Setting a New Standard for Risk Management

ISO 31000:2009

• AHMAD FAUZI BIN SUPONO 032816• MOHAMMAD SABRI BIN GULAM 032160• MOHD ARIF BIN SAKKA 032734• MOHD SAIFUL BIN AHMAT 032697• ZULKIFLI BIN ISMAIL 032765• NOREHAN BINTI YAZID 032631• NAZRATUL SHAHIRA BINTI 033089 ZAINAL

ABIDIN

SPECIAL THANKS TO:Associated Prof Dr Wan Norhayate Wan Daud

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Grant Purdy

The new standard supports a new, simple way of thinking about risk and risk management and is intended to begin the process of resolving the many inconsistencies and ambiguities that exist between many different approaches and definitions.

1. One vocabulary;2. A set of performance criteria;3. One, common overarching process for identifying,analyzing, evaluating, and treating risks;4. Guidance on how that process should be integratedinto the decision-making processes ofany organization.

INTRODUCTION : ISO 31000:2009

FINDING?

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ISO 31000 requires all risk management practitioners to examine their current ways of working and the language they use so that their customers, easy to get,, consistent, useful, and apparent information.

•CONCLUSION•ISO 31000:2009 nowadays has become the most widely used standard for risk management in their organizations. its implementation become more understandableand appear less onerous for smaller, simpler organizations.

•Greater consistency in definitions and processcan only lead to greater confidence in decisionmaking and, ultimately, to better decisions