Please enable JavaScript.
Coggle requires JavaScript to display documents.
RISK TOPIC 2: AUST/NEWZ (principle (Risk management creates and protects…
RISK TOPIC 2: AUST/NEWZ
principle
-
-
-
-
Risk management is systematic, structured and timely
-
To ensure effectiveness of the risk management framework, management of the organization should define and endorse the risk management policy that:
-
-
-
-
- Implementing risk management
-
-
- Monitoring and Review of the Framework
Measure risk management performance against indicators, which are periodically reviewed for appropriateness.
-
-
- Continual Improvement of the Framework
Based on the results of the monitoring and reviews, decisions should be made on how the risk management framework, policy and plan can be improved. These decisions should able to lead for improvements in the future.
-
