ISO 31000 - Risk Management

Risks affecting organizations can have consequences in terms of economic performance and professional reputation, as well as environmental, safety and societal outcomes. Therefore, managing risk effectively helps organizations to perform well in an environment full of uncertainty.

ISO 31000 Lead Auditor ISO 31000 Internal Auditor ISO 31000 Lead Implementer ISO 31000 Foundation

For Registration

ISO 31000:2009

ISO 31000:2009, Risk management – Principles and guidelines, provides principles, framework and a process for managing risk. It can be used by any organization regardless of its size, activity or sector. Using ISO 31000 can help organizations increase the likelihood of achieving objectives, improve the identification of opportunities and threats and effectively allocate and use resources for risk treatment.

However, ISO 31000 cannot be used for certification purposes, but does provide guidance for internal or external audit programmes. Organizations using it can compare their risk management practices with an internationally recognised benchmark, providing sound principles for effective management and corporate governance ISO 31000 can be applied to the achievement of any and all types ofobjectives at all levels and areas within an organization. It can be used at a strategic or organizational level to help make decisions and can beapplied to all types of activities. It can be used to help manage processes,operations, functions, projects, programs, products, services, and assets.

However, exactly how you apply ISO 31000 is up to you and will dependon your organization’s needs, objectives, and challenges, and shouldreflect what it does and how it operates.

Benefits

  • Increase the likelihood that objectives will be achieved.
  • Improve your ability to identify threats and opportunities.
  • Establish a sound basis for planning and decision making.
  • Help you allocate and use risk treatment resources.
  • Improve the overall resilience of your organization.
  • Improve operational efficiency and effectiveness.
  • Encourage personnel to identify and treat risk.
  • Help minimize your organization’s losses.
  • Improve your risk management controls.
  • Comply with legal and regulatory requirements.
  • Enhance your approach to environmental protection.
  • Improve the effectiveness of your governance activities.
  • Enhance your organization’s health and safety performance.
  • Improve loss prevention and incident management activities.
  • Encourage and support continuous organizational learning.
  • Improve the trust and confidence of your stakeholders.
  • Enhance both mandatory and voluntary reporting.
  • Comply with international norms and standards.