how does the AS/NZ ISO 31000:2009 Risk management - principles and guidelines standard assist organisations to reduce risk?
What is the objective of AS/NZS ISO 31000 Risk Management?
The objective of this Standard is to provide guidance to enable public, private or community enterprises, groups and individuals to achieve:
A more confident and rigorous basis for decision-making and planning
Better identification of opportunities and threats
Gaining value from uncertainty and variability
Pro-active rather than re-active management
More effective allocation and use of resources
Improved incident management and reduction in loss and the cost of risk, including commercial insurance premiums
Improved stakeholder confidence and trust
Improved compliance with relevant legislation
Better corporate governance