Our Risk Management System

About Risk Management

The publication of ISO 31000, the international standard for risk management, provided an opportunity to clarify what we mean by risk and how it should be managed. The standard supports a simple way of thinking about risk that helps remove the inconsistency and ambiguity that has existed between the many different approaches and definitions in the past.

The Definition of Risk

Mankind has actively managed risk throughout its existence. However, it is only in the last few hundred years that we have been conscious that we could influence the future by learning lessons from the past. In the last century, this knowledge has been turned into a science associated with decision-making.

Risk – “the chance of something happening that will have an impact on objectives”.  Or “the effect of uncertainty on objectives”.

The Process for Managing Risk

Risk Management Framework

Risk Management Plan

At ARMS Risk Management, we have complied a complete self-help Risk Management system and Planning process.  You can download our free system package here:

https://armsrisk.com.au/ARMS_Risk.zip

Please feel free to download this and implement the system in your own organisation.  Alternatively, we can come in and do it for you.

Please call us if you have any questions or queries or if you want help implementing a complete risk management system for your business.