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Your glossary for risk and compliance

Helpful definitions of all of the terms you need to know to better manage risk and compliance.

ISO 31000


To establish the context means to define the external and internal parameters that organizations must consider when they manage risk. 
An organization’s external context includes its external stakeholders, its local, national, and international environment, as well as any external factors that influence its objectives.
An organization’s internal context includes its internal stakeholders, its approach to governance, its contractual relationships, and its capabilities, culture, and standards.
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