ISO 31000 provides principles, frameworks, and processes for organizations to manage their risks. This standard is applicable to organizations of any size or industry. Since it contains a set of guidelines, it is not certifiable. This standard is only used to guide internal and external audit programs.
ISO 31000 can be used to compare the risk management practices of individual organizations with an international criterion that has a solid foundation. Although ISO 31000 is not a certifiable standard, it enables the performance of gap analysis, which helps identify the strengths and weaknesses of current processes.
Importance of the ISO 31000 Risk Management Standard
The risks affecting organizations can arise based on economic performance, professional reputation, as well as security and social consequences. Therefore, effectively managing risk can help organizations perform well in an uncertain environment.
Using ISO 31000 can help organizations increase the likelihood of achieving goals, improve the identification of opportunities and threats, and effectively allocate and utilize resources for risk treatment.
Benefits of ISO 31000 for Your Organization
- Creates value and helps preserve value
- Improves the quality of processes as part of the separation of organizational processes
- Improves decision-making processes by becoming part of it
- Eliminates uncertainty within the organization
- Supports systematic, structured, and timely implementations
- Ensures processing of the best available knowledge
- Improves the organization’s compliance with processes in risk situations
- Considers human and cultural factors
- Ensures transparency and inclusiveness within the organization
- Helps the organization take dynamic, iterative, and responsive steps to change
- Facilitates continuous improvement within the organization
Benefits of ISO 31000 for Your Customers
- Guarantees the uninterrupted delivery of services to customers
- Brand reputation derived from successful risk management
- More reliable service potential through brand reputation
ISO 31000 Risk Management System Certification Process
ISO 31000 certification (also known as certification) is obtained after an audit by a third-party certification body, such as Key Kalite, to determine whether an organization meets the requirements of ISO 31000. However, since ISO 31000 is currently not certifiable, there is no certification process. If certification processes are activated, the following procedures will apply:
- Certification Decision
- Project Management Implementation
- Scope Definition
- Gap Analysis and Risk Assessment
- Documentation/Recording
- Internal ISO 31000 Audit
- ISO 31000 Certification
If you wish to obtain the ISO 31000 Risk Management System certificate or need more information, you can contact us through our contact page.