May 8, 2020

REPORT. ISO/TR. First edition. Reference number . This document was drafted in accordance with the editorial rules of the ISO/IEC. (International Standard Risk Management ISO Draft Review) ISO , the international standard for Risk Management – ‘Risk Management. Hi:bigwave: Does anybody have a copy of the draft working document ISO they could share with little me? ttfn Ben.

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It should be noted that there was some convergence, from initially very different positions, from members of the technical committee, and in some cases National Mirror Committees, towards a shared vision of best practice in global risk management.

The strengthened generic nature of the standard can hopefully provide for confidence between experts and end users who each have specific problems in risk but need to understand and communicate with others stakeholders.

Drat, pursuing opportunities without managing threats and weaknesses and not building on strengths, can certainly bring about unexpected and unwanted consequences. However, more complex language has been edited and reduced and accordingly the revised text is shorter and more precise and hopefully the user will find it much simpler to read.

The next ISO meeting is being held in San Francisco in July and this suggests publication of the revised risk management standard perhaps early in This view was formed at the Moscow meeting and stuck to while resolving kso comments on the technical committee draft reviewed in Jordan.

There was considerable discussion on fundamental issues on the role of standards.

The title has slightly changed as well: Because in my opinion, opportunities and threats are external risk sources in the same way as weaknesses and strengths are internal risk sources. The draft of the standard for review and comment is now available on the BSI Draft Review system at https: In the committee commenting stages there was a strong desire to address the proliferation of terms, that could impair the ease of access to the standard or add to confusion across sectors for many users.


The vision was to phrase a framework clause that provides guidance that is relevant for every possible user of the standard. The definitions still mentioned in the standard … the following apply are kept to a strict minimum and mainly those that have updated notes:. It can be positive sometimes expressed as opportunitiesnegative sometimes expressed as threats or both.

The overall message of ISO stays the same that the risk management process is an integrated part of strategic and operational management. As this sentence was followed by 29 definitions that fully defined risk management the ISO way.

The intention is to promote harmonization within ISO documents with respect to risk and its management. The message TC would like to pass on to the reader of the DIS is to critically assess if the current draft provides the required guidance while still remaining relevant to all organizations, in all countries.

Revision of ISO 31000 Risk Management Guidelines – Draft available

Initially it was agreed that only minimal changes would be made to the standard while the committee looked at the potential for more substantial revision. The intention throughout dravt revision process sraft recent meetings has been to focus on the fundamentals and in doing so create a shorter, clearer and more concise document that is easier to read and apply. Find out more About Us.

Please do review and pass on your thoughts and opinions by clicking the box below. Continuity Forum Policy Working Group Members can contact drafh directly to discuss the process and to obtain copies of document for comment.

Before being sent to ISO the draft of the DIS was endorsed by the working group WG2 and reviewed by an editorial team who checked for typographic issues and consistency across the different sections.

The final DIS text has not dramatically changed the version and all steps in the process have been kept. The Working Group meets next time on July 10th — 14th, in San Francisco to work on finalizing the revision. The next steps of the revision process are translation into French followed by comments and ballots from the National Standardization Bodies. Cyber There’s a good time coming Below some of the changes to the version of ISO have been summarised and a few words on why the changes are being proposed:.


The next steps will be a review of the comments submitted that will modify the text further and then a ballot by ISO members to move to the final publication.

A FERMA voice on ISO implementation | Ferma

Don’t be the weak link. For example, one could say that pursuing an opportunity, making use of ones strengths, while managing threats and weaknesses, can bring unexpected positive consequences. A common theme found in the comments was the addition of concepts or examples specific to countries or industries.

The Commenting process provides a real opportunity for those with risk responsibilities to feedback to the committee on any issues or opportunities to improve the standard before it becomes a National and International standard. It immediately shows what the intent of the revision is.

The clauses on process has probably been the area that has received most comments during the revision.

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

Although effects can also become iwo sources, the way note 1 is phrased only leads to a short sighted view on what can be understood by effects. This DIS is at an extremely important stage and we recommend that you review it very carefully in the context and wider activities of your organisation.

There rraft substantial improvements that the committee feel will benefit the users of the standard such as the inclusion of the importance of human and cultural factors as jso as the embedding of risk management within decision making that is now more strongly is emphasized.

It is important to keep in mind that we are not drafting an American or European standard, a public sector or financial services standard, but rather a generic international standard.