ISO 31000:2018Risk Management

ISO 31000 provides organizations with principles, a framework, and a process for effective risk management. It is suitable for organizations of any size and operating in diverse industries. Adopting ISO 31000 can increase the likelihood of achieving objectives, improve the identification of opportunities and threats, and optimize the allocation and utilization of resources for risk management. Although ISO 31000 is not intended for certification, it offers useful guidance for internal and external audit programs. Organizations that implement ISO 31000 can compare their risk management approaches to internationally recognized standards, promoting efficient management and corporate governance.