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AS4360

Risk Management with AS 4360:2004

Posted on 06. Jul, 2009 by Tristan in AS4360, governance, risk

The Australian standard AS/NZS 4360:2004 Risk Management - provides a description of a versatile and widely-applied risk management approach. It defines risk as

"…the possibility of something happening that impacts on your objectives. It is the chance to either make a gain or a loss. It is measured in terms of likelihood and consequence."