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ISO 31000:2009 Risk Management
Description
ISO 31000:2009 can be used by any public, private or community enterprise, association, group or individual. Therefore, ISO 31000:2009 is not specific to any industry or sector. The range of relevant activities includes strategies and decisions, operations, processes, functions, projects, products, services and assets. ISO 31000:2009 can be applied to any type of risk of whatever nature, whether having positive or negative consequences.
Applicability
Although ISO 31000:2009 provides generic guidelines, it is not intended to promote uniformity of risk management across organizations. The design and implementation of risk management plans and frameworks will need to take into account the varying needs of a specific organization, its particular objectives, context, structure, operations, processes, functions, projects, products, services, or assets and specific practices employed.
Examples
Advisory firms, heavy manufacturing companies, financial institutions, e.g. (banks, insurance companies, brokerage companies, and others) investment companies etc.
 
 
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