ISO 31000 seeks to help organizations take a methodical approach to risk management by doing three key things: identify risks; evaluate the probability of an event tied to an identified risk occurring and determines the severity of the problems caused by the event occurring.
What are the benefits of ISO 31000?
• Increase stakeholder confidence in your risk management techniques.
• Strengthen operational controls, including mandatory and voluntary reporting.
• Improve your business performance, crisis management and organizational resilience.
• Respond to change effectively and protect your business as you grow.