ISO 31000 Risk Management Guidelines
Risk management framework based on ISO 31000 — risk policy, register, assessment method and governance (guidance, not certifiable).
- Estimate Cost
- ₹30,000 – ₹1,50,000
- Typical duration
- 30 days
Service overview
- ISO 31000 provides principles and guidelines for managing risk in any organisation
- It covers risk identification, analysis, evaluation, treatment, monitoring and reporting
- It is a guidance standard, so it is implemented to strengthen governance and decision-making rather than for certification
Who needs it? / When is it needed?
- Companies of any size wanting a structured enterprise risk management (ERM) framework.
- Listed companies and boards meeting risk management obligations.
- Organisations facing complex operational, financial or regulatory risks.
What to expect from the WCP Professionals
- Assessment of current risk practices.
- Design of the risk framework, policy and risk appetite.
- Risk registers, heat maps and treatment plans.
- Board and committee reporting formats.
- Training and periodic review.
Key deliverables
- Risk management policy and framework.
- Enterprise risk register and heat map.
- Risk treatment plans.
- Reporting templates.
Standard turnaround time
- Assessment: 2–3 weeks.
- Framework implementation: 1–3 months.
Government fees, timelines & key outcomes
- No government fee.
- ISO 31000 is not certifiable.
- Key outcome: better risk-informed decisions and stronger governance.
Forms & filings involved
- No statutory filings are required.
- Outputs support risk management committee and board reporting under applicable laws.
Documents required
- Organisation structure.
- Business plans.
- Past incident and loss data.
- Existing policies and audit reports.
What we need from you
- Management participation in risk workshops.
- Ownership of the risks identified.
- Periodic review.
Important conditions
- Effectiveness depends on management adopting the framework.
- It does not guarantee the elimination of risks.
Additional information
- Integrates well with ISO 27001, ISO 45001 and ISO 9001.
- Related services: ISO 9001, ISO 27001.
The estimated cost covers indicative professional fees only. Government fees, stamp duty and taxes are payable at actuals.
How it works
- 1. Raise a service enquiry describing your requirement.
- 2. A Relationship Manager reviews it and opens it for bidding.
- 3. Pay into escrow and assign the professional you select.
- 4. Track progress to completion, then accept and release payment.
Frequently asked questions
Can an organisation be certified to ISO 31000?
No. ISO 31000 provides guidelines; organisations can align with it but not be certified.
Who uses ISO 31000?
Boards and management of any organisation building or improving enterprise risk management.
What does an ISO 31000 framework include?
Leadership commitment, a risk policy, a common assessment method, a risk register, treatment plans and regular review.
Is risk management required for listed companies?
Yes. SEBI LODR requires the top listed companies to have a Risk Management Committee and a risk management policy.