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Question 408 - CSCP discussion

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The ISO 31000 standard can be best used for which of the following actions?

A.
Certifying in risk management
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A.
Certifying in risk management
B.
Seeking generic guidelines on risk management
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B.
Seeking generic guidelines on risk management
C.
Comparing risk management practices
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C.
Comparing risk management practices
D.
Creating industry specific risk management practices
Answers
D.
Creating industry specific risk management practices
Suggested answer: B

Explanation:

The ISO 31000 standard provides a set of principles, guidelines, and best practices for risk management that can be applied to any organization, regardless of its size, industry, or sector. It is designed to help organizations identify, assess, and mitigate risks in a systematic and consistent manner. The standard is not intended for certification purposes (option A) but rather for providing a comprehensive framework for managing risk. It can be used to compare risk management practices to some extent (option C) and to inform the creation of industry-specific practices (option D), but its primary purpose is to offer generic guidelines.

Reference: ISO 31000:2018 - Risk management -- Guidelines.

asked 16/09/2024
Welton Harris
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