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Risk Management Standard Practices...and Best Practices: ISO 31000
Risk management can be reduced. International standards are tightening for risky endeavors, be they environmental, safety or financial -- and organization management can prepare for international trade with globally accepted ISO standards.
Risk management, or the lack of it, has never been so evident. The heads of ALL the major oil companies testified to the US Congress that none of them are prepared for the risks inherent in deep sea oil production. None of them!
ISO standards (International Standards Organization) provides a structure for companies and organizations of all kinds to reduce their risk -- and manage the risks that are inherent to their business. If you couple this risk management framework with the ISO standards for environmental standards -- this old earth just might survive our human hubris as we play Icarus and fly too close to disaster.
Here's a brief outline of the ISO standards for Risk Management, ISO 31000 that can provide career advancement pathways, and with implementation of ISO standards, can provide new markets for companies in nations and industries that have tough standards for vendors.
ISO 31000: International Risk Management Standards
To use this fully interactive mindmap, click on the round circles to reveal the next layer of information.
Edited by Carolyn Allen