ISO 31000: Risk management
Organisations of all types and sizes face external and internal factors and influences that make it uncertain whether they will achieve their objectives. Managing risk is iterative and assists organisations in setting strategy, achieving goals and making informed decisions.
Managing risk is part of governance and leadership and is fundamental to how the organisation is managed at all levels. Speeki is focused on helping you achieve excellence in managing risk.
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Key elements of a successful ISO 31000 system
We believe ISO 31000 is the best way to manage risk for several reasons.
Leadership has the ultimate accountability for risk
Top management should ensure that risk management is integrated into all activities and demonstrate leadership and commitment by implementing the framework and allocating the necessary resources to manage risk.
Integrating risk into the organisation’s DNA is the right approach
Integrating risk management is a dynamic and iterative process and should be customised to the organisation’s specific needs and culture. Risk management should be a part of the company's purpose, governance, leadership and commitment, strategy, objectives and operations.
Managing risk also includes managing human risk
Managing risk according to ISO 31000 considers the external and internal context of the organisation, including human behaviour and cultural factors. These are essential to understand and appreciate.
Enhanced reputation through managing risk
ISO 31000 certification from Speeki Europe elevates your organisation's reputation as a responsible, ethical and risk-managed company.
ISO 31000: Validating your risk management system and driving continual performance
The purpose of risk management is to create and protect value. Risk management improves performance, encourages innovation and supports the achievement of objectives.
The principles outlined in ISO 31000 provide guidance on the characteristics of effective and efficient risk management, communicating its value and explaining its intention and purpose. The principles are the foundation for managing risk and should be considered when establishing the organisation’s risk management framework and processes. These principles should enable an organisation to manage the effects of uncertainty on its objectives.
Benefits of partnering with Speeki Europe for an ISO 31000 certification
At Speeki Europe, we are dedicated to assisting organisations in elevating their governance, risk and compliance systems through ISO certifications. That is our sole purpose. We do not engage in thousands of certification topics like many certification bodies.
We are experts in our chosen domains and we stick to those domains. Our comprehensive approach and unyielding commitment to excellence empower your business to not only meet but surpass global risk management standards.
Embrace ISO 31000 with a Speeki Europe certification
Speeki Europe, an ANAB and COFRAC* accredited certification body, provides its certification services for ISO 31000 according to the same standards. We are leaders in certification in governance and compliance. That is our domain expertise.
Expertise in ISO 31000 and building global programmes
Speeki Europe's global reach and expertise in compliance and ISO 31000 make us the ideal partner in your compliance journey. Through your certification, you gain access to the wisdom and insights of seasoned professionals in risk management.
All our auditors are experts in identifying and understanding risk
Our secret weapon is our auditors. They are practical, have an expert understanding of risk and are excellent communicators. They add significant value to clients on their certification journey. They are our main value proposition to clients selecting Speeki as their certification partner.
Meet an ISO 31000 expert
Scott describes himself as someone who 'knows a little about a lot of things', which makes him the perfect partner for companies trying to identify and appreciate global risks. With a legal background and having worked and consulted with hundreds of global companies on various projects in over 80 countries, Scott has a unique understanding of risk, including how to find, classify and manage it. His depth of knowledge and experience adds significant value to clients building their risk management certification journey.
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Certify your risk management system according to ISO 31000 in four steps
Many global companies working internationally are acutely aware of their obligations to have a system to manage risk. A set of guidelines published by ISO now speeds up the development and understanding of best practices. Speeki offers certification of risk management systems according to these ISO 31000 guidelines.
Achieve your ISO 31000 certification through a four-step process with Speeki
Choose an ISO 31000 certification body
Selecting an experienced and accredited certification body is crucial. Speeki Europe boasts unrivalled expertise in ISO 31000. With over a decade of experience managing risks across 80 countries for clients, we are the leaders in this domain.
Grasp the ISO 31000 guidelines
The simplicity of ISO 31000 belies the importance of comprehending the guidelines. Speeki Europe, while maintaining an impartial stance, is poised to offer training and practice audits to ensure you are well-acquainted with the ISO 31000 guidelines. We know the guidelines very well and know how to manage audits. We have a host of training through the Speeki Academy to support your continued learning.
