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“Risk assessments provide the foundation for decision making in any risk management process,” says Dr. Marc Siegel, commissioner, ASIS Global Standards Initiative. “Risk assessments are an on-going process; therefore it is critical to design a risk assessment program within the overall risk management program that is reliable, repeatable, and well documented. This standard will provide guidance on the risk assessment process to support risk management decision making to better address the uncertainties in an organization achieving its objectives.”

ASIS and RIMS were seeking volunteers to form the standard’s technical committee. Committee participation will fall under one of three self-declared “interest categories” including general interest, producer/service provider, and user/manager. Membership composition will be balanced across these categories based on ANSI “balance” requirements; and consideration may be given on committee size. ASIS or RIMS membership is not a requirement for participation. As of December 14th, applications are no longer being accepted.

“Risk management is a constantly evolving – and essential – discipline for organizational success, which should not be done in isolation” states Carol Fox, director of strategic and enterprise risk practice for RIMS. “Having a consistent and generally accepted American National risk assessment standard, developed by consensus, should increase efficiencies and foster a common understanding about risk-taking within organizations. In working collaboratively on this standard with ASIS, RIMS stresses the importance of building alliances across associations to develop a shared understanding for assessing uncertainties that may affect future outcomes for all organizations, regardless of structure or size.”

ASIS is handling committee administration for this project. To learn more about this jointly developed standard, visit http://www.asisonline.org/guidelines/committees/ra_std.htm.

RIMS

As the preeminent organization dedicated to advancing the practice of risk management, RIMS is a global not-for-profit organization representing more than 3,500 industrial, service, nonprofit, charitable and government entities throughout the world. Founded in 1950, RIMS brings networking, professional development and education opportunities to its membership of more than 10,000 risk management professionals who operate in more than 120 countries. RIMS is an ANSI accredited Standards Development Organization. For more information on RIMS, visit www.RIMS.org.

ASIS International is the preeminent organization for security professionals, with 38,000 members worldwide. Founded in 1955, ASIS is dedicated to increasing the effectiveness and productivity of security professionals by developing educational programs and materials that address broad security interests, such as the ASIS Annual Seminar and Exhibits, as well as specific security topics. ASIS also advocates the role and value of the security management profession to business, the media, government entities and the public. By providing members and the security community with access to a full range of programs and services, and by publishing the industry’s No. 1 magazine—Security Management—ASIS leads the way for advanced and improved security performance. Visit ASIS online at www.asisonline.org.