HomeservicesISO 31000 Risk Management

ISO 31000 Risk Management

ISO 31000 RISK MANAGEMENT SYSTEM

The ISO 31000 Enterprise Risk Management standards are designed to enable all public and private organizations—large or small—to manage risks related to their activities accurately and effectively. The risk management strategies established in accordance with these standards can be applied to manage all types of risks an organization may face.

ISO 31000 standards allow organizations to systematically assess the risks associated with their activities in order to provide reasonable assurance in achieving their objectives. As a result, the potential impacts of possible losses are minimized. To achieve this, organizations must utilize, analyze, and evaluate all available information in order to make informed decisions.

It is important to understand that risks may also create opportunities and to act accordingly. It can be possible to gain benefits from situations created by risks while avoiding their negative effects.

To create such opportunities, it is often more appropriate to receive consultancy services when establishing an ISO 31000 Enterprise Risk Management System. Consulting organizations evaluate a company’s organizational structure, objectives, processes, assets, products or services, and ongoing or planned projects as a whole. This holistic approach enables faster identification and evaluation of threats and opportunities, allowing appropriate strategies to be developed. As a result, the organization’s ability to prevent losses improves, and its resilience against various challenges increases.

Through the ISO 31000 Enterprise Risk Management System, different risks identified across various units within the organization—each with different outcomes but often interconnected—are managed in a consistent and organization-specific manner.

Benefits of Enterprise Risk Management

  • Establishes a sense of responsibility within the organization,

  • Raises risk awareness among employees,

  • Enables effective management of processes,

  • Supports a preventive and proactive approach to risk management,

  • Ensures efficient use of resources,

  • Promotes a culture of openness and transparency within the organization,

  • Provides a competitive advantage,

  • Enhances the organization’s brand value.