PSUM 1.0b2 FTF Avatar
  1. OMG Issue

PSUM — Model Element Risk should have a name different from Risk

  • Key: PSUM-7
  • Status: closed  
  • Source: 88solutions ( Mr. Manfred R. Koethe)
  • Summary:

    This issue was actually raised by the designated reviewer form the OMG Architecture Board. His argument was, that "Risk" is too broad for risk resulting from uncertainty.

  • Reported: PSUM 1.0a1 — Wed, 7 Feb 2024 03:37 GMT
  • Disposition: Closed; No Change — PSUM 1.0b2
  • Disposition Summary:

    Follow ISO 31000 Guidance

    The FTF decided to follow the lead of ISO 31000 and retains the element name "Risk". This is what ISO 31000 says:
    ISO 31000 creates a new definition of risk as "the effect of uncertainty on objectives, whether positive or negative." This definition shifts the understanding of risk away from the possibility of a negative outcome and toward the uncertainty itself.

    ISO 31000 divides risks into three categories, all incurring uncertainty:

    • Hazard (if the uncertain event occurs, there will be negative outcomes)
    • Control (the results of the uncertainty are themselves uncertain)
    • Opportunity (if the uncertain event occurs, there will be positive outcomes)
  • Updated: Mon, 17 Jun 2024 13:38 GMT