- ISO 31000:2018 certification is not specific to any industry or sector. It can be used by any organization (public, private or community enterprise, association, group or an individual) no matter what size it is or what it does.
- ISO 31000 certification can be applied to the achievement of any and all types of objectives at all levels and in all areas.
- It can be used by Senior Management who are responsible for managing organizational risks and threats at a leadership/strategic level for making decisions.
- It can be used by the Internal and External auditors responsible for auditing Risk Management Practices.
- Applicable for Lead Auditors responsible for other Management systems.
Benifites:
Successful implementation of ISO 31000 Risk Management System can help organizations to:
- Improve the identification of opportunities and threats
- Enhance the operational effectiveness and efficiency
- Build a reliable basis for decision making and planning
- Increase the possibility of achieving objectives
- Boost proactive management
- Comply with relevant legal and regulatory requirements and international norms
- Improve financial reporting within organization
- Improve governance
- Improve stakeholder confidence and trust
- Effectively allocate and use resources for risk treatment
- Enhance health and safety performance, as well as environmental protection
- Improve loss prevention and incident management
- Minimize losses
- Achieving Objectives in a given time frame
- Easy to identify and treat risks throughout the organization
- Compliance with relevant legal and regulatory requirements and international norms