Committee OB-007: Joint Australian/New Zealand Standard

Licensed to Grant Purdy on 05 Sep 2004. For Committee OB-007 use only

AS/NZS 4360:2004

Australian/New Zealand Standard®

RISK MANAGEMENT

Licensed to Grant Purdy on 05 Sep 2004. For Committee OB-007 use only

Risk management
AS/NZS 4360:2004

This Joint Australian/New Zealand Standard was prepared by Joint Technical Committee OB-007, Risk Management. It was approved on behalf of the Council of Standards Australia on 21 July 2004 and on behalf of the Council of Standards New Zealand on 20 August 2004. This Standard was published on 31 August 2004. The following are represented on Committee OB-007: Australian Computer Society Australian Customs Service Australia New Zealand Institute of Insurance and Finance CSIRO (Commonwealth Scientific and Industrial Research Organisation) Department of Defence (Australia) Department of Finance and Administration Emergency Management Australia Environmental Risk Management Authority (New Zealand) Institute of Chartered Accountants (Australia) Institution of Engineers Australia Institution of Professional Engineers New Zealand Local Government New Zealand Massey University (New Zealand) Minerals Council of Australia Ministry of Agriculture and Forestry (New Zealand) Ministry of Economic Development (New Zealand) NSW Treasury Managed
For Committee OB-007 use only

3.5 Evaluate risks............................................................ 19 3.6 Treat risks ................................................................. 20 3.7 Monitor and review................................................... 22 3.8 Record the risk management process ........................ 23 4 Establishing effective risk management .................................. 25 4.1 Purpose ..................................................................... 25 4.2 Evaluate existing practices and needs ....................... 25 4.3 Risk management planning ....................................... 26