This standard gives guidance on the identification and control of business related risks encountered when undertaking projects. It is applicable to a wide spectrum of project organizations operating in the industrial, commercial and public or voluntary sectors. It is written for project sponsors and project managers, either or both of whom are almost always responsible to higher levels of authority for one or more projects of various types and sizes.
It is intended that its application will be proportional to the circumstances and needs of the particular organization.
This standard offers generic guidance only and it is not suitable for certification or contractual purposes. It is not intended as a substitute for specific standards that address risk assessment in distinct applications, such as health and safety, or areas of technological risk.
NOTE This standard advises that risk management is treated as an integral part of good management practice. Risk management is an iterative process consisting of steps that enable continual improvement in decision making. Its effective use depends on the experience and judgement of the practitioners applying the guidance, and not simply on routinely following the steps outlined.
BS 6079-3:2000 history
2000BS 6079-3:2000 Project management - Guide to the management of business related project risk