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ISO 31000 – Risk Management
ISO 31000 for risk management is not a management system standard, however risk management is embedded in other management system standard such as:
- ISO 9001 quality management systems (QMS)
- ISO 14001 environmental management systems (EMS)
- OHSAS 18001 occupational health and safety management systems (OHSMS)
- ISO 17025 General requirements for the competence of testing and calibration laboratories
- ISO 13485 Medical Devices
- AS 9100 Aerospace
- ISO 20000 IT Service Management
- ISO 27001 IT Security Management
- TL 9000 Telecommunications
- R2 Responsible Recycling
ISO 31000 provides an organization with an internationally recognized method to identify potential risks such as financial risks, risks to reputation, safety risks, security risks, environmental risks, changes, etc. and mitigate their consequences where possible.
Risk management is quite a natural thing for any human being that has any sense of self-preservation. Management and employees alike similarly have a natural sense to help preserve their organization. ISO 31000 provides guidance on how this can be achieved.
Organizations implementing ISO 31000 will benefit by taking a proactive and stakeholder inclusive approach to risk and thereby avoiding significant losses combined with unwanted insurance and legal claims. Stakeholder confidence will increase and the organization will become more resilient.
ISO 31000 is not an auditable standard as per the above management system standards, therefore independent certification and recognition cannot be provided by the many certification bodies available.
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