ISO 31000 Guidance: Effective Risk Management
Strengthen risk management and organizational resilience in an increasingly uncertain world.
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ISO 31000 Guidance: Effective Risk Management
Applying ISO 31000 principles supports a structured and consistent approach to risk management across your organization. Effective risk management can help organizations improve decision-making, strengthen resilience and respond more effectively to uncertainty and changing business conditions.
The ISO 31000 is a non-certifiable standard that provides internationally recognized guidelines and principles for identifying, assessing and managing risks across business activities and processes.
What is the ISO 31000 standard?
ISO 31000 is an international standard that provides guidelines and principles for effective risk management. The standard helps organizations establish a structured approach to identifying, assessing and managing risks across business activities and decision-making processes.
As risk landscapes evolve, organizations increasingly use ISO 31000 to support resilience, improve governance and strengthen decision-making in a dynamic and complex business environment. Effective risk management can support sustainable business performance and help organizations act proactively rather than reactively when protecting key assets and business value.
Value of the ISO 31000 standard
Applying ISO 31000 principles to support the risk-based thinking in any management system can help organizations improve their approach and strengthen strategic and operational decision-making.
ISO 31000 helps you:
- increase likelihood of achieving objectives
- improve governance and controls
- have better identification of risks and opportunities
- increase organizational resilience
- improve operational efficiency
- have stronger incident management and loss prevention
- increase stakeholder confidence
- improve compliance with legal, regulatory and international requirements
All ISO management system standards include risk-based thinking and requirements. While ISO 31000 is a non-certifiable standard, it provides a reference framework behind the requirements.
With ISO 31000, companies get a deeper, more structured methodology for managing risks by providing guidance on structured processes, defining principles and governance for risk management and supporting consistency across functions.
A structured approach to risk management can help organizations respond more effectively to uncertainty, changing business conditions and stakeholder expectations while supporting long-term business performance.
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How to leverage on the ISO 31000 standard
To integrate the risk management principles and processes of ISO 31000 into their existing management systems and organizational practices, the first steps are to understand its core principles, and assess maturity and gaps.
DNV offers awareness training and foundation courses as well as risk, gap analysis and a scored assessment resulting in a statement issued in case of positive outcame.
The training courses can be used to educate your risk management professionals but also to ensure that the importance of risk management is understood throughout your organization. It covers methodologies, processes and techniques. The workshops gap analysis and scored assessment are aimed at assessing and strengthening the maturity of your risk management approach as they also uncover main areas of improvement.
As a DNV customer, you get access to a suite of digital tools that support management system activities, performance monitoring and continual improvement. In addition, DNV can offer a platform Synergi Life My Audits & My Risks, which can help you take a more proactive approach to audit and risk management. It helps you achieve compliance with selected ISO standards, improve management system performance and drive informed decision.
FAQ – ISO 31000
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Risk management is the process of identifying, assessing and treating risks that may affect an organization’s objectives, operations or stakeholders. A structured risk management approach helps organizations address uncertainty, improve decision-making and strengthen resilience across business activities. Risk management can be applied across strategic, operational, financial and compliance-related areas.
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Supply chain risk management focuses on identifying and managing risks related to suppliers, logistics, operations and supply chain continuity. It helps organizations improve resilience, reduce disruptions and support consistent delivery of products and services. Supply chain risks may include operational, geopolitical, environmental, safety, ethical, cyber and regulatory risks.
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Enterprise risk management is a structured approach to managing risks across an entire organization. It supports organizations in identifying risks and opportunities that may affect strategic and operational objectives. Enterprise risk management helps improve governance, decision-making and organizational resilience.
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Effective risk management helps organizations address uncertainty, improve decision-making and strengthen business resilience. It supports organizations in identifying potential threats and opportunities while improving operational performance and governance. A structured approach to risk management can also help organizations respond more effectively to changing business conditions and stakeholder expectations.
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ISO 31000 is an international standard developed by the International Organization for Standardization (ISO) that provides guidelines and principles for effective risk management. The standard helps organizations establish a structured and consistent approach to identifying, assessing and managing risks across business activities and decision-making processes. ISO 31000 can be applied by organizations of any size, sector or industry. As a guidance standard on risk management its framework and principles are designed to be embedded into any management system based on an ISO standard.
ISO 31000 training
ISO 31000 risk management foundation course
This course covers risk management practice focusing on ISO 31000:2018 which provides generic guidelines for the design, implementation and maintenance of risk management processes throughout an organization.
Discover ISO 31000 risk management foundation course
Risk based thinking eLearning course
This very brief course is intended to give a better understanding of risk management.
Discover risk based thinking eLearning course
Risk assessment introduction course
This course provides an introduction to risk assessment, with a focus on terminology, processes and methods for identifying, analyzing, evaluating and managing risks.
Discover risk assessment introduction course
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