ISO 31000 Framework: Enterprise Risk Management Framework
The ISO 31000 framework provides a comprehensive structure to design, implement, maintain and improve organizational risk management capabilities.
Key Takeaways
- ✓ISO 31000 provides a flexible risk management framework.
- ✓It connects governance, strategy and operations.
- ✓It applies to organizations of all industries.
- ✓It promotes continuous improvement.
- ✓It is not a certification standard.
ISO 31000 Framework: Enterprise Risk Management Framework
Executive Summary
The ISO 31000 Framework is the international reference model for establishing mature organizational risk management capabilities.
The framework enables organizations to integrate risk management into:
- business strategy;
- corporate governance;
- operational processes;
- projects;
- decision-making;
- continuous improvement.
ISO 31000 is not a certification standard. It provides flexible guidelines that can be adapted to organizations of any size, industry, or complexity.
What is the ISO 31000 Framework?
The ISO 31000 Framework defines how an organization should establish, implement, evaluate, and continuously improve its risk management system.
It is structured around three fundamental components:
| Component | Purpose |
|---|---|
| Principles | Define characteristics of effective risk management |
| Framework | Integrate risk management into the organization |
Related topics
Frequently asked questions
What is the ISO 31000 Framework?
It is the structure defined by ISO 31000 to establish and improve organizational risk management capabilities.
Can ISO 31000 be certified?
No. ISO 31000 provides guidance and principles instead of certification requirements.
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