ISO 31000 Risk Management System

ISO 31000 Risk Management System

Many activities of an organization involve risk. Organizations determine and analyze the risks that they may face, manage by evaluating whether they will change the risk by making a risk rating.

Throughout this process, organizations check for changes in their activities, communicate with their stakeholders, consult them, and make sure there are additional issues to address the risk, monitor and review the risk by checking the factors that change existing risks. The standard describes this systematic and logical process in detail. While all organizations manage the risk to some extent, this standard establishes a number of principles that must be achieved to enable risk management. This standard recommends that organizations develop, implement and continually improve a framework for integrating the process of risk management in line with their overall management, strategy and planning, management, reporting processes, policies, values ​​and culture. The general approach described in this standard provides the principles and general principles for managing any character risk systematically, transparently and reliably, within scope and content.

WHY TS ISO 31000?

• Predicts difficult situations that may be encountered in the future,
• Precautions are taken before risks emerge,
• Surprises and losses are minimized,
• Helps to make fast and effective decisions,
• It saves time,
• Prevents waste of resources,
• It ensures that risks are kept at reasonable levels,
• Business continuity is provided,
• It increases the probability of achieving the goals,
• Encourages proactive management,
• Provides awareness of the need to identify and address risk across the organization,
• Provides analysis of opportunities and threats,
• Helps comply with relevant legal and regulatory requirements and international norms,
• Helps improve stakeholder trust and trust,
• It provides a reliable basis for decision making and planning,
• Provides ease of allocating and using resources effectively to address risk,
• Provides operational efficiency and increases efficiency,
• Improves loss prevention and case management.

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