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 [...]
Posts Tagged ‘31000’
More subdued view of ISO 31000
Posted in ERM Basics, Frameworks, tagged 31000, 4360, Chris McClean, COSO ERM, Forrester on December 3, 2009 | Leave a Comment »
Half-risk management is not risk management
Posted in ERM Basics, Frameworks, My Opinions, tagged 31000, ERM, Framework, Raiders of the Lost Ark on December 1, 2009 | Leave a Comment »
Many organizations think that they can pick and choose which parts of an ERM framework to use and call what they do “risk management”. I say that identifying a few risks and performing some assessments is not risk management: this is only half-risk management. When I see this sort of thing, it reminds me of [...]
Risk management standards expert supports ISO 31000
Posted in ERM Basics, Frameworks, tagged 31000, Kevin Knight on November 27, 2009 | Leave a Comment »
Risk management standards expert Kevin Knight says ISO 31000 is “a more concise, clear and flexible set of guidelines developed for risk management.” He also indicates that it will be more helpful in “supporting corporate governance for risk management among companies and enterprises”. Click here to rest of the story.
Happy Thanksgiving – have a turkey
Posted in ERM Basics, Frameworks, Humour, tagged 31000, COSO ERM, Thanksgiving, turkey on November 26, 2009 | 1 Comment »
It’s Thanksgiving in the US, a day traditionally spent with family and marked by the enjoying of a turkey. Well, since the release of ISO 31000 last week, it is pretty clear that COSO ERM framework is the biggest turkey of them all. So give COSO ERM one final read this today. And like eating [...]
More glowing reviews of ISO 31000
Posted in ERM Basics, Frameworks, Risk management, Uncategorized, tagged 31000, Bruce McCuaig, COSO ERM, Tim Leech on November 25, 2009 | 1 Comment »
Bruce McCuaig, VP of risk and compliance at Paisley is very excited about ISO 31000 Risk Management – Principles and Guidelines. He writes “This is 24 pages every assurance professional must read.” To read his complete review, visit his blog here. I think if we get one more review like this to go with Tim [...]
COSO ERM book is like an 8-Track player
Posted in ERM Basics, Frameworks, Humour, My Opinions, tagged 31000, 4360, Cendrowski, COSO ERM, Trevor Levine on November 24, 2009 | 2 Comments »
I have to give my props to Harry Cendrowski and William C. Mair of Cendrowski Corporate Advisors for writing a book about enterprise risk management, but writing one titled “Enterprise Risk Management and COSO: A Guide for Directors, Executives, and Practitioners,” with the word “COSO” right there in the title is troubling to me. The [...]
Tim Leech raves about ISO 31000
Posted in ERM Basics, Frameworks, League of Extraordinary Risk Gentlemen, Risk management, Thought Leadership, tagged 31000, CHF 112, Mike Cammalleri, Norman Marks, Slap Chop, Tim Leech, Toblerone on November 22, 2009 | 2 Comments »
I just found some cash in the pocket of my winter coat which I was planning on spending on a Slap Chop™ and a Mike Cammalleri jersey but I decided it would be better spent on my very own copy of the new Risk Management–Principles and Guidelines (ISO 31000). For those of you awaiting my [...]
I’ll review ISO 31000 if you send me a copy
Posted in Frameworks, Humour, tagged 31000, 4360, COSO ERM, Framework, risk on November 19, 2009 | Leave a Comment »
It looks like the long-awaited new International Standard, ISO 31000:2009, Risk management – Principles and guidelines is finally out and can be yours for only CHF 112, or about USD 110 or CAD 116. Here’s the link to the press release http://www.iso.org/iso/pressrelease.htm?refid=Ref1266 I am fresh out of Swissees these days. If anyone has a copy [...]
ISO 31000 is the “New Age in Risk Management”
Posted in Frameworks, Risk management, tagged 31000, ERM, standard on October 29, 2009 | Leave a Comment »
Courtesy of Reuters http://www.reuters.com/article/pressRelease/idUS246464+28-Oct-2009+BW20091028 From October 2009 corporations of different sizes and industries will be faced with a new universal standard focused on Risk Management. Dubbed ISO 31000: Principles and guidelines for risk management; the new guidelines were developed by the Organization for Standardization (ISO) in response to the need to standardize the existing norms, [...]
From AS/NZS 4360 to ISO 31000 – A history lesson
Posted in ERM Basics, Frameworks, Risk management, Thought Leadership, tagged 31000, 4360, AS/NZS 4360, Australia, ERM, ISO 31000, New Zealand, Trevor Levine on October 23, 2009 | 3 Comments »
A consultant from New Zealand named Chris Peace, traces the history of the AS/NZS 4360 standard and the new ISO 31000, due out just in time for Christmas, in this copy of Safety and Health Practitioner dated October 16, 2009. Although the original 1995 edition of the AS/NZS 4360 standard was developed from earlier risk-management [...]
