ISO 31000 is an international standard published in 2009 that provides principles and guidelines for effective risk management.

All organizations are exposed to a number of threats that make them vulnerable and which can prevent them from properly achieving their objectives. In order to provide a universally recognized standard that can be used by any kind of organization for managing these risks effectively, the International Organization for Standardization (ISO) developed ISO 31000.

Key principles

  • Risk identification
  • Risk analysis
  • Risk Evaluation
  • Risk Treatment
  • Establishing the context
  • Monitoring and Review

Benefits of ISO 31000

  • Improve the confidence of stakeholders
  • Improve organizational learning

  • Improve controls, effectiveness and operation efficiency
  • Promote proactive management rather than reactive
  • Increase safety and health performance
  • Improve prevention and incident management
  • Establish a reliable basis for decision-making and planning
  • Comply with legal and regulatory requirements and international standards
  • Minimize losses
  • Distribute and effectively use resources to manage risks
  • Improve financial information and business management
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