Managing Risk, Creating Value

ISO 31000:2018 provides guidelines on managing risk faced by organizations. The application of these guidelines can be customized to any organization and its context.

Core Philosophy: Risk management is not just about avoiding hazards. It is about identifying opportunities and creating value through informed decision-making.

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Integrated

Risk management is an integral part of all organizational activities, not a standalone activity.

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Structured

A systematic and comprehensive approach leads to consistent and comparable results.

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Customized

The framework and process are customized and proportionate to the organization's external and internal context.

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Inclusive

Appropriate and timely involvement of stakeholders enables their knowledge, views, and perceptions to be considered.

Decision Making & Resilience

By identifying, assessing, and managing risks proactively, ISO 31000 supports better decision-making. It helps organizations anticipate potential issues and reduce uncertainty.

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Leadership & Commitment

Top management must ensure that risk management is integrated into all organizational activities. This includes customizing the framework and allocating appropriate resources.

The Risk Management Process

An iterative process of identifying, analyzing, and treating risks.

01

Scope & Context

Defining the purpose, scope, and criteria for the risk management process. Understanding the internal and external environment.

02

Risk Identification

Finding, recognizing, and describing risks that might help or prevent an organization achieving its objectives.

 

03

Risk Analysis

Understanding the nature of risk and its characteristics. This involves considering the likelihood and consequences of events.

04

Risk Evaluation

Comparing the results of risk analysis with risk criteria to determine whether the risk and/or its magnitude is acceptable.

05

Risk Treatment

Annual audits are conducted to ensure ongoing compliance and improvement.

06

Monitoring & Review

After three years, a recertification audit is performed to renew the certificate cycle.

Build a Risk-Aware Culture.

Our consultants help you implement ISO 31000 from the ground up, aligning risk management with your strategic goals

  • 01

Gap Analysis

Assess your current risk maturity level.

  • 02

Framework Design

Tailor the ISO 31000 framework to your industry.

  • 03

Training

Workshops for leadership and risk owners.

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Discuss your ISO 31000 needs.

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