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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