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 ‘enterprise risk management’ (ERM) has become a pop-ular way of describing application of risk management through-out the institution rather than only in selected business areas or disciplines. Risk management is a management discipline with its own tech-niques and principles. It is a recognised management science
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