Risk management. Terms and definitions

This document establishes a standardized framework for the vocabulary and definitions related to the field of risk management. It serves as a foundational reference to ensure consistent terminology is used across various sectors and disciplines within the nation. By providing clear and precise definitions for key concepts, this specification facilitates effective communication among professionals, organizations, and stakeholders engaged in identifying, assessing, and mitigating potential risks. The content is structured to cover essential terms that underpin risk management processes, thereby promoting uniformity in approach and understanding. It does not prescribe specific management methodologies but rather defines the language used to describe them. This harmonization supports interoperability between different systems and practices, allowing for more coherent analysis and decision-making. The document reflects a commitment to clarity and precision in the discourse surrounding uncertainty and its potential impacts, forming a basis for further development of risk management practices without delving into procedural implementation or strategic application details.