Which standard outlines the principles and processes for managing risk?

ISO 31000:2009 is the standard that specifically addresses the principles and processes for managing risk. This standard provides a comprehensive framework that organizations can use to improve their risk management practices. It emphasizes the importance of integrating risk management into all aspects of an organization's governance, strategy, and operations. Key components of ISO 31000 include the establishment of the context for risk, the risk assessment process (which includes risk identification, risk analysis, and risk evaluation), and the risk treatment process.

By following the guidelines set forth in ISO 31000, organizations are better positioned to identify potential risks, assess their impacts, and develop strategies to mitigate those risks in a proactive manner. This standard is applicable to any organization, regardless of size, industry, or sector, making it versatile for various risk management needs.

The other standards mentioned focus on different aspects of information security and risk management but do not serve as direct guides for managing risk in a broad organizational context. For instance, ISO 27001:2013 is specifically about establishing, implementing, maintaining, and continually improving an information security management system (ISMS) while ISO 28000:2007 focuses on security management for the supply chain. ISO/IEC 27037:2012 deals with