The master's thesis presents the meaning and positive effects of ISO 31000. Despite the
fact that some authors specify it's weaknesses, the thesis focuses on the standard's added
value. At the same time it presents the importance of risk management in companies, with
actual example given. The main objective of the thesis is to propose measures and
improvements which the organization in question needs to address further process of risk
management. In order to achieve this, the foundation of risk registry is proposed as one of
the possible measures.
The thesis is based on theoretical-empirical method of exploration. Methods of compilation,
deduction and comparison were used. All the sources available in internal records were
used to determine the existing condition of it. This allowed us to review losses of the last
five years and to actively engage in the business process. Consequently, this helped us to
explore frequency of losses.
The examination of literature, as well as the discussion of the actual case indicates the
importance of risk management. The process of risk management is the key element of
retaining the company's reputation and market position. The practical case will therefore
serve as an example for Slovenian and foreign organizations.
The master's thesis will help those organizations that haven't paid much attention to risk
management so far or are trying to improve on this subject. The thesis offers a review of
related domestic and foreign literature, faces views of different authors and exposes
international standard which represents principles and guidelines of risk management.
Upgrade of the introduced risk register, which serves as one of the main measures to handle
risks more successfully, is also recommended.
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