Effective risk management

New international guidance on how to get it right.

Few minutes to read
Clare  Naden
By Clare Naden
Tagged as 
ISO 31000
Safety
Published on

As pandemics, natural disasters and cybercrime continue to impact our world, what’s certain is that nothing is certain. Being agile and prepared for any kind of disruption, therefore, is an essential business activity. ISO’s flagship standard for risk management, ISO 31000, is the world’s “go to” standard to support this, and a new handbook has just been published to help users fully optimize its value. 

ISO 31000:2018 – Risk management – A practical guide, assists organizations on how to integrate an effective decision-making framework into their governance, leadership and culture through the optimal use of ISO 31000

Risks can include anything that generates uncertainty related to an organization’s objectives or creates a deviation from the expected. This involves not only threats to the strength or viability of the organization, but also opportunities to be gained. Reputation, political changes and climate change impacts are examples of what needs to be considered when managing risk effectively. 

The standard itself explains the fundamental concepts and principles of risk management, while describing a framework and outlining processes for identifying and managing risk. This new guide, however, takes it all one step further. It provides expanded information and context to the clauses in ISO 31000, including guidance on developing a plan for integrating risk into an organization’s existing arrangements, communicating with stakeholders, monitoring and reviewing the risk management plan, and much more. 

ISO 31000:2018 – Risk management – A practical guide was developed in collaboration with UNIDO (United Nations Industrial Development Organization). It is available from your national ISO member or the ISO Store.

Press contact

press@iso.org

Journalist, blogger or editor?

Want to get the inside scoop on standards, or find out more about what we do? Get in touch with our team or check out our media kit

Keep up to date with ISO

Sign up to our newsletter for the latest news, views and product information.