Standards company, BSI has published its latest standard for risk management. BS EN IEC 31010:2019 Risk management – Risk assessment techniques shows how to select and apply risk assessment techniques in a wide range of contexts, comparing their possible applications, benefits and limitations.

This technical revision replaces BS EN 31010:2010 Risk management - Risk assessment techniques with the aim of providing more detail on the process of planning, implementing, verifying and validating the use of the different techniques. The number and range of application of the techniques has also been increased.

Associate director of committees at BSI, Dan Palmer said risk assessments are a critical tool used to take the measures necessary to proactively mitigate risk, protect people and the organisation.

“The risk assessment process can be made simple through using BS EN IEC 31010:2019. It provides guidance on the selection and application of various techniques that can be used to help improve the way uncertainty is taken into account and to help understand risk,” he added.

The BSI’s new standard will be applicable to those responsible for carrying out risk assessments for compliance or conformance purposes; commissioning or evaluating risk assessments; understanding the outcomes of assessments; and choosing assessment techniques to meet organisational needs.

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