| Component name |
Essence |
| Internal environment |
it includes the atmosphere and climate in the organization, determining what response is the risk of employees of the economic entity. In this aspect, the leading role is played by the philosophy of risk management, ethical codes, the environment that ensures their adoption and implementation |
| Goal setting |
identified prior to the realization of events potentially affecting their achievement. The management of the organization should properly organize the process of selecting goals, their formation, correlation with the mission of the organization and risk appetite |
| Event definition |
dividing events into risks and opportunities |
| Risks evaluation |
is made taking into account the analysis of probability of emergence, degree and quality of influence on the purpose |
| Risk response |
it is implemented, based on the method chosen by the concept, through a number of measures to bring the risk to an acceptable level |
| Means of control |
development of policies and procedures to ensure timely response to a possible risk event |
| Information and communication |
reliable information and recording of information, that is interesting in the development of the risk management concept, produced in the prescribed form and on time |
| Monitoring |
monitoring of risk management process, adjustment |
