What is this standard about?
BS 31100:2011 provides practical and specific recommendations on how to implement the key principles of effective risk management as specified in BS ISO 31000 Risk Management. Guidelines.
Who is this standard for?
All types and sizes of organizations interested in managing risk
Governing bodies
Executive management and decision makers in an organization
Risk management professionals
Why should you use this standard?
There is a growing need for organizations to demonstrate to stakeholders that their operations and processes are protected against all forms of risk, particularly since businesses are increasingly held accountable by regulators and society in general.
BS ISO 31100:2011 is a code of practice that offers guidance to help senior managementβs strategic understanding of risk and support decision making that ensures best practice.
It provides practical and specific recommendations on how to implement key principles of a defined risk management process, which can be tailored to different types of businesses and to varying groups within an organization, helping to increase consistency and improve communication.