Latest News

Back to Latest News back

 

Standards Australia releases new international guidance on risk management

Standards Australia releases new international guidance on risk management
October 30, 2018

Drawing on world leading practices to advise organisations on how to manage risk, Standards Australia has published an Australian adoption of the international standard AS ISO 31000:2018, Risk Management – Guidelines.

Explaining that the Standard is an updated tool to help organisations identify and respond to rapidly changing risk landscape, Standards Australia Chief Executive Dr Bronwyn Evans advised “as the business environment changes with the introduction of new technology and streamlined processes, new areas of risk are identified day by day, and impact organisations of every shape and size.

One example of a new risk is cyber security and data protection, which was relatively unheard of five to ten years ago but now presents as a unique risk with many organisations unsure of how to respond to this effectively.”

The new AS ISO 31000:2018, Risk Management – Guidelines has placed a higher emphasis on the involvement of senior management, as well as recommending risk management be part of an organisation’s structure and processes. The guidance in the standard is specifically designed to be common across every industry and sector, providing a baseline approach to risk-management.

Jason Brown, Chair of the International Technical Committee responsible for the standard, added “on an international level, more and more industries and organisations are adopting a risk-based approach to doing business.

“What this will mean is that AS ISO 31000:2018, Risk Management – Guidelines will continue to develop its application, nationally and internationally, in support of governance, value protection and good decision making, be called in more standards, and used in management systems by organisations, to manage risk at all levels.”

Dr Evans concluded “HB 188, Physical Protective Security Treatment for Buildings and AS 4811 Workforce Screening are just two examples of the growing trend in standards utilising a risk-based approach to ensure their relevance for any business in any industry.”

Click here for more information.

Image courtesy of Sarah Colwell.

Related Articles

14th March 2018 - Standards Australia looks for industry input to develop crowd management handbook

16th February 2018 - Standards Australia highlights its role in trampoline park safety

8th February 2017 - The Riskworks Network shares advice on keeping youth safe at music festivals

16th January 2017 - Perception of safety and security boost Australia’s international tourism growth

6th June 2016 - Fitness Australia launches online risk management education program

11th May 2013 - Survey to assess risk management in fitness

23rd March 2013 - Improving risk management for major sporting events

2nd May 2012 - Standards Australia develops guidance for aquatic inflatables

21st April 2010 - Risk Management for Public Venues and Events


Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?

As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Felton Industries

Felton Industries is Australia’s leading designer, manufacturer and supplier of quality outdoor furniture and has been supplying premium seating solutions for all sporting, commercial, community…

read more

Parks / Play / Recreation / Sport / Venues

 
 

Parkequip

Parkequip is an approved supplier under the NSW LGP Contract 308 for a range of products including play equipment, shade, shelters, safe fall, park furniture and school outdoor seating. All materials…

read more

Fitness / Parks / Play / Recreation / Surfaces

 
 

Smart Connection Consultancy

Smart Connection Consultancy is a boutique sport and recreation consultancy who has become one of Australia’s leading advocates for the use of synthetic sports surfaces as a vehicle to grow…

read more

Consultants / Recreation / Sport / Surfaces

 
 

AAC

Welcome to AAC – makers of the world’s best wristbands, lanyards, tickets, tokens and full-service print solutions. We are Australia’s premier global manufacturer and supplier of…

read more

Access / Marketing / Safety / Ticketing

 
 

Hadley/Series Australia Pty Ltd

Hadley Australia and Series Australia Pty Ltd are the leading quality theatre chair manufacturers in the southern hemisphere. The businesses work closely with architects, interior designers and…

read more

Arts / Culture / Design / Entertainment / Venues

 
 

TICKETSERV

As of 2018, TicketServ operates as SeatGeek Asia Pacific Pty Limited, part of international ticketing platform SeatGeek. Click here to contact SeatGeek Asia Pacific via their entry in…

read more

Attractions / Entertainment / Events / Sport / Ticketing

 
 

PaySmart

Headquartered in Brisbane with an Australia-wide network of satellite offices, PaySmart is one of Australia’s largest and longest-standing direct debit billing companies. In 1996 we began…

read more

Access / Billing / Fitness / Technology

 
 

TPEC Pool Enclosures

TPEC Pool Enclosures provide a large range of premium commercial and residential retractable swimming pool, spa and terrace enclosures throughout Australia, servicing residential, local government…

read more

Aquatics / Design / Recreation / Venues

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business