ISO 31000 specifies principles and guidelines for risk management to identify, assess, and reduce risks encountered by organizations. It recommends developing, implementing, and continuously improving a risk management framework integrated into the governance, strategy, planning, management, reporting, policies, values, and culture of the organization. This framework applies to all types of organizations and risks, and helps protect financial stability and reputation.
Specific objectives:
- Understand the approaches, methods, and techniques used to manage risks within an organization
- Learn to interpret ISO 31000 recommendations for designing and implementing a risk management framework