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Contact SupplierISO 31000 provides principles and generic guidelines to assist organizations in establishing, implementing, operating, maintaining and continually improving their risk management framework.
It is not specific to any industry or sector, so it can be used by any public, private or community enterprise, association, group or individual. This standard can be applied throughout the life of an organization, and to a wide range of activities, including strategies and decisions, operations, processes, functions, projects, products, services and assets.
This standard is not intended to promote uniformity of risk management across organizations. The design and implementation of risk management plans and frameworks will need to take into account the varying needs of a specific organization, its particular objectives, context, structure, operations, processes, functions, projects, products, services, or assets and specific practices employed.
ISO 31000 is organized into the following main clauses:
Clause 3: Principles
Clause 4: Framework
Clause 5: Process
Each of these key activities is listed below.
Clause 3: Principles of risk management
In order to have an effective risk management, an organization has to comply with these 11 principles.
Clause 4: Framework
ISO 31000 states that the success of risk management will depend on the effectiveness of the management framework providing the foundations and arrangements what will embed it throughout the organization at all levels.
The framework:
This clause describes the necessary components of the framework for managing risk and the way in which they interrelate in an iterative manner.
Design of framework for managing risk: Before the implementation, the organization must design a framework for managing risk. This includes:
ISO 31000 states that the success of risk management will depend on the effectiveness of the management
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Our Services
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