Institute of Risk Management
Overview: Risk management is an increasingly importantbusiness driver and stakeholders have becomemuch more concerned about risk. Risk may be adriver of strategic decisions, it may be a cause ofuncertainty in the organisation or it may simply beembedded in the activities of the organisation. Anenterprise-wide approach to risk managementenables an organisation to consider the potentialimpact of all types of risks on all processes,activities, stakeholders, products and services.Implementing a comprehensive approach willresult in an organisation benefiting from what isoften referred to as the ‘upside of risk’. The global financial crisis in 2008 demonstratedthe importance of adequate risk management.Since that time, new risk management standardshave been published, including the internationalstandard, ISO 31000 ‘Risk management –Principles and guidelines’. This guide drawstogether these developments to provide astructured approach to implementing enterpriserisk management (ERM).
