Chris McClean, who blogs for Forrester reminds us that ISO 31000 will not be a game-changer nor start a revolution in the immediate future.
He agrees with many that organizations will benefit from a “commonly accepted risk vocabulary and a clearly defined process framework for risk management” however the biggest hurdles in risk management do not usually come from a misunderstanding of concepts, but rather from a difficulty translating those concepts into practical tools and processes.”
As your Riskczar, I am not one to get too excited by a framework, but it’s nice that 31000 is getting some well-deserved attention. Like it or hate it, it is getting people talking about risk management, and this is good for the profession.
To read some other reviews of ISO 31000, click on these links: