ISO 31000

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ISO 31000 is an international standard that provides principles and guidelines for risk management. It outlines a comprehensive approach to identifying, analyzing, evaluating, treating, monitoring and communicating risks across an organization.^[1]

The goal of these standards is to provide a consistent vocabulary and methodology for assessing and managing risk, addressing long-standing ambiguities and inconsistencies in how risk has traditionally been defined and described. They are designed to be compatible with and integrated into existing management systems, supporting a unified and systematic approach to risk across all organizational functions.