Risk is the effect of uncertainty on targets. It is also the sum of anticipated hazard and its occurrence probabilities. When it occurs from a business perspective, loss of time can result in material and moral damage. ISO 31000 Risk Management Standard is an international risk management standard written by the iISO organization for businesses, which can be applied to all organizations regardless of their sector and size. This standard, which can be applied in industry and all kinds of service sectors, manages all areas and all objectives of the business from a different perspective, just like all other standards. In order to apply this standard, we can easily use the approaches that we take as basis in other standards. Organizations of all types and sizes are faced with internal and external factors and influences that create uncertainty as to whether they will achieve their goals. This uncertainty over an organization's goals is called risk. All activities of each organization involve a risk. Organizations manage risk by identifying and analyzing risk and then evaluating whether it is necessary to reduce risk through risk processing within the framework of risk criteria. During this process, organizations communicate and consult with shareholders; They monitor and review controls that reduce risk and risk to make sure no further risk handling is required. ISO 31000 Risk Management System Standard describes this systematic and logical process in detail.
While all organizations provide some degree of risk management, the ISO 31000 Risk Management System Standard specifies a set of principles that must be followed to make risk management effective. The ISO 31000 Risk Management System Standard recommends that organizations develop a framework whose aim is to integrate the risk management process with the entire management, strategy and planning of the company, management, reporting process, policies, values and culture, put into effect and continuously improve this framework. Risk management can be applied to the whole organization, in many areas of the organization, at any time, and can also be applied to specific functions, projects and activities. Although the practice of risk management has been developed over time in many sectors to meet various needs, adopting appropriate processes within a comprehensive framework helps ensure that risk is managed effectively, efficiently and in a connected manner throughout the organization. The general approach defined in the ISO 31000 Risk Management System Standard provides principles and guidelines for managing any risk systematically, clearly and reliably, in any scope and context. Each sector or risk management application brings with it individual needs, target audiences, perceptions and criteria. Therefore, the main feature of the ISO 31000 Risk Management System Standard is to include “building context as an activity at the beginning of this general risk management process. Setting the context will show the organization's goals, the environment in which to pursue those goals, its stakeholders, and the variety of risk criteria, all of which will help uncover and assess the nature and complexity of risks.
Risk for businesses is not a matter to be ignored. Many organizations have already taken measures against various risks. It has prepared its existing business processes, procedures, implementation instructions, job descriptions and possible risks and is prepared for risk. Each organization has adopted a different risk management process for different risk situations. Over time, risk management has been developed to meet various needs in different sectors. However, a need arose in order to carry out these studies in an order and system and not to overlook important points. The search for risk management within a comprehensive framework, adoption of appropriate processes, and the effective and efficient management of risk throughout the organization have started. The ISO 2009 Enterprise Risk Management System standards, prepared by the International Standards Organization and published in 31000, provide guidance to organizations to prepare this systematic structure. It is easier and healthier to establish risk management principles in an organization and to prepare the necessary infrastructure for accurate risk analysis and risk impact analysis thanks to ISO 31000 standards.
