Risk Assessment Techniques

In 2018, a revision to ISO 31000 Risk Management-Guidelines was released in a timely and appropriate fashion, considering the new risk and opportunity management requirements in global management standards. This version delivered a clearer, shorter and more concise guide that helped organizations use risk management principles to improve planning and make better decisions.

Just published – IEC 31010 Risk management,  expands its range of applications and adds 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.  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.

We recommend that you take a look at this effective wide range of techniques for identifying and understanding risk in a business or technical context with IEC 31010 Risk Management. This guidance document can be purchased at the ANSI Webstore.   Let us know what you think!

One Response to “Risk Assessment Techniques”

  1. Thanks for sharing this information to enhance the business. Keep Sharing.

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