Standards for Top Management
FRAMEWORK
How to evaluate a standard
Purpose
This guide supports top management in making informed decisions when evaluating whether a standard should be adopted, referenced, or implemented. It ensures that selected standards are fit-for-purpose, aligned with strategic objectives, and practical to implement.
1. Understanding Why Evaluation Matters
Evaluating a standard ensures that:
- It provides operational or competitive advantages.
- It truly supports business needs and strategic priorities.
- It does not create unnecessary complexity or cost.
- It is credible, widely recognized, and maintained by a legitimate organization.
- It aligns with legal, regulatory, and market expectations.
2. The Process of Evaluating a Standard
Step 1: Understand the Standard’s Source and Credibility
Ask:
- Is the issuing body credible and recognized in your market or industry?
- Is the standard issued by a recognized standardization body (e.g., ISO, IEC, CEN, GS1)?
- Is it developed through a transparent, consensus-based process?
Step 2: Review the Standard’s Scope and Intent
Check:
- What are the boundaries of applicability?
- What does the standard cover (process, product, system, data, interoperability)?
- What is its purpose (compliance, quality, safety, efficiency, sustainability)?
Step 3: Evaluate Alignment with Business and Regulatory Needs
Consider:
- Does it fill a gap or improve your current practices?
- Does the standard address your identified business or compliance needs?
- Is it referenced in laws, regulations, or customer contracts?
Step 4: Assess Adoption and Market Recognition
Ask:
- Is it aligned with international or regional frameworks?
- Is the standard widely recognized in your industry or market?
- Do customers, partners, or competitors refer to or require it?
Step 5: Examine practicality and feasibility
Check:
- Does it require significant changes to your operations, IT systems, or resources?
- Is it implementable within your organizational context?
- Are the requirements clear, actionable, and measurable?
Step 6: Evaluate maintenance, support, and updates
Assess:
- Are future updates predictable and manageable?
- Is the standard maintained and updated regularly?
- Are there support resources (training, guidance, certification)?
Step 7: Consider costs and benefits
Balance:
- Expected benefits (risk reduction, market access, customer trust, operational improvement)
- Implementation costs (training, systems, certification)
- Ongoing maintenance and compliance costs