To protect the long-term financial stability and reputation of your organisation, it is important to manage and minimise risks. The ISO 31000:2018 Risk Management Certification scheme provides organisations with a framework and process for managing their risks. LRQA offers its expertise and services to organisations in Dubai and across the UAE to help them implement international standards on managing risks.
Benefits of an ISO 31000:2018 certification
- Competitive edge - ISO 31000:2018 demonstrates to clients your commitment to protecting your organisation against risk.
- Best Practice - ISO 31000:2018 gives you, and your customers, trading partners and other key stakeholders, conﬁdence that you are managing risks against an international benchmark.
- Reduced costs - through careful management of organisational risks, the potential financial impact is also managed and reduced as a result.
What is ISO 31000:2018 certification?
ISO 31000:2018 provides organisations with principles, framework and a process for managing their risks and it can be used regardless of the size or sector of an organisation. As the standard is a set of guidelines, it isn't a certifiable standard, it can be used to guide internal and external audit programmes.
ISO 31000:2018 can be used to compare risk management practices of individual organisations against an international benchmark which provides a solid foundation for management and corporate governance.
How LRQA can help
Whilst ISO 31000:2018 isn't something which we can offer certification against, we can offer a Gap Analysis to any organisation in Dubai, or across UAE, and any GCC country. This allows for the identification of strengths and weaknesses of the processes in place.
Following international standards for managing risk can help ensure an organisation is implementing best practices, particularly in its management and overall operations. The scheme is applicable to any industry and field. Any organisation in Dubai or in any other GCC country can adapt the recommended standards for managing risk and enhance their competitive edge.