ISO 31000:2009--Setting a new standard for risk management

Risk Analysis : an Official Publication of the Society for Risk Analysis
Grant Purdy

Abstract

Last year saw the publication of IS0 31000:2009, a new globally accepted standard for risk management together with a new, associated vocabulary in ISO Guide 73:2009. These were developed through a consensus-driven process over four years, through seven drafts, and involving the input of hundreds of risk management professionals around the world. The new standard supports a new, simple way of thinking about risk and risk management and is intended to begin the process of resolving the many inconsistencies and ambiguities that exist between many different approaches and definitions. While most decisionmakers seem to welcome the new standard and it has so far received very good reviews, it does create challenges for those who use language and approaches that are unique to their area of work but different from the new standard and guide. The need for compromise and change is the inevitable consequence of standardization.

Citations

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Aug 21, 2019·Proceedings of the National Academy of Sciences of the United States of America·Yican WuLiqin Hu
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Feb 20, 2016·Risk Analysis : an Official Publication of the Society for Risk Analysis·Jinfen ZhangKezhong Liu
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Dec 18, 2020·Risk Analysis : an Official Publication of the Society for Risk Analysis·Xueqin Liu, Zhenhua Chen
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Sep 7, 2021·Risk Analysis : an Official Publication of the Society for Risk Analysis·Svana Helen BjörnsdóttirSaemundur E Thorsteinsson

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