This guide provides a brief commentary on ISO 31000: ‘Risk management – Principles and guidelines’ and advice on the implementation of an enterprise risk management initiative.

In the wake of recent financial crises risk management is an increasingly important business driver and stakeholders have become much more concerned about risk.

It is imperative for an organisation to understand the risks it is taking in order to effectively develop its business strategy. Effective risk management helps to improve operational processes and future planning.