The present document gives guidance on steps for applying/implementing the proposed Emerging Risk Management Framework (ERMF) in industrial organizations. The document also formulates the process to follow for better management of emerging risks. In its approach it relies on the International Standard ISO 31000 which provides principles and generic guidelines on risk management.
This CEN Workshop Agreement can be used by any public, private or community enterprise, association, group or individual. Therefore, this CEN Workshop Agreement is not specific to any industry or sector, but its origin and emphasis are in the area of emerging risks related to new technologies and innovation.
The core of the document is its 10 elements/steps procedure for managing emerging risks, which should help improving the communication and alignment of different stakeholders" approaches.
This CEN Workshop Agreement can be applied throughout the life of an organization, and to a wide range of activities, including strategies and decisions, operations, processes, functions, projects, products, services and assets. It can be applied to different types of emerging risks, as a generic guideline, and it is not intended to promote uniformity of emerging risk management across different users and stakeholders. The implementation solutions for emerging risk management in each particular case will need to take into account the specificity of each of these particular cases and the specific features in each of the organizations, with specific contexts, structures, operations, processes, functions, projects, products, services, and/or assets and specific practices employed.
It is intended that this contributes to harmonize emerging risk management processes in different countries and across organizations and types of activity and/or sectors, and does not replace the standards already available.
It is expected that this CWA enhance the realization of initiatives like European Emerging Ris ...