ISO 31000 is becoming a popular risk framework, a credible alternative for COSO and many organisations across the planet are now selecting this approach for formalizing their internal risk programs directly. Actually, ISO 31000 is probably taking the lions share of market interest for risk management at present and that isn't such a bad thing.
One aspect that sets ISO aside from many other risk frameworks in use, is its clear delineation yet connection between an objective and the objectives uncertainty. In this article we take a brief look at this relationship.
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