ISO 31000:2009

ISO 31000:2009 Certification in Belmont, saint michael

Organizations of all types and sizes face internal and external factors and influences that make it uncertain whether and when they will achieve their objectives. The effect this uncertainty has on an organization's objectives is a risk. All activities of an organization involve risk. Organizations manage risk by identifying it, analyzing it, and then evaluating whether the risk should be modified by risk treatment to satisfy their risk criteria. This International Standard describes this systematic and logical process in detail. While all organizations manage risk to some degree, this International Standard establishes several principles that need to be satisfied to make risk management effective. The International Standard ISO 31000:2009 recommends that organizations develop, implement and continuously improve a framework whose purpose is to integrate the process for managing risk into the organization's overall governance, strategy, and planning, management, reporting processes, policies, values, and culture.

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