Risk Management – Guide
Environmental AffairsDepartment:REPUBLIC OF SOUTH AFRICAenvironmental affairsRisk Management Guide 2CONTENTSFOREWORD ........................................ ........................................ ..................................4INTRO DUCTION ........................................ ........................................ ..........................5Purpose ........................................ ........................................ .......................................5 Structure ........................................ ........................................ .....................................6GU IDEBOOK: WHAT IS RISK Management ?INTRODUCTION ........................................ ........................................ ..........................8DEFINITION ........................................ ........................................ ................................8OVERVIE W.
The term ‘risk management’ is currently being utilised very liberally within institutions. For example, safety, security, disaster manage-ment, business continuity, insurance and internal audit are often referred to as “risk management.” It is certainly true that these functions form part of the wider sub-ject of risk management.
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