Technical standard in the context of Electronic data interchange

Risk management is the identification, evaluation, and prioritization of risks, followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. Risks can come from various sources (i.e, threats) including uncertainty in international markets, political instability, dangers of project failures (at any phase in design, development, production, or sustaining of life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. Retail traders also apply risk management by using fixed percentage position sizing and risk-to-reward frameworks to avoid large drawdowns and support consistent decision-making under pressure.

Two types of events are analyzed in risk management: risks and opportunities. Negative events can be classified as risks while positive events are classified as opportunities. Risk management standards have been developed by various institutions, including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and International Organization for Standardization. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety. Certain risk management standards have been criticized for having no measurable improvement on risk, whereas the confidence in estimates and decisions seems to increase.

Formulation is a term used in various senses in various applications, both the material and the abstract or formal. Its fundamental meaning is the putting together of components in appropriate relationships or structures, according to a formula. Etymologically formula is the diminutive of the Latin forma, meaning shape. In that sense a formulation is created according to the standard for the product.

Paper size refers to standardized dimensions for sheets of paper used globally in stationery, printing, and technical drawing. Most countries adhere to the ISO 216 standard, which includes the widely recognized A series (including A4 paper), defined by a consistent aspect ratio of √2. The system, first proposed in the 18th century and formalized in 1975, allows scaling between sizes without distortion. Regional variations exist, such as the North American paper sizes (e.g., Letter, Legal, and Ledger) which are governed by the ANSI and are used in North America and parts of Central and South America.

The standardization of paper sizes emerged from practical needs for efficiency. The ISO 216 system originated in late-18th-century Germany as DIN 476, later adopted internationally for its mathematical precision. The origins of North American sizes are lost in tradition and not well documented, although the Letter size (8.5 in × 11 in (216 mm × 279 mm)) became dominant in the US and Canada due to historical trade practices and governmental adoption in the 20th century. Other historical systems, such as the British Foolscap and Imperial sizes, have largely been phased out in favour of ISO or ANSI standards.

In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Compliance has traditionally been explained by reference to deterrence theory, according to which punishing a behavior will decrease the violations both by the wrongdoer (specific deterrence) and by others (general deterrence). This view has been supported by economic theory, which has framed punishment in terms of costs and has explained compliance in terms of a cost-benefit equilibrium (Becker 1968). However, psychological research on motivation provides an alternative view: granting rewards (Deci, Koestner and Ryan, 1999) or imposing fines (Gneezy Rustichini 2000) for a certain behavior is a form of extrinsic motivation that weakens intrinsic motivation and ultimately undermines compliance.

Regulatory compliance describes the goal that organizations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws, policies, and regulations. Due to the increasing number of regulations and need for operational transparency, organizations are increasingly adopting the use of consolidated and harmonized sets of compliance controls. This approach is used to ensure that all necessary governance requirements can be met without the unnecessary duplication of effort and activity from resources.

An international standard is a technical standard developed by one or more international standards organizations. International standards are available for consideration and use worldwide. The most prominent such organization is the International Organization for Standardization (ISO). Other prominent international standards organizations including the International Telecommunication Union (ITU) and the International Electrotechnical Commission (IEC). Together, these three organizations have formed the World Standards Cooperation alliance.

A standards organization, standards body, standards developing organization (SDO), or standards setting organization (SSO) is an organization whose primary function is developing, coordinating, promulgating, revising, amending, reissuing, interpreting, or otherwise contributing to the usefulness of technical standards to those who employ them. Such an organization works to create uniformity across producers, consumers, government agencies, and other relevant parties regarding terminology, product specifications (e.g. size, including units of measure), protocols, and more. Its goals could include ensuring that Company A's external hard drive works on Company B's computer, an individual's blood pressure measures the same with Company C's sphygmomanometer as it does with Company D's, or that all shirts that should not be ironed have the same icon (a clothes iron crossed out with an X) on the label.

Most standards are voluntary in the sense that they are offered for adoption by people or industry without being mandated in law. Some standards become mandatory when they are adopted by regulators as legal requirements in particular domains, often for the purpose of safety or for consumer protection from deceitful practices.

