Jim de Loach MD of Protiviti said in a recent podcast that COSO RM framework is more of evaluation framework, while ISO 31000 based RM framwork is more of a illustrating process.
I am not sure what he meant by that. If he might not have mistaken ISO 31000 consists of stages such as Identification, Assessment and Measurement. Aren't these stages 'evaluation'?
If i have understood it wrongly then please i request Jim De Loach to clarify this point.
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This might be of Help...
http://www.soa.org/library/newsletters/risk-management-newsletter/2...
Start at page #8
How can I view the COSO and ISO31000?
@agranovb Risk is notionally defined as the potential adverse impact of an uncertain event, and can be quantified in units of loss Ayyub2003Mentioned in this Tweet
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