IT Risk Management caters principles and generic guidelines on risk management which can be implemented by public, private or community enterprise, association, group or individual. Organizations should implement standards to boost economic performance and safeguard professional reputation, environmental, safety and social relations.
ISO 31000:2009 can be implemented by any organization regardless of its size, activity or sector. It contains principles, framework and a process for managing risk.
ISO 31000:2009 helps organizations in identification of opportunities and threats and effectively allocate and use resources for risk treatment. It provides guidance for internal or external audit programs and helps them compare their risk management practices with an internationally recognized benchmark. ISO 31000:2009 replaces countless existing standards, methodologies and paradigms that differed between industries, subjects and regions.