Risk Management: BS ISO 31000 vs. BS 31100

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 … [Read more...]