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


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

COMMERCIAL AQUATICS AUSTRALIA

Commercial Aquatics Australia provides aquatic solutions nationwide and is one of the largest and most experienced companies specialising in the design, construction, renovation, service, maintenance…

read more

Aquatics / Design / Play / Waterparks

 
 

Aflex Inflatables

Aflex Inflatables are the leaders for obstacle courses, pool toys, waterparks and land-based watersides and fitness runs. They are industry leaders offering the widest range of pool, lake and beach…

read more

Aquatics / Play / Waterparks

 
 

Envibe

With its sleek good looks and easy-to-use yet powerful functionality, Envibe is the premium fitness club software for the Australasian leisure, recreation and fitness industry. We are the most…

read more

Aquatics / Fitness / Recreation / Technology

 
 

Summit Fitness

Summit Fitness Equipment is now part of NovoFit - see www.ausleisure.com.au/suppliers/novofit/

read more

Fitness / Recreation / Technology / Wellness

 
 

SeatGeek Asia Pacific

SeatGeek is a search engine and mobile-focused ticket marketplace that allows fans to buy and sell tickets for live events. As of August 2018, SeatGeek has exited the Australian, New…

read more

Entertainment / Sport / Technology / Ticketing / Venues

 
 
 

MYRTHA POOLS

Founded in 1961, Myrtha Pools® quickly became Italy’s première swimming pool company, and has since grown into one of the world's leading swimming pool construction…

read more

Aquatics / Design / Play / Waterparks / Wellness

 
 

Augmented Creative

Augmented Creative is an open organization of like-minded and highly dedicated, creative people who conceive, plan and execute visual solutions. We pursue new and innovative visual ideas to help…

read more

Arts / Attractions / Consultants / Design / Tourism

 
 
 
 

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