1 - HB 142-1999 A BASIC INTRODUCTION TO MANAGING RISK USING THE AUSTRALIAN AND NEW ZEALAND RISK MANAGEMENT STANDARD AS/NZS 4360:1999
3 - Preface
5 - Contents
7 - Introduction
7 - The guidelines in context
7 - Outcomes
8 - We all manage risk consciously or unconsciously
8 - Managing risk-an integral part of good business practice
8 - Managing risk-an integral part of quality management
9 - This guide-an opportunity and a challenge
10 - The need to manage risk
10 - What is risk?
11 - What is meant by managing risk?
13 - When is there a need to manage risk?
15 - Managing risk
15 - Corporate governance
16 - Recognising the multiple accountability mechanisms
17 - Meeting legal requirements
18 - Avoiding quick solutions
18 - Risks, returns and resource priorities-linkages
19 - The process for managing risk
19 - Strategic risk management
20 - Documenting each step helps to meet accountability requirements
21 - Establish the context
24 - Stakeholder identification
26 - Communication and consultation
26 - Perceptions of risk
27 - Identify risks
28 - Possible methods of identifying risks
28 - Possible sources of risk
29 - Possible areas of risk effect
29 - Key questions in identifying risks
29 - Documentation of this step
30 - Analyse risks
34 - Recognising and exploiting opportunities
36 - Possible methods of analysing risks
36 - Qualitative methods include
36 - Quantitative methods include
36 - Key questions in analysing risk
36 - Documentation of this step
37 - Evaluate risks
37 - Reasons why a risk may be accepted
38 - As low as reasonably practicable
39 - Management response to the level of risk
39 - Key questions in assessing and ranking
39 - Documentation of this step
39 - Treat risks
41 - Identifying options for risk treatment
45 - Key questions in treating risks
45 - Documentation of this step
45 - Continually monitor and review
46 - Possible methods of review
46 - Key questions
46 - Documentation of this step
47 - Implementing a corporate programme for managing risk
47 - The challenge for leaders-integration
47 - The challenge for managers-leadership
48 - The challenge for all-continuous improvement
48 - Implementation process
49 - Develop the organisation policy
49 - Establish the organisational infrastructure
50 - Infrastructure issues may include
50 - Manage risks at the organisational level
51 - Manage risks at the programme, project and team level
51 - Manage risks at the individual level
51 - Monitor and review
52 - Risk management plans
53 - Monitoring the effective performance of risk management plans
54 - Reviewing risk management plan effectiveness
55 - Conclusion
55 - Key messages for managers in managing risk
55 - The key messages stress that
57 - Further information
57 - Professional associations
57 - References
57 - Managing risk-general
59 - Managing risk in specific contexts
61 - Glossary