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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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. This is a new section in the standard.

The vision was to phrase a framework clause that provides guidance that is relevant for every possible user of the standard. The changes in the revision only concern the notes to the definitions. As this sentence was followed by 29 definitions that fully defined risk management the ISO way. Our main challenge was to find a fair and sensible balance between supplementing the chapter with necessary concepts and not losing sight of all other users.

There was iao support for more detailed and precise guidance though this ran the risk of adding to both the length and complexity of the standard.

Revision of ISO 31000 Risk Management Guidelines – Draft available

The revision for the ISO standard is to be finalized in The consequences are then the effects of uncertainty on the objectives related to the opportunity pursued.


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. Please do review and pass on your thoughts and opinions by clicking 311004 box below. For example, one could say that pursuing an opportunity, making use of ones strengths, while managing threats and weaknesses, can bring unexpected positive consequences.

Care needed to be taken in in considering all the points raised and discussions on the right way forward took considerable time. The definitions still mentioned in the standard … the following apply are kept 310044 a strict minimum and mainly those that have updated notes:.

However, pursuing opportunities without managing threats and weaknesses and not building on strengths, can certainly bring about unexpected and unwanted consequences.

The final DIS text has not dramatically changed the version and all steps in the process draff been kept.

A FERMA voice on ISO implementation | Ferma

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 major task to accomplish is progress the revision of ISO The result was that it was agreed that there was a need to reduce the text quite a lot but that an appropriate balance between giving guidance with enough details and not turning the guidance offered into a school text book.


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 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. Find out more About Us.

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 drafg add to confusion across sectors for many users.

Two of these, the disruption and supply chain risk standards, have failed to make the grade and have recently been officially dropped, but the legal risk standard ISO is now in development with the national standards bodies of China and the UK jointly leading the work. The one remark I have is the note 1 on the definition of risk.

The major change in this section at least to me is the fact that the following sentence has changed.

In the same time period three other risk standards have been proposed by ISO covering disruption related risk, supply chain risk management and legal risk. Because in my opinion, opportunities and threats are external risk sources in the same way isso weaknesses and strengths are 310004 risk sources.

Cyber There’s a good time coming The process gives you the chance to suggest areas you would like to see adapted or removed and even add new elements that would benefit users in the front line.


Climate adaptation measures and our BCM approach – a user perspective. Continuity Forum Policy Working Group Members can contact us directly to discuss the process and to obtain copies of document for comment.

A common theme found in the comments was the addition of concepts or examples specific to countries or industries. The Working Group meets next time on July 10th — sraft, in San Francisco to work on finalizing the revision.

Comparing ISO () with the draft ISO () – Part 2 –

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

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.

More interpretations are possible, more definitions come into play and more options in the use of the standard are provided e. The most recent meeting in Jordan provided the impetus and key changes necessary to move the standard forward and out of its committee stages making it available for wider comment.