AQUASPIN™ - Aqua Cycling Aquaspin™’s sessions have been specially designed by our Master Trainer to be challenging yet fun group cycling sessions. Each session is tailored to…read more
Standards Australia releases new international guidance on risk management
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.”
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Image courtesy of Sarah Colwell.
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
11th May 2013 - Survey to assess risk management in fitness
23rd March 2013 - Improving risk management for major sporting events
21st April 2010 - Risk Management for Public Venues and Events
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