The ISO 31000:2018 standard (the Russian Federation has adopted a standard that is identical to the international standard) describes the guiding principles, structure and process of risk management and helps organizations to effectively manage risk to minimize losses while achieving the goals of effective and sustainable business. The standard is applied to all types of activities including planning, management operations and communication processes.
The main objective of ISO 31000:2018 is to establish and continuously improve a risk management system based on a standard model, considering a wide range of risks, from cybersecurity to terrorism. The implementation of ISO 31000:2018 enables organizations to manage uncertainty in achieving objectives, reduce the likelihood of negative events and increase the chances to fulfill the assigned tasks.
The implementation of the ISO 31000:2018 standard provides the opportunity to adapt the risk management strategy and align the processes in the organization so that they are aimed at continuous improvement of operations quality resulting in quality enhancement of the product or service.
The ISO 31000:2018 Certificate of Conformity allows public, private and social firms to demonstrate to stakeholders the existence of effective organizational management aimed at addressing the uncertainty inherent in their activities, as well as minimizing losses and unforeseen expenses, increasing the likelihood of effective implementation of plans, building sustainability.
The ISO 31000:2018 certification is required for companies in all areas of activities, but it is especially important for organizations having a high risk level: financial, insurance, leasing companies, organizations working in real estate and leasing areas, as well as organizations implementing complex design solutions.
Turn risks into benefits with ISO 31000:2018!