ISO 31000 Risk Management
Streamline your risk management strategies and be at par with the ISO 31000:2018 standard
Streamline your risk management strategies and be at par with the ISO 31000:2018 standard
Published 16 Aug 2021
ISO 31000 risk management is an internationally recognized benchmark that provides guidance, principles, framework, and processes to manage risks in the organization. It can be adopted of any size and industry but is not used for certification purposes. It can be used by the organization to prepare for internal or external risk management audit programmes.
You can use this ISO 31000 Risk Management readiness checklist for your business to find and correct gaps and help build a sound risk management system at par with ISO 31000:2018’s benchmark. You can download this ISO 31000:2018 Risk Management as PDF for free but we do encourage you to try this and the digital risk management templates on the iAuditor app, however, to maximize the benefits of using a powerful app for risk management. This checklist was converted using iAuditor and it focuses on building the framework of risk management as guided by ISO 31000:2018.
Answer each item with “Done,” “To Do,” or “Not Applicable” and you can include your notes as appropriate for each item. Scoring helps determine the stage of readiness and the failed items can help highlight gaps and urge appropriate action. View the sample web report and feel free to download sample ISO 31000 PDF report as well.
The ISO 31000 is the international standard for risk management originally issued in 2009 by the ISO (International Organization for Standardization). It provides a detailed framework for the design, implementation, and maintenance of risk management on a company-wide level. It only aims to be used as a guide to help businesses compare their existing practices with international standards.
In this article we will discuss the following:
An ISO 31000 risk management checklist is a tool used to help organizations in identifying, assessing, and controlling threats to build a sound risk management system. It helps assess the framework for the design, implementation, and maintenance of risk management.
ISO 31000 defines risk as to the effect of uncertainty on objectives. It means that every process has an element of risk that needs to be managed and every result is uncertain. It is defined in goal-oriented terms that provide a conceptual definition of risk.
In 2018, the ISO 31000 risk management standards were revised to allow companies more flexibility in implementing the principles in a way that suits their objectives and goals. Here are the four main updates to ISO 31000:2018:
Learn more about the ISO 31000:2018 risk management standards revisions in this PDF.
ISO risk management focuses on the best practice principles for implementing, maintaining, and improving a framework for risk management. It has five components including:
These components help in providing a clear and universally applicable set of guidelines for risk management.
The latest ISO 31000:2018 Risk Management standard is depicted as a trinity of Principles, Framework, and Processes. These three components come together to ensure:
With ISO 31000:2018’s iterative process to risk management, there will be a need for an organization to continuously report, review, and consider the right action to treat risks. It would be near impossible to successfully implement and sustain the ISO 31000 risk management standard if an organization’s process is heavily dependent on paper-based communication and record keeping.
Implementing the right software and technology is a critical component of any effective risk management system. An effective risk management tool should be intuitive for users to capture data in a timely manner and powerful enough to capture and analyze quality data.
iAuditor by SafetyCulture is a powerful risk management tool that can transform your paper-based risk assessment into powerful mobile applications. Spend less time on paperwork and data-entry and more time identifying and fixing risks. You can get started by downloading from our free collection of customizable risk audit templates below.
This Risk Management Plan Template can help identify the risks and the impact on a project. Assess the likelihood, seriousness, and grade of the risk. Define mitigation strategies and assign tasks to correct individuals. iAuditor automatically records reports that can be easily accessed on one online platform for review. You can customize iAuditor templates, its response sets, and set the scoring to observe trends and see how risks are performing over time.
This risk assessment template allows the ability to add multiple risks found in one assessment. Identify hazard/s involved, select the severity, likelihood and risk rating. Choose the appropriate control measure from the hierarchy of controls and include comments plus photos as supporting evidence. You can conveniently share assessment results with a touch of a button on your mobile device.
Use this hazard identification checklist to assess risks such as noise, manual handling, excavation, etc., at the worksite. Photos can be used as evidence of hazards found. Assign urgent tasks to immediately resolve urgent risks. Enter comments and your providing the overall rating before completing the assessment. Analyze data via the iAuditor platform to consider risks present.
