ISO 3100 Risk Management System
⇒ What is ISO 3100 (Risk Management System)?
Risks affecting organizations can have consequences in terms of economic performance and professional reputation, as well as environmental, safety and societal outcomes. Therefore, managing risk effectively helps organizations to perform well in an environment full of uncertainty.
Benefits of ISO 3100 Standard:
- Supplies facts for the evaluation of performance and results.
- Manages opportunities as well as risks Increase the likelihood of achieving objectives.
- Develop a risk management strategy and contingency plans.
- One integrated system to identify, analyze and evaluate risks.
- Strategic early warning system.
- Minimize the uncertainty of outcomes.
- Ensures the availability of resources, financial and otherwise.