Implement your risk management system
With insights into ISO 31000, it’s time for you to implement a risk management system that aligns with the guidelines. Your system will incorporate policies, procedures and controls designed to manage risk. If your organisation already possesses a risk management system, augmenting it to meet ISO 31000 should be a smooth transition.
Validate your ISO 31000 compliance
With a system in place, you're ready to pursue ISO 31000 certification. Speeki Europe will conduct an audit to validate your organisation's compliance with the guidelines. The Speeki Europe certification is valid for three years, involving an extensive audit in the first year and follow-up audits in subsequent years to address any changes.
Get your ISO 31000 certification
If you are successful in the audit, you will be issued a certificate of conformity to ISO 31000 guidelines. This certificate will demonstrate to stakeholders that your organisation is committed to a functioning and effective risk management system. It is the ultimate way to prove the value of your efforts and be rewarded for all your hard work in building an effective system to manage risk.
Business advantages of getting ISO 31000 certified
ISO 31000 certification brings numerous benefits. It establishes the documentation for a risk management system, mitigates potential exposure and maximises opportunities to take advantage of risk. A certification boosts your reputation as a well-managed and responsible organisation that takes appropriate and calculated risks. Gain a competitive edge, enhance transparency and build stakeholder trust through ISO 31000 certification.
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ISO 31000 insights
Explore our articles on risk management
ISO 31000 FAQs
ISO 31000 certification signifies that an organisation has implemented a risk management system that meets international standards. It demonstrates a commitment to managing risk to maximise business effectiveness and performance.
ISO 31000 outlines requirements for establishing, implementing and maintaining a risk management system designed to help organisations manage risk in a structured way.
The cost of ISO 31000 certification varies depending on factors such as the size of the organisation, the complexity of operations and the certification body. We can get you a quote so you can start budgeting.
ISO 31000 is applied to establish policies, procedures and systems for risk management. Prevent missing risks that could severely impact your business or prevent risks that have been inadequately managed.
Risk is defined as the effect of uncertainty on objectives. Risk management is a coordinated activity to direct and control an organisation regarding risk. It aims to remove or manage that uncertainty.
The purpose of risk management is the creation and protection of value. It improves performance, encourages innovation and supports the achievement of objectives.
Risk management systems can be corporate-driven or distributed. It is up to you to build the structure that works for you. The standard is entirely flexible. ‘Architect globally but implement locally’ is a common approach to managing a global risk programme.
The principles of ISO 31000 provide guidance on the characteristics of effective and efficient risk management, communicating its value and explaining its intention and purpose. The principles are the foundation for managing risk and should be considered when establishing the organisation’s risk management framework and processes.
ISO 31000 is not mandatory but is highly recommended for organisations seeking to establish a robust risk management framework. It's a globally recognised set of guidelines that enhances reputation and builds trust.
Top management and oversight bodies, where applicable, should demonstrate and articulate their continual commitment to risk management through a policy, a statement or other forms that clearly convey an organisation’s objectives and commitment to risk management.
The key benefit is understanding risk and being able to proactively treat risk with an iterative process of formulating and selecting risk treatment options.
Absolutely! ISO 31000 is suitable for organisations of any size. Small businesses can equally benefit from enhanced reputation, compliance and trust from stakeholders by adopting these guidelines.
Yes, ISO 31000 is a global standard for risk management systems and is recognised and respected worldwide. It helps organisations align with international best practices in managing risk.
Choose a certification body with experience in ISO 31000. Evaluate their credentials and the expertise of their lead auditors very carefully.
ISO 31000 certification is maintained through continual improvement, regular internal audits and periodic surveillance audits by the certification body to ensure ongoing compliance with the guidelines.
The timeframe for ISO 31000 certification varies depending on the size and complexity of the organisation, but it typically takes one or two months from the initial steps to the final certification.
Without a risk management system, organisations are more vulnerable to not hearing about risks until it is too late. It is far more economical to hear about issues early and be able to treat them before major issues arise.
Implementing ISO 31000 involves top management, legal, finance, the board and all senior employees to ensure a comprehensive approach.
Start your ISO 31000 journey with Speeki Europe
