ASIS and RIMS begin work on National Risk Assessment Standard

ASIS International and RIMS have announced they are collaborating on a joint Risk Assessment American National Standard, which will provide a basis for the process of conducting a successful, well-organized and documented risk assessment.

According to a press release, ASIS and RIMS – both ANSI-accredited Standards Development Organizations – will use a process approach consistent with ISO 31000 and the Plan-Do-Check-Act model. The Standard will include managing a risk assessment program, as well as information on how to conduct individual risk assessments.

“Risk management is a constantly evolving – and essential – discipline for organizational success, which should not be done in isolation,” Carol Fox, director of strategic and enterprise risk practice for RIMS, said in a press release. “Having a consistent and generally accepted American National risk assessment standard, developed by consensus, should increase efficiencies and foster a common understanding about risk-taking within organizations.

The two organizations are now seeking volunteers to form the standard’s technical committee. Committee participation will fall under one of three self-declared “interest categories” including general interest, producer/service provider, and user/manager. Committee formation is open until Dec. 14. ASIS or RIMS membership is not a requirement for participation.

“Risk assessments provide the foundation for decision making in any risk management process,” Dr. Marc Siegel, commissioner, ASIS Global Standards Initiative, said in a press release. “Risk assessments are an ongoing process; therefore, it is critical to design a risk assessment program within the overall risk management program that is reliable, repeatable, and well documented. This standard will provide guidance on the risk assessment process to support risk management decision making.”

To learn more about this jointly developed standard and committee participation, visit