ISO
31000 designed to help organizations do are-
·
Increase
the likelihood of achieving objectives.
·
Encourage
proactive management.
·
Be
aware of the need to identify and treat risk throughout the organization.
·
Improve
the identification of opportunities and threats.
·
Comply
with relevant legal and regulatory requirements and international norms.
·
Improve
financial reporting.
·
Improve
governance.
·
Improve
stakeholder confidence and trust.
·
Establish
a reliable basis for decision making and planning.
·
Improve
controls.
·
Effectively
allocate and use resources for risk treatment.
·
Improve
operational effectiveness and efficiency.
·
Enhance
health and safety performance, as well as environmental protection.
·
Improve
loss prevention and incident management.
·
Minimize
losses.
·
Improve
organizational learning.
·
Improve
organizational resilience.
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