AS/NZS 4360 (Australian/New Zealand Standard for Risk Management)

AS/NZS 4360 is a standard guideline used in Australia and New Zealand for managing risks within organizations. It provides a structured process for identifying, assessing, and treating risks to help achieve objectives and improve decision-making. The standard encourages organizations to systematically analyze potential events that could impact their goals, evaluate their likelihood and severity, and develop strategies to minimize negative impacts or capitalize on opportunities. By following AS/NZS 4360, organizations can enhance their resilience, ensure safety, and comply with regulations through consistent, transparent, and effective risk management practices.