The long-term success of an organization relies on many things, from continually assessing and updating their offering to optimizing their processes. As if this weren’t enough of a challenge, they also need to account for the unexpected in managing risk. That’s why we’ve developed ISO 31000 for risk management.
In addition to addressing operational continuity, ISO 31000 provides a level of reassurance in terms of economic resilience, professional reputation, and environmental and safety outcomes. In a world of uncertainty, ISO 31000 is tailor-made for any organization seeking clear guidance on risk management.
ISO 31000, Risk management – Guidelines, provides principles, a 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 programs. Organizations using it can compare their risk management practices with an internationally recognized benchmark, providing sound principles for effective management and corporate governance.