Skip to content

Risk Management Policy

What is Risk Management Policy?

A formal statement of an organization's intentions and direction regarding risk management, established by senior leadership.

Risk Management

Each of these is named in at least one of the same controls as risk management policy. The number is how many controls name both.

What the standards actually require on risk management policy

Requirements naming risk management policy across 6 standards, quoted from the control text.

C5 (Germany)2 controls

Run the risk handling process as needed and at least once a year, addressing mixed customer protection needs, weaknesses in the separation of shared resources, attacks through publicly reachable interfaces, unavoidable duty conflicts and subservice dependencie...

C5-OIS-07 · Application of the Risk Management Policy

The deployer must implement a risk-management policy and program governing high-risk AI deployment, that is iterative, regularly reviewed/updated, and reasonable considering a nationally/internationally recognised AI risk-management framework such as the lates...

CO-AIA-1703-2 · Risk Management Policy and Program

Establish documented AI risk policy stating objectives, scope, roles, criteria, and review cadence.

23894-5.4.2 · AI Risk Management Policy
FedRAMP High1 control

Develop, document, disseminate, and review supply chain risk management policy and procedures at defined frequency.

SR-1 · Policy and Procedures (SR-1)

Develop, document, disseminate, and review supply chain risk management policy and procedures at defined frequency.

SR-1 · Policy and Procedures (SR-1)
FedRAMP Rev 51 control

FedRAMP Rev 5 supply chain risk management aligns with Executive Order 14028 + NIST SP 800-218 Secure Software Development Framework (SSDF). REQUIREMENTS: (a) SUPPLY CHAIN RISK MANAGEMENT POLICY + PLAN (NIST 800-53 Rev 5 SR family) + integration into the SSP;

FedRAMP-SupplyChain-SBOM · FedRAMP supply chain risk management + SBOM (per EO 14028 + NIST 800-218 SSDF)

Questions people ask about risk management policy

What is Risk Management Policy?
A formal statement of an organization's intentions and direction regarding risk management, established by senior leadership.
Why is Risk Management Policy important for compliance?
Risk Management Policy is a key concept in Risk Management. Understanding risk management policy helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 686 frameworks with 311K cross-framework control mappings.
Which compliance frameworks address Risk Management Policy?
Risk Management Policy appears in the requirement text of C5 (Germany), Colorado Artificial Intelligence Act (proposed SB 24-205), ISO/IEC 23894:2023, FedRAMP High, FedRAMP Moderate. Across these standards we have identified 7 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Risk Management Policy?
Explore our compliance framework pages to see how risk management policy applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 686 frameworks.

See how Risk Management Policy applies across compliance frameworks

Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.

Written and maintained by Gerard Blokdyk, The Art of Service.