Effective risk management

As pandemics, natural disasters and cybercrime continue to impact our world, what’s certain is that nothing is certain. Being agile and prepared for any kind of disruption, therefore, are essential business activities. Accordingly, the International Organization for Standardization ISO has published a new handbook to help users fully optimize the value of the International standard ISO 31000.

ISO 31000:2018 – Risk management – A practical guide assists organizations on how to integrate an effective decision-making framework into their governance, leadership and culture through the optimal use of ISO 31000.

The standard itself explains the fundamental concepts and principles of risk management, while describing a framework and outlining processes for identifying and managing risk. This new guide, however, takes it all one step further. It provides expanded information and context to the clauses in ISO 31000, including guidance on developing a plan for integrating risk into an organization’s existing arrangements, communicating with stakeholders, monitoring and reviewing the risk management plan and much more. ISO 31000:2018 – Risk management – A practical guide was developed in collaboration with UNIDO (United Nations Industrial Development Organization), and it can be ordered from the following e-mail address: prodaja@iss.rs