Which document typically outlines an organization’s risk management policies?

The risk management framework is the document that typically outlines an organization’s risk management policies. This framework serves as a comprehensive guide that establishes the processes, methodologies, and criteria for identifying, assessing, and mitigating risks within the organization. It provides a structured approach that helps ensure consistent risk management practices throughout the organization and aligns with its strategic objectives.

The framework covers aspects such as risk appetite, risk tolerance, and the roles and responsibilities of various stakeholders involved in the risk management process. It also includes guidelines for ongoing risk monitoring and reporting, making it an essential tool for maintaining an effective risk management program.

While the strategic plan may address high-level business objectives and initiatives, it does not delve into the specific policies and processes related to risk management. The annual report is focused on the organization's financial performance and operational activities over the year, and the business continuity plan details the procedures for maintaining operations during disruptions but does not encompass the broader policies for risk management.