A club guide to risk management.
What is risk management?
The Australian/New Zealand Standard for Risk Management (AS/NZS 4360) defines risk management as:
“The culture, processes and structures that are directed towards the effective management of potential opportunities and adverse effects.”
What is risk?
The Australian/New Zealand Standard for Risk Management (AS/NZS 4360) defines risk as:
“The chance of something happening that will have an impact upon objectives. It is measured in terms of likelihood and consequences.”



