Practical sheet | REF: FIC0448 V1

Understanding ISO 31000 – Risk management – Guidelines

Author: Olec KOVALEVSKY

Publication date: June 10, 2023 | Lire en français

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    6. Glossary

    Definitions are taken from ISO 31000 – Risk management — Guidelines.

    Risk

    The effect of uncertainty on objectives.

    Risk management

    Coordinated activities designed to manage and steer an organization with respect to risk.

    Source of risk

    Any element which, alone or in combination with others, is likely to give rise to a risk.

    Event

    Occurrence or change of a particular set of circumstances.

    Consequences

    Effect of an event affecting objectives.

    Verisimilitude

    Possibility of something happening.

    Means of control

    Action that maintains and/or modifies...

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