Risk management is a rapidly developing discipline and there are many and varied views and descriptions of what risk management involves, how it should be conducted and what it is for. Some form of standard is needed to ensure that there is an agreed:
- terminology related to the words used
- process by which risk management can be carried out
- organisation structure for risk management
- objective for risk management
Importantly, the standard recognises that risk has both an upside and a downside.
Source
The Institute of Risk Management
Length of Resource
16 pages
Resource File
Date Published
Publication Type
article
Resource Type
academic