ISO 31000

Organizations all over the world face various types of risks, regardless of type and size. Risk can lead to poor business operations, financial and economic loss, and a fatal risk to an organization's image. Managing risk is a fundamental principle at all stages of business activity and is an essential part of continuing business activity.

ISO 31000, as a guideline for risk management, provides a set of principles, risk management frameworks and processes to enable organizations to proactively approach the risks they face. ISO 31000 enables organizations to simplify the task of managing complex situations in the process of identifying and assessing risks.

ISO 31000 is a guideline that cannot be used for certification purposes, but it provides guidelines that can respond to internal/external audits of organizations.

< ISO 31000 >

Risk

In ISO 31000, Risk means ‘the effect of uncertainty on objectives’. It focuses on deviations (positive or negative, or both) from outcomes that were expected to be opportunities or threats beyond the negative image of the term ‘Risk’. At the same time, risk management refers to ‘activities to direct and control the organization in relation to risk’. It is to establish a plan to systematically and economically use resources to reduce, monitor, and control the probability of negative events and their impact.

< Risk >

Importance of risk management

Risk management is a very important part of an organization's work. Through risk management, organizations can develop action plans and strategies to build resilience to risk and eliminate or reduce the impact of risk by putting in place the necessary procedures. It can also identify potential risks that impede the achievement of the organization's goals. This reduces losses in various aspects and provides governance and trust and trust to stakeholders.