ISO 31000:2009 standard is a relatively new document that defines the basic principles of risk management. It can be applied to all types of risks regardless of their nature, possible consequences, and organization’s specifics. 

ISO 31000:2009 is a document aimed at helping organizations develop customized risk management approaches. 

•Enhanced chances of reaching organization’s objectives;

•Increased awareness of possible risks and better chances of their elimination;

•Increased awareness of company opportunities and risks;

•Enhanced financial accountability;

•Enhanced management efficiency;

•Higher consumer and partner confidence;

•Enhanced stability of planning and decision-making;

•Improved control;

•Enhanced ability to distribute and use resources required for risk elimination;

•Enhanced ability to prevent and minimize losses;

•Enhanced corporate stability.

•Documentation required for management system development;

•Analysis of the existing documentation;

•Audit of the company;

•Employees training;

•Certification of the management system according to ISO 31000 standard.