ISO 31000 2018 RISK MANAGEMENT SYSTEM

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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 31000:2009 Certification Service for 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 programmes. Organizations using it can compare their risk management practices with an internationally recognized benchmark, providing sound principles for effective management and corporate governance.

Benefits of using ISO 31000 include using enterprise-wide risk management processes to:

• Increase competitive advantage by adopting a globally accepted risk management standard;
• Increase awareness and understanding of the organization's risks;
• Improve the reduction, mitigation and/or elimination of those risks