NEN-ISO 31000

Figure 1: The risk management steps according to ISO31000.

This international norm provides principles and guidelines for risk management. This international norm can be used by any organization, be it a public or private enterprise, an association, a group or individuals. This norm is therefore not designed for one specific industry. For an organization to become effective in risk management, every layer in the organization is required to follow these principles:

  • Risk management should create and protect value;
  • Risk management should be part of all processes;
  • Risk management should be part of your decision making;
  • Risk management should be used to handle uncertainty;
  • Risk management should be systematic and timely;
  • Risk management should be based on the best data
  • Risk management should be tailored to your environment;
  • Risk management should consider human factors;
  • Risk management should be transparent and inclusive;
  • Risk management should be responsive and iterative;
  • Risk management should support continual improvement.

RISKID satisfies all the above mentioned principles. Additionally, RISKID provides you an easy tool to apply these principles in practice. We think that risk management is primarily about human and cultural factors, and that it should be transparent and not exclude anyone. Those are the critical success factors for effective risk management and we would like to show you how RISKID could be of value to your organization.

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