|3. Course Description
- Risk is not a straightforward concept. Definitions of risk vary, even within documents published by the International Organizations for Standardization (ISO). One ISO definition indicates that risk is the “effect of uncertainty on an expected result.” Risk is now addressed by ISO 9001:2015, “Quality management systems—Requirements, in the international standard for quality management systems (QMS).
- This is a good time to emphasize a few notions about risk. Risk in ISO 9001:2015 and ISO 14001:2015 is general, that is, it is a concept that can be applied anywhere in an organization, including planning. In other words, risk can be described as a potential event that can be expressed in terms of consequence, impact, or severity of the impact and its related likelihood of occurrence.