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
- Identify existing safeguards
- Identify of risk elements
- Assessment of risk level (consequence and probability)
- Controls in relation to risk factors
- Categorization and prioritization of controls
- Approval of controls
- Risk treatment. Implementation and follow-up of controls
Activity 2 to 5 is usually done in a risk assessment workshop.