ISO 31000:2009 on risk management principles and guidelines (adopted in the U.S. as ANSI/ASSE Z690.2) is being revised to make the standard easier to apply and clearer in its guidance.
“This is achieved by using a simple language to express the fundamentals of risk management in a way that is coherent and understandable to users,” explains ISO’s Sandrine Tranchard. “The major task was finding the right balance between giving sufficiently detailed guidance and writing an entire textbook. The text has been reduced to its fundamental concepts to create a shorter, clearer and more concise document.”
As part of that effort, the standard’s terminology has been streamlined, with some terms moved to ISO Guide 73, Risk management—Vocabulary, a companion document to ISO 31000. ISO also says the guidance on building a risk management framework, which applies to all users, has been expanded to include country- and industry-specific concepts or examples. The revised draft standard also contains more information on the importance of human and cultural factors and on the need to embed risk management within the decision-making process.
The revision is now at the draft international standard (DIS) stage and is available for public comment. The next step will be the final DIS stage. ISO expects to publish the new version of ISO 31000 in late 2017 or early 2018.
The Standards Insider column in the March 2017 issue of Professional Safety two key elements of ANSI/ASSE Z690.2. Read it here.