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

AS/NZS 4360 is a guideline used by organizations in Australia and New Zealand to identify, assess, and manage risks effectively. It provides a structured approach to understanding potential threats or opportunities that could impact objectives, whether financial, safety, or reputational. The standard emphasizes understanding risk context, analyzing likelihood and impact, and implementing controls to reduce or exploit risks. Its goal is to help organizations make informed decisions, improve resilience, and achieve goals sustainably by managing uncertainty systematically.