Risk Mitigation Whitepaper
Risk Mitigation and its Role in Creating Value from Physical Assets
The 2014 release of the ISO 55000 series has prompted a more structured view of how organizations should manage their physical asset portfolio. One of the prominent requirements in the standard is for organizations to ensure that their asset management-related risks are considered in their risk management approach, including contingency planning. Organizations must also determine and document this as part of their plan to achieve their asset management objectives. This whitepaper defines the critical success factors of a risk management system.