Risk Management Guidelines Certification
In an ever-changing business environment, uncertainty can significantly impact objectives. ISO 31000:2018 provides a globally recognized framework for managing risks effectively. By adopting this standard, organizations can anticipate threats, seize opportunities, and strengthen resilience in a competitive market.
At Veridix Consulting, we specialize in helping organizations integrate ISO 31000 principles into their strategy, operations, and culture to build robust risk management practices.
ISO 31000:2018 is the international standard that offers guidelines for risk management. It is not a certifiable standard, but rather a comprehensive reference that provides principles, a framework, and a process to manage risk.
Key aspects include:
Principles for effective risk management
A framework to integrate risk into organisational processes
A structured, iterative process for identifying, analysing, evaluating, treating, monitoring, and communicating risks
The 2018 revision simplifies language, emphasises leadership and culture, and makes risk management more adaptable to diverse industries and organisations.
Implementing ISO 31000:2018 brings a wide range of benefits:
To embed risk management effectively, organisations should:
Demonstrate leadership commitment and accountability
Integrate risk management into governance and planning
Design policies and criteria aligned with objectives
Allocate resources and establish roles
Monitor, evaluate, and improve the framework continuously
The risk management process includes:
Establishing the context
Risk identification
Risk analysis
Risk evaluation
Risk treatment
Monitoring and review
Communication and consultation
Risk is defined as the effect of uncertainty on objectives, which can be positive, negative, or both.
No, ISO 31000 is a guideline and not a certifiable standard, but organisations can benchmark their practices against it.
Any organisation, regardless of size or sector, that wants to manage risks systematically and improve decision-making.
The 2018 update simplified language, emphasised leadership and culture, and improved integration with decision-making processes.
The timeframe varies but generally takes several months to a year, depending on organisational complexity and resources.
Yes, it can be integrated with standards like ISO 9001, ISO 27001, and ISO 22301 for a comprehensive management approach.
Common challenges include lack of leadership support, resistance to change, inadequate data, and over-complication of processes.
We provide tailored strategies, expert guidance, and ongoing support to embed risk management effectively and sustainably.
Evaluating your current system against ISO 31000 requirements
Creating policies, manuals, and SOPs aligned with the standard
Awareness, Internal Auditor, and implementation workshops for your team
Practical guidance to roll out QMS processes effectively
Mock audits and readiness checks before the certification body arrives
Helping you align ISO 31000 with other standards for efficiency
How Veridix Guides You
Gap analysis and roadmap creation
Drafting and aligning QMS documentation
Deploying processes with staff engagement
Training, mock audits, and management review
Assisting during external certification audits