Since the inception of entrepreneurship, every company and organization operating in the private or public sector has been exposed to risks that can often have detrimental consequences for the organization, its people, equipment, infrastructure, and any segment that constitutes and represents it.
Simply put, every activity of a company or organization carries a certain level of risk, and companies address these risks by attempting to identify, analyze, evaluate, and decide how to manage them in order to bring the risk down to an acceptable level.
The ISO 31000 standard specifically recommends that organizations develop, implement, and continually improve a risk management system aimed at integrating risk management processes throughout the entire organization, including in management processes, strategy and planning, reporting processes, policies, company values, and corporate culture.
ISO 31000 certification is a significant tool for enhancing your business, as well as for considering and adopting methods for managing business processes. Risk identification is crucial when establishing ISO 31000, with particular attention focused on those who will lead the Risk Management System. They must be adequately trained to ensure the system is implemented and certified effectively.