ISO 73:2009 Risk Management Vocabulary is an attempt to promote a coherent approach to the description of activities relating to the management of risk. This post will present some of the most important terms, their definitions and usage in enterprise risk management.
ISO 28002 – Security management systems for the supply chain – Development of resilience in the supply chain – details how an organization can engage in a comprehensive and systematic process of prevention, protection, preparedness, mitigation, response, continuity and recovery.
Good corporate governance requires that companies adopt a methodical approach to risk management, and the IRM Risk Management Standard provides the toolbox. The Institute of Risk Management (IRM) published a Risk Management Standard in 2002.
