What is ISO 31000? Complete Risk Management Guide
ISO 31000 is the international risk management guideline that defines principles, framework and processes to help organizations manage uncertainty and achieve objectives.
Key Takeaways
- ✓ISO 31000 is not a certification standard.
- ✓It applies to organizations of any size and industry.
- ✓It integrates risk into strategic decision-making.
- ✓It improves organizational resilience.
What is ISO 31000?
ISO 31000 is an international guideline for risk management developed by the International Organization for Standardization (ISO).
It provides principles, a framework and a process that organizations can use to identify, analyze, evaluate, treat, monitor and communicate risks.
Unlike certification standards, ISO 31000 provides guidance that can be adapted to organizations of all sizes, industries and operating environments.
Executive Summary
Modern risk management is not only about preventing losses.
Organizations use risk management to improve decision-making, increase resilience, identify opportunities and create sustainable value.
ISO 31000 establishes three fundamental elements:
1. Risk management principles.
2. Risk management framework.
3. Risk management process.
Together, these elements help organizations integrate risk considerations into strategy, operations, projects and daily decision-making.
ISO 31000 at a Glance
| Element | Description |
|---|---|
| Type | International risk management guideline |
Related topics
Frequently asked questions
What is ISO 31000?
ISO 31000 is an international guideline that provides principles and processes for organizational risk management.
Can ISO 31000 be certified?
No. ISO 31000 provides guidance and does not define certification requirements.
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ISO 31000 Framework: Enterprise Risk Management Framework
The ISO 31000 framework provides a comprehensive structure to design, implement, maintain and improve organizational risk management capabilities.
ISO 31000 Risk Management Process: Complete Guide
The ISO 31000 risk management process defines systematic activities to identify, analyze, evaluate, treat, monitor and communicate risks across an organization.