ISO/TS 31050:2023
Risk management — Guidelines for managing an emerging risk to enhance resilience
This document gives guidance on managing emerging risks that an organization can face. This document complements ISO 31000.
This document is applicable to any organization, at any stage and to any activity of the organization. Its application can be customized to suit different organizations or the context of different organizations.
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Foreword
Introduction
1 Scope
2 Normative references
3 Terms and definitions
4 Emerging risks
4.1 Nature of emerging risks
4.2 Characterization of emerging risks
4.2.1 General
4.2.2 Knowledge aspects
4.2.3 Measurement aspects
4.2.4 Time dimension
4.2.5 Volatility aspects
4.3 Development of emerging risks
4.4 Relationship between managing emerging risks and organizational resilience
5 Principles
5.1 General
5.2 Integrated
5.3 Structured and comprehensive
5.4 Customized
5.5 Inclusive
5.6 Dynamic
5.7 Best available information
5.8 Human and cultural factors
5.9 Continual improvement
6 Process
6.1 Applying the ISO 31000 process to emerging risks
6.2 Communication and consultation
6.3 Scope, context and criteria
6.3.1 Scope and context
6.3.2 Criteria
6.4 Risk assessment
6.4.1 General
6.4.2 Identifying emerging risks
6.4.3 Analysing emerging risks
6.4.4 Evaluating emerging risks
6.5 Risk treatment
6.6 Monitoring and review
6.7 Recording and reporting
7 Enhancing resilience by managing emerging risks
7.1 Capability development
7.2 Emerging risks and resilience indicators
8 Risk intelligence cycle and managing emerging risks
8.1 Overview
8.2 Applying knowledge to decisions on emerging risks
Annex A (informative) Examples of changes in context that can be sources of emerging risks
Annex B (informative) Example of emerging risks description or recording template
Annex C (informative) Systemic risks
Annex D (informative) Example factors that can influence managing emerging risks
Annex E (informative) Knowledge and risk intelligence cycle for managing emerging risks
Annex F (informative) Example of a completed resilience indicator template
Bibliography
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Related Information
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AS/NZS 5050(Int):2020
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AS/NZS IEC 62198:2015
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Foreword
Introduction
1 Scope
2 Normative references
3 Terms and definitions
4 Emerging risks
4.1 Nature of emerging risks
4.2 Characterization of emerging risks
4.2.1 General
4.2.2 Knowledge aspects
4.2.3 Measurement aspects
4.2.4 Time dimension
4.2.5 Volatility aspects
4.3 Development of emerging risks
4.4 Relationship between managing emerging risks and organizational resilience
5 Principles
5.1 General
5.2 Integrated
5.3 Structured and comprehensive
5.4 Customized
5.5 Inclusive
5.6 Dynamic
5.7 Best available information
5.8 Human and cultural factors
5.9 Continual improvement
6 Process
6.1 Applying the ISO 31000 process to emerging risks
6.2 Communication and consultation
6.3 Scope, context and criteria
6.3.1 Scope and context
6.3.2 Criteria
6.4 Risk assessment
6.4.1 General
6.4.2 Identifying emerging risks
6.4.3 Analysing emerging risks
6.4.4 Evaluating emerging risks
6.5 Risk treatment
6.6 Monitoring and review
6.7 Recording and reporting
7 Enhancing resilience by managing emerging risks
7.1 Capability development
7.2 Emerging risks and resilience indicators
8 Risk intelligence cycle and managing emerging risks
8.1 Overview
8.2 Applying knowledge to decisions on emerging risks
Annex A (informative) Examples of changes in context that can be sources of emerging risks
Annex B (informative) Example of emerging risks description or recording template
Annex C (informative) Systemic risks
Annex D (informative) Example factors that can influence managing emerging risks
Annex E (informative) Knowledge and risk intelligence cycle for managing emerging risks
Annex F (informative) Example of a completed resilience indicator template
Bibliography