ISO 31000 Risk Management | Concept Overview

As a social science, risk management is multi-interpretative in nature. Even though all organizational members have a fairly good level of ERM competency, it could still be translated into different implementation versions.
ERM should be applied to the same standard and with a mutual understanding among the people within that particular organisation.
Among many standards available, we introduce you to an international standard of risk management guidelines: ISO 31000.
What are the components? What is the risk management architecture? and also, Why ISO 31000?
0:00 - Introduction
0:55 - ISO 31000: Risk Management Guidelines
2:08 - Architecture of Risk Management
2:42 - Risk Management Principles
3:00 - Risk Management Framework
3:23 - Risk Management Process
3:44 - Wrap-up
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