ISO 31000:2018 provides guidelines on managing risk faced by organizations. The application of these guidelines can be customized to any organization and its context. ISO 31000:2018 provides a common approach to managing any type of risk and is not industry or sector specific. ISO 31000:2018 can be used throughout the life of the organization and can be applied to any activity, including decision-making at all levels.
Few of the benefits of implementing RMS include
A proven Risk Management System development and implementation approach should be used based on project management methodologies. A structured approach should be used for defining project plans, specific responsibilities and verification of results. The result will be a development and implementation strategy that is more efficient and provides for first time compliance or registration to the ISO 31000 requirements.
Following phases are involved in development and implementation of an effective Risk Management System
Best practices and depth of knowledge and experience significantly impacts the RMS design and ability to meet the organizations’ business goals. An experienced consultant helps your organization live and own the RMS and operate it at its optimal level.
Following can be some of the benefits of having and experienced consultant for development of management system