ISO 31000 - Risk Management
The ISO 31000 standard gives you a structured framework of international best practices for managing risks and opportunities. Following this framework will increase your chance of reaching your business objectives. It will help you analyse and assess factors that work for or against your objectives, make better decisions and improve management techniques across your organisation.
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.
Achieving the ISO 31000 certification will send a clear message to your employees, customers, and other stakeholders that you are committed to managing risks in every part of your business. It will protect your business from internal and external threats while increasing public confidence in your management abilities. This will enhance your company’s reputation and give you a competitive advantage when bidding for commercial tenders.
Public, private and community enterprises can all benefit from ISO 31000 because it covers most business activities, including research, planning, management and communications.
- Respond to change effectively and protect your business as you grow
- Increase stakeholder confidence in your risk management techniques
- Strengthen operational controls, including mandatory and voluntary reporting
- Better customer retention and loyalty
- Improve operational efficiency and governance
- Effective business processes