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Standards Australia emphasises Risk Management in AS/NZS5050 BCM Standard

 

The latest Standard to the be released titled “AS/NZ5050 - Business Continuity Managing disruption-related risk” comes from Standards Australia and arrived just a few months before the US BCM Standard jointly developed by the BSI and ASIS . 

 

In an interesting departure from established convention the Australia/New Zealand Standard takes different slant on key aspects of the process and connects far more with with risk management principles than others. The Standard itself declares that “the approach (taken) to managing disruption-related risk described in the Standard is through application of AS/NZS ISO 31000:2009, Risk management—Principles and guidelines.”

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