RFE ISO 31000 Risk Managment

COMMUNICATION AND CONSULTATION

• Communication and consultation is a dialogue between an organization and its stakeholders. • This dialogue is both continual and iterative. It is a two-way process that involves both sharing and receiving information about the management of risk. However, this is not joint decision making. • Once communication and consultation is finished, decisions are made and directions are established by the organization, not by stakeholders. • Discussions could be about the existence of risks, their nature, form, likelihood, and significance, as well as whether or not risks are acceptable or should be treated, and what treatment options should be considered.

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