is a generic risk management standard. It was developed
ISO 31000 2018 was published in
February of 2018 and is the second
ISO 31000 2018 defines a set of guidelines.
They are referred to
4. Risk Management Principles
DEFINITION OF RISK
Since this standard is all about
managing risk, we need to define
ISO’s definition recognizes that all
of us operate in an uncertain world.
Whenever we try to achieve an
objective, we don't always get the
The traditional approach to risk
management combines three elements:
While ISO 31000 defines risk in a
new and unusual way, the old and
SCOPE OF ISO 31000
ISO 31000 2018 can be used by any
organization no matter what
ISO 31000 can be applied to the
achievement of any and all types
However, exactly how you apply ISO
31000 is up to you and will
WHY USE ISO 31000?
When properly implemented and
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Updated on August 8, 2018. First published on August 31, 2010.
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