This standard provides standards writers with generic definitions of risk management terms. It is intended as generic document in the preparation or revision of standards that include aspects of risk management.
The aim of this standard is to promote a coherent approach to the description of risk management activities and the use of risk management terminology.
GB/T 20000.4-2003 deals with safety aspects.
2 Overview of risk management terms and definitions
The relationships between the terms and definitions for risk management are shown in Figures 1 to 3.
Risk management is part of the broader management processes of organizations. Risk management depends on the context in which it is used. The words used in each context may vary.
Where terms related to risk management are used in a standard, it is imperative that their intended meanings within the context of the standard are not misinterpreted or misunderstood. Accordingly, this standard provides definitions for the various meanings that each term is likely to have, without giving definitions that contradict each other.
Increasingly, organizations utilize risk management processes in order to optimize the management of potential opportunities. This differs from the risk assessment process explained in GB/T 20000.4-2003, where risk is taken as producing only negative consequences. However, since the business community increasingly adopts the broader approach to risk, this standard seeks to address both situations.
The definitions in this standard are broader in concept than those in GB/T 20000.4-2003. For all safety-related matters, the definitions given in GB/T 20000.4-2003 apply. These are given in Annex A.
An alphabetical list of terms is given in both Chinese and English.
Note: When a term which is defined in this standard is cited in another definition, it is given in boldface with its cross-reference.
