ISO 31000:2009 Risk Management
ISO 31000 is the international standard for risk management. What is risk management? By providing comprehensive principles and guidelines, this standard helps organisations with their risk analysis and risk assessments. Whether you work in a public, private or community enterprise, you can benefit from BS ISO 31000, because it applies to most business activities including planning, management operations and communication processes. Whilst all organisations manage risk to some extent, this international standard’s best-practice recommendations were developed to improve management techniques and ensure safety and security in the workplace at all times. We called this enterprise 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 31000:2009, 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.
HELPS YOU WITH
By implementing the principles and guidelines of BS ISO 31000 in your organisation, you’ll be able to implement enterprise risk management and improve operational efficiency, governance and stakeholder confidence, while minimising losses. This international standard also helps you to boost health and safety performance, establish a strong foundation for decision making and encourage proactive management in all areas.
BENEFITS OF ISO 31000
- Proactively improve operational efficiency and governance
- Build stakeholder confidence in your use of risk techniques
- Apply management system controls to risk analysis to minimise losses
- Improve management system performance and resilience
- Respond to change effectively and protect your business as you grow
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