Several inquiries have reached the attention of our staff regarding BS ISO 31000 and its related code of practice BS 31100, since we recently posted an article regarding the Icelandic Volcano eruption as measured through the lens of ISO 31000.
To respond to those requests, we would like to state that BS ISO 31000 is the international standard for risk management and provides principles and guidelines to the subject. And, BS 31100 is a code of practice that compliments BS ISO 31000. BS 31100 also gives additional guidance to risk management that is not covered in the international standard.
The documents take an almost identical approach to risk management but some of the headings and terms used are different.
For those readers more interested in this topic we suggest you click here to view the BSI Workshop website and read what they have to say about these documents and see how they differ regarding the risk management process.
Hopefully you will find this interesting enough to pass along to those risk assessment team members in your organization(s)……
If you have any comments on these documents, please share them with our business continuity and risk management community of readers of this website.