ISO 31000 — Risk Management Guidelines

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ISO 31000 is an international standard that focuses on designing, implementing, and reviewing risk management processes and practices.

• Helps to:
  • create and protect value
  • integrate organizational procedures
  • be part of the decision-making process
  • explicitly address uncertainty
  • be a systematic, structured, timely risk management program
  • ensure risk management program is based on the best available information
  • be tailored to the organization’s business requirements and actual risks
  • take human and cultural factors into account
  • ensure the risk management program is transparent and inclusive
  • create a risk management program that is dynamic, iterative, and responsive to change
  • facilitate continual improvement and enhancement