ISO 31000 Risk Management: Managing risk effectively helps organizations to perform well in an environment full of uncertainty. Risks affecting organisations can have consequences in terms of economic performance and professional reputation, as well as environmental, safety and societal outcomes.
Reference Definition by 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.
Related Definitions in the Project: The Project Management; Risk Management
