ISO 31000

The International Organization for Standardization (ISO) has created a comprehensive, flexible framework – ISO 31000 – to help organizations evaluate, implement, and expand effective risk management strategies. ISO 31000 provides guidelines to proactively monitor, identify, analyze, and address risks throughout an organization, and to help ensure that current risk management initiatives are structured, transparent, and dynamic to change. 

In order to successfully leverage the ISO 31000 framework, risk management needs to be an integral part of an organization’s overall governance, risk, and compliance (GRC) activities. Typically, organizations manage and detect risk via a range of point solutions, with no common framework or categorization. This situation prevents the ability to compare, aggregate, and analyze the true extent of organizational risk. By deploying an ISO 31000 framework as part of a trusted GRC solution, organizations gain critical insight into all areas of risk, reduce the potential for unforeseen losses, improve business decision making, and demonstrate good corporate governance.

The NeoGRC ISO 31000 Framework

The NeoGRC ISO 31000 framework provides a single system of record to monitor, identify, and balance risks against corporate objectives, while protecting critical assets. When combined with Neohapsis Information Risk Management (IRM) services, organizations can execute best practices for corporate risk management.

The Neohapsis ISO 31000 solution provides: