ISO 31000

Risk Management

ISO 31000 : 2009

ISO 22000 is an international standard designed to ensure worldwide safe food supply chains and provide a framework of internationally harmonised requirements for the global approach that is needed.

Description

ISO 31000:2009 can be used by any public, private or community enterprise, association, group or individual. Therefore, ISO 31000:2009 is not specific to any industry or sector. The range of relevant activities includes strategies and decisions, operations, processes, functions, projects, products, services and assets. ISO 31000:2009 can be applied to any type of risk of whatever nature, whether having positive or negative consequences.

Applicability

Although ISO 31000:2009 provides generic guidelines, it is not intended to promote uniformity of risk management across organizations. The design and implementation of risk management plans and frameworks will need to take into account the varying needs of a specific organization, its particular objectives, context, structure, operations, processes, functions, projects, products, services, or assets and specific practices employed.

Examples

Advisory firms, heavy manufacturing companies, financial institutions, e.g. (banks, insurance companies, brokerage companies, and others) investment companies … etc.