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Volume 31, Issue 1

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Tuesday, 19 December 2017 16:22

ISO 31000 revision moves towards a clearer and more concise text

ISO 31000:2009 on risk management is intended for people who create and protect value in an organization by managing risks, making decisions, setting and achieving objectives and improving performance. The standard’s revision process discovers the virtues of keeping risk management simple.

The revision of ISO 31000:2009, Risk management – Principles and guidelines, has moved one step further to Draft International Standard (DIS) stage where the draft is now available for public comment. What does it mean? And what happened in the revision process since the Committee Draft (CD) stage in March 2015?

The revision work follows a distinct objective: to make things easier and clearer. This is achieved by using a simple language to express the fundamentals of risk management in a way that is coherent and understandable to users.

The standard provides guidelines on the benefits and values of effective and efficient risk management, and should help organizations better understand and deal with the uncertainties they face in the pursuit of their objectives.

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https://www.iso.org/news/2017/02/Ref2165.html