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A Risk Management Standard
Source: www.theirm.org
Topic: Risk Management
Sort Desciption: Please contact the individual associations if you wish to purchase more copies of this Risk Management Standard in printed form ...
Content Inside: A Risk Management Standard Published by AIRMIC ALARM IRM: 2002 This Risk Management Standard is the result of work by a team drawn from the major risk management organisations in the UK - The Institute of Risk Management (IRM)The Association of Insurance and Risk Managers (AIRMIC) and ALARM The National Forum for Risk Management in the Public Sector. In addition the team sought the views and opinions of a wide range of other professional bodies with interests in risk management during an extensive period of consultation. Risk management is a rapidly developing discipline and there are many and varied views and descriptions of what risk management involves how it should be conducted and what it is for. Some form of standard is needed to ensure that there is an agreed: terminology related to the words used process by which risk management can be carried out organisation structure for risk management objective for risk management Importantly the standard recognises that risk has both an upside and a downside. Risk management is not just something for corporations or public organisations but for any activity whether short or long term.The benefits and opportunities should be viewed not just in the context of the activity itself but in relation to the many and varied stakeholders who can be affected. There are many ways of achieving the objectives of risk management and it would be impossible to try to set them all out in a single document.Therefore it was never intended to produce a prescriptive standard which would have led to a box ticking approach nor to establish a certifiable process. By meeting the various component parts of this standard albeit in different ways organisations will be in a position to report that they are in compliance.The standard represents best practice against which organisations can measure themselves. The standard has wherever possible used the terminology for risk set out by the International Organization for Standardizati ...
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