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An Overview of Widely Used Risk Management Standards & Guidelines 3/15/2011

A new executive report from RIMS

NEW YORK (March 15, 2011) — Today, RIMS announced the release of its latest executive report, An Overview of Widely Used Risk Management Standards & Guidelines. The report, a joint production of the RIMS Standards & Practices and RIMS Enterprise Risk Management Committees, is designed to provide the reader with a view of six widely used risk management standards, guidelines and self-described “best practices” to help identify common elements in each and to simplify the arduous process of wading through competing standards, frameworks and guidelines related to risk management.
In issuing this report, RIMS encourages all risk professional, regardless of functional area, to use this comparison. Based on the RIMS Risk Maturity Model success attributes, the report is designed to help organizations determine which standards and guidelines most closely align with their respective needs.

"There is an overwhelming amount of information available about the various standards, regulations and guidelines within our discipline," says Mary Roth, executive director, RIMS. "With this report, we organized that information into a useful and understandable format."

The wealth of available standards and guidelines describing risk management demonstrates its essential role within organizations. Even with noted differences in organizational focus, risk management has meaningful applications to all sectors, whether organizations are structured for profit, not for profit, governmental or non-governmental purposes.

The report highlights that the decision to use any particular standard or guideline is unique to each organization. RIMS remains committed to providing practical risk management tools, practices and resources regardless of which standard, guideline or regulation an organization may choose to use.

The Risk Perspective is available via RIMStore at no charge.


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About RIMS

As the preeminent organization dedicated to educating, engaging and advocating for the global risk community, RIMS, the risk management society™, is a not-for-profit organization representing more than 3,500 corporate, industrial, service, nonprofit, charitable and government entities throughout the world. RIMS has a membership of approximately 11,000 risk practitioners who are located in more than 60 countries. For more information about the Society’s world-leading risk management content, networking, professional development and certification opportunities, visit www.RIMS.org.

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For more information, contact:

Josh Salter, RIMS communications manager, (212) 655-6059 or jsalter@RIMS.org

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