Category: ISO 31000

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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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 This limited and outdated view on risk by some of these people also saddens me, despite all

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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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SAFETY & PERFORMANCE

Safety & performance are two sides of the same coin. Performance is about pursuing risk and achieving objectives, while safety is about eliminating the negative effects of uncertainty on those objectives and their achievement. What is performance without safety? Or, what is safety without performance? My answer is: Nothing! Performing safely is what every organisation should

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ISO 31000 : (All) Management = Risk Management

According to ISO 31000, “Risk is the effect of uncertainty on objectives”. The first time I set eyes on this definition it was difficult for me to fully grasp the reach of this definition. At that time I was already convinced Risk had both a positive as well as a negative component. Risk, as I

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ISO 31000 (2009) RISK MANAGEMENT PROCESS

The ISO 31000 standard can be summarized on one A4. It comprises 11 principles, a framework and a process. But this is the easy part. Translating these principles into guidance to be used in practice, building a powerful framework to implement risk management from top to bottom throughout an organisation and using the risk management

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ISO 31000 (2009) FRAMEWORK

Mandate and commitment from top management The ISO 31000 principles can be seen as elements of leadership, guiding thoughts that answer the question why one should implement risk management in one’s organisation. They are also a set of values, beliefs and convictions, the fundamental mental models, guiding daily operations in organisations and the fundamental ideas

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ISO 31000 (2009) – Risk Management Principles

11 Principles The ISO 31000 standard can be summarised on one A4. It comprises 11 principles, a framework and a process. But this is the easy part. Translating these principles into practice, building a powerful framework and using the process on a daily basis and this from top to bottom, is the real challenge. Most

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