ISO 31000:2018 Risk Management – Guidelines
The ISO 31000:2018 Risk Management – Guidelines Standard lays out the structure for risk management, and the development of a Risk Management System. This is achieved through principles, a framework, and a process for managing risk within your organisation. Standard. While ISO 31000:2018 cannot be used for certification purposes, it does provide guidance for Internal or External Audit Programmes, as well as aspects such as Methodology, Assessment, and Treatment Plans.
What is ISO 31000:2018?
Why does an organisation need ISO 31000:2018?
What are the benefits of implementing ISO 31000:2018?
How do I implement ISO 31000:2018 in an organisation?
Why choose WWISE to assist your organisation:
Guideline Conformance Process:
What is ISO 31000:2018?
The Guideline Standard does not dictate any specific formulas but rather provides a framework for the management and control of risks in an organisation at various levels (i.e. strategic/enterprise and operational levels). This Guideline is beneficial and widely used to assist organisations with governance, risk, and compliance activities.
It should be noted that some Certification Bodies provide a Letter of Conformance as an option to verify conformance to the ISO 31000:2018 Risk Management – Guidelines Standard.
Why does an organisation need ISO 31000:2018?
The ISO 31000:2018 Risk Management – Guidelines Standard provides a strategic approach to the management of organisational risk. External and internal factors and influences impacting your organisation cannot be avoided. This methodology is critical when creating and protecting value through risk management – resulting in informed decision-making, structured setting of objectives, and overall performance improvement. The application of these guidelines are suited to all organisations, regardless of type, size, sector, or location.
What are the benefits of implementing ISO 31000:2018?
Advantages arising from the effective implementation of ISO 31000:2018 principles include:
- Explicitly addressing organisational uncertainty, while taking human and cultural factors into account.
- Value creation and protection.
- Stability of business processes, and possible reduction of legal liability.
- Promotion of a safe and secure work environment, for both organisations, employees, and clients.
- Increased awareness and protection from incidents that are harmful to both the organisation and the environment.
- Protects the organisations’ interested parties and assets from possible harm.
- Assistance in the establishment of insurance needs, to enable savings on unnecessary payments.
How do I implement ISO 31000:2018 in an organisation?
ISO Consulting and Implementation:
We have a range of professional Consultants, Engineers, and registered Auditors to assist in implementing and maintaining any ISO Management System. Our industry expertise includes services, telecommunication, manufacturing, construction, engineering services, fast-moving consumer goods, mining, power generation, state-owned companies, and government-run organisations. A good Consultant takes the time to truly understand the processes of your organisation.
Therefore, they can approach the implementation of ISO requirements accordingly. The cost of hiring a Consultant and the time spent to implement your ISO Management System will definitely pay off in the long run.
WWISE has a 4-Phase Approach:
- Phase 1: Gap Analysis Audit and Information Gathering
- Phase 2: ISO Documentation, Risk Assessment, and Process Mapping
- Phase 3: Implementation and Coaching
- Phase 4: Certification
WWISE provides a turnkey solution which includes templates, one-on-one coaching, on-the-job training, and mentorship. As a consulting firm, we do not provide certification services. However, we will guide you through the certification process and ensure that your organisation gets certified.