ISO 31000-Risk Management

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Frequently Asked Qustion

What is the purpose of ISO 31000?
What is the ISO 31000 definition of risk?
What is risk management in ISO?

ISO 31000 RMS Certificate

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.

Why?

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.

Advantages

  • Comply with legal and regulatory requirements and international norms.
  • Boost stakeholder confidence and trust.
  • Improve operational effectiveness and efficiency.
  • Improve loss prevention and incident management

Benefits

  • Identify and treat risk throughout the organization
  • Develop a response plan in event of IT crisis
  • Develop Business continuity planning
  • Develop a code of conduct plan for staff and customers

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