Principles of ISO 31000
Risk Management
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Value Creation: The Core of ISO 31000
Effective risk management creates and protects value, enabling an organization to achieve its objectives and improve performance.
Informed Decisions
Informed Decisions: Enhancing the quality of strategic and operational decision-making.
Opportunity Seizing
Opportunity Seizing: Proactively identifying and pursuing potential opportunities for growth.
Resource Optimization
Resource Optimization: Allocating the best use of resources for treating risks.
Stakeholder Confidence
Stakeholder Confidence: Increasing trust and assurance among all involved parties.
Improved Governance
Improved Governance: Strengthening accountability and the overall management framework.
Continual Improvement
Continual Improvement: Facilitating organizational learning and enhancing resilience over time.
25
Years of experienceIntegrating Risk Management into Organizational Culture
Risk management is an integral part of all organizational activities, embedded within its culture and practices.
Part of Governance
Risk management is embedded within the organization's overall governance structure.
Embedded in Processes
It is integrated into all key business processes and decision-making.
Everyone's Responsibility
Risk management is a recognized responsibility for everyone in the organization.
Enhanced Decision-Making Through Risk Management
Risk management improves decision-making by providing a structured approach to understanding uncertainty, helping to prioritize actions and select the most appropriate options to achieve objectives.
- Addresses uncertainty explicitly
- Based on best available information
- Considers human and cultural factors
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