy gives {{COMPANY_LEGAL_NAME}} a simple, repeatable way to find, rank, and act on the risks that matter, with particular attention to protecting {{DATA_TYPES}} held in {{CRITICAL_SYSTEMS}} and to obligations across {{GEO_SCOPE}}. The goal is a living picture of risk that stays lightweight enough to actually maintain.

## 2. Scope

This policy covers strategic, operational, technical, vendor, legal, and financial risks that could affect the organization. It applies to the {{LOCATION}} workforce and to any {{DEVICE_TYPES}} or workloads that connect to {{CRITICAL_SYSTEMS}}.

## 3. Policy statements

### 3.1 Risk register

We keep a single, current risk register. Each entry names the risk and records its impact, likelihood, owner, chosen treatment, and status. The register is never left empty.

### 3.2 Keeping the register current

We add or revise entries when launching a new service, taking on a vendor, changing {{CRITICAL_SYSTEMS}}, or learning of a relevant threat. Risks to {{DATA_TYPES}} and any cross-border considerations in {{GEO_SCOPE}} are captured explicitly.

### 3.3 Scoring and prioritization

Impact and likelihood are each scored on a simple one-to-five scale. Every quarter we surface the three highest-scoring risks for attention and record the reasoning behind any change in score.

### 3.4 Risk treatment

For each prioritized risk we choose to mitigate, transfer, avoid, or accept. Any choice other than acceptance produces at least one owned task with a due date. Accepted risks are recorded with the date and the approving manager.

### 3.5 Threat intelligence

We follow reputable, freely available advisories (such as national cyber agencies and the vendors behind {{CRITICAL_SYSTEMS}}) and share relevant items internally. Where available, we fold in bulletins specific to {{INDUSTRY}} and open new risks or actions when warranted.

### 3.6 Measuring the program

The program is working when the register exists, the top three risks are flagged, and no mitigation task is more than 30 days overdue. Larger teams (over {{EMPLOYEE_COUNT}} people) widen quarterly sampling to cover more of {{CRITICAL_SYSTEMS}} and {{DATA_TYPES}}.

### 3.7 Continual improvement

Closed or obsolete risks are pruned during the quarterly review so the list stays useful, and scoring guidance is adjusted after incidents or material changes to {{CRITICAL_SYSTEMS}} or to obligations affecting {{GEO_SCOPE}}.

## 4. Roles and responsibilities

| Role | Responsibility |
|---|---|
| Executive sponsor | Accountable for the program; approves this policy |
| {{POLICY_OWNER_ROLE}} | Maintains this policy and the risk register |
| Managers | Own assigned risks and drive treatment within their teams |
| All personnel | Report new or changed risks promptly |

## 5. Compliance and exceptions

A register that is empty or stale (older than 90 days) is raised at the next management meeting until resolved. Accepting any high-impact risk requires documented senior-management approval that names the residual risk to {{DATA_TYPES}}. Exceptions require documented risk acceptance by {{APPROVER_TITLE}} and are time-limited and reviewed.

## 6. Review

This policy is reviewed at least annually and when significant change occurs.

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*Aligned to ISO/IEC 27001:2022. {{COMPANY_LEGAL_NAME}} is not affiliated with or endorsed by the relevant standards body; full standard text is copyrighted and is not reproduced here.*