“Risk Management is the term applied to a logical systematic method of establishing context, identifying, analysing, evaluating, treating, monitoring and communicating risks associated with any activity, function or process in a way that will enable organisations to minimise losses and maximise opportunities. Risk Management is as much about identifying opportunities as avoiding or mitigating losses.”
© Copyright Standards Australia. Reproduced with permission from Standards Australia.
An effective risk management policy and framework ensures a consistent organisation-wide approach to the management of risks to assist management achieve its concept driven strategic priorities and related concerns. This will provide the Centre for People Development with a view of its key strategic and operational risks, incorporating a view of risk across all aspects of the Centre for People Development.
The expected benefits include: