Differences
This shows you the differences between two versions of the page.
Both sides previous revisionPrevious revision | Next revisionBoth sides next revision | ||
articles:a_matter_of_risk [2020/06/01 18:46] – [SAE AS9100:2009 (Rev. C) & AS9100:2016 (Rev. D)] rrandall | articles:a_matter_of_risk [2020/06/07 11:35] – [ISO 31000:2018] rrandall | ||
---|---|---|---|
Line 131: | Line 131: | ||
At this point, "Note 1" becomes nonsensical because there is no definition or use of the word " | At this point, "Note 1" becomes nonsensical because there is no definition or use of the word " | ||
- | In effect, ISO 31000:2018 is stating that “opportunities __and__ threats” are two sides of the same “risk” coin; because the word " | + | In effect, ISO 31000:2018 is stating that “opportunities __and__ threats” are two sides of the same “risk” coin; because the word " |
It's important to note that risks typically result from an " | It's important to note that risks typically result from an " | ||
+ | |||
+ | The " | ||
+ | |||
+ | < | ||
+ | Conceptual – Risk can be seen as a source of variability which is a two-sided construct. The double side nature of variability is captured in the definition of risk that includes both positive and negative consequences. An opportunity is also an uncertain event since it is a possible future event. So both threats and opportunities are covered by this same description of risk as “uncertainty that matters”.</ | ||
While none of the above ISO documents define " | While none of the above ISO documents define " |