Tag: Principles

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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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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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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