Enterprise Risk Management: A Primer for Business Leaders – Part V (The Birth of ISO 31000 in Australia and New Zealand)
Developed over a four period from 2004 to 2009, ISO 31000 has become the national ERM standard in over 50 countries and has been translated into 23 languages. The story of ISO 31000, however, begins in 1992 when Standards Australia announced the first public enquiry on the feasibility of creating an ERM framework. This article begins sharing the important work between 1992 and 2004 in Australia and New Zealand that would serve as the foundation for ISO 31000.
Enterprise Risk Management: A Primer for Business Leaders – Part IV (Contributions from Standards Australia and ISO)
Over the last 30 years, several different fields have attempted to devise frameworks to help organizations manage risk and uncertainty in a holistic way. In this article, we begin to look at the contributions from the international field of standardization which culminated in the creation of the ERM framework known as ISO 31000.
Lori Siwik and Mark Siwik are the founders of SandRun Risk. They apply the principles of vertical leadership and lean six sigma to the discipline of risk management. From time to time they share their blog with guest authors who write about important risk management principles.