A purpose of risk management, according to the ISO 31000:2018 risk management standard, is to protect value. Select one: True False
Question
A purpose of risk management, according to the ISO 31000:2018 risk management standard, is to protect value.
Select one: True False
Solution
True
According to the ISO 31000:2018 risk management standard, one of the purposes of risk management is indeed to protect value. Risk management aims to help organizations safeguard their value by identifying potential threats and opportunities, and then taking appropriate measures to manage these risks. This could involve reducing risks that could lead to negative impacts, or exploiting risks that could result in positive outcomes.
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