ISO 31000 Risk Management
The ISO 31000 standard gives you a structured framework of international best practices for managing risks and opportunities. Following this framework will increase your chance of reaching your business objectives. It will help you analyse and assess factors that work for or against your objectives, make better decisions and improve management techniques across your organisation.
Why should I apply for ISO 31000 certification?
Achieving the ISO 31000 certification will send a clear message to your employees, customers, and other stakeholders that you are committed to managing risks in every part of your business. It will protect your business from internal and external threats while increasing public confidence in your management abilities. This will enhance your company’s reputation and give you a competitive advantage when bidding for commercial tenders.
Public, private and community enterprises can all benefit from ISO 31000 because it covers most business activities, including research, planning, management and communications. Although you probably manage risk to some extent, this international standard will provide you with best practice management techniques. It will enable you to analyse your risks and opportunities across all business functions, at all times, and at every level of management.
Here are some benefits of using the ISO 31000 framework:
- Improve operational efficiency and governance
- Increase stakeholder confidence in your risk management techniques
- Strengthen operational controls, including mandatory and voluntary reporting
- Improve your business performance, crisis management and organisational resilience
- Respond to change effectively and protect your business as you grow
Certification for ISO 31000 is optional; you can, if you wish, opt for implementation only. Either way, our expert consultants will make the process as straightforward as possible for you. This includes helping your business make any necessary changes to its processes.
Our 3-stage certification process ensures you get the help you need at every step. We can even create your Risk Management Manual for you, saving you time and money.
Once you have achieved certification you will need to pass an audit each year. This is to ensure your business continues to benefit from the ISO 31000 risk management framework. Your first audit will be one year after you receive your certificate.