Risk
New ISO/IEC standard on risk assessment complements risk management toolbox
ISO/IEC 31010:2009, Risk management – Risk assessment techniques, has been developed jointly by ISO and IEC. Risks affecting organizations may have consequences in terms of societal, environmental, technological, safety and security outcomes; commercial, financial and economic disciplines, as well as social, cultural and political reputation impacts.
New ISO standard for effective management risk
A new International Standard, ISO 31000:2009, Risk management – Principles and guidelines, will help organizations of all types and sizes to manage risk effectively.
Future ISO 31000 standard on risk management
Organizations with a commitment to managing risk know that implementing standards can enable them to do so more effectively and therefore maximize opportunities and minimize losses in the course of achieving corporate objectives. This article examines the future ISO 31000 standard which will be a strategic-level document covering all forms of risk, including safety and the environment.
Talking "risk"
The recent economic downturn has spurred many to comment on the role of risk in the current financial crisis. Many financial commentators believe that the financial sector did not adequately consider or wage risk, particularly in mortgage lending in the USA.
Future ISO 31000 standards on risk management
Some would suggest that the global financial crisis was caused by a failure of risk management rather than the failure of boards and top management to effectively manage risk. The future ISO 31000, Risk management – Principles and guidelines, is expected to help industry and commerce, public and private, to confidently emerge from the crisis. This much-awaited International Standard is expected to be published in the third quarter of 2009.
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