ISO 31000: Risk Management
ISO 31000: The Essential Guide to Managing Risk and Strengthening Your Organization
ISO 31000 is an international standard that provides principles, a framework and a process for managing the risk faced by organizations. It is applicable to any type of company, regardless of size, sector or geographical location. Its purpose is to help improve decision making, planning and operational effectiveness by integrating risk as a fundamental part of strategic management.
It is not a certifiable standard, but a best practice guide that can be integrated with other management systems such as ISO 9001, ISO 14001 or ISO 45001.
Main requirements of ISO 31000
- Risk management principles, such as integration, customization, inclusion and continuous improvement.
- Framework for integrating risk into the organization's governance and processes.
- Risk management process, which includes:
- Establishment of the context
- Risk identification
- Risk analysis
- Risk assessment
- Risk treatment
- Monitoring and review
- Communication and consultation
Practical measures to comply with ISO 31000
- Define a risk management policy aligned with the organizational strategy.
- Identify and assess the risks associated with each key process.
- Establish mechanisms for monitoring and periodic review of risks.
- Integrate risk assessment into decision making for projects, investments or operational changes.
- Train personnel in risk management culture.
- Establish a corporate risk map.
Advantages of ISO 31000 certification
For the organization:
- Improved strategic and operational decision making.
- Increases resilience to crises, uncertainties or changes in the environment.
- Facilitates the achievement of business objectives by identifying and controlling key risks.
- Promotes proactive rather than reactive management.
- Improve internal efficiency by integrating risk into all processes.
For customers:
- Ensures greater continuity of service in the event of adverse events.
- Reinforces customer confidence in the organization.
- Improve the quality and stability of products and services by managing operational risks.
- Reduce errors, failures or interruptions that can affect the customer experience.
For the market:
- Increases corporate credibility and reputation with investors, regulators and partners.
- Facilitates compliance with legal and contractual requirements related to risk.
- Improves the long-term sustainability of the organization in competitive markets.
- Promotes a responsible and forward-looking corporate culture.
ISO 31000: Application by sector and industry
Manufacturing and service companies
Banking and finance
Public administrations
Energy sector
Information technology
Construction and infrastructure
Health and pharmacist
Education and non-profit organizations
Well-managed risk is not a threat, it is an opportunity to grow intelligently.
Implement ISO 31000 and transform risk into a competitive advantage.
BLOG: articles on Risk Management according to ISO 31000
Best practices in policies, standards and internal control: essential foundations for corporate integrity
Explore the essential fundamentals of an effective internal control system. Learn how to align standards and policies with international best practices.
Legal Risk in Organizations: How to Manage it and Transform it into Competitive Advantage.
Well-managed legal risk protects the company from sanctions and reputational damage, and can become a competitive advantage by strengthening compliance and market confidence.
Sampling in Auditing: A Complete Guide for Compliance Professionals
The sampling technique in auditing allows the evaluation of large volumes of information without the need to review each individual transaction. Its correct application guarantees efficiency, accuracy and regulatory support in internal and external auditing processes.
