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ISO 31000:2009

What is ISO 31000?

ISO 31000 2009 is a risk management standard. It provides guidelines and principles for risk management within an organization. The standard creates a structure of a process to manage the risks within any organization.

The standard is set according to the process approach which is defined within the ITIL from the Office of Government Commerce(OGC).


The ISO 31000:2009 is not specific to any industry or sector, it guides both internal and external audits. Because of its global recognition, a large number of organizations from various industries implement this standard to compare their risk management practices.

The standard provides sound principles and framework for effective management of any risks that pop-up within an organization.

ISO 31000 Requirements

TISO 31000 requires multiple steps to be followed to be implemented in the organization. These steps act as a way to get certification for the organization, as these are the primary requirements for the auditing process:

  • Communicate and consult.
  • Establish the context.
  • Identify risk.
  • Analyze risk.
  • Evaluate risk.
  • Treat risk.
  • Monitor and review.

ISO 31000 Training

We at Samarth Consultants provide the training required for the successful implementation of the ISO 31000 standard in an organization. We provide training courses to the staff of the organization as well as the upper management. After successful implementation, the ISO 31000 standard provides the following benefits:

  • Creates value.
  • Becomes an integral part of organizational processes.
  • Becomes a part of decision making.
  • Explicitly addresses uncertainty in the system.
  • Makes the operations systematic, structured and timely.
  • Improves the organization’s business information technology.
  • Takes human and cultural factors into account.
  • Is transparent and inclusive.
  • Is dynamic, iterative and responsive to change.
  • Facilitates continual improvement and enhancement of the organization.

ISO 31000 Certification

The organization is needed to take multiple actions and plan periodic activities to ensure proper implementation of the standard. We help our clients in the implementation of the management system, consultation, gap analysis, documentation, internal audits, and pre and post-assessment audits.

The standard creates a distinct value within the organization. The implementation of it helps the organization in information technology services, health information management technology and many more fields. Because of the certification, the organization has:

  • Objectives are achieved in a given time.
  • Risks are identified and treated throughout the organization.
  • Identification of opportunities and threats.
  • Improved financial reporting.
  • Improved governance.
  • Improved stakeholder confidence and trust.
  • Improved controls.
  • Effectively allocates and uses resources for risk treatment.
  • Improved operational effectiveness and efficiency.
  • Improved loss prevention and incident management.