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.
4.3 Continuous risk assessment The risk profile of an institution is fluid, which is to say that it is chang-ing on a continuous basis. Some risks are created by changes initi-ated by the institution. Others are the result of changes in society, business, legislation or communities. Even the best management teams will struggle to keep an accu-
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