In the realm of standards and certifications, ISO 3000 stands as a noteworthy mention. However, it’s essential to note that as per the available records and norms established by the International Organization for Standardization (ISO), there isn’t an ISO 3000 standard. The ISO series jumps from ISO 27001, which pertains to information security management systems, to ISO 31000, the international standard for risk management. Therefore, it is pivotal to delve deeper into what is widely recognized and utilized in the domain of risk management – ISO 31000.
ISO 31000, established by the International Organization for Standardization, provides guidelines and principles for creating a risk management framework and process. This international standard is applicable to any private or community enterprise, association, group, or individual, and is not specific to any industry or sector. It can be used to manage risk related to the development, management, and implementation of any service, project, or function.
ISO Guide 73, “Risk management vocabulary,” complements ISO 31000 by providing a collection of terms and definitions specifically related to the management of risk.
ISO/IEC 31010, “Risk management – Risk assessment techniques,” is a supporting standard for ISO 31000 and provides guidance on the selection and application of systematic techniques for risk assessment. This standard assists organizations in understanding and prioritizing risks.
Embracing ISO 31000 presents a structured approach to risk management that is essential in the current global landscape where organizations, projects, and operations are constantly subjected to an array of risks.
To achieve certification in ISO 31000, organizations typically navigate through the following steps:
Although ISO 3000 is not recognized, aligning with ISO 31000, organizations should develop a risk management framework that:
Again, reverting to the widely-acknowledged ISO 31000, organizations should consider integrating a risk management system that comprehensively addresses:
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