Practical sheet | REF: FIC0448 V1

Understanding ISO 31000 – Risk management – Guidelines

Author: Olec KOVALEVSKY

Publication date: June 10, 2023 | Lire en français

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    2. Defining the organizational framework

    In ISO 31000, the organizational framework for risk management is designed to enable the organization to apply the guiding principles set out above.

    The organizational framework encompasses the leadership, integration, design, implementation, evaluation and improvement of risk management within the organization.

    2.1 Leadership and commitment

    As with any organization-wide approach, management commitment is essential if the approach is to be adopted at all levels of the organization. The risk management policy and objectives need to be defined and communicated, while ensuring that they are in line with the organization's overall strategic objectives.

    In addition, management defines responsibilities at all levels,...

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