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Governance, Risk, Audit & Privacy · Intermediate

ISO 31000

International standard providing principles, a framework, and a process for managing any type of risk.

Definition

ISO 31000:2018 offers non-certifiable guidelines applicable to any organization and risk type. Its process includes scope and context, risk assessment (identification, analysis, evaluation), treatment, monitoring and review, communication and consultation, and recording and reporting. ISO/IEC 27005 applies these concepts to information security.

Example

An organization adopts ISO 31000 terminology for its enterprise risk policy.

Exam tip

ISO 31000 is guidance, not certifiable; ISO/IEC 27001 is certifiable.

Related terms