According to the definition in ISO 31000, risk is the impact of uncertainty on [achieving] your objectives. Of course, this impact can be both negative or positive. ISO 31000 states the following:
“Clause 6.4.2 Risk identification: The organisation should identify risks, whether or not their sources are under its control.
Clause 6.4.3 Risk analysis: The effectiveness of existing Continue reading
Dr. Davison has more than 30 years’ experience in environmental management, integrated water cycle management and risk assessment. Davison has more than 30 years’ experience in environmental management, integrated water cycle management and risk assessment. She is the Principal Risk Analyst and founding Director of Risk Edge® Pty Ltd. and co-founder and R&D Manager, D2K Information Pty Ltd. She received her PhD in Environmental Biochemistry and Microbiology from Macquarie University. Her most recent book is entitled: The Application of ISO 31000 to Drinking Water Quality Risk Management: A Practical Approach. It is published by Edge Pty Ltd, Sydney Australia. Continue reading