ISO 31000
and it supporting guides (ISO guide 73:2009 Risk
management: Vocabulary and ISO/IEC 31010:2009
Risk management: Risk assessment techniques) are
developed by the International Standards Organisation
(ISO) to assist in the embedding of risk management
in the day-to-day business of the organisation.
This standard offers
a common framework and process to manage both
organisational opportunities and threats. It is
already becoming world best practice and many
organisations, large and small, public or private,
are adopting this standard to embed Integrated
Risk Management into critical business processes
and strategies.
In addition to providing principles and generic
guidelines on risk management, ISO 31000 also
guides the risk assessments required in other
ISO standards such as ISO 9000, ISO 14000 and
OHSAS 18000.
ISO 31000 can be applied to
any type of organisation and follows the
Plan, Do, Check, Act best practice management
model. This is accomplished through the
development and implementation of a risk
management framework based on the process
as outlined and graphically depicted in
the ISO 31000:2009 standard.
For professional advice on the application
of the ISO 31000 Risk Management Standard
for your specific organisation's needs,
kindly contact any of our consultants.
Mondial
employees have an excellent knowledge
and experience in the practical
implementation of the aforementioned
standards and we have applied this
knowledge and experience to the
benefit of a number of organisations.
Our ERM services are all primarily
premised on the ISO 31000 methodology.
