Risk Management (glossary)
- an organized process for identifying and handling risk factors (ISO/IEC/IEEE 2010)
- an organized means of identifying and measuring risk (risk assessment) and developing, selecting, and managing options (risk analysis) for resolving (risk handling) these risks. (ISO/IEC/IEEE 2010)
- organized, analytic process to identify what might cause harm or loss (identify risks); to assess and quantify the identified risks; and to develop and, if needed, implement an appropriate approach to prevent or handle causes of risk that could result in significant harm or loss (ISO/IEC/IEEE 2010)
- coordinated activities to direct and control an organization with regard to risk (ISO/IEC 2008)
Source(s)
ISO/IEC/IEEE. 2010. Systems and Software Engineering - System and Software Engineering Vocabulary (SEVocab). Geneva, Switzerland: International Organization for Standardization (ISO)/International Electrotechnical Commission (IEC)/ Institute of Electrical and Electronics Engineers (IEEE). ISO/IEC/IEEE 24765:2010.
ISO/IEC/IEEE. 2008. Corporate governance of information technology. Geneva, Switzerland: International Organization for Standardization (ISO)/International Electrotechnical Commission (IEC)/ Institute of Electrical and Electronics Engineers (IEEE). ISO/IEC/IEEE 38500:2008.
Discussion
None.
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