The international organization for standardization has introduced the ISO 31000 certification which primarily looks into risk management. The main purpose of ISO 31000:2009 is to provide the guidelines and all the principles which revolve around risk management. The international standard has provided a standardised framework for all the companies who are undertaking risk management as a process in their workings. The risk management has become popular lately because it has been very effective in replacing the myriad of existing standards, methodologies and paradigms that differed between industries, subject matters and regions.
The ISO 31000 standard can be applied to any organisation be it large or small, service or product indirect, profitable or non-profitable. The ISO 31000 certification can provide a number of benefits such as:
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