The standard provides comprehensive guidance on selecting and applying systematic techniques for risk assessment. It serves as a practical "toolbox" for organizations to manage uncertainty and inform decision-making, complementing the high-level principles found in ISO 31000 .
The standard categorizes techniques based on their application at different stages of the risk assessment process: IEC 31010 - Edition 2.0 2019-06
A key feature of the 2019 edition is its , with Annex B providing detailed summaries for over 40 specific methods . Each summary describes a technique's purpose, inputs, outputs, strengths, and limitations to help users choose the right tool for their specific context. Core Risk Assessment Techniques