Skip to content

Your glossary for risk and compliance

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

Risk
ISO 31000

Risk management plan

An organization’s risk management plan describes how it intends to manage risk. It describes the management components, the approach, and the resources that are used to manage risk. Typical management components include procedures, practices, responsibilities, and activities (including their sequence and timing). Risk management plans can be applied to products, processes, and projects, or to an entire organization or to any part of it.
Back to glossary search

Why businesses and advisors choose 6clicks

It's faster, easier and more cost effective than any alternative.

6clicks Circle Logo

Powered by artificial
intelligence

Experience the magic of Hailey, our artificial intelligence engine for risk and compliance.

6clicks Circle Logo

Unique Hub & Spoke architecture

Deploy multiple teams all connected to a hub - perfect for federated, multi-team structures.

6clicks Circle Logo

Fully integrated
content library

Access 100's of standards, control sets, assessment templates, libraries and playbooks.

Are you ready to experience AI-powered GRC?