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ISO 31000 risk assessment template

About the ISO 31000 risk assessment template

ISO 31000 is a risk management standard that provides guidance and tools to help organizations identify, manage and communicate risk. It helps prioritize risks, optimize resources and ensure that risk strategies are aligned with organizational objectives. This ISO 31000 risk assessment template provides a framework to carry out a gap analysis of an organization’s risk management processes.

Apply the best practices in risk management for your organization

The ISO 31000 risk management template is a comprehensive list of key steps and processes for effective risk management. It supports organizations in staying aligned with best practices and standards.

The benefits of using the ISO 31000 Risk Management Checklist include improved risk management, increased transparency and accountability, and a clear understanding of the risk management process. With the checklist, organizations can identify areas of improvement, reduce potential losses, and increase the potential for profits.

The template is based on the International Standard for Risk Management, ISO 31000:2018. The ISO 31000:2018 Standard provides a set of principles and a process for managing risk.

How to use the ISO 31000 risk assessment template

Whether you’re conducting a gap analysis, improving current practices, or training your team, this template provides the structure to keep everything on track. Here’s how to make the most of it:

Customize the template for your organization. The checklist is editable within the Lumiform app, so you can adapt it to your unique requirements. Add sections or adjust fields to reflect the risks specific to your industry or operation.
Assign roles and responsibilities. Use the app to define who is responsible for each step in the risk management process. This ensures accountability and clarifies how tasks flow between team members.
Evaluate your current risk management practices. Use the checklist to review your existing processes. You can identify strengths, weaknesses, and gaps with it, focusing on how well they align with ISO 31000 principles.
Incorporate into daily operations. Whether assessing risks in a construction site or reviewing procedures in a warehouse, the checklist provides a consistent framework for decision-making.
Track progress and refine strategies. With Lumiform’s analytics tools, monitor how risks are identified, assessed, and treated. Leverage data to continually improve your framework and ensure alignment with ISO 31000.

Download Lumiform’s ISO 31000 risk assessment template today

Ready to streamline your approach to risk management? This checklist is designed to make assessing and addressing risks easier than ever. From assigning roles to tracking progress, it keeps your team aligned and proactive at every stage. By using this template, you gain a powerful tool to prioritize actions, organize tasks, and spot improvement opportunities.

Related categories

Preview of the template

Framework for Risk Management

Create a framework for risk management

Ask stakeholders to support the creation of frameworks.

Ask top management to support the creation of frameworks.

Evaluate existing risk management practices and processes.

Identify gaps in risk management practices and processes.

Create frameworks that address gaps in existing practices and processes.

Consider how to build risk management into all decision-making activities.

Consider how you will develop risk management frameworks.

Create frameworks that meet the unique needs of your organization.

Consider how you will close gaps in your existing practices and processes.

Consider how you will make risk management a part of your organization.

Consider how you will improve the risk management framework.

Consider how you will shape the risk management framework.

Consider how you will integrate risk management into all key functions.

Think about how you build risk management into all administrative functions.

Consider how you will integrate risk management into all key activities of your organization.

Consider how you implement the risk management framework.

Consider how you will evaluate the risk management framework.

Commit executives & top management to risk management

Executives

Ask executives to commit to risk management.

Ask them to align risk management with voluntary commitments.

Ask them to align risk management with the culture of the organization.

Ask them to support the risk management framework.

Ask them to align risk management with organizational goals.

Ask them to align risk management with the organization's strategy.

Ask them to be accountable for monitoring risk management.

Ask them to ensure that risk management is integrated into all activities.

Ask them to align risk management with organizational commitments.

Ask them to ensure that risks are communicated throughout the organization.

Ask them to ensure that employees are trained in risk management methods.

Ask them to communicate the value of risk management.

Ask them to communicate the value of risk management to stakeholders.

Ask them to ensure that risks are understood throughout the organization.

Ask them to communicate the value of risk management to the business.

Ask them to ensure that risk management systems are implemented.

Ask them to ensure that risk management systems are operating effectively.

Ask them to ensure that risk is properly managed in achieving objectives.

Ask them to ensure that risk is properly assessed when setting targets.

Top Management

Ask top management to commit to risk management.

Ask top management to align risk management with the organization's objectives.

Ask top management to align risk management with the organization's strategy.

Ask them to align risk management with organizational commitments.

Ask them to align risk management with the organization's culture.

Create a Sense of Responsibility for Risk Management among Staff

Ask everyone in your company to be responsible for managing risk.

Make risk management a fundamental part of your company's culture.

Ask your governance staff to be responsible for managing risk.

Ask them to be accountable for making it part of the company's strategy.

Ask them to be accountable for making risk management a part of governance.

Ask them to be accountable for making it part of the company's direction.

Ask them to make management responsible for performing risk management.

Ask them to be accountable for making it part of the company's purpose.

Ask them to be accountable for making risk management part of management.

Ask your management staff to be responsible for managing risk.

Ask them to make risk management part of the business's operations.

Ask them to make risk management part of the business's objectives.

Ask them to make risk management part of the company's roles.

Ask them to make risk management part of the company's practices.

Ask them to be accountable for making risk management part of management.

Ask them to make risk management a section of the organisation's policies.

Ask them to make risk management part of the company's processes.

Ask them to make risk management part of the company's rules.

Ask your rank-and-file staff to be accountable for managing risk.

Ensure that your organisation's methods are agreeable with its culture.

Use iterative ways to build risk management into your business.

Ensure that your iterative methods meet your organisation's requirements.

Design your organisation's unique risk management framework

Think about your context when you develop your framework

Review and understand your company’s external context.

Think about your organisation’s context as you design your framework.

Think about external impacts during framework design.

Review and understand external stakeholder expectations.

Review and understand external stakeholder relationships.

Think about external stakeholders throughout the framework design.

Review and understand external stakeholder values.

Review and understand external stakeholder opinions.

Review and understand external stakeholder requirements.

Confirmation

Further comments and observations:

Time frame

Full name and signature:

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Frequently asked questions

What is the main purpose of ISO 31000 risk management?

The main purpose of ISO 31000 is to create a consistent approach to managing risks. It helps organizations identify, assess, and address risks in a way that aligns with their objectives. This standard focuses on integrating risk management into all processes, making it a central part of strategic decision-making.

How does ISO 31000 differ from other risk management standards?

ISO 31000 stands out because it provides a framework rather than prescriptive steps. Unlike standards tailored for specific industries, it’s adaptable to any organization or sector. Its principles-based approach emphasizes embedding risk management into organizational culture and aligning it with goals rather than following rigid rules.

What are some common mistakes organizations make when implementing ISO 31000?

One common mistake is treating risk management as a one-time project instead of an ongoing process. Another is failing to involve all levels of the organization, which can lead to overlooked risks. Some companies overcomplicate the framework, making it harder to implement effectively.

This template, developed by Lumiform employees, serves as a starting point for businesses using the Lumiform platform and is intended as a hypothetical example only. It does not replace professional advice. Companies should consult qualified professionals to assess the suitability and legality of using this template in their specific workplace or jurisdiction. Lumiform is not liable for any errors or omissions in this template or for any actions taken based on its content.