ISO 31000: 2018 – “Precious tool” accompanies with Binh Minh Ltd

Mr. Bui Xuan Lien – Director of Binh Minh Machinery Installation Co., Ltd said, ISO 31000: 2018 has contributed to promoting the company’s sustainable development over the years.

Thanks to the application of ISO 31000: 2018 under the National Quality Productivity Program (according to Decision 712); consulted by the productivity experts of the Center for Information, Communications and Standards Quality, which not only helps the Company reduce risks and avoid waste but also improve the skills of public officials and employees. Company, helping the working environment professional and highly effective.

Mr. Bui Xuan Lien – Director of Binh Minh Assembling Co., Ltd highly appreciated the role of ISO 31000: 2018 in the operation of his company. According to him, in the process of implementing projects, the assessment of safety hazards in accordance with ISO 3100: 2018 according to the scope of application has helped the Company control safety, meeting customer requirements. goods as well as legal documents. The awareness of workers is increasingly improved.

“ISO 31000: 2018 has helped the management to have a strong determination in building the risk management system. Previously, the Company has applied ISO 9001: 2015 over many cycles, so it knows how to control the system. From the date of application of ISO 31000: 2018, the Company’s employees are highly demanded, well-trained and involved in large projects in an active, professional, stable and coherent manner. long bundle. Thanks to ISO 31000: 2018, the company has become a more united group, the work exchange activities are carried out quickly, ensuring the handling of assigned professional tasks in a methodical and scientific way, ”he said.

However, Mr. Lien also shared that when the company just applied ISO 31000: 2018, the company also encountered some difficulties. For example, due to the implementation of construction activities, the ground is spread out. Clients of the Company in many different types should require different requirements.

During the construction process, due to the use of many seasonal workers, the observance of safety risks is limited. “After the first period of applying ISO 31000: 2018, we have overcome most of the limitations. And up to now, it can be affirmed, ISO 31000: 2018 has been parallel, indispensable and a key tool in our company’s development path now, and in the future ”, Mr. Lien emphasized.

Not only Binh Minh Machinery Installation Co., Ltd, ISO 31000: 2018 is also considered by experts to help businesses and organizations manage risks easily. Because ISO 31000: 2018 focuses on many in-depth issues with more advantages such as reviewing risk management principles; focusing on leadership by leadership is the department that ensures that risk management is integrated into all organizational activities, starting with organizational governance; greater emphasis on the repetitive nature of risk management, based on new experience, knowledge and analysis for modifying process factors, actions and controls at each stage of the process; streamlining content with a greater focus on maintaining an open system model, frequently exchanging feedback with the organization’s external environment to fit a variety of needs and contexts.

Mr. Jason Brown, ISO / TC 262 Standard Technical Committee (ISO Technical Committee) said: “The revised ISO 31000: 2018 revision focuses on integration with the organization and the role of leaders and their responsibility. Risk practitioners often do not engage directly in organizational management, and this emphasis will help them to demonstrate that risk management is an integral part of business operations. ”

According to the ISO Technical Representative, each part of the standard is reviewed on a clear basis, using simple language to facilitate understanding and making the contents of the Standard accessible to all. related parties. The 2018 version focuses more on creating and protecting values ​​as a key driver of risk management and other related principles such as continuous improvement, including stakeholders, customized for organize and consider humanistic and cultural factors.

Risks are now defined as “the effects of objective uncertainty,” focusing on the effectiveness of an incomplete understanding of events or situations in an organization’s decision-making. This requires changing the traditional understanding of risk, forcing organizations to adjust risk management to the needs and goals – important benefits of the standard.

Mr. Jason Brown also explained: “The international standard ISO 31000 provides a risk management framework to support all activities, including decision making at all levels of the organization. The ISO 31000 framework and processes should be integrated with management systems to ensure the consistency and effectiveness of management control in all areas of the organization.”

These include strategy and planning, organizational resilience, information technology, corporate governance, personnel, compliance, quality, health and safety, continuity in business, crisis management and security. The international standard ISO 31000: 2018 provides guidance rather than requirements, so it is not intended for certification purposes. This gives managers the flexibility to implement standards in a way that suits the needs and goals of their organization.

Mr. Brown said the main goal of ISO / TC 262 Standard Technical Committee is to help organizations ensure their long-term viability and success for the benefit of all stakeholders by Provide good risk management practices.

Productivity and Quality Office