Managing Risks with Excellence: Using the ISO 31000:2018 Standard as a Benchmark for Risk Management

Excelsior understands that each organisation faces unique risks and opportunities. Our ISO consultants collaborate closely with clients to develop a customized risk management framework tailored to their industry, size, and specific organisational objectives. This personalized approach ensures that risk management is not just a compliance exercise but a strategic tool for achieving objectives. We also ensure that risk management is balanced against the need to proactively pursue opportunities. This balanced and holistic approach is what separates Excelsior from the “risk and danger only” consultancy firms our there with tunnel vision thinking.

Identifying and assessing risks are at the core of ISO 31000:2018. Our consultants conduct comprehensive risk assessments, enabling organisations to prioritize risks, allocate resources effectively, and develop risk treatment plans that align with their strategic goals.

ISO 31000:2018 promotes a culture of risk awareness and ownership throughout the organisation. We help organisations foster this culture by conducting risk awareness training, facilitating risk committees, and promoting employee involvement in risk management initiatives. Our aim is to make risk management a part of the organisation's DNA. Imagine a workforce that proactively identifies risks and issues and tackles them with ownership and initiative? Organisations that have developed this kind of culture leave statements like: “well that isn’t my job” in the past. The ISO 31000:2018 framework specifically emphasizes the cyclical nature of risk management. Our consultants assist organisations in implementing continuous improvement processes, ensuring that risk management remains an ongoing and evolving practice.

Our consultants are seasoned professionals with extensive experience in risk management across various industries. They bring a wealth of knowledge in risk assessment methodologies and best practices to provide clients with the insights and assurance they need. We acknowledge that each organisation has its own unique risk profile. Our consultation services are highly adaptable, ensuring they align with the specific risk management needs and objectives of our clients.