ISO31000:2018 standard translation

The ISO31000:2018 standard provides guidelines on risk management for organizations. Application of these guidelines can be customized for each organization and context.

The ISO31000:2018 standard provides a common approach to managing any type of risk and is not industry or sector specific.

The ISO31000:2018 standard can be used throughout the life of the organization and can be applied to any activity, including decision-making at all levels.

According to the definition of the ISO31000:2018 standard, risk means “the effect of uncertainty on objectives” and risk management means “coordinated activities to guide and control an organization according to risk”.

When we talk about a good RISK MANAGEMENT by the CEO of an organization, it means that that person can lead, organize, plan, monitor and control the organization well despite the risks that exist in the organization.

So it is better to use a better combination: Management “in” risk

RISK MANAGEMENT requires that the activities and processes of the organization are carried out in such a way that their efficiency and effectiveness are at an acceptable level.

The importance and benefits of implementing risk management

By implementing a risk management program and considering various potential risks or events before they occur, an organization can save money and protect its future. This is because a strong risk management program helps an organization develop ways to prevent potential threats, minimize their impact if they occur, and deal with the consequences. This ability to understand and control risk enables organizations to be more confident in their business decisions. Additionally, strong corporate governance principles that specifically focus on risk management can help an organization achieve its goals.