Managing Risk in a Systematic Way

6 Pages Posted: 28 Nov 2009

See all articles by Keshav Ram Singhal

Keshav Ram Singhal

National Centre for Quality Management - Ajmer Centre

Divya Singhal

Goa Institute of Management, Goa

Date Written: November 26, 2009

Abstract

Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events. In the direction of development of risk management; launching of new International Standard ISO 31000:2009 is a very good step. The paper details the standard requirements and implementation process.

Keywords: Risk Management, ISO 31000:2009, ISO

Suggested Citation

SINGHAL, K. R. and Singhal, Divya, Managing Risk in a Systematic Way (November 26, 2009). Available at SSRN: https://ssrn.com/abstract=1514187 or http://dx.doi.org/10.2139/ssrn.1514187

K. R. SINGHAL

National Centre for Quality Management - Ajmer Centre ( email )

Anasagar Circular Road
Ajmer 305 006
India

HOME PAGE: http://iso9001-2008awareness.blogspot.com

Divya Singhal (Contact Author)

Goa Institute of Management, Goa ( email )

Goa Institute of Management,
Ribandar
Goa, Goa 403006
India

HOME PAGE: http://www.gim.ac.in

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