Article | REF: SE1022 V1

ISO 31000 Risk Management Standard Subtitle : An Empirical Approach

Author: Nicolas DUFOUR

Publication date: June 10, 2020 | Lire en français

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    14. Glossary

    Risk appetite

    Risks considered acceptable and accepted as they stand, in the light of the company's strategic decisions.

    Key risk indicators (KRI); Indicateur clé de risque (KRI)

    These are indicators used to assess the level of risk involved in an activity, or the sources of non-performance of an entity or process in terms of risk.

    Risk limits

    All cases where the company defines a risk as unacceptable or no longer acceptable if it is exceeded (qualitative or quantitative limits).

    Risk management policy

    A set of guidelines defined by corporate governance in terms of risk management.

    Procedure

    Document formalizing how to apply a treatment or activity, based on management...

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