ISO 31000:2018 Risk Management

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Description

ISO 31000 is a family of standards relating to risk management codified by the International Organization for Standardization. The purpose of ISO 31000:2018 is to provide principles and generic guidelines on risk management. ISO 31000 seeks to provide a universally recognized paradigm for practitioners and companies employing risk management processes to replace the myriad of existing standards, methodologies and paradigms that differed between industries, subject matters and regions.

ISO 31000 was published as a standard on 13 November 2009. An update to ISO 31000 was added in early 2018. The update is different in that “ISO 31000:2018 provides more strategic guidance than ISO 31000:2009 and places more emphasis on both the involvement of senior management and the integration of risk management into the organization.”

Customer Benefits

ISO 31000 helps organizations develop a risk management strategy to effectively identify and mitigate risks, thereby enhancing the likelihood of achieving their objectives and increasing the protection of their assets. Its overarching goal is to develop a risk management culture where employees and stakeholders are aware of the importance of monitoring and managing risk. Implementing ISO 31000 also helps organizations see both the positive opportunities and negative consequences associated with risk, and allows for more informed, and thus more effective, decision making, namely in the allocation of resources. What’s more, it can be an active component in improving an organization’s governance and, ultimately, its performance.

Services

We assist our partners in the complete cycle for ISO Certification from Project Initiation to Certification and Maintenance. Complete support through provision of templates, guidance for gap analysis, training and documentation is provided for. In the event customers require consulting support, that is available as well, backed by a team of 15 consultants with an average of 20+ years’ experience.

This is achieved through a structured approach based on the seven-step consulting approach. The specific services include:

1. Gap Analysis Support
2. Processes improvement
3. Toolkits and Templates
4. Capacity enhancement and Capability development
5. Internal Audit
6. Working with ISO certification bodies for Audit

Training

ISO 31000 Foundation Training Course
ISO 31000 Practitioner Training Course
ISO 31000 Internal Auditor Training Course