Risk Managment (ISO 31000)

Risk Management (ISO 31000)

ISO31000:2009 Risk management Principles and guidelines, provides a set of principles, a framework and a process for managing risk. Using ISO31000:2009 can help organizations of all sizes increase the likelihood of achieving their objectives, improve the identification of opportunities and threats, and effectively allocate and use resources for risk treatment.

What is Risk Management ?

An effect is a deviation from the expected positive and/or negative. Risk Objectives can have different aspects (such as financial, health and safety, and environmental goals) and can apply at different levels (such as strategic, organization-wide, project, product and process).

The risk is often expressed in terms of a combination of the consequences of an event (including changes in circumstances) and the associated likelihood of occurrence.