Strategic Objectives
The Board which establishes an organisation’s organisations Vision, Mission and Values, sets the strategic objectives. Strategic objectives must be measurable. It is against these strategic objectives the Key Performance Indicators are set.Risks, which, can have a positive or negative impact on the achievement of the objectives are cascaded down the organisation structure. However, there is recognition that whilst the lower level objectives, must be aligned to the strategic objectives, they will most likely differ because they need to be adapted, according to local conditions.
The introduction to ISO/CD 31000 states:
Risk management can be applied across many areas, to specific functions and levels of an organization as well as to the entire organization