ISO 31000 Risk Management Standard

ISO 31000:2018 Risk Management provides principles, framework and a process for managing risk. Public, private and community enterprises can all benefit from ISO 31000:2018 because it covers most business activities, including research, planning, management and communications. Implementing ISO 31000:2018 can help organisations increase the likelihood of achieving objectives, improve the identification of opportunities and threats and effectively allocate and use resources for risk treatment.

Benefits of ISO 31000 Risk Management Standard

  • It can be used by organisations to compare their risk management practices with an internationally recognised benchmark, providing sound principles for effective management and corporate governance.
  • It is a clear indicator to your customers and other stakeholders that as an organisation, you are committed to managing risks in every part of your business.
  • It increases public confidence in the organisation as it demonstrates your management capabilities in protecting your business from internal and external threats.
  • ISO 31000:2018 Certification helps to provide guidance for internal or external audit programmers.
  • In competitive bidding for commercial tenders, it will enhance your company’s reputation and give you a competitive advantage.

Contact our team today to apply for the ISO 31000 Risk Management certification.

ISO 31000 Risk Management B… by ABAC Center of Excellence

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EXPLORING ISO 31000

Dive into ISO 31000 risk management with the insights below or subscribe to our newsletter to stay updated with risk management, compliance, anti-bribery and anti-corruption related news, solutions, events and publications.

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A guide to understanding the Integrated Management System

| ABAC News, IMS, ISO 31000, ISO 37000, ISO 37001, ISO 37002, ISO 37301 | No Comments
An Integrated Management System (IMS) incorporates the entirety of an organisation’s systems and practices into one complete framework thus facilitating the organisation to act as an individual unit with unified objectives.…
ISO 31000:2018, ISO, risk management

Components of ISO 31000:2018

| ABAC News, ISO 31000 | No Comments
Managing risk is a critical part of the success of any organisation. That’s why ISO (International Organization for Standardization) developed the 31000:2018 Risk Management Standard. Issued in 2009, the standard…
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ISO 31000: risk management and its continuous improvement

| ABAC News, ISO 31000 | No Comments
Continuous improvement is another significant concept to understand for the ISO 31000 risk management standard. Without a company culture strongly aligned with principles of constant improvement, organisations will struggle to…
ABAC is now officially an HRDF certified and registered training Provider

ABAC is now a HRDF Certified and Registered Training Provider

| ABAC Insights, ABAC News, ABAC Team, Compliance, ISO 31000, ISO 37000, ISO 37001, ISO 37002, ISO 37301 | No Comments
As of August 2021, ABAC® is a HRDF Claimable Training Provider (TP) registered with PSMB. PSMB 0fficially recognises ABAC® Center of Excellence as a HRDF TP.  The accreditation empowers ABAC®…
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ACFE released their 2020 Report to the Nations, the latest in ACFE global studies on the costs and effects of occupational fraud (i.e., fraud committed by individuals against the organisations…
corruption in education, ISO 37001

5 tips for universities to stop corruption in education

| ABAC Insights, ABAC News, Compliance, ISO 31000, ISO 37000, ISO 37001, ISO 37002, ISO 37301 | No Comments
Bribery and corruption are often recognised only AFTER it occurs, generally when the media uncover the handled bribe or when a whistleblower reports the money laundering scheme. To combat corrupt…