This standard specifies the definitions of basic terms related to risk management, and aims to encourage a coherent approach and a consistent understanding of risk management-related activities, and to use a unified risk management terminology when it comes to risk management processes and frameworks. This standard is suitable for use by the following personnel: - personnel engaged in risk management; - personnel involved in ISO and IEC activities; - personnel who develop national or industry standards, guidelines, procedures, and regulations related to risk management. For principles and guidance on risk management, see ISO 31000:2009.