Category: Risk Management

Risk Management for SME’s the ISO 31000:2018 way

ISO 31000:2018 a crucial asset in dealing with uncertainties in making decisions Today, it is crucial for entrepreneurs to deal in a suitable manner with the increasing uncertainties that our constantly changing society generates. In that regard, risk is the effect of uncertainty on objectives (definition according to ISO 31000:2018) and this effect can be

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ISO 31000:2018

A revised ISO 31000:2018 standard Two weeks ago, the new version of the ISO 31000 standard was issued. From now on this 2018 version replaces the 2009 version of the standard. So, the past weeks I have been working in updating my presentations and exams that I use in my certification courses for G31000 Europe.

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What is unacceptable risk?

What is unacceptable risk? Someone posed me the following question on the Quora forum:  “What is unacceptable risk?“. It made me reflect on the matter and I don’t think there’s an easy answer. Risk is in the eye of the beholder. What is acceptable to one is maybe unacceptable risk for another person. However, in the

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A story about Mountains – Part 5 – Total Respect Management

Part 5 – Total Respect Management Improve your results In the previous parts of ’a story about mountains’ you learned that a business or organisation can be compared to a mountain and how communication, management and leadership can improve life on your mountain. Today I want to take you with me to a mountain to

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A story about Mountains – Part 3 – Management

A story about Mountains – Part 3 – Management The importance of good management for organisations and companies. Mountains and infrastructure In part 1 and part 2 of ’A story about mountains’ you can read how organisations or companies can be compared to mountains. In part 3 we will use this metaphor to demonstrate the

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Do You Understand Risk and Know How to Manage it?

Understanding Risk is a Matter of Perception Looking at all the discussions regarding the definition of risk on various platforms and by different groups, I am still surprised by the way some people look at the concept ‘Risk’. This limited and outdated view on risk by some of these people also saddens me, despite all

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How to Integrate Risk Based Thinking into your own Organisation [video]

What is Risk Based Thinking? What exactly do we mean when we talk about Risk Based Thinking? The last revision of ISO 9001 (2015) introduced the concept of Risk Based Thinking. In this ISO standard, a company-wide approach to quality is promoted. This updated approach substitutes the concept of preventive action by ‘Managing Risks and

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Living in the comfort zone

Perceptions of danger and safety in the comfort zone Safety & Performance, opposing forces? Often safety and performance in an individual or organisational context are deceptively seen as opposing forces. In this line of thinking, doing things out of the ordinary brings about unknown risks. As such, this is considered being dangerous and therefore people

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Comparing ISO 31000 (2009) with the draft ISO 31000 (2017) – Part 2

Part 2 – ISO 31000 – Scope – Narrative References – Terms & Definitions A high level document The revision for the ISO 31000 standard is to be finalized in 2017. In a series of articles we want to present and discuss the major changes that are to be expected. In Part 1 we discussed the

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Comparing ISO 31000 (2009) with the draft ISO 31000 (2017) – Part 1

Part 1 –  THE INTRODUCTION An eye-catching feature Recently the draft version of the first revision of the ISO 31000 standard has become available for purchase and review. (https://www.iso.org/obp/ui/#iso:std:iso:31000:dis:ed-2:v1:en) and a first rather drastic change is immediately visible in the introduction of the standard, as it really catches the eye. In this first article comparing

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