When the ISO 31000 Risk Management System Standard is implemented and maintained in harmony, risk management enables an organization to:
- increase the likelihood of achieving the objectives;
- to promote proactive management;
- be aware of the need to identify and process risk throughout the organization;
- improve the identification of opportunities and threats;
- comply with relevant legal and regulatory requirements and international norms;
- improve mandatory and voluntary reporting;
- improve management;
- to ensure the trust and trust of shareholders;
- to provide a reliable basis for decision-making and planning;
- improving controls;
- effectively allocate and use resources for risk processing;
- improve operational efficiency and efficiency;
- improving health and safety performance as well as environmental protection;
- improve damage prevention and incident management;
- minimize damage;
- improving organizational learning;
- improve organizational flexibility.