Standardization (American English) or standardisation (British English) is the process of implementing and developing technical standards based on the consensus of different parties that include firms, users, interest groups, standards organizations and governments. Standardization can help maximize compatibility, interoperability, safety, repeatability, efficiency, and quality. It can also facilitate a normalization of formerly custom processes.

In social sciences, including economics, the idea of standardization is close to the solution for a coordination problem, a situation in which all parties can realize mutual gains, but only by making mutually consistent decisions. Divergent national standards impose costs on consumers and can be a form of non-tariff trade barrier.

In engineering, interoperation is the setup of ad hoc components and methods to make two or more systems work together as a combined system with some partial functionality during a certain time, possibly requiring human supervision to perform necessary adjustments and corrections.

This contrasts to interoperability, which theoretically permits any number of systems compliant to a given standard to work together a long time smoothly and unattended as a combined system with the full functionality by the standard.

Standard temperature and pressure (STP) or standard conditions for temperature and pressure are various standard sets of conditions for experimental measurements used to allow comparisons to be made between different sets of data. The most used standards are those of the International Union of Pure and Applied Chemistry (IUPAC) and the National Institute of Standards and Technology (NIST), although these are not universally accepted. Other organizations have established a variety of other definitions.

In industry and commerce, the standard conditions for temperature and pressure are often necessary for expressing the volumes of gases and liquids and related quantities such as the rate of volumetric flow (the volumes of gases vary significantly with temperature and pressure): standard cubic meters per second (Sm/s), and normal cubic meters per second (Nm/s).

A style guide is a set of standards for the writing, formatting, and design of documents. A book-length style guide is often called a style manual or a manual of style. A short style guide, typically ranging from several to several dozen pages, is often called a style sheet. The standards documented in a style guide are applicable for either general use, or prescribed use in an individual publication, particular organization, or specific field.

A style guide establishes standard style requirements to improve communication by ensuring consistency within and across documents. They may require certain best practices in writing style, usage, language composition, visual composition, orthography, and typography by setting standards of usage in areas such as punctuation, capitalization, citing sources, formatting of numbers and dates, table appearance and other areas. For academic and technical documents, a guide may also enforce best practices in ethics (such as authorship, research ethics, and disclosure) and compliance (technical and regulatory). For translations, a style guide may even be used to enforce consistent grammar, tone, and localization decisions such as units of measure.

Robert J. Twiggs (born November 27, 1935) is an American professor of Astronautics and Space Science at Morehead State University. He is responsible, along with Jordi Puig-Suari of California Polytechnic State University, for co-inventing the CubeSat reference design for miniaturized satellites which became an Industry Standard for design and deployment of the satellites.

A specification often refers to a set of documented requirements to be satisfied by a material, design, product, or service. A specification is often a type of technical standard.

There are different types of technical or engineering specifications (specs), and the term is used differently in different technical contexts. They often refer to particular documents, and/or particular information within them. The word specification is broadly defined as "to state explicitly or in detail" or "to be specific".

Engineering drawing abbreviations and symbols are used to communicate and detail the characteristics of an engineering drawing. This list includes abbreviations common to the vocabulary of people who work with engineering drawings in the manufacture and inspection of parts and assemblies.

Technical standards exist to provide glossaries of abbreviations, acronyms, and symbols that may be found on engineering drawings. Many corporations have such standards, which define some terms and symbols specific to them; on the national and international level, ASME standard Y14.38 and ISO 128 are two of the standards. The ISO standard is also approved without modifications as European Standard EN ISO 123, which in turn is valid in many national standards.Australia utilises the Technical Drawing standards AS1100.101 (General Principals), AS1100-201 (Mechanical Engineering Drawing) and AS1100-301 (Structural Engineering Drawing).

Textile testing is the process of measuring the properties and performance of textile materials—textile testing includes physical and chemical testing of raw materials to finished products.

Textile testing assists textile production in selecting various types of fibers and their transformation into yarn, fabric, and finished goods such as clothing. The materials are evaluated at multiple stages of production to qualify, compare, and standardize to meet the norms of different production stages and consumer requirements. The testing of textiles is carried out in laboratories and in the field using simple to sophisticated testing methods and equipment. In textile testing, many analytical instruments and online monitoring systems are utilized. Textile testing adds value to different agencies involved in the textile supply chain, from production, distribution and consumption.