Category: Risk Management

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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ISO 31000 Revision

Today I received notice that the draft version of the revised ISO/DIS 31000 Risk Management is now available. This revision is already a while due and took some time to reach a certain level of consensus. Going through the document, it doesn’t appear to me as a drastic change, nor a real improvement regarding the understanding

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