Difference between revisions of "Risk Management"
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| − | {{definition|Risk Management is all activities and structures directed towards the effective assessment and management of [[Risk|risks]] and their potential adverse [[Impact|impacts]]. <ref>[https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/61046/EP_Glossary_amends_18042012_0.pdf Glossary - Revision to Emergency Preparedness, Cabinet Office (2012)]</ref>}} <br /> | + | {{definition|Risk Management is all activities and structures directed towards the effective assessment and management of [[Risk|risks]] and their potential adverse [[Impact|impacts]]. <ref>[https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/61046/EP_Glossary_amends_18042012_0.pdf Glossary - Revision to Emergency Preparedness, Cabinet Office (2012)]</ref><br/><br/>Risk Management is a process of identifying, understanding, managing, controlling, monitoring and communicating [[risk]]. <ref>[https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/78902/section-a-natural-hazards-infrastructure.pdf Cabinet Office, Section A: Introduction, Definitions and Principles of Infrastructure Resilience n.d.] }} <br /> |
====[[United States]]==== | ====[[United States]]==== | ||
Revision as of 15:21, 5 February 2016
Contents
Definitions
European Definitions
EU
[CBRN] The process, distinct from Risk Assessment, of weighing policy alternatives, in consultation with all interested parties, considering risk assessment and other factors relevant for the health protection of workers and consumers, the protection of the environment and for the promotion of fair trade practices, and, if needed, selecting appropriate prevention and control options. [1]
ENISA
Risk Management is the process, distinct from risk assessment, of weighing policy alternatives in consultation with interested parties, considering risk assessment and other legitimate factors, and selecting appropriate prevention and control options. [2]
Other International Definitions
NATO CEP / EAPC
A deliberate process of understanding risk and deciding upon and implementing actions to reduce risk to a defined level, which is an acceptable level of risk at an acceptable cost. This approach is characterised by identifying, measuring, and controlling risks to a level commensurate with an assigned level. [3]
UNISDR
The systematic approach and practice of managing uncertainty to minimize potential harm and loss. [4]
According to UNISDR, risk management comprises risk assessment and analysis, and the implementation of strategies and specific actions to control, reduce and transfer risks. It is widely practiced by organizations to minimise risk in investment decisions and to address operational risks such as those of business disruption, production failure, environmental damage, social impacts and damage from fire and natural hazards. Risk management is a core issue for sectors such as water supply, energy and agriculture whose production is directly affected by extremes of weather and climate.
National Definitions
Australia
Risk management is the systematic application of management policies, procedures and practices to the tasks of identifying, analyzing, evaluating, treating and monitoring risk. [5]
Coordinated activities to direct and control an organization with regard to risk. [6]
Canada
Risk management is the use of policies, practices and resources to analyze, assess and control risks to health, safety, environment and the economy.
Recours à des politiques, à des pratiques et à des ressources pour analyser, évaluer et contrôler les risques pour la santé, la sécurité, l’environnement et l’économie. [7] [8]
Recours à des politiques, à des pratiques et à des ressources pour analyser, évaluer et contrôler les risques pour la santé, la sécurité, l’environnement et l’économie. [7] [8]
Czech Republic
Řízení rizik: Koordinované činnosti pro vedení a řízení organizace s ohledem na rizika. [9]
Risk management are coordinated activities to manage and control an organization in view of the risks. [10]
Risk management are coordinated activities to manage and control an organization in view of the risks. [10]
Finland
Riskienhallinta: järjestelmällinen toiminta, joka sisältää riskianalyysin sekä tarvittavien toimenpiteiden suunnittelun, toteutuksen, seurannan ja korjaavat toimenpiteet.
Risk management is a systematic action which includes risk analysis as well as the planning, execution and follow-up of operations needed and the corrective operations. -unofficial translation- [11]
Risk management is a systematic action which includes risk analysis as well as the planning, execution and follow-up of operations needed and the corrective operations. -unofficial translation- [11]
Germany
The totality of measures to minimise the risk situation, weighing up the strategic alternatives (optional courses of action) in consultation with the parties concerned and according due consideration to the Risk Assessment and other factors worthy of consideration. [12]
India
Risk management (in ICT) is the total process of identifying, controlling, and eliminating or minimizing uncertain events that may affect IT system resources. [13]
Ireland
Risk management are actions taken to reduce the probability of an event occurring or to mitigate its consequences. [14]
Japan
リスク管理: システム資源に影響を与える可能性がある不確実なイベントを識別、統制し、根絶もしくは最小化する過程.
(Cyber) Risk management is the process of identifying, controlling, and eliminating or minimizing uncertain events that may affect system resources. [15]
(Cyber) Risk management is the process of identifying, controlling, and eliminating or minimizing uncertain events that may affect system resources. [15]
Netherlands
Risk management is the process that aims to identify and control the risk.
