Michael Parkinson, Chairman of IIA Australia's Technical Committee is interviewed by Todd Davies, Technical and Policy Director of IIA Australia. They discuss what ISO 31000 means for risk management.
"7 days left...
There are only two weeks left until the international conference on ISO 31000, 21&22 May 2012 in Paris. We have managed to obtain some extra capacity at the venue and are able to accommodate more delegates. So it is still not too…"
Is your risk management program on target ?This Conference will help you to get the benefits of referring to the ISO 31000 standard.With more than 30+ speakers, 4 plenary sessions, 10 parallel sessions including training opportunities, this…
"Fayaz Malik started this discussion from the LinkedIn group on the ISO 31000 Risk Management Standard. We have reached 5000+ members and growing with 100 new members every week.For those interested to listen to the original interview of Jim de Loach…"
While all risk practitioners are using words on risk management matters, are you sure that we all understand the same meaning of these words ? You are kindly invited to comment, review or even criticize the present terminology used in the…
If you are interested in the new risk management standard ISO 31000, I am animating a groupe in LINKEDIN called ISO 31000:2009 Risk management Standard
Here is a link : http://www.linkedin.com/groups?mostPopular=&gid=1834592
You can…"
"Risk should, must be managed ! jacob szafranski said:
Nagesh, well put. You hit the nail on the head. It is not a matter of substitution or elimination, as you said its management. If you are not prepared to take risk, you should not play."
"Of course, risk can be eliminated !!! Nagesh Bharadwaj said:
There is nothing called "Risk Elimination". Any risk management practioner will tell you that Risk cannot be eliminated. As a matter of opinion, risk need not be eliminated. If there…"
"1. This is contractual transfer for risk control2. This is risk avoidance (risk elimination)
James Cole said:
I suspect the answer to your question is often going to be "both".
A company with a problematic IT operation. The Board decides to…"
"A letter of Credit is not risk reduction but risk financing ! jacob szafranski said:
Substitution is the simpler of the two. Instead of taking the risk of your direct counterpart you ask them to post a Letter of Credit, provide parent or corporate…"
"This is also a good explanation...Thanks for sharing, David and Happy New Year 2011 to you. Alex David L Russell, PE said:
I'll offer a bit of an explanation. I'm sure others may disagree.
The concept of risk relates to the concept of…"
First : Vocabulary. In risk management like in any field, the first step is to define a vocabulary for everyone to use. A good start would be to use the ISO guide 73:2009 which defines about 53 terms linked to risk management.
If you…"
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