ISO 31000 Risk Management in India
ISO 31000 is an internationally recognized standard for risk management developed by the International Organization for Standardization (ISO). It outlines principles, frameworks, and processes for managing risks that may arise within an organization or for external stakeholders.
Types of Risk Covered
ISO 31000About ISO 31000
ISO 31000 is an internationally recognized standard for risk management developed by the International Organization for Standardization (ISO). It outlines principles, frameworks, and processes for managing risks that may arise within an organization or for external stakeholders.
The standard applies to all types of risk, including strategic, operational, financial, and reputational risks, and applies to organizations of all sizes, complexity, and location.
ISO 31000 emphasizes the importance of developing a risk management culture within an organization, where risk management is integrated into decision-making processes at all levels. The standard also highlights the need for ongoing improvement and periodic review of risk management processes.
At a glance
Does your company need it?
ISO 31000 is a risk management standard applicable to all types of organizations, regardless of their size, industry, or location. Therefore, any organization that wants to manage risks structured and systematically can benefit from implementing ISO 31000.
What ISO 31000 outlines
ISO 31000 outlines principles, frameworks, and processes for managing risks.
Principles
Describe what effective risk management looks like.
Framework
Provides the organizational structure that supports risk management.
Process
Sets out how risks are identified, analysed, treated, monitored and reviewed.
What ISO 31000 delivers
Structured risk management
Helps organizations manage risks in a structured and systematic way.
Risk management culture
Develops a risk management culture within the organization.
Better decisions
Integrates risk management into decision-making processes at all levels.
Ongoing improvement
Encourages ongoing improvement and periodic review of risk management processes.
Regulatory support
Organizations subject to regulatory requirements related to risk management may find ISO 31000 helpful in meeting those requirements.
The ISO 31000 journey, stage by stage
Context and scope
The organization’s context, scope and risk criteria are defined.
Gap assessment
Current risk practices are compared with ISO 31000.
Framework design
A risk management framework, policy and methodology are designed.
Implementation
Risk identification, analysis and treatment are put into practice.
Training
Teams are trained on their risk management responsibilities.
Monitoring and review
Risks and the framework are monitored, reviewed and improved over time.
Who can benefit from ISO 31000?
ISO 31000 is a risk management standard applicable to all types of organizations, regardless of their size, industry, or location. Therefore, any organization that wants to manage risks structured and systematically can benefit from implementing ISO 31000.
Businesses
Organizations that want to manage risks in a structured way.
Non-profit organizations
Non-profits managing organizational risk.
Government agencies
Public bodies managing risk.
Healthcare
Healthcare organizations.
Finance
Financial organizations.
Information technology
IT organizations.
Engineering
Engineering organizations.
Regulated organizations
Organizations subject to regulatory requirements related to risk management.
ISO 31000 in nine markets
Univate Global supports ISO 31000 aligned risk management programmes across nine markets, helping organisations build a structured, enterprise-wide approach to risk.
UAE
Relevant to organisations in UAE that want a structured, internationally recognised approach to identifying, assessing and treating risk.
Saudi Arabia
Relevant to organisations in Saudi Arabia that want a structured, internationally recognised approach to identifying, assessing and treating risk.
Philippines
Relevant to organisations in Philippines that want a structured, internationally recognised approach to identifying, assessing and treating risk.
South Africa
Relevant to organisations in South Africa that want a structured, internationally recognised approach to identifying, assessing and treating risk.
USA
Relevant to organisations in USA that want a structured, internationally recognised approach to identifying, assessing and treating risk.
Singapore
Relevant to organisations in Singapore that want a structured, internationally recognised approach to identifying, assessing and treating risk.
Malaysia
Relevant to organisations in Malaysia that want a structured, internationally recognised approach to identifying, assessing and treating risk.
Vietnam
Relevant to organisations in Vietnam that want a structured, internationally recognised approach to identifying, assessing and treating risk.
India
Relevant to organisations in India that want a structured, internationally recognised approach to identifying, assessing and treating risk.
Why Univate Global for ISO 31000 in India
Univate Global helps organisations design and implement a risk management framework aligned with ISO 31000.
Engagements are scoped to the organisation’s size, industry and risk profile.
EXPERIENCED TEAM
Our consultants support organisations through gap assessment, framework design and implementation.
TAILORED SCOPE
Each engagement is scoped to the risks, functions and objectives that matter to the organisation.
Often taken alongside ISO 31000
ISO 31000 questions we get asked
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