IEC 31010:2019
Clause 6.1: Plan the assessment – IEC 31010:2019

IEC 31010:2019 6.1.6.3: 6.1.6.3 Criteria for evaluating the significance of risk

Criteria for the significance of risk may use any characteristic of risk and can bring in matters of ethics, culture, law, society, reputation, the environment, contracts and money. Significance is often judged by comparing the magnitude of risk with thresholds around objectives to see which risks to treat first. Magnitude is rarely the only factor: sustainability, resilience, legal and ethical criteria, control effectiveness, the impact if controls fail, timing, control cost and stakeholder views also count.

Maintained by Gerard Blokdyk

Other controls in Clause 6.1: Plan the assessment – IEC 31010:2019

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The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.