Risk Management Principles and Guidelines

ABSTRACT This article examines ISO 31000-2009, also referred to as ANSI/ASSE Z690.2, the second of a trio of standards dealing with the concept of Risk. In our first review (Luko 2013 Luko , S. N. ( 2013 ). Risk management terminology . Quality Engineering , 25 ( 3 ): 292 – 297 .[Taylor & Francis Online], [Web of Science ®] , [Google Scholar]) risk management terminology was reviewed. The terminology documents, ISO Guide 73 and ANSI/ASSE Z690.1-2011, were found to be identical and contained all of the risk vocabulary used in the subsequent two standards. In the present review, the second of the trio of standards concerning risk is treated. The general topic of this standard is risk management principles and…