SIG-ISM has published a white paper on risk management.
A reference to ISO 27001 chapter 5. leadership should be added her, specifically detailing how the organization addresses risk responsibilities and residual risks.
Risk assessment process
The risk assessment process can be divided into the following activities:
- Mapping of information assets and value assessment
- Mapping of existing mitigating activities
- Mapping of risk elements
- Assessment of risk level (consistency and probability)
- Measures in relation to risk factors
- Categorization and prioritization of measures
- Approval of measures
- Risk treatment. Implementation and follow-up of measures
Activity 2 to 5 is usually done in a risk assessment workshop.