ISO 31000:2009 - Risk Management

21st August 2009

Editor: Ian Hannah
Director of Design & Development, SQMC Ltd.

The Chartered Quality Institute this month has raised the issue of “Risk Management” again. Whether you are involved with ISO 9001, or any other Management Systems, the aspect of “risk” is increasingly important.

When it is issued later this year (it’s at the FDIS stage currently) ISO 31000:2009 will provide principles and generic guidelines on risk management. A statement from ISO in Geneva says:

“ISO 31000:2009 can be used by any public, private or community enterprise, association, group or individual. Therefore, ISO 31000:2009 is not specific to any industry or sector.

ISO 31000:2009 can be applied throughout the life of an organization, and to a wide range of activities, including strategies and decisions, operations, processes, functions, projects, products, services and assets.

ISO 31000:2009 can be applied to any type of risk, whatever its nature, whether having positive or negative consequences.

Although ISO 31000:2009 provides generic guidelines, it is not intended to promote uniformity of risk management across organizations. The design and implementation of risk management plans and frameworks will need to take into account the varying needs of a specific organization, its particular objectives, context, structure, operations, processes, functions, projects, products, services, or assets and specific practices employed.

It is intended that ISO 31000:2009 be utilized to harmonize risk management processes in existing and future standards. It provides a common approach in support of standards dealing with specific risks and/or sectors, and does not replace those standards.

ISO 31000:2009 is not intended for the purpose of certification.”

If you have any interest in this Standard, and how it might be integrated into your Management Systems, please contact us to find how SQMC may help.

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