What is the purpose of ISO 31000?

In today's rapidly and unpredictably evolving world, every organisation - regardless of size or industry - is required to manage inherent risks that either pose threats or create new opportunities.

ISO 31000, according to the International Organization for Standardization (ISO), is an international standard for risk management, which provides principles and guidelines for creating an integrated and efficient management framework.

With ISO 31000, an organization can adopt a systematic approach to the identification, analysis, assessment, management, monitoring and communication of risks, ensuring sustainability, competitiveness and resilience in an ever-changing business environment.

Management Systems Supply Demand

 

 

What is the content of ISO 31000?

ISO 31000 differs from other management system standards as it does not follow the High Level Structure (HLS) applied in ISO 9001, ISO 14001, ISO 39001, ISO 45001, ISO 50001 etc. Instead, it focuses on three main pillars: principles, framework and process of risk management.

A critical element of the standard is the holistic approach to risk management, taking into account both the potential threats and opportunities that may arise for an organisation.

To effectively implement ISO 31000, organisations can make use of the complementary ISO 31010 standard, which includes risk analysis and management techniques. These range from brainstorming to more sophisticated methods such as multi-criteria decision analysis, providing a flexible and powerful tool for enhancing the resilience of organisations.

 

What is the importance of the model?

ISO 31000:2018, published in February 2018, provides guidelines for risk management without including certification requirements. This means that it cannot be used for certification purposes, however any organisation wishing to implement it-regardless of type, size, activity or location-can assess its compliance through an inspection.

We offer an Attestation of Conformity to ISO 31000, instead of an accredited certificate of conformity, providing organisations with a powerful tool for systematic risk identification, analysis and management.

ISO 31000 helps organisations to develop a risk management culture, enhancing the ability of all stakeholders to identify and mitigate the risks they face, while increasing the protection of their assets and the ability to achieve their objectives.

Thus, ISO 31000 provides an organisation with:

• Comprehensive Understanding: promotes a common understanding of risks, their nature and how to manage them across the organisation.
• Strategic Decision-Making: Integrates risk management into governance, strategic planning, business processes and organisational culture.
• Operational Excellence: Helps to identify threats and opportunities in a timely manner, enabling more efficient allocation of resources and enhancing stakeholder confidence.
• Proactive Approach: Equips organisations with tools to prevent and manage risks effectively, turning challenges into strategic advantages.
• Stakeholder Confidence: Strengthens investor, customer and stakeholder confidence by demonstrating the organisation's ability to manage uncertainty and maintain stability.

 

 

What are the next steps?

For organizations wishing to assess their compliance with ISO 31000:2018, we recommend that their executives participate in the open training events we organize periodically.

For more information and the schedule of our seminars, please visit the following link:www.tuv-nord.com/gr/el/ekpaideysi/imerologio-seminarion/

For questions and clarifications, please contact us:

Certification Directorate: Ms. Konstantina Panteliou , tel. 215 215 7462, e-mail: kpanteliou@tuv-nord.com

Training Directorate: Mr. Manthos Zazanis, tel. 215 215 215 7455, e-mail: mzazanis@tuv-nord.com