ISO 31000 registry
Risk
ISO 31000 methodology definition — effect of uncertainty on objectives.
Canonical Definition
Risk is the effect of uncertainty on objectives (ISO 31000:2018, clause 3.1). An effect is a deviation from the expected — positive, negative or both — and risk is usually expressed in terms of risk sources, potential events, their consequences and their likelihood.
This term has a different governed meaning in Governance →
Business Impact
What happens when different meanings of Risk are used in parallel.
Operational Risk
Used in risk methodology documents, ISO/IEC alignment workstreams, quantitative risk modelling, external assurance reviews.
Governance Metadata
This definition is governed. Not merely documented.
- Owner
- Head of Risk Methodology
- Status
- aligned
- Version
- v1
- Effective Date
- 2026-01-15
- Source
- ISO 31000:2018 clause 3.1; Risk Methodology Manual RM-MET-02 §1.4
- Domain
- ISO 31000