Organisations that manage risks effectively are more likely to protect themselves and succeed in growing their business. The challenge for any business is to integrate good practice into their day-to-day operations and apply it to the wider aspects of their organisational practice.
BS ISO 31000 is the international standard for risk management. What is risk management? By providing comprehensive principles and guidelines, this standard helps organisations with their risk analysis and risk assessments. Whether you work in a public, private or community enterprise, you can benefit from BS ISO 31000, because it applies to most business activities including planning, management operations and communication processes. Whilst all organisations manage risk to some extent, this international standard’s best-practice recommendations were developed to improve management techniques and ensure safety and security in the workplace at all times. We called this enterprise risk management.
By implementing the principles and guidelines of BS ISO 31000 in your organisation, you’ll be able to implement enterprise risk management and improve operational efficiency, governance and stakeholder confidence, while minimising losses. This international standard also helps you to boost health and safety performance, establish a strong foundation for decision making and encourage proactive management in all areas.