Category "Risk-based thinking"

Seth Godin is one of my favourite authors - a great thinker and terrific business person. Even though he's not 'ISO' his thoughts on 'systems' fit beautifully. The first mistake we make is the underestimation of the importance of something. ...

ISO 31000 is built on a 3-Part model for Risk Management. You'll find the overview in this post: Putting Risk in Its Place and this Video: Putting Risk in Its Place Clause 4 identifies the Principles and Clause 5 lays ...

This is the second part of the ISO 31000 guidance model for 'Risk'. The section called 'Framework' follows the 'Principles' outlined in the last post and sheds more light on the need for a methodical approach to 'Risk'. The 'Framework' ...

Any worthwhile Standard starts with a set of 'Principles'. ISO 31000 is no exception. Let's see if we can tie these Risk Principles into a typical ISO Management System. Value Creation and Protection is at the core of this section ...

Risk is all around us, all the time! So where does the 10,000 mile journey of 'risk management' begin? ISO 31000:2018 has some ideas and can get you started. Managing risk pays many benefits including the enhancement of Organizational Resilience. ...