RISKCOVER

What is Risk Management

Risk management is focused on achieving goals and realising opportunities while minimising the likelihood and consequences of adverse events.
Meeting with active discussion

At its most effective, risk management is fully integrated into the planning, management, and operational processes of an organisation. Risk management is useful in identifying what is essential to success and assisting your agency to achieve the desired outcomes.

Risk Management Process defined

“The systematic application of management policies, procedures and practices to the tasks of communicating, establishing the context, identifying, analysing, evaluating, treating, monitoring and reviewing risk.”
Source: Australia/New Zealand Standard AS4360:2004
Risk Management Process diagram Size: 28kb
This diagram from The Australia/New Zealand Standard AS4360:2004 illustrates the Risk Management Process.

For information on RiskCover’s Risk Management Services.

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