Page 22 - EBOOK RISK MANAGEMENT
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  Government

                   a)  Expert opinion
                        Governments can benefit from the opinion of experts without having to

                           call on

                      their services directly
                   b)  Opening up world trade

                        Help to ensure that requirements for international trade are the same the
                           world over


                ISO 31000:2018 Risk Management – Principles and Guidelines

                  Provides generic principles, framework and a process for managing risk.

                  It can be used by any organization regardless of its size, activity or sector.
                  Cannot be used for certification purposes.

                   Does provide guidance for internal or external audit programmes.
                  Help organization in

                        Increasing the likelihood of achieving objectives

                        Improving the identification of opportunities and threats
                        Effectively allocate and use resources for risk treatment

                        Comparing  their  risk  management  practices  with  an  internationally
                           recognised benchmark

                        Providing sound principles for effective management and corporate

                        Governance


                Principles of Risk Management

                  Integrated
                        Risk management is an integral part of all organizational activities.

                  Structured and comprehensive
                        A  structured  and  comprehensive  approach  to  risk  management

                           contributes to consistent and comparable results.
















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