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ISO31000:2018 The Principles of Risk Management

ISO31000:2018 - The Principles of Risk Management Understanding the principles of 'anything' enables us to fully appreciate its purpose. If we don't understand the principles, how would we know when they aren't there? The principles in Clause 4 provide guidance on the characteristics of effective efficient risk management, communicating it's value and explain its intention and purpose. The principles of a foundation for managing risk and should be considered when establishing risk management framework and processes. These principles should enable an organisation to manage the effect of uncertainty on its objectives - ISO31000:2018 Integrated Structured and comprehensive Customised Inclusive Dynamic Best available information Human and cultural factors Continual improvement Hope this video helps Andy ‘Don’t trust it, TEST IT!’ - PCR Global Limited