Standards for Top Management

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

Step 2: Review the Standard’s Scope and Intent

Step 3: Evaluate Alignment with Business and Regulatory Needs

Step 4: Assess Adoption and Market Recognition

Step 5: Examine practicality and feasibility

Step 6: Evaluate maintenance, support, and updates

Step 7: Consider costs and benefits