Application of the proportionality principle: adapted risk management
ISO 31000 Risk Management Standard Subtitle : An Empirical Approach

The standard suggests that risk management systems should be appropriately sized, both in terms of their level of intervention and their resources. This implies a rationale of efficiency in terms of the resources dedicated to risk management, which are necessarily limited, and their use. As a deputy general manager whom the author met on a corporate mission put it: "Risk management does not have unlimited resources; as a risk manager, you have to focus...