Risk Management Standard (ISO 31000)

ISO 31000, the Risk Management Standard, provides a structured approach for organizations to identify, assess, and handle potential risks that could affect their goals. It helps organizations make informed decisions by understanding uncertainties and minimizing negative impacts while maximizing opportunities. The standard emphasizes ongoing risk awareness within the organization’s culture and processes, ensuring risks are managed systematically and proactively. It is applicable across all types of organizations and industries, offering guidance to improve resilience and achieve objectives effectively by integrating risk management into everyday activities and strategic planning.