Risk management
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Risk management is the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.
Example of risk assessment: A NASA model showing areas at high risk from impact for the International Space Station
The International Organization for Standardization is an independent, non-governmental, international standard development organization composed of representatives from the national standards organizations of member countries. Membership requirements are given in Article 3 of the ISO Statutes.
Plaque marking the building in Prague where the ISO predecessor, the ISA, was founded