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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From the comments made by the contributing experts it was clear that Annex A should be removed and instead the topic dealt with separately through a New Work item proposal to address risk management maturity. The overall message of ISO stays the same that the risk management process is an uso part of strategic and operational management.

Revision of ISO 31000 Risk Management Guidelines – Draft available

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. The revision for the ISO standard is to be finalized in 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 There are 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 well as the embedding of risk management within decision making that is now more strongly is emphasized.

Although effects can also become risk sources, the way note 1 is phrased only leads to a short sighted view on what can be understood by effects. Don’t be the weak link. There was considerable discussion on fundamental issues on the role of standards.

A FERMA voice on ISO implementation | Ferma

The title has slightly changed as well: 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. 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. In a series of articles we want to present and discuss the major changes that are to be expected. The intention throughout the revision process in 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.


Hosting services provided by: More interpretations are possible, more definitions come into play and more options in the use of the standard are provided e.

The intention is to promote harmonization within ISO documents with respect to risk and its management.

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. For example, one could say that pursuing an opportunity, making use of ones strengths, while managing threats and weaknesses, can drafr unexpected positive consequences.

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

The problem I have with this sentence is the parts between brackets. However, pursuing opportunities without managing threats and weaknesses and not building on strengths, can certainly bring about unexpected and unwanted consequences.

There was also support for more detailed and precise guidance though this ran the risk of adding to both the length and complexity of the standard. 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. We can expect that the new version of ISO will be published at the end of or early in Cyber There’s a good time coming The definitions still mentioned in the standard … the following apply are kept to a strict minimum and mainly those that have updated notes:.

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.

It can be positive sometimes expressed as opportunitiesnegative sometimes expressed as threats or both. The decision to review ISO was taken at in Chicago in and now, 4 years later, a draft version of the proposed updates to the ISO document is available for users to see.


It can be positive, negative or both. It immediately shows what the intent of the revision is. 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 changes in the revision only concern the notes to the definitions. Below some of the changes to the version of ISO have been summarised and a few words on why the changes are being proposed:.

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

The Working Group meets next iao on July 10th — 14th, in San Francisco to work on finalizing the revision. This is a new section in the standard.

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. 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 major task to accomplish is progress the revision of ISO Internet of Things What does it mean?

The major change in this section at least to me is the fact that the following sentence has changed. Because in my opinion, opportunities and threats are external risk sources in the same way as weaknesses and strengths are internal risk sources. 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.

Please do review and pass on your thoughts and opinions by clicking the box below. The content between brackets should be left out.