Kindly please discuss and explain your understanding about the ISO 31000:2018

Here's for the reference:

https://www.iso.org/standard/65694.html#:~:text=ISO%2031000%3A2018%20provides%20guidelines,any%20organization%20and%20its%20context.&text=ISO%2031000%3A2018%20can%20be,decision%2Dmaking%20at%20all%20levels.

ps. please I want to fully understand it in your own understanding. Thank you.

for photo reference, the photo is searchable in the internet "ISO 31000:2018"