The Risk Management Process

AS/NZS ISO 31000:2018 is an International Standard that provides principles and generic guidelines on risk management. It is designed for use by any public, private or community enterprise, association, group or individual. 

AS/NZS ISO 31000:2018 details a standard risk management process. The following eight steps in the risk management process are described in following topics.

Steps of the Risk Management Process are:

  • Communicate and consult.
  • Establish the context.
  • Identify the risks.
  • Analyze the risks.
  • Evaluate the risks.
  • Treat the risks.
  • Monitor and review.
  • Recording and reporting.
Scroll to Top