Risicomanagement is het proces dat beoogt risico's te inventariseren en te beheersen. [16]
Risicomanagement is het proces dat beoogt risico's te inventariseren en te beheersen. [16]
New Zealand
Risk management is the process of analysing exposure to risk, and determining how to manage that exposure. [17]
The level of risk is arrived at by examining the likelihood and consequences of the hazard and whether the course of action is acceptable for the outcome that needs to be achieved. (Likelihood x Consequences = Risk).
Republic of Trinidad & Tobago
The systematic approach and practice of managing uncertainty to minimize potential harm and loss. [18]
Romania
Risk management (in ICT) is a complex, continuous and flexible identification, evaluation and fighting of cyber security risks, based on the use of complex tools and techniques to prevent losses of any kind.
Managementul riscului: un proces complex, continuu şi flexibil de identificare, evaluare şi contracarare a riscurilor la adresa securităţii cibernetice, bazat pe utilizarea unor tehnici şi instrumente complexe, pentru prevenirea pierderilor de orice natură. [19]
Managementul riscului: un proces complex, continuu şi flexibil de identificare, evaluare şi contracarare a riscurilor la adresa securităţii cibernetice, bazat pe utilizarea unor tehnici şi instrumente complexe, pentru prevenirea pierderilor de orice natură. [19]
United Kingdom (UK)
Risk Management is all activities and structures directed towards the effective assessment and management of risks and their potential adverse impacts. [20]
Risk Management is a process of identifying, understanding, managing, controlling, monitoring and communicating risk. Cite error: Closing
Risk Management is a process of identifying, understanding, managing, controlling, monitoring and communicating risk. Cite error: Closing
</ref> missing for <ref> tagNIST
Prioritizing, evaluating, and implementing the appropriate risk-reducing controls/countermeasures recommended from the risk management process. (Source: CNSSI-4009; NIST SP 800-30; NIST SP 800-39)
Standard Definition
ISO/IEC 27000:2014 and ISO 31000:2009
These standards defines risk management as
Coordinated activities to direct and control an organization with regard to risk. [21] [22]
(based on the ISO Guide 73:2009[23])
(based on the ISO Guide 73:2009[23])
Risk management process is the systematic application of management policies, procedures and practices to the activities of
communicating, consulting, establishing the context and identifying, analysing, evaluating, treating,
monitoring and reviewing risk. [21] (based on the ISO Guide 73:2009 [23]). ISO/IEC 27005 uses the term ‘process’ to describe risk management overall. The elements within the risk management process are termed ‘activities’.
See also
- Disaster Risk
- Risk Analysis
- Risk Assessment
- Risk Identification
- Risk Transfer
- Risk Treatment
- Risk Mitigation
Notes
- ↑ European Commission's CBRN Glossary, 2012
- ↑ ENISA Risk Glossary
- ↑ [NATO EAPC(SCEPC) lexicon.]
- ↑ 2009 UNISDR Terminology on Disaster Risk Reduction
- ↑ Australian Emergency Management Glossary, Emergency Management Australia (1998)
- ↑ Australia AS NZS 5050 (2010)
- ↑ [http://www.publicsafety.gc.ca/cnt/rsrcs/pblctns/mrgnc-mngmnt-frmwrk/index-eng.aspx An Emergency Management Framework for Canada (Second Edition)
- ↑ Vocabulaire de la gestion des urgencies/Emergency Management Emergency Management Vocabulary 281 (2012)
- ↑ http://www.govcert.cz/download/nodeid-561 Výkladový slovník kybernetické bezpečnosti (2013)
- ↑ Act No. 181 of 23 July 2014 On Cyber Security and Change of Related Acts (Act on Cyber Security)
- ↑ Vocabulary of Comprehensive Security. Helsinki (TSK 47) (2014)
- ↑ http://www.kritis.bund.de/SharedDocs/Downloads/Kritis/EN/Baseline%20Protection%20Concept.pdf Protection of Critical Infrastructures – Baseline Protection Concept: Recommendation for Companies, BMI.
- ↑ India's DGQA Cyber Security Policy (2015)
- ↑ A FRAMEWORK FOR MAJOR EMERGENCY MANAGEMENT (APPENDICES)
- ↑ http://www.ipa.go.jp/security/rfc/RFC2828EN.html RFC2828 (Japanese translation)
- ↑ Zakboekje Preventie Cybercrime (2008
- ↑ The New Zealand Coordinated Incident Management System, Department of the Prime Minister and Cabinet, New Zealand. (2014)
- ↑ Comprehensive Disaster Management Policy Framework for Trinidad and Tobago
- ↑ Hotărârea nr. 271/2013 pentru aprobarea Strategiei de securitate cibernetică
- ↑ Glossary - Revision to Emergency Preparedness, Cabinet Office (2012)
- ↑ 21.0 21.1 ISO/IEC 27000:2014, Information technology -- Security techniques -- Information security management systems -- Overview and vocabulary
- ↑ ISO/IEC 31000:2009, Risk management -- Principles and guidelines
- ↑ 23.0 23.1 ISO Guide 73:2009 Risk management -- Vocabulary
