There are numerous risk management standards but they tend to be sector based.
The ISO 31000 standard drew inspiration from discussions between international experts from various organisations (industry, government, NGOs, etc.) in different sectors, and provides a common framework, principles, and general guidelines for risk management. Last but not least, it also presents a new definition of risk.
This short Report provides an overview of the origins and the contributions of this standard. "Why was a new standard for risk management necessary?", "What changes are required in the risk management process?" "What is the target audience of this standard?" are a few of the 10 questions addressed in this document.
Objective of the document
To identify the challenges of a common risk management standard and promote dialogue between different business sectors.
About the author
Gilles Motet is a Professor at the National Institute for Applied Sciences (INSA) in Toulouse and researcher in the Department of Systems Technology and Engineering (LATTIS Laboratoire Toulousain de Technologie et d’Ingénierie des Systèmes). He participated in the AFNOR working group on "Risk evaluation" and represented France in the ISO "Risk management" working group in charge of drafting the ISO 31000 standard.