Difference between revisions of "Risk Management"
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===Standard Definition=== | ===Standard Definition=== | ||
− | ==== ISO/IEC 27000:2014 ==== | + | ==== ISO/IEC 27000:2014 and ISO 31000:2009 ==== |
− | <big> | + | <big>These standards defines risk management as</big> |
− | {{definition|Coordinated activities to direct and control an organization with regard to [[risk]]. <ref name="ISO27000-14"> [http://www.iso.org/iso/home/store/catalogue_ics/catalogue_detail_ics.htm?csnumber=63411 ISO/IEC 27000:2014, Information technology -- Security techniques -- Information security management systems -- Overview and vocabulary]</ref>(based on the ISO Guide 73:2009<ref name="ISOGuide73">[http://www.iso.org/iso/catalogue_detail?csnumber=44651 ISO Guide 73:2009 Risk management -- Vocabulary]</ref>)}} | + | {{definition|Coordinated activities to direct and control an organization with regard to [[risk]]. <ref name="ISO27000-14"> [http://www.iso.org/iso/home/store/catalogue_ics/catalogue_detail_ics.htm?csnumber=63411 ISO/IEC 27000:2014, Information technology -- Security techniques -- Information security management systems -- Overview and vocabulary]</ref> <ref name="ISO31000-09"> [http://www.iso.org/iso/home/store/catalogue_tc/catalogue_detail.htm?csnumber=43170 ISO/IEC 31000:2009, Risk management -- Principles and guidelines]</ref> <br />(based on the ISO Guide 73:2009<ref name="ISOGuide73">[http://www.iso.org/iso/catalogue_detail?csnumber=44651 ISO Guide 73:2009 Risk management -- Vocabulary]</ref>)}} |
<big>Risk management process is the systematic application of management policies, procedures and practices to the activities of | <big>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, | communicating, consulting, establishing the context and identifying, analysing, evaluating, treating, | ||
− | monitoring and reviewing [[risk]]. <ref name="ISO27000-14"> [http://www.iso.org/iso/home/store/catalogue_ics/catalogue_detail_ics.htm?csnumber=63411 ISO/IEC 27000:2014, Information technology -- Security techniques -- Information security management systems -- Overview and vocabulary]</ref> (based on the ISO Guide 73:2009<ref name="ISOGuide73">[http://www.iso.org/iso/catalogue_detail?csnumber=44651 ISO Guide 73:2009 Risk management -- Vocabulary]</ref>). ISO/IEC 27005 uses the term ‘process’ to describe risk management overall. The elements within the risk management process are termed ‘activities’.</big><br /> | + | monitoring and reviewing [[risk]]. <ref name="ISO27000-14"> [http://www.iso.org/iso/home/store/catalogue_ics/catalogue_detail_ics.htm?csnumber=63411 ISO/IEC 27000:2014, Information technology -- Security techniques -- Information security management systems -- Overview and vocabulary]</ref> (based on the ISO Guide 73:2009 <ref name="ISOGuide73">[http://www.iso.org/iso/catalogue_detail?csnumber=44651 ISO Guide 73:2009 Risk management -- Vocabulary]</ref>). ISO/IEC 27005 uses the term ‘process’ to describe risk management overall. The elements within the risk management process are termed ‘activities’.</big><br /> |
==See also== | ==See also== |
Revision as of 23:37, 29 May 2015
Contents
Definitions
European Definitions
Other International Definitions
NATO CEP / EAPC
UNISDR
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
Canada
Czech Republic
Koordinované činnosti pro vedení a řízení organizace s ohledem na rizika.
Germany
New Zealand
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).
United Kingdom (UK)
United States
DHS
NIST
Standard Definition
ISO/IEC 27000:2014 and ISO 31000:2009
These standards defines risk management as
(based on the ISO Guide 73:2009[14])
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. [12] (based on the ISO Guide 73:2009 [14]). 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
- ↑ [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)
- ↑ Act No. 181 of 23 July 2014 On Cyber Security and Change of Related Acts (Act on Cyber Security)
- ↑ http://www.kritis.bund.de/SharedDocs/Downloads/Kritis/EN/Baseline%20Protection%20Concept.pdf Protection of Critical Infrastructures – Baseline Protection Concept: Recommendation for Companies, BMI.
- ↑ The New Zealand Coordinated Incident Management System, Department of the Prime Minister and Cabinet, New Zealand. (2014)
- ↑ Glossary - Revision to Emergency Preparedness, Cabinet Office (2012)
- ↑ DHS Risk Lexicon 2010 Edition, September 2010
- ↑ 12.0 12.1 ISO/IEC 27000:2014, Information technology -- Security techniques -- Information security management systems -- Overview and vocabulary
- ↑ ISO/IEC 31000:2009, Risk management -- Principles and guidelines
- ↑ 14.0 14.1 ISO Guide 73:2009 Risk management -- Vocabulary