What is “risk”? Risk is present in everything we do. ISO 31000 helps organizations develop a risk management strategy to effectively identify and mitigate risks, thereby enhancing the likelihood of achieving their objectives and increasing the protection of their assets.
The risk management process shows how risks are managed for a particular scope.
The framework integrates risk management throughout the entire organisation and ensures that information about risks is transparently available to all who need it for decision making. The principles govern risk management in an organisation.
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