Understanding risk with new international standard
30 July 2019
When the only certainty is
uncertainty, the IEC and
ISO ‘risk management toolbox’ helps
organizations to keep ahead of threats that could be detrimental to
their success.
All businesses face threats on an ongoing basis, ranging from
unpredictable political landscapes to rapidly evolving technology and
competitive disruption. IEC and ISO have developed a toolbox of
risk
management standards to help businesses prepare, respond and recover
more efficiently. It includes a newly updated standard on
risk
assessment techniques.
IEC 31010, Risk management — Risk assessment
techniques, features a range of techniques to identify and understand
risk. It has been updated to expand its range of applications and to add
more detail than ever before. It complements ISO 31000, Risk management.
IEC 31010 describes the process to be followed when assessing risk, from
defining the scope to delivering a report. It introduces a wide range of
techniques for identifying and understanding risk in a business or
technical context.
The IEC and ISO risk management toolbox features internationally agreed
standards with best practice and benchmarks on how to manage risk, as
well as a risk management framework, agreed principles and processes.
Professor Jean Cross, who is the Convenor of the group of experts who
maintain and revise IEC 31010 said “IEC 31010 is a valuable complement
to ISO 31000 by providing detail on how risk can be
assessed and describing the advantages and disadvantages of the
different techniques that can be used”.
“The standard is useful both as part of a process to manage risk and
when comparing options and opportunities so that decisions are based on
a good understanding of risk,” she said.
IEC 31010 was developed by Joint Working Group 16, which brings together
experts from IEC Technical Committee 56, Dependability, and
ISO/TC 262, Risk management. The secretariat of both committees
is held by BSI, the IEC and ISO member for the UK.
You can purchase IEC 31010 from the IEC or ISO webstores, as well as
from IEC and ISO members.
--ENDS--
Source: International Organization for Standardization (ISO) - www.iso.org
Contact: N/A
External Links: https://www.iso.org/obp/ui/#iso:std:iec:31010:ed-2:v1:en,fr
Recent news by: International Organization for Standardization