ISO 31000 is an international standard that provides guidelines for risk management. The standard is published by the International Organization for Standardization (ISO), and it is designed to help organizations of all sizes and in all sectors to identify, assess, and manage risks effectively.
ISO 31000 provides a framework for risk management that includes the following elements:
The standard also provides guidance on how to integrate risk management into an organization's decision-making processes, and how to align risk management with the organization's goals and objectives.
By following the guidelines in ISO 31000, organizations can improve their risk management practices and better protect themselves from potential risks and liabilities. The standard is widely used by organizations around the world, and it is recognized as a best practice for risk management.