Unlike standards like ISO 27001 or ISO 9001, ISO 31000 doesn’t have a certification process, so there’s no validity period associated with it. If you have an ISO 31000 document, it remains valid as a reference until the standard receives an update or revision. Always ensure you have the latest version if you’re using it as a basis for your risk management processes. If you’re referring to a professional certification for an individual, you would need to check with the certifying body for any recertification requirements.
ISO 31000:2018
Risk Management Excellence
Welcome to ISO 31000:2018 – the globally recognised standard for Risk Management. This comprehensive framework provides businesses with invaluable guidelines and principles to effectively identify, assess, and manage risks. At Compliancy Group, we are your partners in implementing ISO 31000, offering you the tools and expertise to build a resilient risk management system that empowers informed decisions in the face of uncertainty.
What is ISO 31000?
ISO 31000:2018 stands as the cornerstone of effective risk management. It equips businesses of all sizes and industries with the means to cultivate a robust risk management system. With ISO 31000, you gain the ability to proactively navigate risks, enhancing your overall resilience. This internationally recognised standard ensures that you can confidently address uncertainty and make well-informed decisions.
ISO 31000 Certification
Becoming certified with ISO 31000 is a testament to your commitment to a systematic and proactive approach to risk management. Our certification process involves a comprehensive assessment of your risk management practices, providing you with invaluable insights and opportunities for improvement. With ISO 31000 certification, you instil confidence in stakeholders, clients, and partners, setting your business apart as a leader in risk management excellence.
Why Choose COMPLIANCY Group for ISO 3834 Certification?
At Compliancy Group, our ISO 31000 consultants are your dedicated partners in achieving full compliance with ISO 31000 standards for risk management. We ensure a seamless process for third-party certification and ISO accreditations, leveraging our exclusive collaboration with UKAS-accredited certification bodies.
Our ISO Consultants are highly skilled and possess extensive experience in interpreting and implementing the ISO 31000 standard. They are deeply committed to delivering professional and customer-centric services, guiding you to ensure that your risk management system fully aligns with ISO 31000 requirements.
With Compliancy Group, you can anticipate a comprehensive solution that guarantees your compliance with ISO 31000, fostering a secure and risk-resilient environment for your operations – we will make sure:
- Customised Solutions We understand that every business is unique, and we adapt our services to meet your specific requirements.
- Meticulous Risk Assessment We initiate the journey with a thorough risk assessment, pinpointing potential risks and vulnerabilities within your organisation’s operations.
- Designed to Adhere Our strategies are designed to adhere to ISO 31000 standards, ensuring comprehensive risk management.
Benefits of ISO 31000:2018 Certification
Structured Risk Management
ISO 31000 provides a clear and comprehensive framework for identifying, assessing, and managing risks across the organisation. This ensures that risks are handled systematically and consistently, making decision-making more informed and reliable.
Enhanced Decision Making
By providing guidelines on structured risk assessment and prioritisation, ISO 31000 empowers organisations to make decisions that align with their strategic objectives and risk appetite. This clarity in decision-making can lead to better allocation of resources, more successful project outcomes, and improved overall performance.
Stakeholder Confidence and Trust
Demonstrating adherence to ISO 31000 can bolster stakeholder confidence, as it shows the organisation's commitment to managing uncertainties effectively. This increased trust can lead to better relationships with shareholders, customers, regulators, and other stakeholders, potentially opening up new business opportunities and partnerships.
Our Process
The journey to ISO 9001:2015 compliance involves nine key steps. It starts with a Gap Analysis, followed by a Kick-off Meeting. Next, we build your tailored Quality Management System (QMS) and conduct a Stage One Audit. We focus on integrating the QMS into your organisation and perform Internal Audits, followed by Management Reviews. A Pre-Audit precedes the final Stage Two Certification Audit, leading to official ISO 9001 certification. These steps enhance your quality and competitiveness.
Contact Compliancy Group today and let us help you embark on a path towards ISO 9001:2015 compliance, enhancing your organisation’s quality management system and overall success.
Frequently Asked Questions
What is ISO 31000:2018?
ISO 31000 is an international standard that provides guidelines and principles for creating a risk management framework and process. It offers a common approach to manage any type of risk and is not specific to any industry or sector.
What are the 8 principles of ISO 31000?
The ISO 31000 standard is built upon the following eight principles:
- Integrated: Risk management is an integral part of organizational processes.
- Structured and Comprehensive: A structured and comprehensive approach provides a reliable risk assessment.
- Customized: The risk management framework and process must be customized to the organization’s external and internal context.
- Inclusive: Appropriate and timely involvement of stakeholders allows the identification of a wide range of risks.
- Dynamic: Risks can emerge, change, or disappear as an organization’s external and internal context changes.
- Best Available Information: Decision-making reflects the knowledge and understanding of the risk, the limitations of this knowledge, and the concerns of stakeholders.
- Human and Cultural Factors: Recognize and address the human and cultural factors that influence all aspects of risk management.
- Continuous Improvement: Continuously enhance the framework through learning and experience.
What are the main sections of ISO 31000?
The main sections of ISO 31000 include:
- Introduction: Explains the fundamental concepts behind risk and risk management.
- Principles: The eight principles upon which effective risk management is built.
- Framework: Provides guidelines on designing a risk management framework tailored to the organization.
- Process: Describes the structured process of managing risk, from identification to monitoring and review.
What is the difference between ISO 27001 and ISO 31000?
- ISO 27001 is specific to information security management systems. It provides a systematic approach to managing sensitive company information and ensuring its confidentiality, integrity, and availability.
- ISO 31000, on the other hand, provides guidelines for risk management across any domain. It’s a general framework and process for managing all types of risks, not just those related to information security.
How do I become ISO 31000 Verified?
ISO 31000 provides guidelines for risk management, but unlike some other standards, there isn’t a formal certification or verification for organizations. However, you can have professionals trained and certified in ISO 31000 risk management principles and guidelines. Many organizations use ISO 31000 as a guide to developing their risk management practices and then demonstrate adherence to its principles.
