What is the process in ISO 31000:2018 primarily aimed at?

The process outlined in ISO 31000:2018 is fundamentally centered on identifying and mitigating risks. This international standard provides guidelines for risk management principles and frameworks that organizations can adopt to effectively manage uncertainties that might affect their objectives. The essence of the standard is not to eliminate all risks, as that is neither feasible nor realistic; instead, it encourages organizations to understand the risks they face, evaluate the potential impacts, and implement strategies to mitigate those risks appropriately.

By focusing on identification and mitigation, it empowers organizations to make informed decisions that enhance their resilience while fostering an environment where risks can be managed proactively rather than reactively. This approach supports not only sustainability but also drives continuous improvement in risk management practices, ensuring that organizations can navigate challenges effectively while pursuing their strategic goals.

The other choices do not align with the core intent of the ISO 31000:2018 standard. Eliminating all risks is not a practical goal, as risk is an inherent part of operations and decision-making. Reducing costs associated with AI and establishing selling strategies are specific objectives that do not encompass the broader scope of risk management outlined in ISO 31000:2018.