ISO 31000 is an international standard designed to enhance risk management practices within organizations. Read this to know more about ISO 31000 standard.
2. ISO 31000 is an international standard designed to enhance risk management
practices within organizations. The certification provides a comprehensive
framework for identifying, assessing, treating, and monitoring risks,
fostering a proactive approach to risk management. Key principles of ISO
31000 include an integrated approach, customization to organizational
context, and an inclusive process involving stakeholders at all levels.
3. Principles and Framework
Principles:
1.Integrated Approach
2.Customization
3.Inclusive Process
Framework:
1.Leadership and Commitment
2.Integration with Governance and Culture
3.Continuous Improvement
4. Benefits of ISO 31000
• Enhanced Decision Making
• Improved Performance
• Stakeholder Confidence