Risk Assessment Techniques

This article is the third and final in a series of three related articles dealing with the concept of risk. In the previous two articles, ISO 31000-2009 (ANSI Z690.2-2011) on Risk Management Principles and Guidelines and ISO Guide 73 (ANSI X690.1-2011) on Risk Management Terminology were reviewed. This third article examines ISO 31010-2009 or the ANSI equivalent version, ANSI Z690.3-2011. These standards deal with risk assessment techniques and attempt to catalog a set of general techniques and methods useful in the assessment and analysis of risk.