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Enterprise Risk Management – Benefits of ISO 31000:2018

Author

Listed:
  • Dîrvă Anda Simona, Dîrvă Cristian

    (Academia de Studii Economice din Bucureşti, Academia de Studii Economice din Bucureşti)

Abstract

ISO 31000 is a framework developed by risk professionals offering standardized simple guidelines in order to achieve successful risk management policies. Each project is faced with uncertainty and risk. The main challenge is to maintain an acceptable level of risk for the scope of the Project. ISO tools become highly important for an organisation in the pursuit of its objectives.

Suggested Citation

  • Dîrvă Anda Simona, Dîrvă Cristian, 2018. "Enterprise Risk Management – Benefits of ISO 31000:2018," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 03-4.
    • Handle: RePEc:oen:econom:y:2018:i:03-4:id:527
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    More about this item

    Keywords

    corporate culture; risk exposure; ERM; ISO 31000:2018;
    All these keywords.

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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