Write short notes on ISO 31000.

ISO 31000 is the international standard for risk management. This standard was published in the year 2009. It helps organisations with their risk analysis and risk assessments. ISO 31000 applies to most business activities including planning, management operations and communication processes. While all organisations manage risk to some extent, this international standard's best practice recommendations were developed to improve management techniques and ensure safety and security in the workplace at all times. By implementing the principles and guidelines of ISO 31000 in organisation, the organisation is able to improve operational efficiency, governance and stakeholder confidence, while minimising losses. This international standard helps to boost health and safety performance, establish a strong foundation for decision making and encourage proactive management in all areas.