RISK MANAGEMENT SYSTEM
ISO 31000:2018
ISO 31000 provides guidelines on managing risk faced by organizations. The application of these guidelines can be customized to any organization and its context. It can help organizations increase the likelihood of achieving objectives, improve the identification of opportunities and threats and effectively allocate and use resources for risk treatment.
This standard provides a common approach to managing any type of risk and is not industry or sector specific. It can be used throughout the life of the organization and can be applied to any activity, including decision-making at all levels.
