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This International Standard provides guidance on the selection and application of techniques for assessing risk in a wide range of contexts. The techniques are used to assist in making decisions where there is uncertainty, to provide information about particular risks and as part of a process for managing risk. The document provides summaries of a range of techniques, with references to other documents where the techniques are described in more detail. These procedures are applied: - when further knowledge of existing risks or a specific risk is required; - as part of a decision in which a number of options, each involving a risk, shall be compared or optimized; - as part of a risk management process that leads to a measure for handling a risk. The standard differs from DIN EN 31010 (VDE 0050-1):2010-11 as follows: a) more details are provided on the process of planning, implementing, verifying, and validating the application of the procedures; b) the number of procedures has been increased and their scope of application has been expanded; c) the concepts covered in ISO 31000 (a normative document) are not repeated in this standard. The procedures described in this document are suitable for any type of risk assessment.
This document replaces DIN EN 31010:2010-11; VDE 0050-1:2010-11 .