# ISO 31000 gives risk management its structure. XGRC® gives it a system.

ISO 31000 is a guideline for managing risk, not a certifiable management system — there is no audit to pass. XGRC® helps organisations adopt and embed the ISO 31000 risk management process, from establishing context through risk assessment, treatment, and ongoing monitoring and review.

**Frameworks:** ISO 31000, Risk Management, Risk Assessment, Risk Treatment, COSO ERM, King V

## Without a structured process, risk management becomes a compliance exercise.

When context, criteria, and treatment are not applied consistently, risk registers drift out of date and stop reflecting the organisation's actual exposure — which is exactly what the ISO 31000 process is designed to prevent.

- Risk management run as an annual exercise rather than a continuous process
- No consistent criteria for likelihood, impact, or risk appetite across business units
- Risk treatment actions assigned but never checked for effectiveness
- Risk reporting disconnected from real decision-making forums

## The ISO 31000 risk management process, in one system.

- Establish the internal and external context and risk criteria
- Identify risks across strategic, operational, financial and compliance categories
- Analyse likelihood and consequence using a consistent scoring model
- Evaluate risks against risk appetite and prioritise treatment
- Define and assign risk treatment plans with clear ownership
- Monitor, review and report on risk performance continuously

## How it works

- Central risk register aligned to the ISO 31000 process
- Configurable risk criteria and appetite thresholds
- Risk treatment plans with owner and effectiveness tracking
- Key risk indicator monitoring and escalation
- Real-time dashboards and board-ready reporting

## On the platform

**One connected view of risk** — XGRC® structures risk identification, analysis, evaluation and treatment around the ISO 31000 process, and links every risk to its controls, actions and audit findings. The board gets real-time visibility of risk exposure without waiting for the next review cycle.

## The same risk process, without the friction.

| Manual approach | With XGRC® |
| --- | --- |
| Risk management as an annual, point-in-time exercise | Continuous risk identification and review |
| Inconsistent criteria across business units | Consistent context, criteria and appetite thresholds |
| Treatment actions never checked for effectiveness | Treatment tracked through to verified effectiveness |
| Reporting disconnected from decision-making | Risk reporting embedded in governance forums |

## One platform across every stage of the risk management process.

- Establishing context and risk criteria
- Risk assessment (identification, analysis, evaluation)
- Risk treatment and action tracking
- Monitoring, review and reporting

## Frequently asked questions

### What is ISO 31000 risk management software?

ISO 31000 is a guideline for managing risk, not a certifiable standard, so there is no audit to pass. XGRC® software helps organisations adopt and embed the ISO 31000 process, from establishing context through risk assessment, treatment and ongoing review.

### Does XGRC® apply consistent risk criteria across business units?

Yes. Risk criteria and appetite thresholds are configurable once and applied consistently, so likelihood and impact are scored the same way regardless of which business unit raises the risk.

### Is risk treatment checked for effectiveness, not just assigned?

Yes. Risk treatment plans are tracked with owner and effectiveness monitoring, so a treatment is verified to have actually reduced the risk rather than assumed complete once assigned.

### How does this connect to COSO ERM and King V?

The ISO 31000 process underpins COSO ERM and King V risk governance requirements, so the same risk register and reporting feed all three without maintaining separate risk frameworks.

## Related solution

- [Enterprise Risk Management](https://xgrcsoftware.com/erm)

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Source: https://xgrcsoftware.com/use-cases/iso-31000-risk-management