ISO 31000 Risk Management
Risks affecting organizations can have consequences in terms of economic performance and professional reputation, as well as environmental, safety and societal outcomes. Therefore, managing risk effectively helps organizations to perform well in an environment full of uncertainty.
ISO 31000:2018 gives a list on how to deal with risk
Avoiding the risk by deciding not to start or continue with the activity that gives rise to the risk
Reduce insurance premiums
Improve safety
culture
Accepting or increasing the risk in order to pursue an opportunity
Becomes integral part of a sustainable strategy
Positive image with customers and stakeholders
Removing the risk
source
Encourage more effective internal and external communication
Enhance reputation for safety and occupational health
Changing the
likelihood
Increased employee awareness and involvement
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