IMPORTANT PURCHASING ADVICE

This Handbook is a companion document to AS/NZS 4360 Risk Management. The two documents are intended to be used together, with the Handbook providing important commentary, guidance and examples on the implementation of the Standard.

For ease of use, the Handbook incorporates the full text of the Standard, reproduced in sections, followed by commentary and discussion relevant to that section. However, most users will still want an original copy of the Standard for reference purposes.

This Standard provides a generic guide for managing risk. This Standard may be applied to a very wide range of activities, decisions or operations of any public, private or community enterprise, group or individual.

This Handbook provides generic guidance for establishing and implementing effective risk management processes in any organization. It demonstrates how to establish the proper context, and then how to identify, analyse, evaluate, treat, communicate and monitor risks.This Handbook is based on the Joint Australian/New Zealand Standard, AS/NZS 4360:2004, Risk management. Each Section contains an extract from the Standard, followed by practical advice and relevant examples. This basic guide provides a generic framework for managing risk. It may be applied in a very wide range of organizations including:• public sector entities at national, regional and local levels;• commercial enterprises, including companies, joint ventures, firms and franchises;• partnerships and sole practices;• non-government organizations; and• voluntary organizations such as charities, social groupings and sporting clubs.It provides a reference for directors, elected officials, chief executive officers, senior executives, line managers and staff when developing processes, systems and techniques for managing risk that are appropriate to the context of their organization or their roles.

First published as HB 142-1999 and HB 143:1999.
Jointly revised and redesignated as HB 436:2004.