ISO 10377:2013 provides practical guidance to suppliers on assessing and managing the safety of consumer products, including effective documentation of risk assessment and risk management to meet applicable requirements.
ISO 10377:2013 describes how to:

identify, assess, reduce or eliminate hazards;
manage risks by reducing them to tolerable levels;
provide consumers with hazard warnings or instructions essential to the safe use or disposal of consumer products.

ISO 10377:2013 is intended to apply to consumer products, but might also be applicable to decisions concerning safety in other product sectors.