ISO 31000 CERTIFICATION : RISK MANAGEMENT
We analyze and manage risks a day . From crossing the road, correctly preparing food, fastening seat belts, to coordinating a journey via transportation system. Each of those is an example of a risk management process happening in our heads; sometimes the results of “common sense”, sometimes these decisions are made unconsciously.
At the point when it includes business management, a progressively thorough, formalized methodology is required. One such technique for overseeing hazard is to use guidelines for chance administration, as ISO 31000.This approach is beneficial in just about any situation, for organizations of all shapes and sizes, to manage risk in their everyday operations.
MAIN CHANGES SINCE THE PREVIOUS EDITION: ISO 31000:2009
According to the ISO, the most changes are:
- Review of the principles of risk management, which are the for most important for its success
- Focus on leadership by top management who should make sure that risk management is integrated into all organizational activities, starting with the governance of the organization
- Greater emphasis on the relating nature of risk management, drawing on new experiences, knowledge and analysis for the revision of process elements, actions and controls at each stage of the method
- Streamlining of the content with a greater specialise in sustaining an open systems model that often exchanges feedback with its external environment to suit multiple needs and contexts
BENEFITS IT BRINGS TO ORGANIZATIONS
- It creates and protects value.
- It is an integral a part of all organizational processes.
- It is a component of deciding .
- It explicitly addresses uncertainty.
- it’s systematic, structured and timely.
- It is predicated on the simplest available information. it’s tailored.
- It takes human and cultural factors under consideration .
- it’s transparent and inclusive.
- it’s dynamic, iterative and aware of change.
- It facilitates continual improvement of the organization.