Overview Monitor displaying ISO WebsiteIn November of 2009, the International Or

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Overview
Monitor displaying ISO WebsiteIn November of 2009, the International Organization for Standardization (ISO) (Links to an external site.) published a set of standards (Links to an external site.) relating to risk management. These guidelines, known as ISO 31000: 2009 (Links to an external site.), provide a generic framework for the design, implementation, and maintenance of risk management processes throughout an organization. These standards are designed to align a common set of risk management objectives across projects, functions, and processes in a way that is applicable to any organization, regardless of size or type.
Assignment
This activity includes some light research, a short reading, and writing a brief paper on ISO 31000: 2009.
Step 1: Explore the ISO website (Links to an external site.) to gain insight into the purpose and scope of the organization.
Step 2: Read the article from the Hunt Library: ISO 31000:2009—Setting a New Standard for Risk Management (Purdy, 2010). (Links to an external site.)
Sep 3: Write a short paper (approximately 500 words, double-spaced, current APA format) explaining the evolution of risk management standards. Why are these standards necessary? Do these standards resolve inconsistencies in approaches to risk management? What are the challenges inherent in a global standardization?
Attached below is the ISO 31000:2009

 

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