External Link: http://www.iso.org/iso/home/standards/iso31000.htm
Publisher: International Organization for Standardization

ISO 31000 explains, "ISO 31000:2009, Risk management – Principles and guidelines, provides principles, framework and a process for managing risk. It can be used by any organization regardless of its size, activity or sector. Using ISO 31000 can help organizations increase the likelihood of achieving objectives, improve the identification of opportunities and threats and effectively allocate and use resources for risk treatment."

Related Components: Component 3: Performance-Based Planning
Related TPM Areas: General