Fundamentals for the Challenge of Controlling Risk Through Standardization

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Author(s): Vicente González-Prida (University of Seville, Spain & Universidad Nacional de Educación a Distancia, Spain), Jesús P. Zamora (Universidad Nacional de Educación a Distancia, Spain)and Pablo Viveros Gunckel (Universidad Técnica Federico Santa María, Chile)
Copyright: 2021
Pages: 14
Source title: Advanced Models and Tools for Effective Decision Making Under Uncertainty and Risk Contexts
Source Author(s)/Editor(s): Vicente González-Prida (University of Seville, Spain & National University of Distance Education, Spain)and María Carmen Carnero (University of Castilla-La Mancha, Spain)
DOI: 10.4018/978-1-7998-3246-1.ch006

Keywords: Business & Management / Business and Organizational Research / Business Science Reference / Risk Management & Analysis

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Abstract

This chapter is intended to deal with the topic of standardization as a solution for risk control and decision making, mainly in high technologized context. For that purpose, this document starts introducing the reason of controlling risk as well as the uncertainty background that lays in different sectors. After that, the risk management evolution is outlined, defining briefly the risk concept, mentioning some current management models and enumerating the more relevant norms, standards, and guidelines for risk management. From this point, an overview on the standard ISO 31000 about risk management is provided in order to finally summarize some possible future research lines and some conclusions about this groundwork on risk and uncertainty.

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Fundamentals for the Challenge of Controlling Risk Through Standardization

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