ISO Consultant Colin says…
“ It has been suggested to me by certification bodies that as all the management system standards are about the management of risk, then the full adoption of this document will negate the need for ISO 9001/14001/18001 etc etc. I can’t see this in the foreseeable future, though the theory is interesting. Disappointingly I note that many organisations have produced guides to its interpretation. I’ve always thought it a bit of a failure if your English is so bad that you have to write a further document to make sure everyone interprets your first in a consistent manner. I suppose that depends whether your mortgage payments come from writing standards and their interpretative documents really. ”
ISO 31000 – What’s It All About?
BS ISO 31000 is the international standard for risk management that contains detailed principles and guidelines to aid organisations with their risk analysis and risk assessments.
Public, private or community enterprises can all benefit from this standard.
The Institute of Risk Management appear to agree with the standard, this certainly supplies gravitas to it.
Improve Business Performance
The long term benefit is the dynamic and iterative nature of the standard which provides a sound opportunity for continual improvement whilst minimising losses.
Adapt to change
Respond to change effectively and protect your business as you grow
Enhance Company Reputation
Improving your management system performance and resilience is likely to lead to a build in stakeholder confidence in relation to your use of risk techniques.
It’s true that most organisations manage risk assessment to some extent, the best practice recommendations in this international standard have been developed to improve management techniques, whilst ensuring security and safety in the workplace at all times.