Abstract: This article considers the approach to management of counteraction of external threats and challenges on the basis of standard management. Under the standard management the authors imply the formation of the system of management based on application of managerial standards. The approach to corporate management using the requirements of the International Organization for Standardization (ISO) is examined. The new version of the standard (2015) recommends the formation of risk-oriented approach that, along with the other objectives, allows ensuring management of external threats and challenges. It is demonstrated that the management tool for external threats and challenges, in line with the requirements and terms of the indicated standards, can become the creation of the system of risk management in accordance with the risk-oriented managerial mindset. Such system as a part of the system of quality control system of an organization includes the components, functions, and stages recommended by the ISO new generation standard. The authors review the experience in application of such approach by the machine-building enterprises; generalize feasibility of the originally developed documentation of risk analysis for the more efficient process management on the basis of risk management. It is concluded that such approach can be implemented in virtually any organization in the conditions of the standard management.