London — The British Standards Institution (BSI) published BS 31100, a code of practice for risk management. The standard is designed to provide a basis for understanding, developing, implementing and maintaining risk management within any organization in order to enhance an organization's likelihood of successfully achieving its objectives. This British Standard establishes the principles and terminology for risk management, and gives recommendations for the model, framework, process and implementation of risk management.
BS 31100 is intended for use by anyone with responsibility for:
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