Courtesy: ISO 31000 Risk management Strategies to manage threats (uncertainties with negative consequences) typically include avoiding the threat, reducing the negative effect or probability of the threat, transferring all or part of the threat to another party, and even retaining some or all of the potential or actual consequences of a particular threat. The opposite […]
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Courtesy: ISO 31000 Risk management One of the key paradigm shifts proposed in ISO 31000 is a controversial change in how risk is conceptualised and defined. Under both ISO 31000:2009 and ISO Guide 73, the definition of “risk” is no longer “chance or probability of loss”, but “effect of uncertainty on objectives” … thus causing […]
Courtesy: ISO 31000 Risk management ISO 31000:2018 provides a set of principles, guidelines for the design, implementation of a risk management framework and recommendations for the application of a risk management process. The risk management process as described in ISO 31000 can be applied to any activity, including decision-making at all levels . The difference between […]
Courtesy: ISO 31000 Risk management ISO 31000 is a family of standards relating to risk management codified by the International Organization for Standardization. ISO 31000:2018 provides principles and generic guidelines on managing risks faced by organizations. ISO 31000 seeks to provide a universally recognized paradigm for practitioners and companies employing risk management processes to replace the myriad of existing […]
Courtesy: ISO 30400:2016 Human resource management At the macro-level, HR is in charge of overseeing organizational leadership and culture. HR also ensures compliance with employment and labor laws, which differ by geography, and often oversees health, safety, and security. Based on the geographic location, various laws may apply. In federal jurisdictions, there may be several federal laws that are […]
Courtesy: ISO 30400:2016 human resources management In the Soviet Union, meanwhile, Stalin’s use of patronage exercised through the “HR Department” equivalent in the Bolshevik Party, its Orgburo, demonstrated the effectiveness and influence of human-resource policies and practices, and Stalin himself acknowledged the importance of the human resource, exemplified in his mass deployment of it, as in the five-year plans and in the Gulag system. […]
Courtesy: ISO 30400:2016 Human resource management The human resources field began to take shape in 19th century Europe. It built on a simple idea by Robert Owen (1771-1858) and Charles Babbage (1791-1871) during the industrial revolution. These men concluded that people were crucial to the success of an organization. They expressed the thought that the well-being of employees led to perfect […]
Courtesy: ISO 30400:2016 Human resource management Human resource management (HRM or HR) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer’s strategic objectives. Human resource management is primarily concerned with […]
Courtesy: ISO 29990 Certification ISO 29990:2010 specifies basic requirements for providers of learning services in non-formal education and training. The ISO 9000 family of quality management systems (QMS) is a set of standards that helps organizations ensure they meet customer and other stakeholder needs within statutory and regulatory requirements related to a product or service. ISO 9000 deals with the fundamentals of QMS, including the seven […]
Courtesy: ISO 29001:2007 Certification ISO/TS 29001:2007 is a company level certification based on a technical specification published by the International Organization for Standardization (ISO) titled “Petroleum, petrochemical and natural gas industries — Sector-specific quality management systems — Requirements for product and service supply organizations”. The document was developed with cooperation from the American Petroleum Institute […]