For organisations to be competitive, successful and to
sustain its business for the future, many aspects of a business needs to be addressed
including value adding products & services, effective & efficient
processes, and also to ensure unexpected risks are not negatively impacting the
organisation. In other words, the organisation needs to ensure that it has a
“Risk Management Program” in place. This is where the ISO 31000 Risk Management
standards Guideline come in.
ISO 31000
not only ensured that an organization addresses operational risks (through
continuity plans) but also provides a level of re-assurance in terms of
economical resilience, reputation and even environmental & safety risks. In
today’s global market (as seen with the COVID-19 epidemic) , organizations needs
to ensure that its risk plans are effectively in place to manage the various
risks effecting the organization on a daily bases.
Why ISO 3100?
The ISO 31000, Risk
management – Guidelines, will provide the organisation with:
·
Principles, a framework and a process for managing
risk
·
Guiding the
organisation through the implementation of a Risk Management system
·
This can help the organisation
·
Can help organizations increase the likelihood of
achieving objectives
·
Improving
the identification of opportunities and threats and
·
Effectively allocate and use resources for risk
mitigation and controls.
Can you get certified to ISO 31000?
The answer
is no! ISO 31000 cannot be used for certification purposes, but will only
demonstrate that the organization has achieved and implemented an enterprise wide
risk management process. The standard however, will provide guidance for
internal & external audit programmes.
So where to start?
Contact the SAQI team to guide you in the right direction. SAQI has built a relationship with various service providers and knowledge partners, who can help you on your journey to success.
Contact the SAQI office on info@saqi.co.za