Standards Development

Scope

This British Standard gives recommendations for implementing the principles and guidelines in BS ISO 31000:2018 including the risk management framework and process. It provides a basis for understanding, developing, implementing and maintaining proportionate and effective risk management throughout an organization, to enhance the organization’s likelihood of achieving its objectives.

This British Standard is intended for use by anyone with responsibility for, or involved in, any of the following:

a) ensuring an organization achieves its objectives and enhances decision-making;
b) ensuring risks are proactively managed in specific areas or activities;
c) overseeing risk management in an organization;
d) providing assurance about the effectiveness of an organization’s risk management; and/or
e) reporting to stakeholders, e.g. through disclosures in annual financial statements, corporate governance reports and corporate social responsibility reports.

Purpose

To revise BS31100