Download free excel template for Risk Register of ISO Standards Risk Management. This template is useful for enterprise risk managers, internal auditors, auditors, audit managers, audit team leaders and business leaders. This is a free to download and easy to use template.
ISO stands for International organization for Standardization. This body formulates various standards and guidelines for processes. It comprises of members of stardards setting body from member countries. ISO Certifications are very crucial for organizations and businesses to stand out in the competition. ISO 31000 talks about risk management. Similarly, there are various standards released by ISO which helps in efficient and effective process management.
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About ISO Risk Register Excel Template
If we talk about ISO Certifcation and risk management with respect to the standard process, it involves identification, assessment and implementation of risk response plan for risks and threats associated with an organization’s practises. This excel template for risk register has adequate columns and fields to capture all the relevant information that can impact ISO certified practices in an organization.
You can update the following information in this risk register excel template for ISO Risk management;
- Risk ID to keep track on the number of risks identified.
- Risk description helps to update the brief summary of the risk so that anyone can understand the underlying risk statement for any business processes and activities.
- Source is useful to identify the primary contributing factors for the risk.
- Impact description captures what will happen if risk is not mitigated or eliminated ?
- Recurance helps to understand if the risk is ongoing or one time. Also, depending upon the geography, industry nature, company size – this will vary for any type of risk.
- Impact Level, Probability Level and Priority Level measures the High to Low parameters of the risk in the internal audits of an organization, also helps to assign probability of occurance and priority of the risk description.
- Control measures that already exist in the process of the corporate or business that can address the risk.
- Owners are risk champions who are responsible for mitigation strategy.
- Target closing date is a date defined by Internal Audit team and management group for closure of risk mitigation.
You can add more fields and columns in this template. This template helps you in getting started.
Importance of Risk Management in ISO
Now, let us understand the importance of Risk management in ISO Certification journey and beyond. It is very important for ISO for various reasons;
- It helps orgaizations to stay compliant with ISO Standards.
- There is improvement in the decision making process.
- Enhanced organizational resilience towards various scenarios in the business and environment (internal and external).
- Cost savings can be evaluated with proper compliance to ISO standards.
- Stakeholder confidence is enhanced due to proactive management of processes.
- There is always competitive advantage with ISO certification and adequate risk management practises.
Download and use ISO Risk Register Excel template
To use this free excel ISO Risk Register template, you should have Microsoft Office/ Microsoft Excel installed in your system.
Once extracted, you can open the file using Excel and start entering data or customizing the template.