Standards Comparison

    ISO 20000

    Voluntary
    2018

    International standard for service management systems

    VS

    ISO 31000

    Voluntary
    2018

    International standard for risk management guidelines

    Quick Verdict

    ISO 20000 certifies service management systems for reliable IT delivery, while ISO 31000 provides risk management guidelines for any organization. Companies adopt 20000 for market trust and compliance; 31000 embeds risk thinking into strategy and operations.

    IT Service Management

    ISO 20000

    ISO/IEC 20000-1:2018 Service management requirements

    Cost
    €€€€
    Complexity
    High
    Implementation Time
    12-18 months

    Key Features

    • Annex SL structure enables integration with ISO standards
    • End-to-end service lifecycle management processes
    • Certifiable service management system benchmark
    • Flexible what-not-how implementation approach
    • Risk-based planning and PDCA improvement cycle
    Risk Management

    ISO 31000

    ISO 31000:2018 Risk management — Guidelines

    Cost
    €€€
    Complexity
    Medium
    Implementation Time
    12-18 months

    Key Features

    • Eight core principles for effective risk management
    • Framework integrating risk into governance and strategy
    • Iterative process for risk identification and treatment
    • Customizable to organization size and context
    • Emphasis on leadership commitment and culture

    Detailed Analysis

    A comprehensive look at the specific requirements, scope, and impact of each standard.

    ISO 20000 Details

    What It Is

    ISO/IEC 20000-1:2018 is the certifiable international standard specifying requirements for a service management system (SMS). It provides auditable benchmarks for planning, designing, transitioning, delivering, and improving services across their lifecycle. The standard uses a risk-based, PDCA (Plan-Do-Check-Act) approach aligned with Annex SL high-level structure.

    Key Components

    • Clauses 4-10 cover context, leadership, planning, support, operation, evaluation, and improvement.
    • Clause 8 details operational domains: service portfolio, relationships, supply/demand, design/transition, resolution/fulfilment, assurance.
    • Core processes include incident/problem management, change/release, configuration/asset, availability/continuity, security.
    • Built on flexible principles enabling ITIL, DevOps integration; supports third-party certification.

    Why Organizations Use It

    • Drives service reliability, customer trust, risk reduction (e.g., 50% certificate growth per ISO survey).
    • Enables market differentiation, procurement advantages, integrated management with ISO 9001/27001.
    • Provides governance for multi-supplier ecosystems, measurable KPIs for executive oversight.

    Implementation Overview

    • Phased: gap analysis, design, deployment, audit (Stage 1/2), surveillance.
    • Applies to all sizes/industries delivering IT/business services; 12-18 months typical for mid-sized firms.
    • Requires leadership commitment, evidence-based processes, continual improvement.

    ISO 31000 Details

    What It Is

    ISO 31000:2018, Risk management — Guidelines is an international, principles-based framework providing guidance on managing risk systematically. Its primary purpose is to help organizations identify, analyze, evaluate, treat, monitor, and review risks to create and protect value. The approach is flexible, iterative, and sector-agnostic, emphasizing integration into governance and operations.

    Key Components

    • Three pillars: principles (8 core principles like integrated, customized, continual improvement), framework (leadership, integration, design, implementation, evaluation, improvement), and process (communication, scope/context/criteria, assessment, treatment, monitoring/review, recording/reporting).
    • No fixed controls; focuses on repeatable processes.
    • Non-certifiable; voluntary guidelines.

    Why Organizations Use It

    • Drives strategic decisions, resilience, and value creation.
    • Meets regulatory expectations indirectly (e.g., Basel III references).
    • Reduces losses, enhances efficiency, builds stakeholder trust.
    • Provides competitive edge via risk-informed innovation.

    Implementation Overview

    • Phased: diagnose/design, build/deploy, operate/optimize, institutionalize.
    • Involves policy, training, tools, integration; suitable for all sizes/industries.
    • No certification; internal audits and reviews ensure alignment. (178 words)

    Key Differences

    Scope

    ISO 20000
    Service management systems (SMS) lifecycle
    ISO 31000
    Enterprise risk management principles/process

    Industry

    ISO 20000
    Service providers, IT, all sizes globally
    ISO 31000
    All organizations, sectors, sizes worldwide

    Nature

    ISO 20000
    Certifiable management system standard
    ISO 31000
    Non-certifiable guidelines/framework

    Testing

    ISO 20000
    Stage 1/2 audits, surveillance, recertification
    ISO 31000
    Internal audits, management reviews, monitoring

    Penalties

    ISO 20000
    Loss of certification, market disadvantage
    ISO 31000
    No formal penalties, internal governance risks

    Frequently Asked Questions

    Common questions about ISO 20000 and ISO 31000

    ISO 20000 FAQ

    ISO 31000 FAQ

    You Might also be Interested in These Articles...

    Run Maturity Assessments with GRADUM

    Transform your compliance journey with our AI-powered assessment platform

    Assess your organization's maturity across multiple standards and regulations including ISO 27001, DORA, NIS2, NIST, GDPR, and hundreds more. Get actionable insights and track your progress with collaborative, AI-powered evaluations.

    100+ Standards & Regulations
    AI-Powered Insights
    Collaborative Assessments
    Actionable Recommendations

    Check out these other Gradum.io Standards Comparison Pages