IL7 Risk Management Summary and Sources

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Risk Assessments performed by IL7 will result in business outcomes based on contextualised risk and proportionate controls. They will address the importance of time in reaching their conclusions – context and time are vital to getting the right outcomes, producing the solutions that can then be monitored. 

 

They will understand the business reasoning – they will realise that risk evaluation is merely a cost benefit assessment and controls must show a return on investment. IL7 intend to improve the risk management delivered by IS1/2 by building on these standards within a framework that is relevant in other organisations and fits the ISO 31000 model.

 

To see a list of IL7 Sources for this series on Risk download the PDF.