ISO 31000: 2018

ISO 31000: 2018

  • ISO 31000: 2018 is an international guidance standard for Risk management 
  • This second edition cancels and replaces the first edition (ISO 31000:2009) which has recently been technically revised.
  • The updated standard focuses upon:
    • Review of the principles of risk management, which are the key criteria for its success
    • Highlighting of the leadership by top management and the integration of risk management, starting with the governance of the organization;
    • Greater emphasis on the iterative nature of risk management, noting that new experiences, knowledge and analysis can lead to a revision of process elements, actions and controls at each stage of the process;
    • Streamlining of the content with greater focus on sustaining an open systems model to fit multiple needs and contexts.

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