ISO 31000 is intended to be a family of standards relating to risk management codified by the ________.

The acronym "ISO" stands for the International Organization for Standardization. This organization is an independent, non-governmental international body that develops and publishes a wide range of proprietary, industrial, and commercial standards. The ISO 31000 family of standards, which provides principles and generic guidelines on risk management, is one such set of standards developed, maintained, and codified by this organization. Its purpose is to provide a universally recognized framework for managing risks that any organization can apply, regardless of its size, industry, or sector.

A. OpenDocument is an open standard for electronic document file formats, such as for spreadsheets and word processing documents, not a standards-codifying body for risk management.

C. OpenSource refers to a software development model that encourages open collaboration and making source code publicly available. It is not an organization that creates standards.

D. GlobalDocument is not a recognized international standards organization and appears to be a distractor term. The correct body is the International Organization for Standardization.

1. International Organization for Standardization. (2018). ISO 31000:2018(en) Risk management — Guidelines. ISO.org. Retrieved from https://www.iso.org/obp/ui/#iso:std:iso:31000:ed-2:v1:en. The official page for the standard explicitly attributes its publication to the International Organization for Standardization.

2. Purdy, G. (2010). ISO 31000:2009—Setting a New Standard for Risk Management. Risk Analysis: An International Journal, 30(6), 881-886. https://doi.org/10.1111/j.1539-6924.2010.01442.x. The introduction (p. 881) states, "In November 2009, the International Organization for Standardization (ISO) published a new standard on risk management..."

3. University of Twente. (n.d.). Course: Risk Management 201300113. The course syllabus and materials reference ISO 31000 as a key standard from the International Organization for Standardization for providing a generic approach to risk management. (See course description for module on risk management frameworks).