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.
Risk management is a management discipline with its own tech-niques and principles. It is a recognised management science and has been formalised by international and national codes of practice, standards, regulations and legislation. Risk management forms part of management’s core responsibili-
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