Risk Management Templates

Identifying and managing risk is a part of business. We work hard to develop products that assist clients with removing the Fear, Uncertainty & Doubt (FUD) factor that clouds many cybersecurity risk management decisions. These products are editable Microsoft Word & Excel templates, so if you can use Microsoft Office products, then you can use these risk management solutions! 

When you "peel back the onion" and prepare for an audit/assessment, there is a need to address "the how" for certain topics, such as risk management. While policies and standards are designed to describe WHY something is required and WHAT needs to be done, many companies fail to create documentation to address HOW the policies and standards are actually implemented. We did the heavy lifting and created several program-level documents to address this need and the Risk Management Program (RMP) is one of those products that can help demonstrate HOW risk management is structured at your organization.

Documentation To Define Risk Management Practices

One of the most common weaknesses that businesses of all sizes face is the lack of clear, coherent risk management practices. Yes, companies generate risk assessments and Data Protection Impact Assessments (DPIAs) all the time. However, most companies lack the underlying documentation the helps define simple concepts, such as acceptable risk or who can actually accept risk within the organization. These are fatal flaws in most risk management practices. 

The good news is our risk management bundles are designed to help organizations both document their risk management practices, as well as provide the tools to carry out actual risk assessments in a repeatable and professional manner. The end result is optimal risk taking.

Policies, Standards, Function-Specific Guidance & Procedures - Understanding How We Help Manage Risk

The following diagram helps demonstrate the layered nature of cybersecurity documentation. Policies & standards set the stage for teams/departments to create and implement programs that are function-specific. For example:

• A policy on risk will define management's intent to manage risk;
• One of the standards supporting the risk policy might require an annual risk assessment;
• Products such as the Risk Management Program (RMP) provide the middle-ground between the policy/standard and the actual deliverable risk assessment to provide risk-specific guidance on concepts such as acceptable risk, the methodology of risk management the organization aligns to, who within the organization can sign off on various levels of risk, etc. 

If you would like to know more about how this works to help manage risk, please contact us and we'd be happy to further explain how our documentation links together to create comprehensive, linked cybersecurity and privacy documentation.

 

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