BUSINESS STANDARDS
is the quarterly magazine of BSI Group, highlighting the vital role that standards play in today's business environment. Regular features include interviews with leading business figures, as well as news on the latest developments in management systems and standards.
BS 31100: deadline passed
28 Jan 2008
Topics: Risk management, BS 31100
The first deadline date for comments on the draft of BS 31100 Code of practice for risk management has passed. The standard is intended to help organizations understand, develop, implement and maintain risk management plans. It establishes the principles and terminology for risk management, and gives recommendations for its model, framework, process and implementation. The revised draft is due for further public comment in February 2008.
If you are interested in BS 31100, visit:www.bsigroup.com/jan08bs8495 to register and we will inform you when it is published.
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Question: Why is risk management important to business?
First, there's more to risk management than just managing risk. Most organizations will talk about risk assessments, but the question is: what are they assessing? If you don't know what the threats are, then how can you conduct an effective risk assessment?
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