ISO 31000

ISO 31000:2018 Risk management. Guidelines.

ISO 31000:2018

The ISO 31000:2018 standard sets out the principles and general guidelines for:

• threat identification;
• identification of the assets to which they can be applied;
• creation of a methodology for risk assessment;
• risk assessment and reassessment;
• risk treatment;
• implementation of risk control mechanisms;
• risk management;

The standard is applicable to performing the above actions for all types of risk – business risk, financial, informational, product and others;

An important aspect of it is the unification of approaches to the management of different risks and their introduction into a single system, through which the links between the types of risks are also taken into account.

What are the benefits of implementing a risk management system?

The benefits can be reduced to the following:

• establishing a common risk management framework;
• introduction of risk management in areas where there was no risk management before the implementation of the system;
• improving the effectiveness of risk management;
• reducing the cost of treating risks;
• increasing the image of the organization;