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Can you help me to finish practical task?The following table to summarise each of the listed risk management requirements. You will find the following links

Can you help me to finish practical task?The following table to summarise each of the listed risk management requirements. You will find the following links helpful.

  1. https://www.iso.org/iso-31000-risk-management.html
  2. https://broadleaf.com.au/resource-material/iso-31000-2009-setting-a-new-standard-for-risk-management/
  3. https://www.safeworkaustralia.gov.au/doc/model-code-practice-how-manage-work-health-and-safety-risks

Requirement

Summary

Source/s

Identify one (1) current risk management standard. Summarise:

- Purpose

- Key Elements

The current risk management standard is ISO 31000.The purpose of the new risk management standard is to help achieve consistency and reliability in risk management by creating a standard that would be applicable to all forms of risk.It creates one common overarching process for identifying, analyzing, evaluating, and treating risks and how such process should be carried out.

The key elements of ISO 3100-2009 are;

One vocabulary for managing risks

The definition of risk management should be constant or uniform to ensure that guidelines and policies are practical.

The process of managing risks

The new risk management standard has developed many options available to manage risks in organizations.

The framework for managing risks

This components states demands that for the new risk management standard to effective, risk management must be integrated into organization decision making process

These are requirements that must be followed to ensure that risks are managed effectively and efficiently. They includes risk management being part of decision making among others.

Reference

http://broadleaf.com.au/resource-material/iso-31000-2009-setting-a-new-standard-for-risk-management/

Identify one (1) Code of Practice. Summarise:

- Purpose

- Key components

Discuss three (3) methods/techniques that may be used for identifying and evaluating risks.

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