What is EN ISO 3600:2014 ?

EN ISO 3600:2014 is a technical standard developed by the International Organization for Standardization (ISO). It is focused on the concept of risk management and aims to provide guidelines for organizations on how to identify, assess, prioritize, and mitigate risks.

The main purpose of EN ISO 3600:2014 is to help organizations identify and manage risks that could have a negative impact on their operations, such as financial losses, employee health and safety, and environmental issues. The standard provides a framework for organizations to identify their risks, assess their likelihood and potential impact, prioritize their risks, and develop a risk management plan to mitigate them.

Key Elements of EN ISO 3600:2014

EN ISO 3600:2014 is made up of several key elements, including:

Risk Management Framework: The standard provides a framework for organizations to develop a risk management strategy that includes the following elements: risk identification, assessment, prioritization, and risk management planning.

Risk Identification: The standard emphasizes the importance of identifying potential risks that could have a negative impact on the organization. It encourages organizations to identify risks that are relevant to their business operations and that could cause financial losses, employee health and safety, or environmental issues.

Risk Assessment: The standard provides guidelines for organizations to assess the likelihood and potential impact of their identified risks. It encourages organizations to use various methods, such as risk scoring or likelihood density estimation, to assess the likelihood of a risk.

Risk Prioritization: The standard encourages organizations to prioritize their risks based on their likelihood and potential impact. It also provides guidelines for organizations to determine which risks to address first.

Risk Management Planning: The standard provides guidelines for organizations to develop a risk management plan to mitigate their identified risks. It encourages organizations to identify the resources they need to address their risks, such as budget, personnel, or technology, and to determine the timeline for implementing their risk management plan.

Conclusion

EN ISO 3600:2014 is a technical standard that provides guidelines for organizations on how to identify, assess, prioritize, and mitigate risks. By adopting this standard, organizations can ensure that they have appropriate risk management policies and procedures in place to support their employees and drive organizational success.