ISO 31000 is an international standard that provides principles and guidelines for risk management. It outlines a comprehensive approach to identifying, analyzing, evaluating, treating, monitoring and communicating risks across an organization.
ISO 31000 provides a set of principles, guidelines for the design, implementation of a risk management framework and recommendations for the application of a risk management process. The risk management process as described in ISO 31000 can be applied to any activity, including decision-making at all levels.
Proactive risk management is key to navigating uncertainties and ensuring organizational stability. Standards in risk management offer comprehensive tools for identifying, evaluating, and controlling potential risks, enabling organizations to respond effectively to challenges.
While all organizations manage risk to some degree, this International Standard establishes a number of principles that need to be satisfied to make risk management effective.
ISO 31000 helps organizations develop a risk management strat-egy to efectively identify and mitigate risks, thereby enhancing the likelihood of achieving their objectives and increasing the protection of their assets.
ISO 31000:2009 describes a systematic and logical process, during which organizations manage risk by identifying it, analyzing and then evaluating whether the risk should be modified by risk treatment in order to satisfy their risk criteria.
ISO 31000 helps organizations develop a risk management strategy to effectively identify and mitigate risks, thereby enhancing the likelihood of achieving their objectives and increasing the protection of their assets.