ISO 31000 (International Organization for Standardization Risk Management)

ISO 31000 is an international standard that provides a framework to help organizations identify, assess, and manage risks effectively. It outlines principles and guidelines for creating a systematic approach to making informed decisions, protecting assets, and achieving objectives. The standard emphasizes integrating risk management into all levels of an organization’s processes and culture, promoting continual improvement. Its goal is to ensure that risks are understood and managed in a way that supports sustainable success, resilience, and stakeholder confidence. Essentially, it helps organizations balance opportunities and threats to achieve their goals responsibly.