Managing Risk in a Systematic Way
6 Pages Posted: 28 Nov 2009
Date Written: November 26, 2009
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
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