2009-08-04

By Editor, CIR

The new International Organization for Standardization (ISO) 31000:2009 standard will be available in October, following the finalisation of the ISO Guide 73:2009 of international standards.

The new standard draws heavily from a standard used by the Standards Australia/Standards New Zealand Joint Technical Committee on Risk Management, which has already approved adoption of the standard AS/NZS/ISO 31000:2009 to replace its AS/NZS 4360:2004 standard. The Australia-New Zealand version of the new standard should be available in about six weeks' time.

The standard is aimed at giving risk managers, particularly those with multinational organisations, an approach that is more applicable to their operations than the Australia-New Zealand standard, which was written with a regional focus.

The international risk management standard provides generic guidelines that can be used by any industry or organisation, and is applicable to all risks, according to ISO. It is not, however, intended to provide any type of certification.

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