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.