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What is the purpose of AS/NZS ISO 31000:2009?

What is the purpose of AS/NZS ISO 31000:2009?

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ISO 31000:2009 is in place to standardize the existing and future risk management principles. It is applicable throughout the lifecycle of the organization and can be applied to decisions, operations, processes, etc.  The standard is generic in nature and does not specifically apply to any particular industry or sector. It provides a common approach in addition to the sector specific risks but does not replace the sector specific standards.

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