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ISO 31000 is a set of international standards for risk management.It was developed in November 2009 by International Organization for Standardization. [1] The goal of these standards is to provide a consistent vocabulary and methodology for assessing and managing risk, resolving the historic ambiguities and differences in the ways risk are described.
ISO/IEC 31010 is a standard concerning risk management codified by The International Organization for ... The ISO 31010 standard supports the ISO 31000 standard.
ISO 31000 is an International Standard for Risk Management which was published on 13 November 2009, and updated in 2018. An accompanying standard, ISO 31010 - Risk Assessment Techniques, soon followed publication (December 1, 2009) together with the updated Risk Management vocabulary ISO Guide 73.
ISO 31000:2018 Risk management – Principles and guidelines; ISO/TR 31004:2013 Risk management – Guidance for the implementation of ISO 31000; ISO/IEC 31010:2009 Risk management – Risk assessment techniques; ISO 31030:2021 Travel risk management — Guidance for organizations; ISO/IEC/IEEE 31320 Information technology – Modeling Languages
[note 2] For a complete and up-to-date list of all the ISO standards, see the ISO catalogue. [1] The standards are protected by copyright and most of them must be purchased. However, about 300 of the standards produced by ISO and IEC's Joint Technical Committee 1 have been made freely and publicly available. [2]
As with occupational safety management, there are a number of risk management models that can be used depending on the risk profile of an organisation, but the internationally recognised standard ISO 31000 - Risk management – Guidelines [3] is a common starting point. Interestingly, there is no reference to safety within the standard.
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ISO 31000 defines risk appetite as the "amount and type of risk that an organization is willing to pursue or retain." [3]Risk appetite is burdened by inconsistent or ambiguous definitions, but rigorous risk management studies have helped remedy the lack of consensus. [4]