S3 MODELS FOR RISK MANAGEMENT

• RISK ASSESSMENT MATRIX


  : A matrix used to assess and prioritize HR risks based on their potential impact and likelihood
• SWOT ANALYSIS


  An analysis method that identifies an organization's internal strengths and weaknesses, along with external opportunities and threats.
• FAILURE MODE AND EFFECTS ANALYSIS (FMEA):


  : a systematic approach used to identify, assess, and prioritize potential failures in processes, systems, or products
• COSO-ERM

  (Committee of Sponsoring Organizations of the Treadway Commission - Enterprise Risk Management) - A comprehensive framework used to identify, assess, and manage risks across an organization
• ISO 31000: RISK MANAGEMENT GUIDELINES

  International standard providing principles and guidelines for effective risk management.
• PLAN-DO-CHECK-ACT (PDCA) CYCLE

  A continuous improvement cycle that involves planning, implementing, reviewing, and making necessary adjustments.