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.
All types and sizes of organisations face internal and external factors that directly impact whether an organisation can achieve their objectives or not. ISO 31000 serves as a guide for the design, implementation and maintenance of risk management, ISO 31000:2018 describes a systematic and logical process, during which organisations manage risk by identifying it, analysing it, and then make a determination as to mitigating the risk treatment in a way that is consistent with their risk appetite. An organisation can implement risk management across the entire company, and it can do so at any time. It can also tailor these controls to specific areas and activities in the business.
The integration of the ISO 31000 framework within an organisation ensures the consistency and the effectiveness of management across all its areas such as IT, HR, compliance, quality, health and safety, business continuity, etc.
Prove yours and/or your organisation’s commitment to implementing effective risk management with ISO 31000:2018.